Kelvin Grove, Calgary - July 2026 Real Estate Report

Kelvin Grove Is Quietly One of Calgary's Best-Kept Real Estate Secrets Right Now

If you live in Kelvin Grove and you haven't checked your home's actual market value lately, you're probably sitting on more than you think. The city's assessment is one number. What buyers will actually pay is another. And right now, those two numbers are very far apart.

The Vibe: What's Happening on Our Streets

Houses - Sellers Are Winning

If you've been watching the "For Sale" signs in Kelvin Grove, here's what's actually happening with houses: they are gone in two days. The average days on market is 2 - that's not a typo. Homes are selling at 100.01% of list price, meaning buyers are paying over asking. That's a sellers' market, full stop.

• Average sale price: $800,000 - up 4.6% from last month
• Average listing price this month: $1,199,900
• Price per square foot: $428
• Properties sold at: 100.01% of list price (above asking)
• Homes sold this month: 2 - inventory is tight
• Average days on market: 2
• Predicted market value: $1,337,544
• 3-month moving average: $1,308,900 - values are climbing
• Estimated monthly rent: $5,071 with a rental yield of 4.28%
• Recent value change: 2.92%

On the neighbourhood leaderboard, Kelvin Grove houses rank 37 out of 233 Calgary neighbourhoods for growth - that puts us in the top 16% citywide. Days-on-market rank is 3 out of 76, meaning almost nowhere in Calgary sells faster. We're also ranked 97 out of 220 for price, sitting above average. That combination - fast sales, rising values, competitive pricing - is exactly what you want to see if you own here.

Compared to neighbours, we're priced slightly below Mayfair (predicted value $1,535,210) but slightly above Eagle Ridge ($1,288,800) in this segment. We're holding our own in good company.

Condos - Taking a Breather, But Still Moving Fast

The condo side of Kelvin Grove is a different story. Average sale prices dipped to $287,667 this month - down 28.6% from last month - and buyers are landing just under list price at 99.26%. That shift puts condos in cooling territory right now. But "cooling" doesn't mean "dead."

• Average sale price: $287,667 - down 28.6% from last month
• Average listing price this month: $406,000
• Price per square foot: $261
• Properties sold at: 99.26% of list price (just below asking)
• Condos sold this month: 3
• Average days on market: 16
• Predicted market value: $689,412
• 3-month moving average: $677,702 - values are still climbing
• Estimated monthly rent: $2,162 with a rental yield of 4.05%
• Recent value change: 3.59%

On the neighbourhood leaderboard, Kelvin Grove condos rank 30 out of 216 Calgary neighbourhoods for growth - top 14% citywide. Days-on-market rank is 14 out of 71, still very fast by Calgary standards. The predicted value of $689,412 is climbing past the 3-month average of $677,702, so the underlying trend is still positive even if this month's sales pulled back.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the number that should get your attention. The city assessed the average Kelvin Grove house at $1,229,705. The average HonestDoor Price is $1,328,961. That's a gap of over $99,000 - and the HonestDoor Price is 8.07% higher than what the city thinks your home is worth.

For condos, the gap is even more dramatic. City assessment average: $300,920. HonestDoor Price average: $673,508. That's 123.82% higher than the assessed value. The city's number is based on a snapshot in time. The HonestDoor Price is a real-world check built from current market activity - what buyers are actually paying right now, not what an assessor calculated months ago.

Yes, the HonestDoor Price has dipped slightly - down 0.64% for houses and 2.31% for condos from the previous period. That's worth knowing. But a small dip from a high number is still a high number. If you're making any financial decision based on your assessed value alone, you're working with incomplete information.

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

For house owners, the case for selling this summer is straightforward. Homes are moving in 2 days. Buyers are paying over list. The predicted value of $1,337,544 is above the 3-month average and still climbing. If you've been on the fence, this is the kind of market that rewards people who move first - before inventory picks up and buyers get more options.

For condo owners, the picture calls for a bit more strategy. The market is softer right now, but the predicted value of $689,412 is still well above the 3-month average, and the growth rank of 30 out of 216 tells us this neighbourhood isn't going backwards. Pricing sharp and presenting well will matter more this summer than it did six months ago.

Either way, the first step is the same: check your HonestDoor Price before you do anything else. The city's assessment is a starting point. Your HonestDoor Price is what the market is actually telling you today. In Kelvin Grove right now, those two numbers are very different - and knowing the difference could be worth a lot of money.

• Kelvin Grove house growth rank: 37 out of 233 Calgary neighbourhoods - top 16%
• Kelvin Grove condo growth rank: 30 out of 216 Calgary neighbourhoods - top 14%
• House days-on-market rank: 3 out of 76 - near the fastest in the city
• Average house rental estimate: $5,034 per month
• Average condo rental estimate: $2,136 per month
• Total house transactions in 2026: 12
• Total condo transactions in 2026: 7

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.