Fairfield, Victoria - July 2026 Real Estate Report

Fairfield, Victoria: What Your Home Is Actually Worth Right Now

If you live in Fairfield and you're still quoting your BC Assessment number at dinner parties, it's time for an update. The real picture is more interesting - and more valuable - than the government's paperwork suggests.

The Vibe: What's Happening on Our Streets

Houses

Let's be straight with each other. The house market in Fairfield is taking a breather. The average sale price sits at $864,000 this month, down 28.9% from last month, and homes are sitting on the market for an average of 76 days. That's longer than Rockland (41 days) and longer than Harris Green (54 days). Only 1 house sold in Fairfield in the period we're looking at, and buyers are paying around 91% of the asking price. Sellers are negotiating. That's the reality.

The good news? The predicted market value for a Fairfield house is $1,529,823 - and that number is climbing, up from a 3-month moving average of $1,510,517. So while the short-term sales data is soft, the underlying value story is still moving in the right direction. On the neighbourhood leaderboard, Fairfield houses rank 7 out of 14 for growth in Victoria - solidly middle of the pack, not a cause for panic.

• Average sale price: $864,000
• Average list price: $949,000
• Price per square foot: $583
• Sale-to-list ratio: 91.04%
• Average days on market: 76
• Predicted market value: $1,529,823
• Estimated monthly rent: $5,602
• Rental yield: 4.06%
• Recent value change: 3.12%
• Growth rank in Victoria: 7 out of 14

Condos

The condo story in Fairfield is a different animal. Four condos sold in the period, prices are holding steady, and homes are moving in an average of 29 days - faster than Rockland's 41-day average. Buyers are paying 97.71% of list price, which means almost no negotiating room. That's a stable, functioning market.

Here's the catch: the predicted condo value of $1,718,193 is actually dipping slightly from the 3-month moving average of $1,755,119, and recent value change sits at -4.00%. On the neighbourhood leaderboard, Fairfield condos rank 14 out of 14 for growth right now. That's a number worth watching. The rental yield on condos is 3.00% - moderate, but real income if you're holding.

• Average sale price: $332,725
• Average list price: $341,175
• Price per square foot: $478
• Sale-to-list ratio: 97.71%
• Average days on market: 29
• Predicted market value: $1,718,193
• Estimated monthly rent: $5,303
• Rental yield: 3.00%
• Recent value change: -4.00%
• Growth rank in Victoria: 14 out of 14

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

Your BC Assessment is a snapshot from last July. A lot has happened since then. The HonestDoor Price is updated in real time, pulling from actual market activity - not a government formula that gets refreshed once a year.

For Fairfield houses, the average assessed value is $1,477,279. The average HonestDoor Price is $1,524,477. That's a gap of roughly $47,000 - and the HonestDoor Price is 3.19% higher than what the assessment says. If you're a homeowner, that difference is real money sitting on the table that your assessment is not telling you about.

For condos, the gap is even more striking. The average assessed value is $615,858. The average HonestDoor Price is $1,750,094 - a difference of 184.17%. That is not a rounding error. That is the market telling a very different story than the city's paperwork. The condo HonestDoor Price has also increased 1.86% from the previous period, which means momentum is still there even as short-term sales data softens.

Bottom line: if you're making any financial decision about your Fairfield property - refinancing, selling, or just knowing where you stand - use the HonestDoor Price as your real-world check. The assessment is a starting point, not the answer.

The So What: Thinking About Selling This Summer?

Here is the honest take for Fairfield homeowners eyeing a summer sale.

If you own a house, price it carefully. Buyers are negotiating hard - 91 cents on the dollar is the current reality - and your home could sit for over two months if you come in too high. The underlying value is strong at $1,529,823 predicted, but the active sales market is slow. A sharp list price beats a stale listing every time. Fairfield houses rank 4 out of 13 for price in Victoria, so you are in a premium position - use it wisely, not greedily.

If you own a condo, the picture is more cautious. Values have dipped 4.00% recently and Fairfield sits at the bottom of the growth leaderboard for condos right now. That said, condos are selling faster than nearby neighbourhoods and buyers are close to full list price. If you need to move, the market will absorb your unit - just do not expect to set a record this summer.

Either way, check your HonestDoor Price before you call an agent. Know your number. That is the 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.