Fairhaven Place, Stony Plain - September 2026 Real Estate Report

Fairhaven Place Condos: Steady, Not Spectacular - But Here's Why That's Not Bad News

The Vibe Right Now

If you own a condo in Fairhaven Place, the market is doing what a lot of us wish our lives would do - holding steady without drama. The average sale price sits at $240,000, listings are coming in at $241,000, and things are moving without any wild swings. That's not boring. That's stable ground in a market where a lot of neighbourhoods are guessing.

The one thing worth watching? Homes are sitting for about 53 days before selling. That's longer than nearby Barth and Gosset Manor, where properties are moving in 37 days. So yes, we're in a buyers' market here. Buyers know it too. The average sale came in at 99.59% of list price - meaning sellers are giving up a small slice to get the deal done. Not a disaster, but worth factoring in if you're pricing your place.

• Average sale price: $240,000
• Average list price this month: $241,000
• Price per square foot: $224
• Average days on market: 53
• Sale-to-list ratio: 99.59% - buyers are paying just under asking
• Properties sold last month: 1

The Neighbourhood Leaderboard

Here's where Fairhaven Place actually looks pretty good. On growth rate, we rank 8 out of 32 comparable neighbourhoods in Stony Plain. That puts us in the top quarter. For price, we rank 8 out of 18 - above average for the area. The days-on-market rank of 10 out of 15 is the soft spot, confirming that slower sales pace we mentioned. But two out of three solid rankings is nothing to dismiss.

Compare us to the neighbours: Barth and Gosset Manor is pricier at an average HonestDoor Price of $297,869. Meridian Meadows comes in at $199,021 and Westerra Manor at $181,389. Fairhaven Place sits comfortably in the middle - not the cheapest option, not the most expensive. For a buyer looking at value, that middle ground matters.

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, sometimes longer. It doesn't know what sold on your street last week. It doesn't adjust for the fact that predicted values in Fairhaven Place are now sitting at $245,425, up from a 3-month moving average of $243,987. That's a live number, not a filing cabinet number.

The average HonestDoor Price for condos here is $244,305. That's the real-world check. If your tax assessment is sitting lower than that, you could be undervaluing your own asset. If it's higher, you might want to know before you list. Either way, looking at your HonestDoor Price right now - not at renewal time, not when you're already in a deal - gives you the clearest picture of where you actually stand.

• HonestDoor Price: $244,305
• Predicted market value: $245,425
• 3-month moving average: $243,987 - values are trending up slightly
• Recent value change: up 1.47%

The So What - Thinking About Selling This Summer?

Selling this summer in Fairhaven Place is doable, but go in with clear eyes. Buyers have options and they know it. With 53 days on market being the norm, you're not going to get a bidding war by Thursday. What you will get is a fair transaction if you price it right from day one.

The rental angle is worth knowing too, even if you're not a landlord. Estimated rent is $1,332 per month with a rental yield of 4.27%. That's a moderate but real return. If your summer sale doesn't land where you want it, holding and renting is a legitimate backup plan - not a consolation prize.

Bottom line: price sharp, know your HonestDoor Price before you talk to anyone, and don't let a slow first week spook you. This market rewards patience and punishes overpricing. Come in at the right number and you'll be fine.

• Estimated monthly rent: $1,332
• Rental yield: 4.27%
• Airbnb estimate: $67 per night - Stony Plain Airbnb rank of 18
• Strategy tip: price at or just under $241,000 to stay competitive with current listings

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.