Bridgeport, Richmond - August 2026 Real Estate Report

Bridgeport, Richmond: Your Home Is Worth More Than the City Thinks - But the Market Is Taking a Breather

The Vibe Right Now

If you've been watching the "For Sale" signs in Bridgeport, here's what's actually happening. The market isn't crashing, but it isn't sprinting either. We're in a slow-and-steady stretch, and knowing your real numbers matters more right now than it has in years.

Houses: Solid Ground, Modest Movement

For those of us with houses in Bridgeport, the story is one of stability with a slight dip. The average HonestDoor Price sits at $1,513,766 - that's the real-world number. It's down 0.75% from last period, and recent property value changes show a -0.67% shift. Not a freefall. A breather.

• Average HonestDoor Price: $1,513,766
• Predicted Market Value: $1,525,219 (trending up from the 3-month average of $1,523,867)
• Average Assessed Value: $1,470,521
• Average Sale Price: $901,000
• Price Per Square Foot: $736
• Estimated Monthly Rent: $5,499
• Rental Yield: 4.15%
• Airbnb Estimate: $273 per night
• Properties Sold in 2026: 5 transactions across the neighbourhood

On the neighbourhood leaderboard, our house growth rate ranks 10 out of 15 in Richmond - below average, but not at the bottom. Price rank comes in at 11 out of 13, which puts us among the more affordable options in the city. That's actually a selling point if you're trying to attract buyers who've been priced out of pricier pockets.

How do we stack up nearby? West Cambie houses are cheaper at an HD Price of $1,472,496 and growing at the same pace. Marpole is in a different league at $2,374,171 - much higher priced and actually growing slower. Mitchell Island comes in well below us at $758,315. Bridgeport sits in a reasonable middle ground.

Condos: A Bigger Gap to Watch

The condo picture in Bridgeport is where things get interesting - and where paying attention to your HonestDoor Price really matters. The city's assessed value for condos averages $667,463. But the HonestDoor Price tells a different story: $621,638. That's 6.87% below the assessed value, and it's dropped 3.28% recently.

• Average HonestDoor Price: $621,638
• Predicted Market Value: $642,723 (up from 3-month average of $640,837)
• Average Assessed Value: $667,463
• Average Sale Price: $1,200,000
• Price Per Square Foot: $893
• Estimated Monthly Rent: $2,979
• Rental Yield: 3.57%
• Airbnb Estimate: $148 per night
• Properties Sold in 2026: 1 transaction

Here's the leaderboard stat that stands out: condo price rank is 1 out of 13 in Richmond. That means Bridgeport condos are among the most expensive in the city by assessed value. But growth rank sits at 10 out of 15 - below average. Expensive and slow-growing is a combination worth keeping an eye on if you're a condo owner thinking about your next move.

Nearby, West Cambie condos are slightly more expensive at an HD Price of $635,079 with slightly faster growth. Marpole condos come in at $771,384. Bridgeport's predicted condo value of $642,723 edges out West Cambie's $636,263 - a small but real advantage.

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

Here's the thing about BC Assessment numbers - they're a snapshot from July 1st of the previous year. By the time you read your assessment notice, the market has already moved. For Bridgeport houses, the city says $1,470,521. HonestDoor says $1,513,766. That's a $43,245 gap - and it's updated in real time, not once a year.

For condo owners, the gap runs the other way. The city's number is $667,463, but the HonestDoor Price is $621,638. If you're pricing a condo to sell based on your assessment, you could be setting expectations that the market won't meet. That's a tough conversation to have with a buyer.

The HonestDoor Price is your real-world check. It pulls from actual transaction data, current market signals, and live comparable sales - not a government formula that gets refreshed once a year. With 882 houses and 248 condos assessed in Bridgeport this year, there's enough data here to trust the signal.

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

If you own a house in Bridgeport and you're thinking about listing this summer, the window is real but it's not wide open. Values are holding - the predicted market value of $1,525,219 is actually ticking up from the 3-month average. But with only 5 house transactions recorded in 2026 so far, this is a thin market. Fewer sales mean less competition from other sellers, but also fewer buyers actively shopping. Pricing sharp matters more than ever.

If you own a condo, be honest with yourself. The HonestDoor Price has dropped 3.28% recently, and the gap between assessed value and real-world value is significant. That doesn't mean don't sell - it means price it right from day one. An overpriced condo in a slow market sits. A well-priced one moves.

Either way, the first step is knowing your actual number - not the city's number from last July. Check your HonestDoor Price, compare it to what's sold nearby, and make a plan based on where the market is today, not where it was.

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.