If you own a home in Hillcrest and you've been wondering what your place is actually worth right now - not what the city said it was worth two years ago - this is the update you've been waiting for. The market here is doing two very different things depending on what type of property you own. Let's break it down.
We're seeing a split in Hillcrest right now, and it matters a lot depending on what you own.
Houses are in a bit of a breather. The average sale price sits at $614,833, which is actually up 2.7% from last month - so prices are climbing. But only 9 homes sold, down 10% from the month before, and they're sitting on the market for an average of 59 days. Buyers here are paying about 97.92% of list price, meaning they're negotiating a little room off the ask. Our houses rank 13 out of 41 on price across Airdrie - solidly above average - but on the neighbourhood leaderboard for growth, we're sitting at 27 out of 48. That's below the midpoint. Not a red flag, but not a bragging stat either.
Condos are a completely different conversation. One condo sold in Hillcrest recently, and it sold for 101.06% of list price - meaning the buyer paid over asking. It moved in 12 days, faster than nearby South Windsong at 18 days. On the Airdrie leaderboard, our condos rank 2 out of 25 on price and 2 out of 19 on days-on-market. That is a top-tier result. The HonestDoor Price for condos here is up 5.01% from the previous period. Condo owners in Hillcrest are sitting on something genuinely competitive right now.
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know that condo demand in Hillcrest is outpacing most of Airdrie right now. It doesn't know that house prices ticked up 2.7% last month. It's a static number doing a bad job of describing a moving target.
The HonestDoor Price is updated in real time using actual transaction data. For houses in Hillcrest, that number is $616,286. For condos, it's $485,960 - up 5.01% from the previous period. These aren't guesses. They're calculated from what buyers are actually paying right now, in this neighbourhood, in this market.
If you're a condo owner and your tax assessment hasn't caught up to that 5% jump, you could be making financial decisions - refinancing, listing price, estate planning - based on a number that undersells you by tens of thousands of dollars. Check your HonestDoor Price. It's the real-world check your assessment can't give you.
Hillcrest also holds its own against the neighbours. South Point houses are priced at $520,185, South Windsong at $561,435, and Windsong at $549,853. We're priced higher than all three - and for condos, the same story holds. Our condo HonestDoor Price of $485,960 beats South Point ($421,556), South Windsong ($456,993), and Windsong ($436,252).
If you own a condo in Hillcrest, the timing is genuinely good. Buyers are moving fast - 12 days on market - and they're paying over asking. Supply is tight. If you've been on the fence, this is the window you've been waiting for. Price it right and you'll have offers quickly.
If you own a house, the picture is more nuanced. Prices are up month-over-month, which is encouraging. But 59 days on market means buyers aren't rushing. They're comparing. They're negotiating. To get close to full ask, your home needs to be priced sharp and presented well. The predicted market value for houses sits at $624,601, which is slightly above the 3-month moving average of $623,646 - a sign that values are inching upward, not sliding.
Either way, the first step is the same - get your current HonestDoor Price and compare it to what you think your place is worth. You might be surprised. The market has moved, and your assessment almost certainly hasn't kept up.
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.