Blundell, Richmond - July 2026 Real Estate Report

Blundell, Richmond: Your Home Is Worth More Than the City Thinks

If you own a home in Blundell and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says one thing. The actual market says something else entirely - and the gap is significant.

The Vibe: What Is Actually Happening in Blundell Right Now

Let's break it down by property type, because houses and condos are telling two very different stories here.

Houses - Still the Crown Jewel of Richmond

If you own a house in Blundell, you are sitting on one of the most valuable pieces of real estate in the city. Here is the snapshot:

• Average HonestDoor Price: $1,884,014
• Average assessed value: $1,794,117 - that is $89,897 less than what the market actually thinks your home is worth
• Average sale price: $1,830,286
• Predicted market value: $1,906,696 - trending up from the 3-month average of $1,890,690
• Price per square foot: $701
• Properties sold in 2026: 7 houses, with 10 total transactions across the neighbourhood
• Estimated monthly rent: $6,524 to $6,581 with a rental yield of 3.86%
• Airbnb potential: $324 to $327 per night
• Recent value change: up 1.79%
• Price rank in Richmond: 2 out of 13 - we are near the top of the leaderboard
• Growth rank in Richmond: 8 out of 15 - sitting in the below-average tier right now

The honest read here: Blundell houses are expensive and holding their value, but growth has taken a breather. The predicted market value is still climbing past the 3-month average, so the short-term direction is positive. On the neighbourhood leaderboard, we rank 8th out of 15 for growth - not leading the pack, but not falling behind either.

For context, nearby Broadmoor has an average HonestDoor Price of $1,846,190 with a growth rate of -0.06%. We are pricier and our growth is slightly softer at -0.09% year over year. City Centre comes in at $1,231,963 - considerably cheaper, which tells you exactly why buyers keep targeting Blundell when they want the full Richmond house experience.

Condos - A Niche Market With a Surprising Price Tag

Condos in Blundell are a different animal. There is not a lot of condo stock here, and the numbers reflect that scarcity.

• Average HonestDoor Price: $963,703 - up 0.73% from the previous period
• Predicted market value: $956,704 - trending up from the 3-month average of $952,921
• Average sale price: $385,000
• Price per square foot: $369
• Properties sold in 2026: 1
• Estimated monthly rent: $4,007 to $4,029 with a rental yield of 3.17%
• Airbnb potential: $199 to $200 per night
• Recent value change: down 2.49%
• Price rank in Richmond: 12 out of 13 - among the most affordable condo options in the city
• Growth rank in Richmond: 6 out of 15 - above average on the leaderboard
• Airbnb rank in Richmond: 3rd

The condo market here is thin - one sale in 2026 does not give us a lot to work with. The HonestDoor Price at $963,703 is notably higher than the $385,000 sale price, which suggests the one transaction we have may not be representative of the broader condo stock. Worth watching, but not a market to draw big conclusions from yet. On the growth leaderboard, condos rank 6th out of 15 - that is above average, which is a decent sign even with the recent 2.49% dip.

Compared to nearby options, Gilmore condos average $1,135,617 - more expensive than us. Broadmoor sits at $569,837 and City Centre at $671,211 - both cheaper. Blundell condos occupy a middle-to-upper tier, which is unusual for a neighbourhood known primarily for its detached homes.

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

Here is the thing about your city assessment: it is a snapshot taken months ago, based on data that is already old by the time it lands in your mailbox. It does not know what sold on your street last week. It does not adjust for the renovated kitchen you added or the fact that buyers are actively competing for homes in your price range right now.

The HonestDoor Price is updated in real time. For Blundell houses, it is currently sitting 5.01% higher than the average assessed value - that is nearly $90,000 in value that the city's number is not capturing. If you are making any financial decision based on your assessment alone - whether that is a refinance, a home equity line, or pricing a sale - you are working with an incomplete picture.

With 5,317 properties assessed in the neighbourhood this year, there is a lot of data flowing through the system. The HonestDoor Price pulls from that real-world activity and gives you the number that actually reflects today's market, not last year's.

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

If you are a Blundell homeowner eyeing a summer sale, here is the straight talk.

For house sellers, the timing has some nuance. Values are predicted to keep climbing - $1,906,696 is the current predicted market value, up from the 3-month average. The market is not on fire, but it is not stalling either. You are in the second-most expensive house market in Richmond, which means your buyer pool is smaller but more serious. Seven houses sold so far in 2026. That is not a flood of competition, which works in your favour if you price it right.

The neighbourhood growth rate of -0.09% year over year is a signal to price strategically rather than ambitiously. Buyers in this price range do their homework. Coming in at a number grounded in the HonestDoor Price - not the city assessment - gives you a credible anchor that holds up under scrutiny.

For condo sellers, the market is very thin right now. One transaction in 2026 means there is almost no comparable data for buyers or their agents to lean on. That can work for you or against you depending on how you position the listing. The HonestDoor Price at $963,703 and the above-average growth rank of 6 out of 15 give you a reasonable story to tell - just make sure the listing reflects the actual condition and features of the unit, because every sale here sets a precedent.

Bottom line: Blundell is a premium address in Richmond. The data backs that up. Know your real number before you make any move.

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.