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

Chilliwack Proper-Village West: More Action Than You Think, But Prices Are Doing Their Own Thing

If you live in Chilliwack Proper-Village West and you've been wondering whether your home is worth more than the city thinks - the answer is almost certainly yes. Here's the real picture right now.

The Vibe: What's Actually Happening on Our Streets

We had 48 house transactions and 34 condo transactions recorded in 2026, and our neighbourhood holds the number 1 spot in Chilliwack for total transactions in both categories. That means more deals are happening here than anywhere else in the city. That's not nothing - it tells us buyers are still choosing our neighbourhood when they pull the trigger.

That said, prices are taking a breather. Here's the honest breakdown by property type.

Houses: Active Market, Soft Month

• Average HonestDoor Price: $780,978
• Predicted market value: $790,577 - up from the 3-month average of $772,233
• Recent average sale price: $640,000 - down 8.8% from last month
• Price per square foot: around $500
• Estimated rent: $3,530 per month
• Rental yield: 5.11% - that's a strong return
• Neighbourhood growth rank: 6 out of 9 in Chilliwack
• Price rank: 6 out of 9 in Chilliwack

One house sold this month, and the average sale price dropped hard. Don't panic over that number - one sale can swing an average wildly. What matters more is that the predicted market value is actually climbing above the 3-month trend. The trajectory for houses is pointing up, even if last month's single sale looks rough on paper.

Compared to our neighbours, we're sitting in the middle of the pack on price. Chilliwack Mountain houses are predicted at $721,071 in comparable data, while our predicted value sits at $790,577 - so we're holding our own. East Chilliwack-Southside and Sardisvedden are priced higher, but our transaction volume beats them all.

Condos: Affordable Entry Point, Moderate Momentum

• Average HonestDoor Price: $378,018
• Predicted market value: $378,927
• 3-month moving average: $382,434 - values are easing slightly
• Recent average sale price: $232,125 - down 30.5% from last month
• Price per square foot: around $233
• Estimated rent: $1,851 per month
• Rental yield: 4.10% - moderate but steady
• Price rank: 2 out of 2 - most affordable condos in Chilliwack
• Growth rank: 5 out of 9 in Chilliwack

Two condo sales this month, and that 30.5% drop in average sale price looks alarming until you remember that two sales is a tiny sample. What's more telling is that the HonestDoor Price is sitting 15.12% above the city's assessed value of $328,362. That gap is significant. If you own a condo here and you're relying on your tax assessment to understand what it's worth, you're likely underselling yourself by tens of thousands of dollars.

Our condos are the most affordable in Chilliwack right now. For buyers priced out of Sardisvedden ($464,595 average) or East Chilliwack-Southside ($566,295), we're the practical choice with real rental income potential.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the thing about BC assessments - they're a snapshot from July 1st of the previous year. By the time that number lands in your mailbox, it's already old news. The market doesn't wait for paperwork.

Right now in Chilliwack Proper-Village West, the HonestDoor Price for houses is $780,978 - that's 5.27% higher than the city's average assessed value of $741,904. For condos, the gap is even wider: $378,018 versus an assessed value of $328,362 - a 15.12% difference.

That gap is your real-world check. It's built from actual transaction data, current market signals, and real-time price movement - not a government formula that updates once a year. If you're making any financial decision about your property - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number that reflects what a buyer would actually pay today.

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

Here's the straight talk for anyone considering listing this summer.

For house owners - the predicted value is rising above the 3-month average, which is a green flag. Our neighbourhood leads Chilliwack in transaction volume, so buyers are active here. The rental yield of 5.11% also means investor buyers are paying attention. Pricing your home based on the city assessment alone could leave real money on the table. The HonestDoor Price of $780,978 is your smarter starting point for that conversation with your agent.

For condo owners - the predicted value is easing slightly against the 3-month average, so timing matters more here. The good news is that our condos are the most affordable in the city, which keeps the buyer pool wide. With a rental yield of 4.10% and an Airbnb rank of 9 in Chilliwack, investor interest exists but it's not driving a frenzy. A well-priced listing in the $370,000 to $380,000 range - anchored to the HonestDoor Price of $378,018 rather than the assessed value of $328,362 - puts you in a much stronger position than sellers who don't know that gap exists.

Bottom line: Chilliwack Proper-Village West is the busiest neighbourhood in Chilliwack by transaction count. Buyers are here. The question is whether your asking price reflects what the market actually says your home is worth - not what a year-old government number says it is.

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.