Monterey Park, Calgary - July 2026 Real Estate Report

Monterey Park Real Talk: Your City Assessment Is Lying to You

If you own a home in Monterey Park and you're still going off your city assessment to figure out what your place is worth, stop. The numbers have drifted - and depending on whether you own a house or a condo, the gap tells a very different story.

The Vibe: Houses vs. Condos in Monterey Park Right Now

Houses

We're seeing something interesting on the house side. The average sale price hit $555,312 this month - that's up 10.2% from last month, which sounds great. But hold on. Buyers are still paying only 96.5% of list price on average, and homes are sitting on the market for 36 days. Compare that to Pineridge next door where houses are moving in 24 days, and it's clear our market is taking a breather. Rising prices with slower sales usually means sellers are still testing the ceiling, but buyers aren't biting at full ask.

• Average sale price: $555,312 (up 10.2% from last month)
• Average list price: $599,700
• Price per square foot: $396
• Sale-to-list ratio: 96.5% - buyers are negotiating
• Average days on market: 36
• Properties sold in 2026: 86 total transactions
• Growth rank: 174 out of 233 Calgary neighbourhoods
• Price rank: 184 out of 220 - among the most affordable in Calgary

The HonestDoor predicted value for houses sits at $538,709, which is nudging up from the 3-month moving average of $536,578. That's a slow but steady climb. Rental yield is 5.54% - that's a solid return if you're thinking about this as an investment property. Estimated rent comes in at $2,651 per month.

Condos

The condo picture is a bit quieter. Only one unit sold this month, and it sat on the market for 58 days. That's slow by any measure - our condo days-on-market ranks 51 out of 71 Calgary neighbourhoods, meaning most other areas are moving condos faster than us. The average sale price of $335,100 is holding steady, and buyers paid 95.33% of list, so there's room to negotiate here too.

• Average sale price: $335,100
• Average list price: $342,500
• Price per square foot: $338
• Sale-to-list ratio: 95.33%
• Average days on market: 58
• Properties sold in 2026: 5 total transactions
• Growth rank: 104 out of 216 Calgary neighbourhoods - above average
• Price rank: 108 out of 173 - below average in price

The HonestDoor predicted value for condos is $351,635, which is actually pulling back slightly from the 3-month moving average of $353,083. Rental yield is 4.20% with estimated rent at $1,578 per month - moderate returns, but still positive. Compared to nearby Pineridge and Temple, our condos are priced higher and growing at a comparable or faster pace.

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

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. In Monterey Park, the gap between what the city thinks your house is worth and what it would actually sell for today is significant.

For houses, the average city assessment is $598,993. The average HonestDoor Price is $532,069. That's an 11.17% gap. If you're a seller pricing off your assessment, you could be setting expectations too high and watching your listing go stale - just like those 36-day average sits we're seeing right now.

For condos, the story flips. The city assessed condos at an average of $304,091, but the HonestDoor Price is $341,252 - that's 12.22% higher than the city's number. If you own a condo and you're using the assessment as your benchmark, you're actually underselling yourself before you even list.

The HonestDoor Price updates in real time using actual transaction data. It's the real-world check against a number the city calculated months ago from a desk. Use it.

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

If you're a house owner in Monterey Park eyeing a summer sale, the conditions are mixed but workable. Prices are up month-over-month, which is good news. But buyers are negotiating, homes are taking longer to sell than nearby neighbourhoods, and our growth rank of 174 out of 233 puts us in the lower half of the Calgary leaderboard. That doesn't mean don't sell - it means price it right from day one. Overpricing based on your assessment is the fastest way to sit on the market through July and August.

If you own a condo, be patient and be strategic. The market is slow - one sale this month tells you there isn't a lineup of buyers. But your HonestDoor Price is actually above the city assessment, which means you have more equity than you might think. A well-priced listing with good photos and a realistic timeline can still get done.

Either way, the smartest move right now is to check your HonestDoor Price before you call an agent, before you set a number in your head, and definitely before you assume the city's assessment reflects what someone will actually hand you a cheque for in 2025.

• Average rental estimate (all properties): $2,623 per month
• Average Airbnb estimate: $130 per night
• Total properties assessed this year: 2,512 houses, 219 condos
• Neighbourhood year-over-year growth: flat for houses, 0.06% for condos

Monterey Park is a stable, affordable corner of Calgary. It's not the flashiest market, but it's real, it's livable, and if you know your actual numbers - not the city's numbers - you can make smart moves here.

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.