Blundell, Richmond - August 2026 Real Estate Report

Blundell, Richmond: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been glancing at your latest property assessment and wondering if it tells the whole story, the short answer is: it doesn't. The average assessed value in Blundell sits at $1,794,117 - but the average HonestDoor Price is $1,872,757. That's a $78,640 gap. For homeowners here, that difference isn't just a number on a screen. It's real equity that a static government assessment is leaving on the table.

The Vibe: What's Actually Happening in Blundell Right Now

Let's break it down by property type, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses - Still the Crown Jewel, But Taking a Breather

We're in a high-value pocket of Richmond. House prices here rank 3rd out of 13 comparable neighbourhoods - that means most of Richmond wishes it had our price floor. But let's be straight: growth is soft. Here's the snapshot:

• Average HonestDoor Price: $1,872,757
• Predicted market value: $1,884,346
• 3-month moving average: $1,888,076 (values are dipping slightly)
• Recent price change: -1.17%
• Average sale price this period: $1,049,000
• Price per square foot: $679
• Properties sold this month: 2
• Estimated monthly rent: $6,524
• Rental yield: 3.87%
• Airbnb income potential: $324 per night (ranked 3rd in Richmond)
• Growth rank: 13 out of 15 neighbourhoods - bottom of the leaderboard

That growth rank stings a little, we won't sugarcoat it. Blundell houses are sliding toward the back of the pack on momentum. But here's the flip side - we're still one of the priciest addresses in Richmond. Slow growth at a high base is very different from slow growth at a low base. Our neighbours in Broadmoor are growing slightly faster at -0.06% versus our -0.09%, but their HonestDoor Price of $1,837,176 is still trailing ours. We're expensive for a reason.

Condos - Affordable Entry Point, But Watch the Trend

Condos in Blundell are a different conversation. There's very thin trading volume - only 1 transaction in 2026 so far - so every data point here comes with an asterisk. That said, here's where we stand:

• Average HonestDoor Price: $940,194 (down 2.44% from last period)
• Predicted market value: $963,703
• 3-month moving average: $967,197 (also trending down)
• Recent price change: +0.73%
• Average sale price: $385,000
• Price per square foot: $369
• Estimated monthly rent: $4,029
• Rental yield: 3.15%
• Airbnb income potential: $200 per night (ranked 3rd in Richmond)
• Price rank: 13 out of 13 - the most affordable condo market in Richmond
• Growth rank: 12 out of 15 - below average on the neighbourhood leaderboard

The condo market here is the most affordable entry point in all of Richmond. If you're a buyer, that's interesting. If you're a condo owner thinking about selling, the 2.44% drop in HonestDoor Price is a signal worth paying attention to. The window may not be getting wider.

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. It doesn't react to what happened in the market last month, or last quarter. It's updated once a year and it's already stale by the time it lands in your mailbox.

The HonestDoor Price is a real-world check. It pulls from actual market activity and updates in real time. In Blundell, that check shows your home is sitting 4.38% above what the city assessed it at. On a $1.8 million property, that's roughly $78,000 in value that your assessment is ignoring.

With 5,317 properties assessed in the neighbourhood this year, there's no shortage of data - but government assessments are a blunt instrument. The HonestDoor Price is the sharper tool. If you're making any financial decision tied to your home's value - refinancing, selling, estate planning - use the number that reflects today, not last January.

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

If you own a house in Blundell and you're weighing a summer sale, here's the honest read:

• You're sitting on one of Richmond's higher-priced addresses - that's a real advantage in a buyer's search
• But the market is taking a breather - values are down slightly and growth ranks near the bottom of the Richmond leaderboard
• Only 2 houses sold this month - low volume means less competition from other sellers, but also fewer active buyers
• The gap between your HonestDoor Price ($1,872,757) and your assessment ($1,794,117) means a well-priced listing could outperform what buyers expect to pay
• Rental demand is strong at $6,524 per month - buyers who are on the fence about purchasing may weigh that income potential seriously

If you own a condo, the calculus is tighter. The HonestDoor Price has dropped 2.44% and transaction volume is almost non-existent right now. That doesn't mean you can't sell - it means pricing it right from day one matters even more. A condo sitting on the market in a thin-volume neighbourhood loses leverage fast.

Bottom line: Blundell is a premium address in Richmond with a market that's cooling at the edges. If selling is on your radar, the next 60 to 90 days matter. Check your HonestDoor Price first - it's the most current read on what your home is actually worth right now, not what the city guessed it was worth last year.

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.