Monterey Park, Calgary - October 2026 Real Estate Report
Monterey Park Real Estate Update: 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, it's time for a reality check. The numbers on the ground tell a different story - and knowing the difference could save you from a costly mistake, whether you're buying, selling, or just keeping score.
The Vibe: What's Actually Happening in Our Neighbourhood
Monterey Park is a tale of two property types right now, and we think it's worth breaking them down separately.
Houses: Prices Are Up, But Buyers Still Have the Edge
If you've been watching the "For Sale" signs on our streets, here's what's actually happening. The average house sale price sits at $562,271 - up 9.6% from last month. That sounds like a hot market, but dig a little deeper and the picture gets more nuanced. Homes are selling at 97% of list price, which means buyers are still negotiating. We're not in a bidding war frenzy here.
- Average sale price: $562,271 (up 9.6% from last month)
- Average listing price: $537,400
- Price per square foot: $444
- Average days on market: 34 days
- Properties sold last month: 7 (down 22.2%)
- Sale-to-list ratio: 97% - buyers are paying below asking
- Predicted market value: $534,565
- Estimated monthly rent: $2,634 with a 5.55% rental yield
That 34-day average on market is worth noting. Our days-on-market rank is 30 out of 82 comparable neighbourhoods in Calgary - meaning houses here move moderately fast. Not lightning quick, but not sitting either. On the neighbourhood growth leaderboard, we rank 70 out of 221 Calgary neighbourhoods. That puts us solidly above average. On price, we rank 191 out of 221 - which means we're one of the more affordable options in the city. For buyers, that's actually a good thing.
Condos: A Quiet Outperformer Worth Paying Attention To
The condo side of Monterey Park doesn't get as much attention, but it probably should. With only 1 sale last month and an average of 58 days on market, it's a slower-moving segment - but the growth numbers are turning heads. Our condo growth rate ranks 14 out of 207 Calgary neighbourhoods. That's top-tier performance, and most people in the neighbourhood have no idea.
- Average sale price: $335,100
- Average listing price: $342,500
- Price per square foot: $338
- Average days on market: 58 days
- Predicted market value: $357,454
- Estimated monthly rent: $1,614 with a 4.20% rental yield
- Year-over-year neighbourhood growth: 0.06%
- Growth rank: 14 out of 207 Calgary neighbourhoods - top performers
Condos here are also selling faster than nearby Pineridge, where buyers are waiting an average of 85 days. Our predicted condo value of $357,454 is also higher than both Pineridge ($294,529) and Temple ($299,057). If you own a condo in Monterey Park, you're sitting in a stronger position than your neighbours might realize.
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. The city assessed the average Monterey Park house at $598,935. But the average HonestDoor Price for houses here is $524,007. That's a gap of over $74,000. If you're pricing a home based on your assessment, you could be setting expectations that the actual market won't support.
For condos, it flips the other way. The average city assessment is $303,415, but the HonestDoor Price is $352,924 - about $49,500 higher. That means condo owners here may actually be underestimating what their unit is worth in today's market.
The HonestDoor Price is updated in real time using actual transaction data. Your city assessment gets updated once a year, at best. In a market that moved 9.6% in a single month on the house side, that lag matters. A lot. Think of the HonestDoor Price as your real-world check - the number that reflects what a buyer would actually put on the table today, not what a government formula calculated months ago.
The "So What?": Thinking About Selling This Summer?
If you're a homeowner in Monterey Park thinking about listing this summer, here's the straight talk.
On the house side, prices are up and demand is real - but with only 7 sales last month and buyers still negotiating below list, you need to price sharp. The sweet spot is somewhere between your HonestDoor Price of $524,007 and the recent average sale of $562,271. Overpricing based on your assessment could leave you sitting for 34-plus days while buyers shop around.
On the condo side, the market is slower - 58 days on market is not a quick flip. But with a growth rank of 14 out of 207 and a predicted value of $357,454 that's climbing above the 3-month average of $347,258, the trend is moving in the right direction. If you can hold a few more months, the data suggests you're not at the peak yet.
For anyone thinking about renting instead of selling, the numbers make a case for that too. Houses are pulling an estimated $2,634 per month with a 5.55% rental yield. That's a strong return by Calgary standards. Condos sit at $1,614 per month with a 4.20% yield - moderate, but steady.
Bottom line - Monterey Park is not a flashy market, but it's a solid one. We rank 51st in Calgary for total transaction volume, which means there's real activity here. Check your HonestDoor Price before you make any moves. It's the number that actually reflects what's happening on our streets right now.
monterey park | calgary | october 2026This 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.