Fairhaven Place, Stony Plain - August 2026 Real Estate Report

Fairhaven Place Condos: Steady, Not Spectacular - Here Is Where Things Actually Stand

The Vibe Right Now

If you own a condo in Fairhaven Place, the market is not crashing and it is not on fire. It is doing what you might call a slow cruise. The average sale price is sitting at $240,000, and listings are coming in around $241,000 this month. Buyers are paying 99.59% of list price - so basically, what you ask for is pretty close to what you get. That is a stable signal, not a scary one.

The catch? Condos here are sitting on the market for an average of 53 days. Compare that to Barth and Gosset Manor at 37 days, and you can see we are moving a little slower. This is a buyers' market right now - not a panic, but buyers know they have options and they are not rushing.

• Average sale price: $240,000
• Average list price this month: $241,000
• Price per square foot: $224
• Sale-to-list ratio: 99.59% - buyers are paying just under ask
• Average days on market: 53 days
• Only 1 condo sold last month - thin volume means each sale carries a lot of weight

The Neighborhood Leaderboard

Here is where Fairhaven Place lands when stacked up against other Stony Plain neighborhoods. Growth rate ranks 19 out of 33 - that puts us in the below-average half of the pack. Days-on-market ranks 10 out of 15, meaning properties here sell slower than most comparable spots. The one bright spot is price - we rank 8 out of 18, which means Fairhaven Place condos are actually priced above average for Stony Plain. You are not in the bargain bin.

For context, nearby Meridian Meadows has a predicted value of $200,257 and Westerra Manor sits around $181,905. Fairhaven Place at $241,865 predicted value is meaningfully ahead of both. Barth and Gosset Manor is the pricier neighbour at $299,496 - so we sit comfortably in the middle of the range.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know what sold on your street last week. The HonestDoor Price does.

Right now, the average HonestDoor Price for condos in Fairhaven Place is $245,425 - up 1.47% from the previous period. The predicted market value is $241,865, which is already dipping slightly below the 3-month moving average of $242,758. That gap between your government assessment and the HonestDoor Price is where real money gets left on the table - or overpaid in taxes.

The HonestDoor Price is your real-world check. It updates with the market. Your tax assessment does not. If you have not looked at yours lately, now is the time - especially with values showing a recent change of -1.15%.

• HonestDoor Price: $245,425 - up 1.47%
• Predicted market value: $241,865
• 3-month moving average: $242,758 - values are easing slightly
• Recent value change: -1.15%

The So What - Thinking About Selling This Summer?

Honest answer? You can sell, but you need to go in with clear eyes. This is not a market where you price high and wait for offers to roll in. With 53 days average on market and buyers paying just under list price, the homes that move are the ones priced right from day one.

The rental picture is decent if you are weighing your options. Estimated rent is $1,313 per month with a rental yield of 4.27% - that is a moderate but real return. Airbnb potential is about $66 per month, which is not a game-changer but adds up. Fairhaven Place ranks 18th in Stony Plain for Airbnb - mid-pack.

If selling is the goal, price it close to the $241,000 listing average, make sure your place shows well, and do not sit on it hoping the market heats up fast. The data right now says buyers are patient. You should be strategic.

• Rental estimate: $1,313 per month
• Rental yield: 4.27%
• Airbnb estimate: $66 per month - ranked 18th in Stony Plain
• Bottom line: Price it right, move it fast - do not chase a number the market is not supporting

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.