Mount Pleasant, Calgary - August 2026 Real Estate Report

Mount Pleasant Real Estate: The Market Is Taking a Breather - Here Is What You Need to Know

If you have been watching the "For Sale" signs on your block and wondering what is actually going on, here is the straight answer: Mount Pleasant is cooling off. Not crashing - just taking a breather. Prices are softer, homes are sitting longer, and buyers have a little more power than they did a few months ago. That matters whether you are thinking about selling, renting, or just keeping tabs on your biggest asset.

The Vibe: Houses vs. Condos in Mount Pleasant

Houses - Still Strong, But the Wind Has Shifted

We are seeing average house sale prices come in at $793,500 this month - down 7.2% from last month. That is a notable dip. Listings are sitting at $801,740 on average, and homes are selling for about 99% of list price, which means buyers are not overpaying anymore. They are negotiating, and they are winning small.

• Average sale price: $793,500 (down 7.2% from last month)
• Average list price: $801,740
• Price per square foot: $447
• Sale-to-list ratio: 99.02% - buyers are paying just under asking
• Average days on market: 40 days
• Properties sold this month: 5
• HonestDoor predicted value: $894,197
• 3-month moving average: $895,863 - values are edging down
• Rental yield: 4.93% - solid, moderate returns
• Estimated monthly rent: $3,867

Forty days on market is worth paying attention to. Our neighbours in Tuxedo Park are moving homes in 26 days. That gap tells us buyers in Mount Pleasant have options and are not rushing. On the neighbourhood leaderboard, our house growth rate ranks 142 out of 236 Calgary neighbourhoods - below average. Price rank is 69 out of 220, which means we are still in the upper tier for value. That is a decent position to be in, even if momentum has slowed.

Condos - A Tougher Stretch Right Now

The condo side of our market is having a rougher go of it. Only one condo sold this month, and the average sale price dropped to $227,500 - down 33.5% from last month. One sale does not make a trend, but it does make a data point worth watching. Condos are sitting on the market for 68 days on average, which is slow by any measure.

• Average sale price: $227,500 (down 33.5% from last month)
• Average list price: $239,900
• Price per square foot: $325
• Sale-to-list ratio: 94.83% - buyers are getting meaningful discounts
• Average days on market: 68 days
• Properties sold this month: 1
• HonestDoor predicted value: $410,289
• 3-month moving average: $413,374 - trending down slightly
• Rental yield: 3.99% - moderate
• Estimated monthly rent: $2,025

Here is the silver lining for condo owners: the HonestDoor Price of $410,289 is 17.41% higher than the average city assessment of $342,738. That gap is significant. On the neighbourhood leaderboard, condo growth ranks 71 out of 216 Calgary neighbourhoods - above average. So while sales activity is quiet, underlying value is holding up better than the raw sales numbers suggest.

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

Here is something most homeowners do not realize: the city assessment on your property is a snapshot from the past. It is calculated using data that can be months - sometimes over a year - old by the time it lands in your mailbox. The market does not wait for paperwork.

For houses in Mount Pleasant, the average city assessment sits at $885,789. The average HonestDoor Price is $892,279 - already 0.73% higher than what the city says your home is worth. For condos, the gap is even bigger. The average city assessment is $342,738, but the HonestDoor Price is $402,403 - that is 17.41% more. If you are making any financial decision based only on your tax assessment, you are working with an incomplete picture.

The HonestDoor Price updates in real time using actual transaction data. It is the real-world check against a static government number. If you have not looked yours up recently, now is the time - especially with values shifting month to month.

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

If selling is on your mind, here is the honest take.

For house sellers: you are not in a bad spot, but you need to be sharp. Homes are taking 40 days to sell and buyers are negotiating. Pricing at or just under the HonestDoor predicted value of $894,197 gives you a credible anchor that buyers can verify themselves. Overpricing right now will cost you time, and time on market sends the wrong signal. With 119 transactions recorded in 2026 across the neighbourhood and 2,149 assessed properties, there is a real and active market here - it just rewards realistic pricing.

For condo sellers: patience is the word. With only one sale this month and 68 days on market, you are competing for a smaller pool of buyers. The good news is your HonestDoor Price likely reflects more value than your assessment shows. Use that number as your starting point for conversations with your agent, not the assessed value.

For both: Mount Pleasant's overall neighbourhood growth is 0.04% year over year for houses. That is not explosive, but it is positive. We are not in freefall - we are in a recalibration. Sellers who price honestly and move quickly will do fine. Those who chase last year's peak numbers will sit and wait.

Bottom line - Mount Pleasant is still a solid place to own. The HonestDoor Price is your best real-time read on what that ownership is actually worth today.

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.