Legacy, Calgary - September 2026 Real Estate Report

Legacy, Calgary Real Estate: Your Home Is Probably Worth Less Than The City Thinks

If you have been watching the "For Sale" signs pop up around Legacy this season, here is what is actually happening. The city's assessment says one thing. The market is doing another. And the gap between those two numbers is where things get interesting for anyone thinking about buying, selling, or just keeping score on their biggest asset.

The Vibe: Houses vs. Condos in Legacy Right Now

Houses - Taking a Breather

We are seeing houses cool off. The average sale price sits at $675,494, but that is down 4.5% from last month. Listings are averaging $665,692, and buyers are landing deals at about 98.35% of list price - meaning sellers are giving a little ground. That is not a crash. It is a negotiation shift. Buyers have slightly more leverage than they did a few months ago.

• Average sale price: $675,494 (down 4.5% from last month)
• Average list price: $665,692
• Price per square foot: $362
• Sale-to-list ratio: 98.35% - buyers are paying below ask
• 25 homes sold this month
• Average days on market: 29 days

That 29-day average is worth noting. Walden next door is sitting at 36 days. So while our house market is cooling slightly on price, homes here are still moving faster than some of our neighbours. Demand has not disappeared - it has just become more selective.

On the leaderboard, Legacy houses rank 97 out of 238 Calgary neighbourhoods for growth. That puts us solidly above average. Not leading the pack, but not falling behind either.

Condos - A Small Market With Big Swings

The condo story is trickier. Only 3 units sold this month - up 50% from last month, but that math is easy when the numbers are this small. The average sale price jumped to $266,143, up 18.3% month over month. Do not get too excited. With a sample size of 3, one unusual sale moves the whole average. The real signal is that condos are sitting on the market for 53 days, compared to 36 days in Walden. That is a slower burn.

• Average sale price: $266,143 (up 18.3% from last month)
• Average list price: $305,000
• Price per square foot: $331
• Sale-to-list ratio: 96.45% - buyers are negotiating harder here
• 3 condos sold this month
• Average days on market: 53 days

Legacy condos rank 85 out of 216 Calgary neighbourhoods for growth - above average. But the days-on-market rank of 46 out of 75 tells us these units are on the slower side of the Calgary condo market. Patience is required if you are selling.

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

Here is the thing about your city assessment. It is a snapshot from months ago, built on a formula that does not know what happened on your street last Tuesday. It is a tax tool, not a selling tool.

For Legacy houses, the average city assessment is $717,549. The average HonestDoor Price is $644,197. That is a $73,000 gap. If you walked into a listing conversation using the assessment as your anchor, you would be starting in the wrong place. The HonestDoor Price updates in real time using actual market activity. It is the number that reflects what a real buyer would actually put on paper today.

The HonestDoor Price for houses is up 0.63% from the previous period. Slow, but moving in the right direction. The predicted market value for houses sits at $640,176, which is slightly below the 3-month moving average of $643,021. The market is easing, not collapsing.

For condos, the picture flips slightly. The average city assessment is $312,142. The HonestDoor Price is $313,215 - almost identical, and actually 0.34% above the assessment. But the HonestDoor Price has dipped 2.29% from the previous period. That is a signal worth watching if you own a condo in Legacy and are thinking about timing a sale.

• House HonestDoor Price: $644,197 - up 0.63%, but $73,352 below the city assessment
• Condo HonestDoor Price: $313,215 - down 2.29%, nearly matching the city assessment
• House rental yield: 5.36% - strong returns for investors
• Condo rental yield: 4.19% - moderate, but still positive
• House rental estimate: $3,010 per month
• Condo rental estimate: $1,621 per month

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

If you own a house in Legacy and are eyeing a summer sale, the window is open but it is not wide open. Prices are softer than last month. Buyers are negotiating. But 29 days on market and 25 sales this month tells us there is real activity here. Price it right from day one and you will find a buyer. Price it based on the city assessment and you will sit.

The HonestDoor Price of $644,197 is your real-world starting point for a house. Not $717,549. Use the right number and you avoid the painful price reduction conversation three weeks in.

If you own a condo, be honest with yourself. Fifty-three days on market, a HonestDoor Price that is slipping, and only 3 sales this month means competition is real and buyers have options. Legacy condos are among the most affordable in Calgary - ranking 151 out of 175 on price. That is a selling point for the right buyer, but you need to market it that way.

One more thing worth knowing. Legacy clocked 133 property transactions in 2026 across all property types, ranking 34th in Calgary for total transaction volume. This is an active neighbourhood. People want to be here. The fundamentals are solid. The market is just asking everyone to be a little more realistic about price right now - and that is not a bad thing. It is just the market doing its job.

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.