If you have been watching the "For Sale" signs on your street and wondering what is actually going on with prices in Fairview, here is the straight story. The neighbourhood is holding its own, houses are still moving, and your home is likely worth more than the city thinks it is.
Let us start with houses, because that is where the action is. We saw 3 sales this month, with an average sale price of $655,567. That is down 3.9% from last month, so yes, the market is taking a breather. Homes are sitting for an average of 45 days, and buyers are paying about 99.19% of the asking price - meaning sellers are getting close to what they are asking, but not quite. Listings are currently averaging $661,633, and price per square foot sits at $621.
The bigger picture for houses is actually encouraging. The predicted market value is $634,481, and that number is climbing - it is up from the 3-month moving average of $622,988. Property values have moved 1.97% recently, which puts Fairview houses at rank 31 out of 236 comparable neighbourhoods in Calgary. That is a top-performer spot on the neighbourhood leaderboard. Rental potential is strong too, with an estimated $3,072 per month and a rental yield of 5.37%.
Condos are a different story right now. The predicted market value for a Fairview condo is $265,175, and that number is sliding - it is down from the 3-month moving average of $273,812. Values have dipped 4.86% recently, placing condos at rank 181 out of 216 in Calgary for growth. That is a bottom-tier position. Rental income is estimated at $1,229 per month with a 4.31% yield, which is moderate but not spectacular. If we own a condo here, this is a moment to pay close attention.
Here is something most Fairview homeowners do not realize. The city assessed the average home here at $635,059. The average HonestDoor Price is $639,422. That is a gap of roughly $4,363 - and it matters because the city's assessment is a snapshot from months ago, frozen in time. The HonestDoor Price updates in real time, pulling in actual market signals as they happen.
That HonestDoor Price has also moved up 0.78% from the previous period, and it sits 0.69% above the Calgary average assessed value. In plain terms - Fairview is outpacing the city average on real-world pricing. Waiting for your next tax assessment to understand what your home is worth is like checking last year's weather forecast before heading out today. The HonestDoor Price is the real-world check you need right now.
For condos, the HonestDoor Price is $266,604, up 0.54% from the previous period. Even with the recent dip in predicted values, knowing your current number - not a stale government figure - puts you in a much stronger position whether you are selling, refinancing, or just keeping score.
If you own a house in Fairview and are thinking about listing this summer, the window is real but it is not wide open forever. Prices are softening slightly month-over-month, days on market are creeping up to 45, and buyers are negotiating. That said, your growth rank of 31 out of 236 means Fairview houses are still outperforming most of Calgary. You are not in a distressed market - you are in a market that rewards smart pricing.
The move right now is to check your HonestDoor Price before you set your list price. With average listings sitting at $661,633 and sales closing at $655,567, overpricing by even a small margin is the difference between a quick sale and sitting on the market through the summer. Price it sharp, and the data says buyers are ready to act close to full ask.
If you own a condo, be honest with yourself about the numbers. Values are trending down, and the growth rank puts Fairview condos near the bottom of the Calgary pack right now. That does not mean you cannot sell - it means you need to know your real number before you list. Check your HonestDoor Price, compare it against what Kingsland condos are doing at $1,335,346 average or East Fairview Industrial at $382,325, and make a call based on facts, not hope.
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.