Fraser Lands, Richmond - August 2026 Real Estate Report

Fraser Lands, Richmond: Your Home Is Worth More Than the City Thinks

If you own property in Fraser Lands and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The numbers here are moving in the right direction - and the city's assessment hasn't caught up yet.

The Vibe: What's Happening With Houses and Condos Right Now

Let's break it down for us locals, because houses and condos are telling two slightly different stories.

Houses

Fraser Lands houses are on a run. The average HonestDoor Price sits at $2,060,451 - up 0.98% from the previous period. The predicted market value is $2,040,468, and that number is climbing above the 3-month moving average of $2,007,404. That upward trend is not noise. It's a signal.

• Average HonestDoor Price: $2,060,451
• Recent value change: 1.35%
• 3-month moving average: $2,007,404
• Estimated monthly rent: $6,205
• Rental yield: 4.32%
• Airbnb estimate: $290 per night
• Airbnb rank in Richmond: 7th
• Neighbourhood growth rank: 1 out of 15 in Richmond

That growth rank is the headline. Out of 15 comparable Richmond neighbourhoods, Fraser Lands houses sit at number one. That's not a participation trophy - that's the leaderboard. We're at the top right now.

For context, nearby Tilbury averages $1,059,877 and Shellmont comes in at $1,576,914. East Richmond is a different beast at $5,436,700, but for the typical Fraser Lands homeowner, we're sitting in a strong middle ground with serious upward momentum.

Condos

The condo picture is solid, though a bit more nuanced. The average HonestDoor Price is $636,463 - up 1.17% recently. The city's average assessed value is $650,331, which means the assessment is actually running about 2.13% higher than what the real-world market is showing. That gap matters if you're making decisions based on your tax notice.

• Average HonestDoor Price: $636,463
• Average assessed value: $650,331
• HonestDoor Price vs. assessment: 2.13% lower
• Predicted market value: $629,078
• 3-month moving average: $625,159
• Recent value change: 3.11%
• Average sale price: $688,000
• Price per square foot: $648
• Estimated monthly rent: $3,029
• Rental yield: 3.58%
• Airbnb estimate: $152 per night
• Growth rank in Richmond: 4 out of 15
• Price rank in Richmond: 4 out of 13

Fourth in both growth and price out of 13 to 15 Richmond neighbourhoods - that's above average on both counts. Condos here are also outpacing nearby Shellmont ($578,774 predicted value) by a clear margin. The 3.11% recent value change is the kind of number that gets attention from buyers.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment

Here's the thing about government assessments - they're a snapshot from months ago, sometimes longer. By the time that notice hits your mailbox, the market has already moved. For Fraser Lands condo owners, the assessment is actually overstating value by about 2.13% compared to current market signals. For house owners, the momentum is running ahead of what any static document can capture.

The HonestDoor Price updates in real time. It pulls from actual sales data, current market trends, and comparable properties right now - not last year. If you're a Fraser Lands homeowner trying to figure out what your place is actually worth today, the HonestDoor Price is your real-world check. Use it before you make any move.

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

Straight talk - Fraser Lands is in a good spot heading into summer. Houses are ranked first in Richmond for growth. Condos are in the top four for both price and growth. Values are trending up, not sideways.

What that means practically:

• If you own a house here, you have pricing power. Buyers looking in Richmond are comparing you to Tilbury and Shellmont - and Fraser Lands wins on momentum.
• If you own a condo, the 3.11% recent value change and a sale price averaging $688,000 gives you a real story to tell buyers. At $648 per square foot, there's room to price confidently.
• Rental demand is strong either way - $6,205 per month for houses and $3,029 for condos means buyers who are investors are paying attention too.

The window for summer listings is opening now. Sellers who price based on current HonestDoor data - not a stale assessment - are the ones who get the offer they actually want. Don't wait for the city to catch up to what Fraser Lands is already doing.

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.