Forest Heights, Calgary - September 2026 Real Estate Report

Forest Heights, Calgary: What Your Neighbour Isn't Telling You About Home Prices Right Now

If you've been watching the "For Sale" signs on your block and wondering what's actually going on, here's the straight story. Forest Heights is in a bit of a transition. Not a crash, not a boom - more like the market catching its breath after a busy run. Here's what the numbers say, and more importantly, what they mean for your wallet.

The Vibe: Houses vs. Condos in Forest Heights

Houses - Affordable, Fast, But Cooling Off

We're sitting in one of Calgary's most affordable house markets. That's not a knock - it's actually a draw for buyers who've been priced out elsewhere. But if you own a house here, there are a few things worth paying attention to right now.

• Average sale price this month: $399,875 - down 18.4% from last month
• Average list price: $484,900
• Price per square foot: $395
• Homes are selling in 12 days on average
• Homes are selling at 101.75% of list price - buyers are still competing
• Predicted market value: $438,203
• Rental yield: 5.75% - that's a strong return if you're thinking landlord
• 77 transactions recorded in 2026 across the neighbourhood

Here's the tension in that data. Buyers are still paying over asking, which sounds like a hot market. But the average sale price dropped hard from last month, and the predicted value is sliding below the 3-month average of $441,513. Our houses are also taking one day longer to sell than Forest Lawn next door. Small gap, but it's a signal worth watching.

On the neighbourhood leaderboard, our house growth rate ranks 160 out of 238 Calgary neighbourhoods. That puts us in below-average territory for growth. The silver lining? Our days-on-market ranks 11 out of 82 - meaning houses here move faster than almost everywhere else in the city. And on price, we rank 210 out of 220, which makes Forest Heights one of the most affordable entry points in Calgary for a detached home.

Condos - A Different Story Entirely

The condo picture in Forest Heights is genuinely interesting, and most people in the neighbourhood don't know it yet.

• Average sale price: $250,000
• Average list price: $255,000
• Price per square foot: $231
• Condos selling at 98.04% of list price - buyers have a little room to negotiate
• Average days on market: 6 days
• Predicted market value: $1,040,730
• Rental yield: 3.54%
• Estimated rent: $3,672 per month
• Airbnb potential: $182 per night

Six days on market. That ranks 3rd out of 75 comparable neighbourhoods in Calgary. Our condos are flying off the shelf. And on the growth leaderboard, Forest Heights condos rank 28 out of 216 Calgary neighbourhoods - that puts us firmly in the top performers category. Compare that to Marlborough, Forest Lawn, and Penbrooke Meadows - every one of them is cheaper and growing slower on the condo side. We're actually leading the pack here.

One note: only 1 condo sold this month, so take the sale price data with some context. The predicted value and rental numbers are where the real story lives.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Every year, the city sends out an assessed value. For houses in Forest Heights, that average sits at $445,433. But here's the thing - that number is based on a snapshot in time, using data that's already months old by the time it lands in your mailbox.

The HonestDoor Price for houses in Forest Heights is $436,882 right now. That's 1.92% lower than the city's assessed value. It's also updated in real time, which means it's reflecting what's actually happening in the market today - not what was happening when the city did its homework.

For condos, the gap is even more striking. The city's average assessed value is $300,423. The HonestDoor Price is $1,036,118. That's not a typo. The assessed value is dramatically out of step with what the market is actually pricing these units at. If you own a condo in Forest Heights and you're making any kind of financial decision - refinancing, selling, even just understanding your net worth - relying on the city's number would give you a wildly inaccurate picture.

The HonestDoor Price is your real-world check. It's the number that reflects what a buyer would actually put on the table today, not what a government formula calculated months ago.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Forest Heights and you're thinking about listing this summer, the market is giving you mixed signals. Buyers are still paying over asking - that 101.75% sale-to-list ratio is real. But prices are trending down month over month, and the predicted value is slipping. The window where sellers had all the leverage is narrowing.

The practical advice? Don't wait for the fall hoping things bounce back. Homes here sell fast - 12 days on average. If you price it right, you'll move it. But pricing it right means using a current number, not your tax assessment. Check your HonestDoor Price first.

If you own a condo here, you're in a stronger spot than most people realize. Top-tier growth ranking, fastest days-on-market in the city, and a predicted value that's well above what most comparable neighbourhoods are seeing. If you've been sitting on a condo wondering if now is the time - the data says the market is paying attention to Forest Heights condos right now.

• House sellers: Price competitively and move quickly - the market is still active but softening
• Condo sellers: You have momentum - Forest Heights condos are outperforming most of the city
• Landlords: A 5.75% rental yield on houses is genuinely strong - holding makes sense if selling isn't urgent
• Everyone: Pull your HonestDoor Price before making any decision - the city's assessment is not your market value

Forest Heights isn't the flashiest neighbourhood on the Calgary map, but the numbers tell a story worth knowing. Affordable entry, fast sales, and a condo market that's quietly punching above its weight. That's the real talk.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.