Hillhurst, Calgary - August 2026 Real Estate Report

Hillhurst Real Talk: Your Home Is Worth More Than the City Thinks

If you live in Hillhurst and you have not checked your HonestDoor Price lately, now is the time. The city's assessment is a snapshot from the past. The market is moving right now, and the gap between what the city says your place is worth and what a buyer would actually pay is real money on the table.

The Vibe: What Is Actually Happening on Our Streets

Hillhurst is one of the pricier inner-city neighbourhoods in Calgary, and the numbers back that up. But the house and condo markets are telling two very different stories right now, so let's break them down.

Houses: Taking a Breather

The house market in Hillhurst is cooling off a bit. That is not a panic signal - it is just the reality of where we are right now.

• Average sale price: $1,705,000
• Average list price this month: $1,737,000
• Price per square foot: $996
• Sale-to-list ratio: 98.23% - buyers are getting a small discount
• Average days on market: 46 days
• Properties sold this month: 2
• Predicted market value: $1,058,154
• Estimated monthly rent: $4,325 with a rental yield of 4.68%
• Growth rank: 113 out of 236 Calgary neighbourhoods - solidly above average
• Price rank: 28 out of 220 - we are among the most expensive in the city

Homes here are sitting on the market for 46 days on average. Compare that to Hounsfield Heights Briar Hill at 32 days, and you can see buyers are taking their time. They have options, and they know it. Sellers who price sharp are still moving product. Sellers who price with hope are waiting.

Condos: Moving Fast and Gaining Ground

The condo story in Hillhurst is a different energy entirely. This segment is one of the top performers in Calgary right now, and if you own a condo here, that is good news.

• Average sale price: $895,000 - up 25.5% from last month
• Average list price this month: $887,450
• Price per square foot: $545
• Sale-to-list ratio: 99.99% - condos are selling at virtually full ask
• Average days on market: 12 days
• Properties sold this month: 2
• Predicted market value: $593,304
• Estimated monthly rent: $2,651 with a rental yield of 3.73%
• Growth rank: 40 out of 216 Calgary neighbourhoods - top performers
• Price rank: 11 out of 175 - among the most expensive condos in the city
• Days-on-market rank: 9 out of 72 - very fast-selling

Twelve days on market. That is not a slow market - that is a condo getting snapped up before the sign goes in the ground. The 25.5% jump in average sale price month-over-month is a big number, and with only 2 sales it can swing around. But the trend in predicted values is also climbing, up from a 3-month moving average of $590,025 to $593,304 today. The momentum is real.

The Secret Sauce: Your HonestDoor Price Is Your Real Number

Here is the thing about the city's assessed value. It is calculated once a year using data that is already months old by the time it lands in your mailbox. It is a tax tool, not a market tool.

The HonestDoor Price updates in real time using actual sales data, current listings, and market signals happening right now in Hillhurst. That difference matters more than people realize.

• Average city assessment for houses: $1,051,157
• Average HonestDoor Price for houses: $1,054,794 - already 0.35% higher than the city's number
• Average city assessment for condos: $587,149
• Average HonestDoor Price for condos: $598,198 - 1.88% higher than the city's number and climbing at 0.82% recently

On a $598,000 condo, a 1.88% gap is over $11,000 the city is not counting. On a house, the gap is smaller right now, but the HonestDoor Price is the live read. The assessment is the old newspaper. Check your HonestDoor Price today at honestdoor.com - it takes about 30 seconds and it is free.

The So What: Should You Sell in Hillhurst This Summer?

If you own a condo in Hillhurst, the timing argument for selling this summer is strong. Prices are up, days on market are low, and buyers are paying close to full ask. You are sitting in the top 40 neighbourhoods in Calgary for condo growth. That is a good position to be in.

If you own a house, the picture is more nuanced. You are still in one of the most expensive house markets in Calgary - top 28 out of 220 neighbourhoods. But buyers have more leverage right now. They are taking 46 days to decide, and they are negotiating small discounts off list. That does not mean do not sell. It means price it right from day one. An overpriced house in a cooling market just sits there and gets stale.

Either way, your starting point should be your HonestDoor Price - not the city's assessment and not a gut feeling. Know your real number, then make the call.

How Hillhurst Stacks Up Against the Neighbours

Context matters when you are deciding whether to sell or hold. Here is a quick look at what is happening around us.

• Rosedale: Houses at an HD Price of $1,577,011 and condos at $361,921 - higher-priced houses but cheaper condos, with similar slow growth
• Hounsfield Heights Briar Hill: Houses at $1,336,116 and condos at $1,071,443 - growing slightly faster on houses, but condo prices there are actually declining
• Downtown West End: Houses at $3,502,436 - a completely different price tier - and condos at $303,292 with negative growth

Hillhurst condos are in a sweet spot. More affordable than Hounsfield Heights Briar Hill condos, growing faster, and selling faster. That combination is what buyers are responding to right now.

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.