Hazelwood, Abbotsford - August 2026 Real Estate Report

Hazelwood, Abbotsford: Your Home Is Worth More Than the City Thinks

If you own a home in Hazelwood and you have not checked your numbers lately, here is the short version: the city's assessment is already behind. The average assessed value sits at $1,023,596, but the average HonestDoor Price is $1,058,882. That is a $35,286 gap - and that gap matters when you are making decisions about selling, refinancing, or just figuring out where you actually stand.

The Vibe: Houses vs. Condos

Let's be straight with each other about what is happening in our neighbourhood right now. The two property types are telling very different stories.

Houses: We are in a holding pattern. The predicted market value for a Hazelwood house is $1,065,284, which is nudging down from the 3-month moving average of $1,068,076. Recent price change is sitting at -0.70%, and on the neighbourhood leaderboard, Hazelwood houses rank 12 out of 22 for growth - right in the middle of the pack. Not a freefall, but not a sprint either. The market is taking a breather. On the bright side, if you own a house here, you are sitting on one of the most affordable price points in Abbotsford - ranking 22 out of 22 - which means buyers looking for value are going to find us. Rental potential is solid at an estimated $4,358 per month, with a 4.66% rental yield. That is a reasonable return if you are thinking about holding rather than selling.

• Predicted market value: $1,065,284
• 3-month moving average: $1,068,076
• Recent price change: -0.70%
• Estimated monthly rent: $4,358
• Rental yield: 4.66%
• Growth rank: 12 out of 22 in Abbotsford
• Price rank: 22 out of 22 (most affordable in Abbotsford)

Condos: This is where we need to have a frank conversation. Hazelwood condos are the toughest spot in the data right now. The predicted market value is $313,680, down from a 3-month moving average of $320,387. The recent price change is -4.73%, and on the neighbourhood leaderboard, Hazelwood condos rank dead last - 22 out of 22 for growth in Abbotsford. Compare that to nearby options: a condo in Historic Downtown averages $496,095 and City Centre comes in at $438,121. Our condos are priced well below the competition, but they are not gaining ground right now. The HonestDoor Price did tick up 1.90% from the previous period, which is a small positive signal worth watching.

• Average HonestDoor Price: $319,630 (up 1.90% from last period)
• Predicted market value: $313,680
• 3-month moving average: $320,387
• Recent price change: -4.73%
• Estimated monthly rent: $1,680
• Rental yield: 4.18%
• Growth rank: 22 out of 22 in Abbotsford (bottom of the leaderboard)

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

Here is the thing about your city assessment: it is a snapshot from the past. The BC Assessment process uses data that is already months old by the time it lands in your mailbox. For Hazelwood houses, that means the city is working off a number of $1,023,596 while the real-world HonestDoor Price is $1,058,882 - a 3.45% difference. That is not a rounding error. That is real money.

The HonestDoor Price updates in real time using current sales data, market shifts, and what is actually happening on the ground in Abbotsford right now. If you are using your assessment to decide whether to sell, refinance, or even just negotiate, you are making a big decision with an outdated number. Check your HonestDoor Price first. It is the real-world check your assessment cannot give you.

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

If you own a house in Hazelwood and you are weighing a summer sale, here is the honest read. You are not in a hot seller's market right now - values have dipped slightly and sales volume is thin, with only 1 house sold recently. But you are also sitting in the most affordable price tier in Abbotsford, which is genuinely attractive to buyers who have been priced out of other neighbourhoods. Historic Downtown averages $1,117,731 and even Immel McMillan is at $975,697. Hazelwood is the value play, and buyers know it.

The window to act is not closing, but it is not wide open either. A market that is drifting down slowly is still a market where you can get a strong price - if you move before that drift picks up speed. Price your home against the HonestDoor Price of $1,058,882, not the city's $1,023,596, and you are starting the conversation in the right place.

For condo owners, the summer picture is harder. With values down nearly 5% recently and sitting at the bottom of the Abbotsford growth leaderboard, this is a moment to watch closely rather than rush. That said, the HonestDoor Price did inch up 1.90% last period - so keep an eye on whether that small momentum holds.

Bottom line: Hazelwood is a neighbourhood where knowing your real number - not the government's number - is the difference between leaving money on the table and walking away with what your home is actually worth. Check your HonestDoor Price today.

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.