If you own a home in Mission and you haven't checked your HonestDoor Price lately, you're probably leaving a six-figure gap on the table - and not in a good way. The city's assessment is one number. The real world is a very different story.
If you've been watching the "For Sale" signs in Mission, here's what's actually happening with houses. The market is holding its ground. The average sale price sits at $1,063,500, and homes are selling in just 11 days on average. That's faster than Erlton next door, which is clocking 12 days. We're not in a frenzy, but we're not slow either.
That growth rank is worth paying attention to. Mission houses rank 11 out of 238 neighbourhoods in Calgary for growth. That puts us in the top 5% in the city. For days on market, we rank 10 out of 82 - meaning houses here sell faster than almost everywhere else. That's not luck. That's demand.
The condo side of Mission tells a slightly different story. Sales are active - 10 units moved this month, which ranks 7th in all of Calgary for total transactions. But the average sale price dropped 14.9% from last month to $402,240, and condos are sitting on the market for 45 days on average. That's slower than houses, but still faster than Beltline condos, which are averaging 56 days.
Condo growth ranks 20 out of 216 Calgary neighbourhoods. Still a top performer. The cooling in sale prices this month is worth watching, but the predicted value is trending upward from the 3-month moving average of $612,957. This market is taking a breather, not falling apart.
Here's the number that should make every Mission homeowner sit up straight. The city's average assessed value for a house in Mission is $1,017,744. The average HonestDoor Price is $1,208,644. That's an 18.76% gap - nearly $191,000 that the city's static assessment is not capturing.
For condos, it's even more dramatic. The average assessed value is $404,394. The HonestDoor Price is $596,391. That's a 47.48% difference. Almost half again as much value sitting there, unrecognized by the government number.
The city does its assessments once a year. The market moves every single day. The HonestDoor Price is updated in real time using actual transaction data, so it reflects what a buyer would actually pay right now - not what someone estimated last January. If you're making any financial decision based on your tax assessment alone, you're working with an outdated map.
Yes, the HonestDoor Price has dipped slightly - down 3.89% for houses and 1.80% for condos from the previous period. But even with that dip, it still sits well above the city's number. That gap is your real-world equity check.
Here's the straight talk for anyone considering listing in Mission this summer.
For house sellers, the timing is solid. Homes are selling in 11 days, buyers are paying 99.20% of list price, and Mission ranks in the top 5% of Calgary neighbourhoods for growth. You're not going to get a bidding war on every listing, but you're also not going to be sitting on the market for months. Price it right and it moves fast.
For condo sellers, go in with clear eyes. The sale price dipped this month and buyers are getting a small discount off list. That means your pricing strategy matters more right now. The good news is that the predicted value of $619,685 is still climbing, and Mission condos are moving faster than most of the surrounding area. Patience and smart pricing will get you there.
Either way, before you call an agent or set a price, check your HonestDoor Price first. It's the most current read on what your property is actually worth in today's market - not last year's market. In a neighbourhood where the real value is running nearly $191,000 ahead of the city's assessment for houses, that check could be the most valuable 30 seconds you spend this summer.
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.