Blundell, Richmond - September 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, now is the time. The city's assessment says one thing. The real market says something different - and for most of us here, the difference is worth knowing about.

The Vibe: What Is Actually Happening in Blundell Right Now

Blundell is a neighbourhood of about 5,317 assessed properties, and the market is taking a breather. Prices are not crashing - they are just pausing. Here is how houses and condos are stacking up right now.

Houses

If you have been watching the "For Sale" signs on the streets around us, here is what the numbers actually say.

• Average HonestDoor Price: $1,854,757
• Average Assessed Value: $1,794,117
• HonestDoor Price is 3.38% higher than the city assessment
• HonestDoor Price change from last period: -0.96%
• Predicted market value: $1,873,086
• 3-month moving average: $1,888,043 (values are easing slightly)
• Recent value change: -0.60%
• Average sale price (2026 transactions): $1,076,200
• Price per square foot: $647
• Properties sold in 2026: 5
• Estimated monthly rent: $6,495
• Rental yield: 3.88%
• Airbnb income potential: $323 per night
• Airbnb rank in Richmond: 3rd
• Neighbourhood growth rank: 7 out of 15 in Richmond - above average
• Price rank: 5 out of 13 in Richmond - above average

We are sitting in the top half of Richmond for both price and growth. That is a solid position. The predicted value of $1,873,086 is nudging down slightly from the 3-month average of $1,888,043, which tells us the market is cooling off just a touch - not collapsing, just finding its footing.

Condos

Condos in Blundell are a smaller slice of the market - only 1 sale recorded so far in 2026 - so take these numbers as directional rather than definitive.

• Average HonestDoor Price: $962,137
• HonestDoor Price change from last period: +2.33%
• Predicted market value: $940,194
• 3-month moving average: $953,533
• Recent value change: -2.44%
• Average sale price (2026 transactions): $385,000
• Price per square foot: $369
• Properties sold in 2026: 1
• Estimated monthly rent: $3,956
• Rental yield: 3.20%
• Airbnb income potential: $196 per night
• Airbnb rank in Richmond: 3rd
• Growth rank: 11 out of 15 in Richmond - below average
• Price rank: 13 out of 13 in Richmond - most affordable in Richmond

The condo side of Blundell is the most affordable in all of Richmond right now. The HonestDoor Price did tick up 2.33% this period, which is a bright spot. But the recent -2.44% value change and a growth rank of 11 out of 15 tell us condos here are under some pressure. Worth watching closely.

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

Here is the honest truth about government assessments. They are calculated once a year, based on data that can be 12 to 18 months old by the time it lands in your mailbox. The market does not wait for paperwork.

For Blundell houses, the city's average assessment sits at $1,794,117. The HonestDoor Price is $1,854,757. That is a gap of roughly $60,000. If you are making any decision - selling, refinancing, or just figuring out where you stand - using the city's number means you are working with a stale snapshot. The HonestDoor Price pulls in real-time market signals to give you a current, real-world check on what your property is actually worth today.

Think of the assessment as last season's weather forecast. The HonestDoor Price is what is actually happening outside right now.

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

Here is the straight talk for anyone in Blundell weighing a summer sale.

The window is open, but it is not getting wider. House values are easing - the predicted value of $1,873,086 is already below the 3-month moving average of $1,888,043. That gap is not huge, but it is moving in one direction. Sellers who act while Blundell still holds its top-5 price rank in Richmond are in a better spot than those who wait to see where the market settles.

On the rental side, $6,495 per month in estimated rent and a 3.88% yield give buyers a real reason to look at Blundell houses. That is a legitimate selling point to put in front of investor buyers. And a 3rd-place Airbnb rank in Richmond? That is a conversation starter for anyone buying with short-term rental in mind.

• Blundell houses rank 5 out of 13 for price in Richmond - you are selling from a position of strength
• Growth ranks 7 out of 15 - above average, but not untouchable
• Values have dipped -0.60% recently - not alarming, but worth moving with purpose
• Your HonestDoor Price is $60,000 above the city assessment - price accordingly

Bottom line: Blundell is not a neighbourhood in trouble. It is a neighbourhood in a holding pattern. If selling is on your radar this summer, the data says sooner beats later. Check your HonestDoor Price, price it right, and do not leave $60,000 on the table by anchoring to an outdated assessment.

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.