Springbank Hill, Calgary - October 2026 Real Estate Report
Springbank Hill Real Estate Update: Strong Prices, But the Market Is Catching Its Breath
The Vibe Right Now
If you live in Springbank Hill and you've been watching the "For Sale" signs, here's the honest read: we're sitting in one of Calgary's priciest pockets, but the market is taking a breather. Prices are still high - we're talking top-25 in the entire city - but growth has slowed, and buyers have a little more room to negotiate than they did a year ago. Here's how houses and condos are playing out differently.
Houses: Still Expensive, Still Moving
The house market in Springbank Hill is holding up better than most. Sales are actually up 10.5% from last month, with 21 homes changing hands. That's real activity. The average sale price sits at $1,477,786, and homes are selling in about 24 days - which ranks us 21st fastest out of 82 Calgary neighbourhoods. That's not slow at all.
- Average sale price: $1,477,786 (up 1.4% from last month)
- Average listing price: $1,389,150
- Price per square foot: $561
- Sale-to-list ratio: 98.70% - buyers are paying just under asking
- Average days on market: 24
- HonestDoor Price: $1,239,652
- Predicted market value: $1,256,654
- Estimated monthly rent: $4,842
- Rental yield: 4.49%
One thing worth noting: homes are selling above the HonestDoor Price and the predicted market value. That gap tells you active buyers are still competing for good product here. The city's assessment pegs the average house at $1,220,474 - the real-world sale prices are running well ahead of that number.
The one soft spot? Our growth rate ranks 153rd out of 221 Calgary neighbourhoods. We're not leading the city in appreciation right now. Prices are high, but they're not climbing fast. That's the honest truth.
Condos: Taking a Bigger Breather
The condo side of Springbank Hill is a different story. Only 4 condos sold this period, and the HonestDoor Price has dipped 2.08% from the previous period. Values are trending slightly down against the 3-month moving average ($420,253 now vs. $422,222 average). It's not a freefall - but it's a cooling trend worth watching.
- Average sale price: $462,625
- Average listing price: $379,000
- Price per square foot: $417
- Sale-to-list ratio: 96.37% - buyers have real negotiating room
- Average days on market: 32
- HonestDoor Price: $411,503
- Predicted market value: $420,253
- Estimated monthly rent: $2,038
- Rental yield: 4.00%
The bright side: our condos are still selling faster than Aspen Woods (32 days vs. 42 days), and we rank 73rd out of 175 Calgary neighbourhoods on price - above average. But the city's condo assessment average of $346,003 is running almost $65,000 below the HonestDoor Price. That's a big gap, and it matters - more on that below.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about your city assessment: it's a snapshot from months ago, built on a formula that doesn't know what happened on your street last Tuesday. The average assessed value for houses in Springbank Hill is $1,220,474. The average HonestDoor Price is $1,239,652 - already 1.57% higher, and updated in real time.
For condos, the gap is even bigger. The city's average assessment is $346,003. The HonestDoor Price is $411,503 - that's 18.93% higher. If you're a condo owner using your assessment to make any financial decision right now, you're working with a number that's significantly out of date.
Your HonestDoor Price pulls from actual recent transactions, current listing data, and live market signals. It's the number that reflects what a buyer would actually put on the table today - not what a government formula calculated last year. Check yours before you do anything else.
So What Does This Mean If You're Thinking About Selling This Summer?
For house sellers, the timing is reasonable. Sales volume is up, days on market are low, and you're sitting in a top-25 price neighbourhood in Calgary. Buyers are paying close to asking - 98.70% of list price on average. You're not leaving a lot on the table if you price it right. The window is open, but price it sharp - buyers are informed and they have options.
For condo sellers, move with more caution. The market is softer, values have dipped slightly, and you're competing against nearby Discovery Ridge and Aspen Woods where some buyers are also looking. That said, you're still selling faster than Aspen Woods, and your price rank is above average for the city. A well-priced condo in good condition will move - it just won't move itself.
Either way, the smartest first step is the same: pull your HonestDoor Price, compare it to your assessment, and understand the real gap before you talk to anyone. That number is your starting point - not the city's.
- Springbank Hill house growth rank: 153 out of 221 Calgary neighbourhoods - below average on the leaderboard
- Springbank Hill condo growth rank: 104 out of 207 Calgary neighbourhoods - below average on the leaderboard
- House price rank: 25 out of 221 - near the top of the city
- Condo price rank: 73 out of 175 - above average for Calgary
- Total transactions in 2026: 148 houses, 25 condos
- Properties assessed this year: 3,044 houses, 553 condos
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.