Chilliwack Proper-Village West, Chilliwack - August 2026 Real Estate Report

Chilliwack Proper-Village West: More Activity Than You Think, But Prices Are Taking a Breather

If you live in Chilliwack Proper-Village West and you haven't checked your home's value lately, now is the time. The city's assessment number sitting on your tax notice is already out of date - and the gap between what the government thinks your home is worth and what buyers are actually paying is bigger than most people realize.

The Vibe: What's Happening With Houses and Condos Right Now

Let's break it down for us locals, because houses and condos are telling two slightly different stories this month.

Houses

The average house sale price this month is $665,000 - that's up 7.7% from last month, which is a real jump. Only 2 houses sold this month, so take that percentage with a grain of salt - a small number of sales can swing the average fast. Price per square foot is sitting around $593.

• Average assessed value: $741,904
• HonestDoor Price: $774,753
• Predicted market value: $782,530
• 3-month moving average: $779,074 (values are trending up slightly)
• Estimated rent: $3,505 per month
• Rental yield: 5.12% - that's a strong return for landlords
• 56 total property transactions in 2026
• Neighbourhood growth rank: 8 out of 9 in Chilliwack

That growth rank is the honest part we have to talk about. On the neighbourhood leaderboard, houses here sit near the bottom for price growth - 8th out of 9 comparable areas. Values have dipped 1.02% recently. The market isn't crashing, but it's not leading the pack either. Chilliwack Mountain and East Chilliwack-Southside are both priced higher. Even Sardisvedden is coming in above us on average sale price at $566,211 - though our $665,000 average this month beats that, again, with only 2 sales in the mix.

The bright spot? That rental yield of 5.12% is genuinely strong. If you're holding a house here as an investment, the income story is solid.

Condos

Condos are a different picture. We're the most affordable condo market in Chilliwack - price rank is 2 out of 2, meaning we sit at the bottom of the price ladder. That's not necessarily bad news. It means entry-level buyers and investors can still get in here without the price tags you'd see in other parts of the city.

• Average assessed value: $328,362
• HonestDoor Price: $371,628
• Predicted market value: $378,018
• 3-month moving average: $376,755 (also trending up slightly)
• Average sale price this month: $302,500 - down 2.6% from last month
• Price per square foot: $370
• Estimated rent: $1,843 per month
• Rental yield: 4.10% - moderate but workable
• 42 condo transactions in 2026
• Growth rank: 6 out of 9 in Chilliwack

Two condos sold this month, and the average price slipped 2.6%. The HonestDoor Price has also pulled back 1.69% from the previous period. The condo market here is taking a breather. That said, the predicted value of $378,018 is still running well above the assessed value of $328,362 - a gap of over $49,000. That matters.

The Secret Sauce: Your Assessment Is Already Stale

Here's the thing about that government assessment number. It's based on data from months ago - sometimes longer. It doesn't know what sold last week. It doesn't adjust for what buyers are actually offering right now.

For houses, the city has your average assessed value at $741,904. The HonestDoor Price is $774,753 - that's $32,849 higher, and it's updated in real time. For condos, the gap is even wider. Assessed at $328,362, but the HonestDoor Price is $371,628 - a difference of over $43,000, sitting 13.18% above the assessment.

If you're making any decision about your property - selling, refinancing, even just understanding your net worth - using the assessment alone means you're working with an incomplete picture. The HonestDoor Price is the real-world check against that static number.

One more thing worth noting: Chilliwack Proper-Village West ranks 1st in Chilliwack for total property transactions. More properties change hands here than anywhere else in the city. That kind of activity means real, current data - not guesswork.

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

If you're a homeowner here weighing a summer sale, here's the straight talk.

For house sellers - the predicted value of $782,530 is nudging above the 3-month average, which means the trend is still pointing up, even if growth has been slow. You're not in the hottest neighbourhood on the Chilliwack leaderboard, but you're in the most active one for transactions. Buyers are here. Pricing it right matters more than ever when growth is ranked 8th out of 9.

For condo sellers - you're in the most affordable segment of the market, which actually works in your favour with buyers who are being squeezed out of higher-priced areas. The predicted value of $378,018 is still climbing past the 3-month average of $376,755. But with values down 0.24% recently and the HonestDoor Price off 1.69% from last period, waiting too long hoping for a big run-up may not pay off.

Bottom line - check your HonestDoor Price before you list. The gap between what the city assessed your home at and what it's actually worth right now could change your entire strategy. In this neighbourhood, that gap is real money.

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.