Fairview, Red Deer - September 2026 Real Estate Report

Fairview, Red Deer: Your Neighbour Just Got a Better Price Than You Think

If you own a home in Fairview and the last number you checked was your city tax assessment, you are probably working with stale information. Here is what is actually happening on our streets right now.

The Vibe: Houses vs. Condos in Fairview

The two sides of our market are telling very different stories this month, and it is worth knowing which one applies to you.

Houses - Strong Growth, But Patience Required

If you've been watching the "For Sale" signs in Fairview, here is what is actually happening with houses. The average sale price jumped to $371,250 - that is up 10.8% from last month. Buyers are paying 98.84% of list price, which means almost full ask. That is real money, not a rounding error.

• Average sale price: $371,250 (up 10.8% month over month)
• Price per square foot: $327
• Average days on market: 115 days
• Properties sold this month: 2
• Predicted market value: $455,194
• Rental yield: 5.76%
• Estimated monthly rent: $2,188

The catch? Houses here are sitting for an average of 115 days before selling. On the Red Deer days-on-market leaderboard, we rank 39 out of 41 neighbourhoods - that means we are near the bottom for speed. So prices are climbing, but you need to be patient. The good news is that our growth rate ranks 14 out of 78 neighbourhoods in Red Deer. That puts Fairview houses in the top tier for appreciation. Your equity is working even while the clock ticks.

Condos - Steady, Fast, and Fairly Priced

The condo side of Fairview is a completely different animal. One condo sold this month, it moved in just 15 days, and it sold at exactly 100% of list price. No negotiating, no discounts. That is a balanced market doing what a balanced market is supposed to do.

• Average sale price: $190,000
• Price per square foot: $177
• Average days on market: 15 days
• Predicted market value: $420,430
• Rental yield: 3.95%
• Estimated monthly rent: $2,121
• Days-on-market rank: 8 out of 28 in Red Deer (fast-moving)
• Growth rank: 19 out of 71 in Red Deer (above average)

Condo values have ticked up 4.32% recently, and the HonestDoor Price sits at $438,593. If you own a condo here, we are in solid shape. Not flashy, but reliable - and that counts for a lot in this market.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that house prices in Fairview jumped 10.8% last month. It does not know that the predicted value for houses here is now $455,194, sitting above the 3-month moving average of $448,147 and trending upward.

The HonestDoor Price is updated in real time using actual transaction data. For houses, it currently sits at $436,136. For condos, it is $438,593. These numbers move with the market - your tax assessment does not. If you are making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the real-world check you need. Waiting for next year's assessment means making a big financial decision with last year's map.

The "So What?" - Thinking About Selling This Summer?

Straight talk for anyone considering listing in Fairview this summer.

If you own a house, the price momentum is genuinely on your side. A 10.8% jump in average sale price and a top-14 growth ranking out of 78 Red Deer neighbourhoods is not nothing. But you need to price it right from day one. With 115 average days on market, overpriced listings are sitting. Buyers are paying close to full ask - but only when the number makes sense to them. Come in sharp and you will not be watching your listing go stale.

If you own a condo, the story is simpler. Condos here move fast - 15 days on average. The market is balanced, buyers are paying full price, and you are ranked above average for growth across Red Deer. A well-presented condo listed at the right number should not sit long at all.

Either way, check your HonestDoor Price before you call an agent. Know your number before anyone else does. That is how neighbours in Fairview stay ahead of the market instead of chasing it.

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.