Hazelwood, Abbotsford - September 2026 Real Estate Report

Hazelwood, Abbotsford: Your Neighbour Probably Doesn't Know Their Home Is Worth More Than They Think

If you own property in Hazelwood and the last number you checked was your city assessment, you're likely leaving money on the table. Here's the real picture right now.

The Vibe: What's Actually Happening in Hazelwood

Let's split this into two stories, because houses and condos are telling very different ones right now.

Houses

The average HonestDoor Price for a house in Hazelwood sits at $1,059,131. That's up a hair from last period - 0.02% - and it's holding steady in seven-figure territory. The 3-month moving average is $1,065,636, so values are dipping slightly off that peak, but we're not talking about a cliff. More of a speed bump.

• Average HonestDoor Price: $1,059,131
• Average assessed value: $1,023,596
• HonestDoor Price vs. assessment: 3.47% higher
• Average sale price: $500,000
• Price per square foot: $740
• Estimated monthly rent: $4,340
• Rental yield: 4.68%
• Airbnb estimate: $216 per night
• Properties assessed this year: 113
• Recent value change: -0.60%
• Neighbourhood growth (year over year): -0.05%

On the neighbourhood leaderboard, Hazelwood houses rank 16 out of 22 for growth in Abbotsford - that puts us in the below-average tier right now. For price rank, we sit at 21 out of 22, which actually means Hazelwood is one of the more affordable house markets in the city. That's a real entry point for buyers, and a talking point for sellers who want to move fast.

How do we stack up against the neighbours? Historic Downtown houses are averaging $1,115,107 - a bit pricier than us, but their growth is also sliding at -0.05%. City Centre is cheaper at $760,703 and growing slightly faster at -0.04%. Immel McMillan comes in at $989,875, also growing faster. So Hazelwood is holding a higher price point than most nearby hoods, even if growth is taking a breather.

Condos

Here's where it gets interesting. Hazelwood condos are a completely different story - and honestly, a surprising one.

• Average HonestDoor Price: $315,400
• Recent price change: -1.32%
• 3-month moving average: $320,857
• Predicted market value: $319,630
• Estimated monthly rent: $1,690
• Rental yield: 4.17%
• Airbnb estimate: $84 per night
• Recent value change: +1.90%

Yes, the HonestDoor Price dipped 1.32% from last period. But here's the flip side - on the growth leaderboard, Hazelwood condos rank 2 out of 22 in Abbotsford. That's a top-performer position. The recent 1.90% value change is one of the stronger moves we're seeing across the city right now.

Compare that to nearby condo markets: Historic Downtown is at $505,968, City Centre at $440,640, and Immel McMillan at $494,405. Hazelwood condos are priced well below all three. If you own one, you're sitting in an affordable segment that's punching above its weight on growth. If you're thinking about buying in, the entry price is the lowest in the area.

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

Here's the thing about your city assessment - it's a snapshot from the past. The government calculates it once a year using data that can be months old by the time it lands in your mailbox. It's not wrong, exactly. It's just slow.

The HonestDoor Price is updated in real time. For Hazelwood houses, that means the HonestDoor Price is already $35,535 higher than the average assessed value - a 3.47% gap. If you're making any financial decision based on the assessed number alone - whether that's refinancing, listing, or just knowing your net worth - you're working with a stale figure.

Think of the HonestDoor Price as the real-world check. It's what the market is actually saying your home is worth today, not what a government formula said it was worth last year.

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

If you own a house in Hazelwood and you're weighing a summer sale, here's the honest read. Values are slightly off their 3-month peak, and neighbourhood growth is in negative territory at -0.05%. The market is taking a breather. That said, you're still sitting above the $1 million mark on the HonestDoor Price, and at $740 per square foot, there's real value here for buyers coming from pricier hoods like Historic Downtown.

Timing matters. Waiting for the market to bounce back is a gamble. Listing while you're still above seven figures and while buyer demand for relatively affordable Abbotsford options is real - that's a more concrete play.

If you own a condo, the picture is actually more encouraging. A growth rank of 2 out of 22 is not something to ignore. You're in a segment that's moving, even if the absolute price is lower. For an investor or a first-time buyer, that combination of low entry price and strong growth rank is exactly what they're searching for.

Bottom line - whether you're selling, renting, or just keeping score, check your HonestDoor Price before you make any move. The assessment on your last tax notice is already old news.

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.