Fairview, Red Deer - August 2026 Real Estate Report

Fairview, Red Deer: Your Neighbour Just Sold - Here Is What You Need to Know

If you have been keeping an eye on your street in Fairview, the numbers are telling an interesting story right now. Prices are holding up better than you might think, the rental market is genuinely strong, and the gap between what the city thinks your home is worth and what it could actually fetch is wider than ever. Here is the real breakdown.

The Vibe: Houses vs. Condos in Fairview

Let us start with houses, because that is where things get a little spicy.

We only saw 1 house sell this month, so take the monthly average sale price of $335,000 with a grain of salt - one sale can swing the numbers hard. What is more telling is that the predicted market value for Fairview houses sits at $445,026, which is actually ticking upward from the 3-month moving average of $443,638. That is a quiet but steady climb. Listings are sitting at $339,900 on average, and sellers are getting 98.56% of their asking price. Buyers are not getting massive discounts here. Homes are moving in about 27 days, which puts us at rank 16 out of 39 neighbourhoods in Red Deer for speed - that is faster than most.

• Predicted house value: $445,026
• Average list price: $339,900
• Sale-to-list ratio: 98.56%
• Average days on market: 27
• Estimated monthly rent: $2,146
• Rental yield: 5.78%
• Price per square foot: $320
• Growth rank: 57 out of 79 neighbourhoods in Red Deer

That 5.78% rental yield on houses is genuinely strong. If you are an investor or thinking about renting your place out before selling, Fairview is punching above its weight there.

Now for condos - a different story. The condo market here is taking a breather. One condo sold, it moved in 15 days, and it sold right at list price, which signals a balanced market rather than a hot one. The predicted value of $419,458 is actually sliding slightly below the 3-month moving average of $427,797, and recent value change is down 5.66%. That is worth watching. The rental yield on condos comes in at 3.95% - moderate, not spectacular.

• Predicted condo value: $419,458
• Average sale price: $190,000
• Sale-to-list ratio: 100%
• Average days on market: 15
• Estimated monthly rent: $2,113
• Rental yield: 3.95%
• Price per square foot: $177
• Growth rank: 51 out of 71 neighbourhoods in Red Deer

On the neighbourhood leaderboard, Fairview condos sit in the bottom half for both price and growth right now. That is not a crisis - it just means we are not leading the pack. For buyers, that could actually be an opening.

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, built on general formulas, not your actual street or your specific home. The market moves fast. Assessments do not.

The HonestDoor Price for houses in Fairview is $455,101, up 2.26% from the previous period. For condos, it is $420,982, up 0.36%. These numbers are updated in real time using actual transaction data, current listing activity, and local market signals. That is the real-world check your tax notice simply cannot give you.

If you are a homeowner in Fairview and the last number you have in your head is your assessed value, there is a good chance you are underselling yourself - or making financial decisions based on a number that is already out of date. Pull your HonestDoor Price before you do anything else.

The So What: Should You Sell in Fairview This Summer?

If you own a house in Fairview and have been sitting on the fence, here is the honest take. The predicted value is above $445,000 and climbing. Homes are selling in under a month. Buyers are paying close to full price. That is a reasonable window to list with confidence - not a frenzy, but a functional market where serious buyers are active.

The catch is volume. With only 18 total house transactions in Fairview so far in 2026, this is a thin market. One or two more sales could shift the averages noticeably. That cuts both ways - your home could stand out, or a neighbour's quick sale could reset expectations on your street.

For condo owners, patience is the word right now. Values are dipping slightly, and the growth rank of 51 out of 71 tells us Fairview condos are not leading any charge. If you need to sell, price it sharp - the one condo that moved this month sold at exactly list price in 15 days, which means buyers are out there, but they are not overpaying.

Bottom line - Fairview is not the hottest neighbourhood on the Red Deer leaderboard right now, but it is far from cold. If your plan is to sell this summer, get your HonestDoor Price first, price it right, and you have a real shot at a clean, fast sale.

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.