Pine Creek, Calgary - September 2026 Real Estate Report

Pine Creek, Calgary: Your Home Is Probably Worth Less Than Your Tax Bill Says

If you have been glancing at your latest city assessment and feeling pretty good about yourself, hold on. The real-world numbers in Pine Creek tell a different story - and it is one every homeowner here needs to hear before making a move this summer.

The Vibe: What Is Actually Happening in Our Neighbourhood

Pine Creek is a tale of two markets right now, and where you sit depends entirely on what type of property you own.

Houses - Fast, Competitive, and Sellers Are Winning

If you own a house in Pine Creek, the market is working in your favour. The one house that sold this month went for $805,500 - that is 100.81% of list price, meaning the buyer paid above asking. Homes are sitting on the market for an average of just 10 days. That is not a slow burn. That is a sprint.

• Average sale price (houses): $805,500 - up 28.3% from last month
• Average list price this month: $799,000
• Price per square foot: $370
• Average days on market: 10 days
• Sale-to-list ratio: 100.81% - buyers are paying over ask
• HonestDoor predicted value: $592,845
• Estimated monthly rent: $2,758
• Rental yield: 5.47% - that is a strong return

On the neighbourhood leaderboard, Pine Creek houses rank 9 out of 82 Calgary neighbourhoods for days-on-market speed. That puts us near the very top for how fast homes move. Growth rate sits at 68 out of 238 - solidly above average. Price rank is 102 out of 220, which means we are in the upper half of Calgary for home values.

For context, the predicted house value of $592,845 is slightly ahead of nearby Belmont at $489,924. We are holding our own against the neighbours.

Condos - Taking a Breather, and the Numbers Show It

The condo side of Pine Creek is a different conversation. Values have dropped 5.25% recently, and the predicted market value of $841,049 is already sliding below the 3-month moving average of $866,289. That is a meaningful dip in a short window.

• HonestDoor Price (condos): $797,015 - down 5.24% from last period
• Predicted market value: $841,049
• 3-month moving average: $866,289 - values are trending down
• Estimated monthly rent: $3,170
• Rental yield: 3.65% - moderate, not spectacular
• Growth rank: 187 out of 216 Calgary neighbourhoods - bottom tier right now
• Transactions in 2026: 1

One transaction all year makes it hard to read the condo market here with confidence. But the direction of travel - down 5.25% with a growth rank of 187 out of 216 - is not something to ignore if you own a condo in Pine Creek.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is the number that should get your attention. The city's average assessed value for a Pine Creek property is $761,690. The average HonestDoor Price is $590,483. That is a gap of 22.48%.

What does that mean in plain language? The city's assessment - the number your property tax bill is based on - is running significantly higher than what the real-world market is actually pricing your home at right now. Assessments are snapshots from the past. They do not adjust in real time. The HonestDoor Price pulls from current market activity, recent sales, and live data to give you a number that reflects today, not last year.

If you are making any financial decision - refinancing, selling, buying out a partner, or just benchmarking your net worth - using the assessed value as your guide could lead you seriously astray. The HonestDoor Price is the real-world check. Use it.

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

If you own a house in Pine Creek and have been sitting on the fence, the case for moving this summer is real. Homes are selling in 10 days. Buyers are paying over list price. Listing inventory is tight enough that you have leverage. The window where sellers hold the cards does not stay open forever.

A few things to keep in mind before you plant that sign in the lawn:

• Price it sharp - list prices are averaging $799,000 and buyers are paying above that, but only when the price makes sense from the start
• Do not anchor to your assessed value of $761,690 - the HonestDoor Price of $590,483 is the more grounded starting point for your conversations with an agent
• If you are also renting out the property, a 5.47% yield is genuinely strong - factor that into whether selling or holding makes more sense for you
• Nearby Yorkville is priced slightly higher at $636,249 and Belmont is cheaper at $555,351 - Pine Creek sits in a competitive middle ground

If you own a condo, the honest advice is to watch closely for the next 60 to 90 days. A 5.25% drop with only one transaction on the books this year means the data is thin and the trend is soft. Selling into a quiet market with falling values is a tough spot. Know your HonestDoor Price, track the 3-month moving average, and do not make a rushed call.

Bottom line - Pine Creek is not one market. It is two. And knowing which one you are in changes everything about your next 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.