Blundell, Richmond - October 2026 Real Estate Report
Blundell, Richmond: Your Home Is Worth More Than the City Thinks
If you have been glancing at your latest property assessment and wondering if that number is actually what your home is worth - it is not. The average assessed value in Blundell sits at $1,794,117, but the average HonestDoor Price tells a different story at $1,872,187. That is a $78,070 gap. For most homeowners, that difference is not a rounding error. It is a real number that matters when you are deciding whether to sell, refinance, or just figure out where you stand.
The Vibe: What Is Actually Happening in Blundell Right Now
Let us break it down by property type, because houses and condos are telling two very different stories here.
Houses - Steady, But Taking a Breather
The house market in Blundell is cooling slightly. The predicted market value for houses sits at $1,855,084, and that number is drifting down from the 3-month moving average of $1,870,839. Recent price movement is down 0.96%. That is not a crash - it is a breather. We have seen this before in Richmond, and it does not mean the bottom is falling out.
- Average HonestDoor Price: $1,872,187 (up 0.94% from last period)
- Average assessed value: $1,794,117
- HonestDoor Price is 4.35% higher than the city assessment
- Average sale price (recent transactions): $741,500
- Price per square foot: $736
- Estimated monthly rent: $6,448
- Rental yield: 3.89%
- Airbnb potential: $320 per night (ranked 4th in Richmond)
- Properties assessed this year: 5,317
- Transactions in 2026: 18
On the neighbourhood leaderboard, Blundell houses rank 7 out of 14 for growth in Richmond - right in the middle of the pack. For price, we rank 13 out of 13, which means we are among the most affordable house markets in the city. That combination - relatively affordable entry point, mid-tier growth - is actually a solid position for buyers watching the Richmond market.
Compared to neighbours, Broadmoor houses are averaging $1,820,632 with slightly faster growth, and City Centre is sitting lower at $1,197,294. Blundell holds its own as a premium address without being the most expensive street at the party.
Condos - A Quiet Outperformer
Here is the one that might surprise us. Blundell condos are actually moving in the right direction. The predicted market value is $962,137, and that is climbing above the 3-month moving average of $955,344. Recent price change is up 2.33%. On the Richmond condo leaderboard, Blundell ranks 2nd out of 15 neighbourhoods for growth. That is a top-tier result.
- Average HonestDoor Price (condos): $956,428 (down 0.59% from last period)
- Average sale price (recent transactions): $385,000
- Price per square foot: $369
- Estimated monthly rent: $4,019
- Rental yield: 3.16%
- Airbnb potential: $200 per night (ranked 2nd in Richmond)
- Transactions in 2026: 1
The condo market here is thin on transactions - only 1 sale recorded in 2026 so far - so we should read those sale price numbers carefully. But the HonestDoor Price trend and the growth rank suggest condo values in Blundell are holding up well. For price rank, condos sit at 13 out of 13, again among the most affordable in Richmond. Low price, high growth rank - that is an interesting setup for anyone thinking about getting into the market.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Your city assessment is a snapshot from the past. It is calculated using data that can be months or even over a year old by the time it lands in your mailbox. The HonestDoor Price is updated in real time using actual market signals - recent sales, price trends, and neighbourhood movement. In Blundell, that difference is $78,070 on the house side alone. If you are using your assessment to make any financial decision - talking to a lender, thinking about a sale, or just benchmarking your net worth - you are working with a number that is already behind the market. The HonestDoor Price is the real-world check.
Neighbourhood growth in Blundell dipped 0.09% year over year. That is a small number, but it is worth watching. Nearby Broadmoor is declining at 0.06% - slightly better. Knowing where you sit on that curve is exactly the kind of edge a savvy seller needs before listing.
The So What - Thinking About Selling This Summer?
Here is the honest read for anyone in Blundell weighing a summer sale.
For house sellers - the market is not running hot right now, but it is not broken either. You are sitting on a property the city undervalues by over $78,000 on average. Buyers shopping Richmond know Blundell is a quality address. With only 18 transactions recorded in 2026 so far, inventory is tight, which generally works in a seller's favour. The slight dip in predicted values means timing matters - waiting for the market to "come back" could cost you if the 3-month trend continues downward. Pricing sharp and moving now is worth a serious conversation.
For condo owners - the growth story here is genuinely good. Ranking 2nd in Richmond for condo growth is not nothing. If you have been sitting on a Blundell condo and wondering whether the moment has passed, the data says you still have momentum on your side. The transaction volume is low, which means when a well-priced unit hits the market, it gets attention.
Bottom line - check your HonestDoor Price before you do anything else. It takes about 30 seconds and it will give you a far more accurate starting point than whatever number the city mailed you.
blundell | richmond | october 2026This 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.