Pine Creek, Calgary - July 2026 Real Estate Report

Pine Creek, Calgary: Your Home Is Worth Less Than The City Thinks - And That Matters

If you have been watching the "For Sale" signs in Pine Creek lately, here is what is actually happening. The city has your home assessed at one number. The real world is saying something different. And if you are making any financial decisions based on that assessment, you need to read this first.

The Vibe: What Is Happening With Houses and Condos Right Now

Pine Creek is a tale of two property types right now, and the gap between them is worth paying attention to.

Houses - Taking a Breather

We are seeing houses cool off. The average sale price sits at $867,250, down 5.9% from last month. Listings are averaging $882,450, and buyers are paying about 98.5% of list price - meaning sellers are giving a little ground. With only 2 sales recorded and homes sitting on the market for an average of 38 days, this is not a panic situation, but it is not a seller's paradise either. The good news? Our 38-day average still beats nearby Belmont at 50 days, so demand here is holding up better than some neighbours.

• Average sale price: $867,250 (down 5.9% from last month)
• Average list price: $882,450
• Sale-to-list ratio: 98.5%
• Average days on market: 38 days
• Price per square foot: $422
• Properties sold in 2026: 2 (houses), 27 total transactions across all property types
• Growth rank: 74 out of 233 Calgary neighbourhoods - above average
• Price rank: 72 out of 220 Calgary neighbourhoods - above average

Condos - A Different Story Entirely

Condos in Pine Creek are actually moving in the opposite direction. The HonestDoor Price for condos is up 2.01% to $887,644, and the predicted market value of $870,173 is climbing above the 3-month moving average of $833,031. That is real upward momentum. Condo growth here ranks 17 out of 216 comparable Calgary neighbourhoods - that puts us in the top tier of the city. If you own a condo in Pine Creek, you are sitting in a strong spot right now.

• Average HonestDoor Price (condos): $887,644 (up 2.01%)
• Predicted market value: $870,173
• 3-month moving average: $833,031
• Recent value change: 4.75%
• Rental estimate: $3,324 per month
• Rental yield: 3.65%
• Airbnb estimate: $164 per night
• Condo growth rank: 17 out of 216 Calgary neighbourhoods - top performer

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the part that should get your attention. The city has the average Pine Creek home assessed at $761,690. The average HonestDoor Price is $591,259. That is a gap of 22.38% - and it is not a rounding error.

Government assessments are snapshots frozen in time. They are based on data that can be 12 to 18 months old by the time it lands in your mailbox. The market does not wait for paperwork. The HonestDoor Price pulls from real-world, current transaction data to give you a live read on what your property is actually worth today - not what a formula calculated last year.

For houses specifically, the HonestDoor Price sits at $591,259 - down 1.13% from the previous period. The predicted market value for houses is $597,992, which is actually trending up from the 3-month moving average of $589,628. So while the short-term dip is real, the underlying trajectory for houses is still pointing upward. That is a nuance the city assessment will never show you.

For renters and investors, the numbers are also worth noting. Houses are pulling an estimated $2,774 per month in rent with a rental yield of 5.46%. That is a strong return. Condos sit at $3,213 per month with a 3.65% yield - solid, but a different risk-return profile. Knowing your real market value is the starting point for any of these calculations to make sense.

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

If you are a house owner in Pine Creek and you are thinking about listing this summer, here is the honest take. The market is softer than it was. Prices are down month-over-month, buyers are negotiating, and you need to price sharp from day one. Overpricing based on that city assessment - which sits $170,000 above the HonestDoor Price - is the fastest way to sit on the market and eventually cut your price anyway.

The sellers who will win this summer are the ones who come in priced at reality, not at what the assessment says. Homes here are still selling faster than Belmont, and the growth rank of 74 out of 233 means Pine Creek is holding its own in the Calgary pecking order. But this is not the market where you can test the ceiling and expect a bidding war.

If you own a condo here, the calculus is different. With values up 4.75% recently and a top-17 growth ranking in the city, you have momentum on your side. Waiting a few more months to see if that trend holds could work in your favour.

Either way - check your HonestDoor Price before you do anything. It is the real-world check that the city assessment simply cannot give you.

• House HonestDoor Price: $591,259 (down 1.13%)
• City assessed value: $761,690 - that is a $170,431 gap
• Condo HonestDoor Price: $887,644 (up 2.01%)
• Nearby comparison - Belmont houses: $482,507 (Pine Creek is priced higher)
• Nearby comparison - Yorkville: $642,291 (slightly above Pine Creek)
• 429 properties assessed in Pine Creek this year

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.