Fairways, Stony Plain - August 2026 Real Estate Report

Fairways, Stony Plain: Your Neighbour Just Got a Price Update. Did You?

If you live in Fairways and you haven't checked your home's value lately, here's the honest truth - your city assessment is already out of date. The market has moved. Here's what's actually happening on your street right now.

The Vibe: What's Going On in Fairways

Fairways is holding its own in Stony Plain. We're sitting above average on price (ranked 12 out of 31 neighbourhoods) and above average on growth (ranked 14 out of 39). That's a solid position. It's not a runaway market, but it's not sliding either. Think of it as a steady hand in an uncertain room.

The big number to know: Fairways ranked 2nd in all of Stony Plain for total transactions. That means people are actually buying and selling here - this isn't a sleepy street where nothing moves.

Houses: Strong Prices, But Buyers Have a Little Leverage

Here's what the house numbers are telling us right now:

• Average sale price this month: $462,500 - up 3.8% from last month
• Average list price: $472,000
• Price per square foot: $384
• Homes are selling at 97.97% of list price - buyers are getting a small discount
• Average days on market: 22 days
• Predicted market value: $500,831
• Rental yield: 5.63% - that's a strong return if you're thinking income property
• Estimated monthly rent: $2,522

The 22-day average is worth noting. Compared to nearby Graybriar Green at 16 days, our houses are taking a bit longer to find a buyer. The market is taking a breather - not crashing, just breathing. Sellers who price sharp are still moving product. Those who overshoot are sitting.

Also worth watching: the predicted value of $500,831 is dipping slightly below the 3-month moving average of $503,121. Nothing alarming, but it tells us the peak of the recent run may have passed for now. Price smart and you'll be fine.

Condos: Steady Climb, But Watch the Growth Rank

Condo owners in Fairways, here's your honest snapshot:

• Average HonestDoor Price: $406,319 - up 0.57% from the previous period
• Predicted market value: $404,000 - and it's trending up from the 3-month average of $401,768
• Estimated monthly rent: $2,106
• Rental yield: 4.02%
• Airbnb rank in Stony Plain: 7th - decent short-term income potential at $105 per night

The honest flag here is the growth rank: 24 out of 33 neighbourhoods in Stony Plain. That puts Fairways condos in the below-average tier for growth right now. Values have dipped 2.01% recently. It's not a crisis - but if you're a condo owner thinking about selling, sooner is probably better than later while values are still healthy.

The good news? Fairways condos are still priced well above nearby Graybriar ($197,602) and Graybriar Green ($284,306). We're in a stronger position than most of our neighbours.

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 sales data, and it doesn't update when the market moves. The HonestDoor Price is a real-world check. It pulls from current activity and recalculates constantly.

Right now, the average HonestDoor Price for a house in Fairways is $510,734 - up 1.98% from the previous period. For condos, it's $406,319. If your tax assessment is sitting below those numbers, you could be undervaluing your biggest asset. If you're thinking about selling, refinancing, or just want to know where you stand - the HonestDoor Price is the number to trust, not the one on your assessment notice.

The 'So What?': Thinking About Selling This Summer?

Here's the straight talk for Fairways homeowners eyeing a summer sale:

• House sellers: You have pricing power, but buyers are negotiating. Expect to land around 97-98% of your list price. Price it right the first time - don't leave money on the table chasing a number the market won't support.
• Condo sellers: Move sooner rather than later. Growth is lagging and values have softened slightly. A well-presented condo priced at or near $404,000 to $406,000 is still a strong sale in this market.
• Staying put? Your rental yield on a house is 5.63%. If life takes you elsewhere, renting out at an estimated $2,522 per month is a legitimate option worth running the numbers on.
• Fairways ranked 2nd in Stony Plain for transactions - buyers are coming here. That's your advantage.

Bottom line: Fairways is a neighbourhood that holds value. It's not the flashiest growth story in Stony Plain right now, but it's stable, it's active, and it's priced above most of its neighbours. Check your HonestDoor Price today - because the market already has.

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.