Fairhaven Place, Stony Plain - July 2026 Real Estate Report

Fairhaven Place Condos: Solid Ground, But the Market Is Taking a Breather

The Vibe Right Now

If you own a condo in Fairhaven Place, here is the honest picture. We are sitting in a stable buyers' market. That is not a disaster - it just means buyers have a little more leverage than they did a year ago, and sellers need to price sharp to get a deal done.

The average sale price is sitting at $240,000, with listings coming in around $241,000. Homes are selling at 99.59% of list price, so buyers are getting a small discount - but not a big one. The market is not in freefall. It is just measured.

• 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 asking
• Average days on market: 53 days

That 53-day average is worth paying attention to. Compared to Barth and Gosset Manor, where condos are moving in 37 days, our neighbourhood is taking longer to close deals. That gap tells us buyers in Fairhaven Place have options and they know it.

On the price side, we are actually holding our own. Fairhaven Place condos are averaging above what is selling in Meridian Meadows ($221,200) and well above Westerra Manor ($181,636). We are not the cheapest option in Stony Plain, and that is a good thing for owners.

The Neighbourhood Leaderboard

Here is where Fairhaven Place lands when you stack it against other Stony Plain neighbourhoods:

• Growth rank: 22 out of 33 - below average, but the predicted value is ticking up
• Days-on-market rank: 10 out of 15 - properties are on the slower side to sell
• Price rank: 7 out of 18 - above average in price for Stony Plain condos

The growth rank is the one to watch. Sitting at 22 out of 33 means we are not leading the pack right now. But the predicted market value of $244,670 is climbing above the 3-month moving average of $241,492, so there is a quiet upward nudge happening. Small, but real.

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

Here is something most neighbours do not think about until it is too late. Your city assessment is a snapshot from months ago - sometimes longer. It does not know what sold on your street last Tuesday. It does not adjust for the current rate of buyers in the market. It is a static number doing a dynamic job.

The HonestDoor Price is different. It is a real-time estimate built from current sales data, market movement, and what buyers are actually paying right now. For Fairhaven Place condos, that number is $241,865 - down 1.15% from the previous period, which is a small dip worth knowing about before you make any big decisions.

The predicted market value is $244,670, which is slightly ahead of the HonestDoor Price. That gap between the two is useful information. It suggests there is a modest upside being priced in, but the current market has not fully caught up to it yet.

If your tax assessment is higher than $241,865, you might be paying more than you should in property taxes. That is a conversation worth having. Check your HonestDoor Price now - not at assessment time next year.

The So What - Thinking About Selling This Summer?

If you are weighing a summer sale, here is the straight talk.

The market is not going to reward overpricing. Buyers are taking 53 days on average to commit, which means they are shopping around. If your condo is listed above $241,000 without a clear reason - updated kitchen, better finishes, extra parking - expect to sit longer than you want to.

The good news is that buyers are still paying close to asking. The 99.59% sale-to-list ratio means a well-priced condo is not getting lowballed. Price it right and you are likely to get very close to what you are asking.

The rental angle is also worth knowing if selling is not the plan. Estimated rent is $1,328 per month with a rental yield of 4.27%. That is a moderate return - not spectacular, but steady. Airbnb potential comes in around $66 per night, ranking 18th in Stony Plain, so short-term rental is an option but not a windfall.

• HonestDoor Price: $241,865 (down 1.15%)
• Predicted market value: $244,670
• Estimated monthly rent: $1,328
• Rental yield: 4.27%
• Airbnb estimate: $66 per night

Bottom line - Fairhaven Place is holding value in a market that is clearly taking a breather. If you are selling, price with precision and move before fall. If you are holding, the numbers suggest you are not losing ground. Either way, check your HonestDoor Price first. It is the most current number you have got.

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.