University Heights, Calgary - August 2026 Real Estate Report

University Heights, Calgary: Your Home Is Worth More Than the City Thinks

If you live in University Heights and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment says the average home here is worth $1,120,255. The HonestDoor Price says $1,171,092. That is a $50,837 gap - and that gap matters when you are making decisions about selling, refinancing, or just figuring out where you actually stand.

The Vibe: What Is Happening in Our Neighbourhood Right Now

University Heights is a tale of two markets right now, and which side you are on depends entirely on what you own.

Houses - Fast, Expensive, and Still Moving

Houses here are not messing around. The one sale we saw in 2026 closed at $1,850,000 - and it sold in a single day on market. That is not a typo. One day. The sale-to-list ratio came in at 103.06%, meaning the buyer paid above asking. That is a sellers' market doing exactly what a sellers' market is supposed to do.

• Average sale price: $1,850,000
• Average list price this month: $1,795,000
• Price per square foot: $935
• Average days on market: 1
• Sale-to-list ratio: 103.06% - buyers paid over asking
• Days-on-market rank: 1 out of 77 neighbourhoods - the fastest in Calgary
• Price rank: 20 out of 220 - among the most expensive in the city

The honest caveat here is that the predicted market value for houses sits at $1,181,139, which is down slightly from the 3-month moving average of $1,203,787. Values have shifted -1.96% recently, and on the neighbourhood growth leaderboard, houses rank 194 out of 236. That puts us near the bottom of the pack for growth right now. The market is not crashing - it is taking a breather. But if you are a house owner thinking about timing, that number is worth watching.

For landlords, the rental picture is solid. Estimated rent comes in at $4,687 per month with a rental yield of 4.45%. Airbnb potential is around $233 per night, ranking 58th in Calgary for short-term rental income.

Condos - Quietly Climbing the Leaderboard

Here is the story nobody is talking about. Condo values in University Heights are actually moving up. The HonestDoor Price for condos is $970,991 - up 0.86% from last period. The predicted market value of $962,679 is increasing compared to the 3-month moving average of $948,813. And on the neighbourhood growth leaderboard, condos rank 21 out of 216. That puts us near the top of Calgary for condo value growth right now.

• Average HonestDoor Price: $970,991 - up 0.86%
• Average sale price: $277,500
• Average list price this month: $284,944
• Price per square foot: $297
• Average days on market: 28
• Sale-to-list ratio: 97.39% - buyers have a little room to negotiate
• Growth rank: 21 out of 216 - near the top in Calgary
• Estimated rent: $3,553 per month
• Rental yield: 3.32%

Compared to nearby neighbourhoods, University Heights condos are holding their own. St Andrews Heights condos are averaging $357,742 on HonestDoor but growing at -0.01%. University District condos sit at $580,553 but are declining at -0.15%. We are outperforming both of them on growth right now.

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

The city assesses your property once a year using data that is already months old by the time it lands in your mailbox. It is a snapshot of the past. The HonestDoor Price is updated in real time using actual market activity - recent sales, current listing trends, and what buyers are genuinely paying right now in University Heights.

For houses, the HonestDoor Price of $1,171,092 sits 4.54% above the average city assessment. That gap is not a rounding error. It is the difference between what the government thinks your home is worth and what a real buyer would actually pay today. If you are making any financial decision - selling, refinancing, or even just benchmarking your net worth - the city's number is the wrong starting point.

For condo owners, the HonestDoor Price of $970,991 is climbing while nearby neighbourhoods are sliding. That is real-time intelligence you are not getting from your annual assessment notice.

The So What: Should You Sell in University Heights This Summer?

For house owners, the case for selling this summer is strong - but the window matters. Homes here are selling in one day and closing above asking price. Buyers are motivated. But the growth rank of 194 out of 236 tells us that values are not accelerating the way they were. If you have been sitting on the fence, this summer gives you a fast market and premium pricing. Waiting for values to climb further is not a guaranteed play right now.

For condo owners, the picture is actually getting better. Values are up, growth ranks near the top of the city, and the 3-month trend is moving in the right direction. If you are not in a rush, holding through the summer while the market builds momentum could make sense. If you do want to sell, price it right - buyers here are paying 97.39% of list, so there is less room for wishful pricing than on the house side.

Either way, start with your HonestDoor Price - not the city's assessment. It is the real-world check that tells you where you actually stand before you make 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.