Penbrooke Meadows, Calgary - September 2026 Real Estate Report

Penbrooke Meadows Real Talk: Solid Value, But the Market Is Sending Mixed Signals

If you own a home in Penbrooke Meadows and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment and what buyers are actually paying are telling two different stories - and the gap matters for your wallet.

The Vibe: Houses vs. Condos

Houses - Strong Demand, But Don't Get Too Comfortable

Here's the headline for us house owners: the average sale price hit $550,194 this period, up 38.7% from last month. That sounds incredible, but keep in mind only 2 properties sold, so one strong sale can swing that number hard. What's more telling is that those homes sold for 106.3% of list price. Buyers are still competing and paying over ask. That's a real signal.

The flip side? Homes are sitting for an average of 55 days. That's slower than Applewood Park at 43 days. We're not in a frenzy - we're in a market where the right price gets a bidding war, but an overpriced listing just sits.

• Average sale price: $550,194
• Average list price: $490,000
• Sold at 106.3% of list price - buyers are paying over ask
• Price per square foot: $507
• Average days on market: 55
• Predicted market value (HonestDoor): $460,492
• Estimated monthly rent: $2,352 - rental yield of 5.71%
• Growth rank: 163 out of 238 Calgary neighbourhoods
• Price rank: 198 out of 220 - among the most affordable in Calgary

The predicted market value of $460,492 is actually dipping slightly below the 3-month moving average of $464,679. Values are down 1.11% recently. The market isn't crashing - it's taking a breather. But that breather is worth watching.

Condos - Affordable Entry Point, Buyers Have the Upper Hand

Our condo market is a different animal right now. One unit sold at $168,500, which is 91.38% of the list price. Buyers are negotiating below ask. That's a buyers' market, plain and simple. Condos are also sitting for 63 days on average - longer than both Applewood Park and Red Carpet.

The good news? Penbrooke Meadows condos are holding their own on value compared to neighbours. Our HonestDoor Price of $241,169 beats Red Carpet ($165,588) and Applewood Park ($178,390) by a wide margin. We're one of the pricier condo options in the immediate area, which reflects the quality of what's here.

• Average sale price: $168,500
• Average list price: $184,400
• Sold at 91.38% of list price - buyers are negotiating down
• Price per square foot: $269
• Average days on market: 63
• Predicted market value (HonestDoor): $253,329
• Estimated monthly rent: $1,356 - rental yield of 4.26%
• Condo growth rank: 78 out of 216 Calgary neighbourhoods - above average
• Price rank: 171 out of 175 - among the most affordable in Calgary

Condo values are essentially flat - up just 0.34% recently - but the growth rank of 78 out of 216 puts us in above-average territory for condos across Calgary. That's a quiet win that doesn't get enough attention.

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

The city assessed the average Penbrooke Meadows house at $467,512. The average HonestDoor Price is $458,799. That's a $8,713 gap - and it's not a rounding error. The city's assessment is a snapshot from months ago. The HonestDoor Price pulls in real-time sales data, current market movement, and what buyers are actually doing right now.

For condos, the gap is even bigger. The city's average assessed value is $288,519. The HonestDoor Price is $241,169. That's a 16.41% difference. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the city's number is like navigating with an old map.

The HonestDoor Price is your real-world check. It's what the market is saying today, not what a government office calculated last year.

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

For house sellers, the window is open but it's not wide open. Buyers are still paying over list price when a home is priced right - that 106.3% sold-to-list ratio is proof. But with only 2 sales and 55 days on market, you can't just throw a number on it and hope. Price it sharp, and you'll likely see competition. Price it high, and you'll be watching it sit while Applewood Park listings move faster.

For condo sellers, be realistic. The market is telling you that buyers have options and they know it. Condos are selling below list and taking over two months to move. If you need to sell this summer, price it to move. If you can wait, the condo growth rank of 78 out of 216 suggests the fundamentals here are decent for the long game.

Either way, check your HonestDoor Price before you do anything. With 2,166 houses and 552 condos assessed in Penbrooke Meadows this year, and 101 total transactions in 2026, there's enough real data to give you a number you can actually trust - not one that's already six months stale.

• Neighbourhood-wide growth: 0.03% year over year for houses, 0.11% for condos
• Total transactions in 2026: 101 - ranks 53rd in Calgary for activity
• Average rental income (house): $2,344 per month
• Average rental income (condo): $1,293 per month
• Airbnb potential (house): $117 per night
• Airbnb potential (condo): $64 per night

Bottom line - Penbrooke Meadows is one of Calgary's most affordable neighbourhoods, and that's not a knock. It means buyers can still get in, renters keep demand steady, and sellers who price correctly are still winning. Know your number. Use the HonestDoor Price. Then make your move.

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.