Monterey Park, Calgary - June 2026 Real Estate Report

Monterey Park, Calgary: Your House Is Worth Less Than the City Thinks

If you have been glancing at your city assessment and feeling pretty good about your property value, it is time for a reality check. The numbers on the ground in Monterey Park right now tell a different story - and knowing the difference could save you from a costly mistake this summer.

The Vibe: What Is Actually Happening in Our Neighbourhood

Monterey Park is a tale of two property types right now, and they are moving in opposite directions. Here is the honest breakdown for us locals.

Houses: Taking a Breather

The house market here is cooling off. Average sale prices sit at $511,833 - down 11.2% from last month. Only 6 homes sold this month, which is 14.3% fewer than the month before. Listings are sitting at an average ask of $484,900, and buyers are paying about 99% of list price. That sounds close, but the direction matters. Prices are sliding.

• Average sale price: $511,833 (down 11.2% month over month)
• Active listing average: $484,900
• Price per square foot: $338
• Average days on market: 16 days
• Homes sold this month: 6
• Sale-to-list ratio: 99.07%

The silver lining? Sixteen days on market is genuinely fast. Our days-on-market rank is 13 out of 74 comparable neighbourhoods in Calgary. When a house is priced right here, it moves. The problem is that "priced right" is a moving target right now, and it is moving downward.

On the leaderboard, our house growth rate ranks 97 out of 233 Calgary neighbourhoods - solidly above average. But the 3-month moving average for predicted values is dipping from $542,272 down to $539,183, so we are not accelerating. We are coasting. Rental yield for houses sits at a healthy 5.54%, which is worth noting if you are thinking about holding rather than selling.

Condos: A Weird Month, But Do Not Get Too Excited

Condo numbers look flashy on the surface - average sale price up 23.6% from last month to $335,100. But pump the brakes. Only 1 condo sold this month. One sale does not make a trend. It makes a data point.

• Average sale price: $335,100 (up 23.6% month over month - based on 1 sale)
• Active listing average: $342,500
• Price per square foot: $338
• Average days on market: 58 days
• Sale-to-list ratio: 95.33%

Condos here are sitting for 58 days on average, and our days-on-market rank for condos is 50 out of 66 - that is slow. Buyers are also negotiating harder, paying only 95.33% of list price. The condo growth rate ranks 164 out of 211 Calgary neighbourhoods, which puts us in below-average territory. The 3-month moving average is also sliding, from $360,813 down to $352,480. The trend is not your friend here right now.

The one bright spot for condo owners: our HonestDoor Price of $351,635 is actually 15.63% higher than the average city assessment of $304,091. So if you own a condo in Monterey Park, the real-world market is valuing it above what the city says. That is useful information.

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

Here is the thing about city assessments - they are snapshots from the past. The city assessed Monterey Park houses at an average of $598,993. But the HonestDoor Price for houses is $538,709. That is a gap of over $60,000, and the HonestDoor Price is 10.06% lower than the city average.

That gap is not a glitch. It is the market talking. If you are a house owner here and you are making financial decisions - refinancing, selling, or even just benchmarking your net worth - using the city assessment number means you are working with a figure that is potentially $60,000 too high.

The HonestDoor Price updates in real time, pulling from actual transaction data and current market signals. Your tax assessment does not do that. It is a once-a-year number built on data that is already months old by the time it lands in your mailbox. In a market that moved 11.2% in a single month, that lag matters.

With 2,512 properties assessed in the neighbourhood and 66 total transactions recorded in 2026, there is enough data here to give you a real picture. Use it.

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

If you own a house in Monterey Park and you are thinking about listing this summer, here is the straight talk.

The good news: homes that are priced correctly are still selling in about 16 days. Buyers are still here. The neighbourhood ranks above average for growth in Calgary, and a rental yield of 5.54% means investors are paying attention to this area.

The caution: prices are sliding month over month, and your city assessment is likely overstating what the market will actually pay. Price your home based on the HonestDoor Price range - around $538,000 to $539,000 for houses - not the $598,993 assessment. Sellers who anchor to the assessment number are going to sit on the market and eventually chase the price down anyway. Get ahead of it.

For condo owners, patience is the word. With 58 average days on market and a below-average growth rank, this is not the moment to rush a listing. If you need to sell, price aggressively. If you can wait, the rental yield and the fact that your HonestDoor Price beats your assessment give you options.

One more thing worth watching: our neighbours in Pineridge and Temple are cheaper and growing faster on both houses and condos. That kind of comparison is exactly what buyers are making right now. Pricing competitively is not optional this summer - it is the whole game.

• House HonestDoor Price: $538,709 (down 0.09% recently)
• Condo HonestDoor Price: $351,635 (down 0.24% recently)
• House rental yield: 5.54%
• Condo rental yield: 4.19%
• Neighbourhood growth rank (houses): 97 out of 233 Calgary neighbourhoods
• Total transactions in 2026: 66

Bottom line: Monterey Park is still a solid neighbourhood with real demand. But this summer belongs to sellers who price with current data - not last year's assessment letter.

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.