Monterey Park, Calgary - September 2026 Real Estate Report

Monterey Park, Calgary: Your City Assessment Is Lying To You (At Least For Houses)

If you own a home in Monterey Park and you've been feeling good about that city assessment notice, sit down for a second. The numbers on the ground tell a different story - and depending on whether you own a house or a condo, that story cuts in completely opposite directions.

The Vibe: Houses vs. Condos

Houses - Taking a Breather, But Still Moving

If you've been watching the "For Sale" signs in Monterey Park, here's what's actually happening with houses right now. The average sale price sits at $513,056, which is up 8.0% from last month. That sounds great. But dig a little deeper and the picture gets more nuanced.

• Average sale price: $513,056 (up 8.0% from last month)
• Average list price: $569,925
• Price per square foot: $399
• Sold-to-list ratio: 97.25% - buyers are negotiating below ask
• Average days on market: 30 days
• Properties sold this month: 9
• Predicted market value: $529,183
• Rental yield: 5.56%
• Estimated monthly rent: $2,612

Buyers are getting houses for about 2.75% under asking. That is real money - we're talking roughly $15,000 off the list price on an average deal. The predicted value of $529,183 is also sliding slightly below the 3-month moving average of $533,749, which tells us the market is catching its breath after a run-up. On the neighbourhood leaderboard, Monterey Park houses rank 134 out of 238 for growth - squarely below average in Calgary right now. Not alarming, but not a bragging stat either.

The good news for landlords? A 5.56% rental yield on a house is genuinely solid. If you're holding and not selling, the math on renting works in your favour.

Condos - A Different Story Entirely

We have to be straight with you: condo sales volume here is thin. One unit sold this month. That makes every number a snapshot, not a trend. But what we do see is interesting.

• Average sale price: $335,100
• Average list price: $342,500
• Price per square foot: $338
• Sold-to-list ratio: 95.33% - buyers are negotiating harder
• Average days on market: 58 days
• Predicted market value: $343,592
• Rental yield: 4.21%
• Estimated monthly rent: $1,568
• Year-over-year neighbourhood growth: 0.06%

Condos here are sitting on the market for 58 days on average - slower than houses, but still faster than nearby Pineridge at 85 days. That is actually a quiet win for us. On the growth leaderboard, Monterey Park condos rank 70 out of 216 neighbourhoods in Calgary - that puts us in the above-average tier, which is a better position than most people would guess. The predicted value of $343,592 also beats nearby Temple ($300,072) and Pineridge ($300,002), so we're holding a price premium over our neighbours.

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

Here is the thing about your city assessment. It is calculated using data that is already months - sometimes over a year - old by the time it lands in your mailbox. It does not know what happened on your street last Tuesday. The HonestDoor Price updates in real time, and right now it is telling a very different story depending on what you own.

For house owners, the average city assessment is $598,993. The average HonestDoor Price is $534,436. That is a gap of nearly $64,500 - and the HonestDoor Price is 10.78% lower than the assessed value. If you are using your assessment to decide whether to sell, refinance, or even just feel good about your net worth, you may be working with an inflated number. The real-world check says the market is pricing houses lower than the city thinks right now.

For condo owners, the situation flips completely. The average city assessment is $304,091. The HonestDoor Price is $357,792 - that is 17.66% higher than the assessed value, and it has grown 4.13% from the previous period. If you own a condo here and you are only looking at your assessment, you are underselling yourself. The market thinks your unit is worth significantly more than the city does.

Bottom line: do not let a static government number be the last word on what your property is worth. The HonestDoor Price is the real-world check.

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

If you are a house owner in Monterey Park thinking about listing this summer, here is the honest take. Prices popped 8.0% last month, but buyers are still negotiating - and the predicted value is drifting slightly downward from the 3-month average. You are not in a panic situation, but waiting for a bigger wave may not pay off. Listing sharp and pricing closer to the HonestDoor Price of $534,436 rather than the city assessment gives you a realistic anchor. Overpricing in a market where buyers are already getting 2.75% off asking is a fast way to sit on the market for 30-plus days.

If you own a condo and are thinking about selling, the low volume cuts both ways. There is not much competition from other sellers right now - only one unit sold this month. A well-presented condo priced around the HonestDoor Price of $357,792 could stand out simply because there is almost nothing else to look at. The 58-day average days-on-market means you need patience, but the price premium over Pineridge and Temple gives you a real story to tell buyers.

For anyone on the fence - whether to sell or hold - the 5.56% rental yield on houses is a legitimate reason to hold. That is a return that beats a lot of alternatives. Run the numbers before you decide.

• House HonestDoor Price: $534,436 (up 0.99%) - use this, not the $598,993 assessment
• Condo HonestDoor Price: $357,792 (up 4.13%) - significantly above the $304,091 assessment
• House rental yield: 5.56% - strong case for holding
• Condo growth rank: 70 out of 216 in Calgary - above average
• House growth rank: 134 out of 238 in Calgary - below average
• Total house transactions in 2026: 99 - a reasonably active market

Monterey Park is not the flashiest neighbourhood on the Calgary leaderboard right now, but it is far from a write-off. Know your real numbers, price honestly, and you will be in a much stronger position than the homeowner down the street still trusting a year-old assessment.

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.