Stave Falls, Mission - August 2026 Real Estate Report

Stave Falls Real Talk: Your Home Is Worth More Than the City Thinks

If you own a house in Stave Falls and you have not looked at your HonestDoor Price lately, you are probably leaving money on the table. The city's average assessment sits at $1,452,581. The average HonestDoor Price is $1,555,682. That is a $103,101 gap - and that gap matters when you are making real decisions about selling, refinancing, or just knowing where you stand.

The Vibe: What Is Actually Happening in Our Neighbourhood

Houses - Stave Falls Is Leading the Pack

We are not just holding our own here - we are near the top of the Mission leaderboard. House growth ranks 1 out of 12 comparable neighbourhoods in Mission. Price rank is 1 out of 8. That means Stave Falls houses are both the fastest-growing and among the most expensive in the city right now.

• Average HonestDoor Price: $1,555,682 - up 3.88% from the previous period
• Average sale price: $1,569,000
• Price per square foot: $718
• Predicted market value: $1,556,625 - up from the 3-month moving average of $1,515,565
• Estimated rent: $5,537 per month
• Rental yield: 4.19%
• Airbnb estimate: $275 per night - ranked 3rd in Mission for Airbnb potential
• Recent value change: 3.85%

For context, our houses are priced higher than Ruskin (predicted value $1,498,288) and just a step below Blue Mountain ($1,861,382). We are punching in the top tier of Mission real estate right now.

Condos - Taking a Breather

The condo side of Stave Falls tells a different story. Values have dipped 3.18% recently, and the predicted market value of $377,800 is sitting below the 3-month moving average of $398,000. Growth ranks 6 out of 9 comparable neighbourhoods - below average for Mission condos right now.

• Average HonestDoor Price: $382,300 - up 1.19% from the previous period
• Predicted market value: $377,800
• Estimated rent: $1,990 per month
• Rental yield: 4.07%
• Airbnb estimate: $100 per night

If you own a condo here, it is not a panic situation - a 4.07% rental yield is still a decent return. But the short-term price trend is worth watching closely.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not update in real time, and it does not reflect what a buyer would actually pay for your home today. The HonestDoor Price is a live, data-driven estimate that moves with the market. Right now, for Stave Falls houses, it is running 7.10% higher than the average city assessment. That is not a small rounding error - that is over $100,000 in value that a static government number is not showing you. Before you make any financial move, check your HonestDoor Price first.

The "So What?" - Should You Sell This Summer?

If you own a house in Stave Falls, the timing argument for selling is pretty strong right now. Values are up 3.88%, you are sitting at the top of Mission's growth leaderboard, and the predicted value is trending above the 3-month average. Buyers looking at Mission are comparing us to Ruskin and Blue Mountain - and Stave Falls is holding its own against both.

Two transactions recorded in 2026 so far means inventory is tight. Low supply and strong prices is exactly the combination sellers want. If you have been sitting on the fence, this summer is worth a serious conversation with your agent - and a check of your HonestDoor Price before you set a list price.

For condo owners, patience is the play. The market is taking a breather. Rental income at $1,990 per month with a 4.07% yield means holding the property still makes financial sense while you wait for the next upswing.

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.