Promontory, Chilliwack - August 2026 Real Estate Report

Promontory, Chilliwack: Your Home Is Worth Less Than The City Thinks - And That Matters

If you've been glancing at your latest BC Assessment notice and feeling pretty good about that number, here's a reality check from someone who's been watching Promontory closely. The city says your home is worth one thing. The actual market is saying something a little different right now.

The Vibe: What's Happening on Our Streets

Let's split this into houses and condos, because they're telling two very different stories in Promontory right now.

Houses

The average assessed value for a house here sits at $941,116. But the HonestDoor Price - which tracks real-time market signals instead of a once-a-year government snapshot - puts the real-world number at $921,316. That's a gap of about $20,000, and the HonestDoor Price has slipped another 0.82% from last period. The market is taking a breather.

• Average HonestDoor Price: $921,316
• Average Assessed Value: $941,116 (2.10% higher than the HD Price)
• Average Sale Price This Month: $575,000 (down 27.5% from last month)
• Price Per Square Foot: $322
• Properties Sold This Month: 1
• Predicted Market Value: $928,967
• Estimated Monthly Rent: $3,966
• Rental Yield: 4.84%
• Recent Value Change: -0.89%
• Growth Rank: 6 out of 9 neighbourhoods in Chilliwack
• Price Rank: 4 out of 9 (above average for Chilliwack)

On the neighbourhood leaderboard, our houses rank 6th out of 9 for growth - that puts us in the below-average tier right now. We're holding our own on price, sitting 4th out of 9, so Promontory houses are still commanding a premium compared to most of Chilliwack. But growth has stalled, and with only 1 sale recorded this month, there isn't much transaction data to feel confident about which direction things are heading short-term.

For context, nearby Ryder Lake is averaging $1,009,507 on the HonestDoor Price. Sardisvedden is cheaper at $866,899. We sit comfortably in the middle, but neither of those neighbours is showing meaningful growth either.

Condos

Condos in Promontory are a tougher conversation. The HonestDoor Price is $558,238 - which is actually up 0.63% from last period, so there's a small bright spot there. But the predicted market value of $554,759 is trending down from the 3-month moving average of $563,042. That's a slide of about $8,000 in a short window.

• Average HonestDoor Price: $558,238 (up 0.63% from last period)
• Predicted Market Value: $554,759
• 3-Month Moving Average: $563,042
• Recent Value Change: -2.49%
• Estimated Monthly Rent: $2,679
• Rental Yield: 3.73%
• Growth Rank: 9 out of 9 neighbourhoods in Chilliwack

That growth rank is the number we need to be honest about. Dead last - 9th out of 9 comparable neighbourhoods in Chilliwack. If you own a condo here, that's not a reason to panic, but it is a reason to pay attention. Nearby Sardisvedden condos are cheaper at $457,452, and East Chilliwack-Southside sits at $533,780. Promontory condos are priced above both of those, but the growth trend isn't backing up that premium right now.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about BC Assessment. That number was calculated using data from July 1st of the previous year. By the time it lands in your mailbox, it's already six-plus months old. A lot can change in six months - and in Promontory right now, it has.

The HonestDoor Price pulls from current sales activity, real-time market signals, and what buyers are actually paying today. For houses, that means the HonestDoor Price is already sitting $20,000 below the assessed value. If you're making a financial decision - refinancing, selling, even just understanding your net worth - using the government's stale number could give you a false picture.

With 2,254 properties assessed in Promontory and 13 transactions recorded in 2026 so far, there's enough data to see the trend. And the trend says the market has cooled from where assessments pegged it.

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

If selling is on your radar this summer, here's the straight talk.

For house owners - you're still in a relatively strong price position for Chilliwack (4th out of 9 neighbourhoods). But with the HonestDoor Price running below assessed value and recent changes showing a -0.89% dip, pricing your home based on that assessment letter is a mistake. Buyers are doing their homework. Price to where the market actually is, not where the city said it was last July.

The average sale price this month came in at $575,000 - well below the predicted market value of $928,967. With only one transaction to go on, that single sale could be skewing things, but it's a signal worth watching. A realistic, well-priced listing will move. An overpriced one will just sit.

For condo owners - the timing is trickier. A -2.49% recent value change and a last-place growth ranking in Chilliwack means the wind isn't at your back right now. That doesn't mean you can't sell - it means you need to be sharp on pricing and presentation. The rental yield of 3.73% is moderate, so holding and renting is a viable option if selling feels premature.

The rental picture does offer some cushion either way. Houses are pulling an estimated $3,966 per month in rent with a 4.84% yield. That's a reasonable return if you're not in a rush to sell and want to wait for the market to find its footing again.

Bottom line - Promontory is still a solid neighbourhood in the Chilliwack context. But right now, the market is telling us to be realistic, not optimistic. Check your HonestDoor Price before you make any moves.

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.