Fairhaven Place, Stony Plain - October 2026 Real Estate Report
Fairhaven Place, Stony Plain: Your Condo Is Worth More Than the City Thinks
The Vibe Right Now
If you own a condo in Fairhaven Place and you haven't checked your HonestDoor Price lately, here's the short version: things are steady, and that's actually good news in this market. The average sale price is sitting at $240,000, listings are coming in at $241,000, and buyers are paying 99.59% of list price. That's not a fire sale - that's a market where sellers are pricing right and deals are getting done.
One condo sold last month, spending about 53 days on the market before finding a buyer. That's a slower pace, but it's not a red flag. It just means you need to price smart and be patient. Buyers are here - they're just taking their time.
The Numbers at a Glance
- 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 close to asking, but just under
- Average Days on Market: 53
- HonestDoor Price: $247,900 - up 1.47% from the previous period
- Predicted Market Value: $244,305 - trending up from the 3-month average of $243,865
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment: it's a snapshot from months ago, built on old data, and it doesn't move with the market. Your HonestDoor Price does. Right now, the HonestDoor Price for condos in our neighbourhood is $247,900 - and it's up 1.47% from the last period. The predicted market value is $244,305 and it's climbing, sitting above the 3-month moving average of $243,865.
That gap between what the city says your place is worth and what the real world says it's worth? That's money left on the table if you're not paying attention. The HonestDoor Price is the real-world check - updated, data-driven, and built for how the market actually moves, not how it moved last year.
Compare us to the neighbours. Meridian Meadows condos are predicted at $199,021. We're sitting at $244,305. That's a meaningful gap, and it tells us Fairhaven Place holds its value well in this part of Stony Plain.
How We Stack Up on the Neighbourhood Leaderboard
We like to think of the growth rankings as a leaderboard - and Fairhaven Place condos are holding a solid spot. Here's where we land:
- Growth Rank: 12 out of 32 neighbourhoods in Stony Plain - above average, sitting in the top half of the pack
- Price Rank: 8 out of 18 - above average in price, which means we're not the cheapest option and buyers know it
- Days-on-Market Rank: 9 out of 15 - slower side, so pricing strategy matters here
For context, nearby Cedar Brae is priced at $294,528 and Barth and Gosset Manor comes in at $305,100. We're more affordable than both, which keeps us in the conversation for buyers who want value without going all the way down to Meridian Meadows territory.
The So What - Should You Sell This Summer?
If you're thinking about listing this summer, here's the honest take. The market in Fairhaven Place is stable - not explosive, but not falling either. Buyers are paying within a hair of list price, which means if we price right, we get close to what we ask. The 53-day average means we shouldn't expect a bidding war in the first weekend, but a well-priced unit moves.
The rental angle is worth knowing too. Average rent is estimated at $1,344 per month with a rental yield of 4.26%. That's a moderate return - good enough that investors are watching this neighbourhood. More investor interest means more potential buyers in your pool.
The bottom line: if you've been sitting on a condo in Fairhaven Place and wondering whether now is the time - the data says the window is open. Values are nudging up, the HonestDoor Price is ahead of what the city has on file, and summer typically brings more buyers to the table. Check your HonestDoor Price before you do anything else. It's the most current number you've got.
fairhaven place | stony plain | october 2026This 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.