Monterey Park, Calgary - August 2026 Real Estate Report

Monterey Park, Calgary: Your Home Is Probably Worth Less Than The City Thinks

If you have been glancing at your latest city assessment and feeling pretty good about it, here is a reality check worth reading. The numbers on the ground in Monterey Park right now tell a different story - and knowing the difference could save you from a bad decision this summer.

The Vibe: What Is Actually Happening in Our Neighbourhood

Monterey Park is taking a breather. Growth came in flat at 0.00% year over year, and the HonestDoor Price for houses sits at $529,032 - down 0.66% from last period. That is not a crash, but it is a signal worth paying attention to. We are sitting at rank 168 out of 236 Calgary neighbourhoods for growth. Middle of the pack, leaning toward the lower half. Honest is better than optimistic when your money is on the line.

On the condo side, the story is a little brighter. The HonestDoor Price for condos is $343,592, up 0.69% from last period. Condo growth ranks 154 out of 216 - still below average, but at least it is moving in the right direction. We are also sitting above nearby competitors. Pineridge condos average $300,003 and Temple condos average $300,047. Monterey Park condos are holding a premium, and that matters if you are thinking about listing.

Houses vs. Condos - A Quick Breakdown

Houses are where the tension is right now. Here is what the numbers are telling us:

• Average sale price this month: $475,000 - down 14.5% from last month
• Average listing price: $449,900
• Price per square foot: $376
• Homes are selling in an average of 9 days - that is a days-on-market rank of 7 out of 77 in Calgary. Seriously fast.
• Buyers are paying 105.58% of list price on average - above asking
• HonestDoor predicted value: $532,556, down from a 3-month average of $537,142
• Rental yield on houses: 5.56% - that is a strong number for investors
• 89 total property transactions in 2026, ranking 52nd in Calgary for volume

So houses are selling fast and above list price, but the actual sale prices are sliding. That combination tells us demand is still there, but buyers are negotiating hard on where listings are priced. Price your house right and it moves in under two weeks. Price it wrong and you are chasing the market down.

Condos are a calmer picture, but slower to move:

• Average sale price: $335,100
• Average listing price: $342,500
• Price per square foot: $338
• Properties are sitting on the market for an average of 58 days - rank 50 out of 72 in Calgary for speed. Not fast.
• Buyers paid 95.33% of list price - below asking, which puts buyers in the driver seat
• HonestDoor predicted value: $341,252, down from a 3-month average of $348,456
• Rental yield on condos: 4.20% - moderate, but still positive
• Only 6 condo transactions in 2026 so far

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

Here is the thing about city assessments - they are a snapshot from the past. The City of Calgary assessed the average Monterey Park house at $598,993. The average HonestDoor Price is $529,032. That is an $69,961 gap. If you are pricing a listing, making a purchase offer, or just figuring out your net worth, using the city number is like navigating with last year's map.

The HonestDoor Price pulls in real-time sales data, current market trends, and actual comparable transactions. It updates continuously. Your city assessment does not. For houses, the HonestDoor Price is 11.68% lower than the assessed value. For condos, it flips - the HonestDoor Price of $343,592 is actually 12.99% higher than the assessed value of $304,091. That means condo owners are being under-assessed, and house owners may be over-assessed relative to what the market will actually pay today.

Knowing which side of that gap you are on is the difference between a smart move and an expensive mistake.

The So What - Should You Sell in Monterey Park This Summer?

If you own a house, the window is interesting but not wide open. Homes are moving in 9 days and buyers are still paying over list - that is the good news. The less good news is that prices have dropped 14.5% from last month and the HonestDoor predicted value is trending down from its 3-month average. This is not the peak. If you were going to sell, earlier in the season beats later right now.

Pricing strategy is everything. List sharp, not high. A house priced correctly in Monterey Park is selling in under two weeks. A house priced based on the city assessment - which is $70,000 above where the market actually sits - is going to sit and then get reduced. That is a worse outcome than just pricing it right from day one.

If you own a condo, be patient or be aggressive on price. Fifty-eight days on market is a long time, and buyers are getting discounts. If you need to sell this summer, price below the $342,500 average listing to stand out. If you can wait, the 0.69% growth trend and the premium over nearby neighbourhoods suggest the condo market here has more stability than the house market right now.

Either way, check your HonestDoor Price before you do anything. It is the real-world number - not the city's best guess from months ago.

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.