Promontory, Chilliwack - July 2026 Real Estate Report

Promontory, Chilliwack: What Your Home Is Actually Worth Right Now

If you've been glancing at your last tax assessment and feeling pretty good about it, hold on. The real numbers on the ground tell a slightly different story - and knowing the difference could matter a lot if you're thinking about making a move this summer.

The Vibe: What's Happening in Our Neighbourhood

Promontory is one of Chilliwack's pricier pockets - that's not an opinion, it's a ranking. For houses, we sit at number 2 out of 9 neighbourhoods in Chilliwack by price. That's a strong position. But here's the honest part: on growth, we rank 8 out of 9. The neighbourhood is taking a breather, and pretending otherwise doesn't help anyone.

With 2,254 properties assessed this year and only 8 transactions recorded in 2026 so far, this is not a high-turnover market. That low sales volume cuts both ways - it can protect values, but it also means fewer data points when you're trying to price your home accurately.

Houses: The Numbers Up Close

• Average assessed value: $941,116
• Average HonestDoor Price: $928,967 - down 0.89% from last period
• Average sale price this month: $933,000 - up 5.5% from last month
• Price per square foot: $627
• Predicted market value: $937,339
• 3-month moving average: $916,037 - the trend is moving up
• Estimated rent: $3,990 per month
• Rental yield: 4.83%
• Neighbourhood growth rank: 8 out of 9 in Chilliwack

The month-over-month sale price jump of 5.5% is worth paying attention to. One sale doesn't make a trend, but the predicted value of $937,339 sitting above the 3-month moving average of $916,037 suggests upward pressure is real, not just noise. If you own a house in Promontory right now, your asset is holding its own even while growth lags behind most of the city.

Condos: A Cooler Picture

• Average HonestDoor Price: $554,759 - down 2.49% from last period
• Predicted market value: $568,904
• 3-month moving average: $577,532 - the trend is moving down
• Estimated rent: $2,718 per month
• Rental yield: 3.71%
• Airbnb estimate: $132 per night
• Growth rank: 6 out of 9 in Chilliwack

Condo owners, this one deserves a straight look. The predicted value of $568,904 is already below the 3-month moving average of $577,532. That's a downward drift, not a freefall, but it's a signal. The rental yield of 3.71% is moderate - it covers costs for many owners, but it's not a windfall. Compared to nearby Sardisvedden condos at around $470,416, Promontory still commands a premium. That premium needs to be defended with accurate pricing.

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

Here's the thing about your BC Assessment number - it's a snapshot from last July. A lot has moved since then. For houses in Promontory, the assessed average sits at $941,116, but the HonestDoor Price is $928,967. That's a $12,149 gap, and it's 1.29% lower than what the city has on file.

That gap is not just a rounding error. If you list based on the assessment and the market has already adjusted, you risk sitting on the market longer than you need to. The HonestDoor Price pulls in real-time sales data, current market signals, and comparable activity - it's the live read, not the archived one. Think of the assessment as last season's weather forecast. The HonestDoor Price is what's actually outside right now.

With only 8 transactions in Promontory so far in 2026, every comparable sale carries serious weight. You want your pricing anchored to the freshest data available, not a government number that won't update for months.

The So What: Should You Sell in Promontory This Summer?

If you own a house and you've been on the fence, the case for moving this summer is reasonable. The predicted value is climbing above the 3-month average, the price-per-square-foot at $627 is competitive, and Promontory's rank as the number 2 priciest neighbourhood in Chilliwack gives you a strong story to tell buyers. The rental estimate of $3,990 per month also means investors are paying attention - that's a real buyer pool beyond just owner-occupiers.

For condo owners, the calculus is tighter. Values are drifting down slightly and growth ranks below average. That doesn't mean don't sell - it means price it right the first time. An overpriced condo in a softening micro-market sits, and a listing that sits loses leverage fast.

Either way, the move right now is to check your HonestDoor Price before you do anything else. Not your assessment. Not what your neighbour got two years ago. The live number, today. That's your starting point.

• Promontory house rental potential: $3,990 per month
• Promontory condo rental potential: $2,718 per month
• Airbnb rank in Chilliwack: 4th for houses, 6th for condos
• Nearby benchmark - Ryder Lake houses: $1,009,507 HonestDoor Price
• Nearby benchmark - Sardisvedden condos: $464,595 HonestDoor Price

Promontory is still one of the stronger addresses in Chilliwack. The numbers back that up. Just make sure the number you're working from is the right one.

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.