Highland Green, Red Deer - July 2026 Real Estate Report

Highland Green, Red Deer: What Your Neighbour Hasn't Told You Yet

If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the honest breakdown. Highland Green is a mixed bag right now - and knowing which side of that bag you're on could be worth real money.

The Vibe: Houses vs. Condos - Two Very Different Stories

Let's start with houses, because that's where most of us live. The market is taking a breather. The average sale price sits at $289,000, down 8.7% from last month, and only 1 house sold in that period - half the volume of the month before. Homes are sitting on the market for 16 days on average, which is longer than Highland Green Estates (14 days) and noticeably longer than Riverside Meadows (9 days). Buyers are also negotiating - properties are closing at about 96.66% of list price, meaning sellers are leaving some money on the table.

• Average house sale price: $289,000 (down 8.7% from last month)
• Average list price: $299,000
• Price per square foot: $361
• Average days on market: 16
• Sale-to-list ratio: 96.66%
• Houses sold in 2026 so far: 12 total transactions

Now flip to condos, and we're looking at a completely different conversation. The HonestDoor Price for condos here has jumped 9.16% from the previous period, and growth ranks 11th out of 73 comparable neighbourhoods in Red Deer. That puts Highland Green condos firmly in the top tier of the city's leaderboard. Only 1 condo sold recently, but the predicted market value is climbing and the 3-month trend is moving up.

• Average condo sale price: $184,500
• Price per square foot: $164
• Condo growth rank: 11 out of 73 in Red Deer (top performers)
• Airbnb rank for condos: 9th in Red Deer

The Secret Sauce: Your HonestDoor Price vs. That Old Tax Assessment

Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the new park down the block. The HonestDoor Price is updated in real time using actual transaction data, so it reflects what buyers are doing right now, not what a government spreadsheet guessed last year.

For houses in Highland Green, the HonestDoor Price is $342,907 - up 1.01% from the previous period. The predicted market value for houses sits at $340,214, which is ticking up against a 3-month moving average of $339,491. That's a tighter, more current number than any assessment you'll get in the mail. If you're a homeowner here and you haven't checked your HonestDoor Price lately, you're essentially flying blind on your biggest asset.

On the rental side, houses are estimated at $1,801 per month with a rental yield of 5.92%. That's a strong return. If you've ever thought about renting your place instead of selling, that number is worth paying attention to.

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

If you own a house in Highland Green and you're thinking about listing this summer, be realistic. The data says buyers have the upper hand right now. Prices dipped, volume is low, and homes are sitting longer than nearby streets. That doesn't mean don't sell - it means price it sharp from day one. Homes closing at 96.66% of list price tells us that overpriced listings are getting punished. Come in at the right number and you can still move quickly.

House growth ranks 28th out of 80 neighbourhoods in Red Deer - that's above average, not the top of the leaderboard, but solidly in the better half of the city. And on price, Highland Green houses rank 56th out of 58 - meaning we're one of the most affordable options in Red Deer. That's actually a selling point for buyers who've been priced out of Oriole Park ($435,915 average HonestDoor Price) or even Riverside Meadows ($365,796).

If you own a condo here, the story is more encouraging. Values are climbing, the growth rank is strong, and the Airbnb potential - ranked 9th in all of Red Deer - gives you options beyond a traditional sale or long-term rental.

• House sellers: Price tight, move fast, and use your HonestDoor Price as your anchor - not last year's assessment
• Condo owners: Growth momentum is real - check your current HonestDoor Price before making any decisions
• Buyers: Highland Green is one of Red Deer's most affordable entry points with above-average growth - that combination doesn't last forever

Bottom line - Highland Green is not a neighbourhood to ignore right now. Whether you're buying, selling, or just keeping score, your HonestDoor Price is the most current number you've got. Use it.

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.