Point Mckay, Calgary - September 2026 Real Estate Report

Point Mckay, Calgary: Your Home Is Worth Less Than The City Thinks - Here Is What To Do About It

If you have been glancing at your city assessment and feeling good about your property value, it is time for a reality check. The numbers on the ground in Point Mckay right now tell a slightly different story - and knowing the difference could save you from a bad decision this summer.

The Vibe: Houses vs. Condos in Point Mckay

Let us break down what is actually happening in our neighbourhood, because houses and condos are living in two very different worlds right now.

Houses - Taking a Breather

The house market in Point Mckay is cooling off. No sugarcoating it.

• Average sale price: $624,033 - down 0.4% from last month
• Active listings averaging: $622,450
• Price per square foot: $468
• Homes are selling at 98.98% of list price - buyers are negotiating, and winning
• Average days on market: 34 days
• Only 3 sales this month
• Predicted market value: $634,903 - already sliding below the 3-month average of $641,837
• Recent value change: -1.56%
• Rental yield: 5.37% - that is actually a strong number for landlords
• Estimated monthly rent: $3,065

Thirty-four days on market is not a crisis, but it is not a feeding frenzy either. Buyers have options. They know it. If your house is priced even slightly off, it sits. On the neighbourhood leaderboard, Point Mckay houses rank 181 out of 238 Calgary neighbourhoods for growth - that puts us in the below-average tier. Our neighbours in St Andrews Heights, Wildwood, and Parkdale are all outpacing us on price and growth right now.

Condos - Fast to Sell, But Prices Are Sliding

The condo story is a mixed bag. The good news - condos here move fast. The not-so-good news - prices dropped hard.

• Average sale price: $345,000 - down 30.7% from last month
• Active listings averaging: $349,000
• Price per square foot: $364
• Properties sold at 97.42% of list price - buyers are getting discounts here too
• Average days on market: 8 days - one of the fastest in Calgary
• Only 2 sales this month, down 33.3%
• Predicted market value: $433,706
• Rental yield: 3.95% - moderate, but workable
• Estimated monthly rent: $2,214

Eight days on market is genuinely fast - Point Mckay condos rank 5th out of 75 Calgary neighbourhoods for speed of sale. That means when a condo is priced right here, it goes. But that 30.7% month-over-month price drop is a small sample size story - only 2 sales - so do not panic. On the growth leaderboard, condos rank 145 out of 216 Calgary neighbourhoods. Below average, but the price rank tells a better story - 43rd out of 175, meaning we are still above average in condo pricing compared to most of the city.

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

Here is the thing about your city assessment - it is a snapshot from the past. The city looked at your property months ago, crunched some numbers, and mailed you a piece of paper. That is it. It does not know what happened to the market last month.

Right now in Point Mckay, the gap between those two numbers is telling a real story.

• Houses - Average city assessment: $646,040. Average HonestDoor Price: $641,218. The HonestDoor Price is 0.75% lower - and it is a live number, not a frozen one.
• Condos - Average city assessment: $466,058. Average HonestDoor Price: $426,974. That is an 8.39% gap. The city thinks your condo is worth significantly more than the real-world market does right now.

The HonestDoor Price updates in real time using actual transaction data. It is the number a buyer would actually negotiate around - not the number a government office calculated before the market started cooling. If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is your real-world check. The assessment is just paperwork.

The So What - Should You Sell in Point Mckay This Summer?

Straight talk: the window is tightening, but it has not closed.

For house sellers - you still have a predicted value of $634,903 and a rental yield of 5.37% working in your favour. But prices are trending down, the 3-month moving average is slipping, and buyers are landing below list price. If you are thinking about selling, pricing sharp from day one is not optional - it is the strategy. Overpricing by even 2% means you sit for weeks while buyers move on to Parkdale or St Andrews Heights, where they feel the neighbourhood momentum is stronger.

For condo sellers - the speed is on your side. Eight days on market means a well-priced condo here does not linger. But the assessed value is significantly above what buyers are actually paying. Do not let that $466,058 assessment anchor your expectations. The HonestDoor Price of $426,974 is closer to where deals are getting done. Price to that reality and you will move fast.

For everyone - with 18 total property transactions recorded in 2026 across both houses and condos, this is a low-volume market. Low volume means each sale moves the needle more. One strong sale can lift comparables. One weak one can drag them. Getting your pricing right matters more here than in a neighbourhood doing 80 sales a month.

Bottom line - Point Mckay is a solid, established neighbourhood with real rental income potential and fast-moving condos. But the market is not doing sellers any favours right now. Know your real number, price it right, and move with purpose.

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.