Bridgeport, Richmond - September 2026 Real Estate Report

Bridgeport, Richmond: Your Home Is Worth More Than the City Thinks - But the Window May Be Closing

The Vibe Right Now

If you've been watching the "For Sale" signs in Bridgeport, here's what's actually happening. The market is taking a breather. Values are drifting down slightly, sales volume is thin, and the neighbourhood is sitting in the bottom half of Richmond's growth leaderboard. That doesn't mean panic - it means pay attention.

The big number to know: 881 properties were assessed this year, but the city's assessment is already behind reality. The average HonestDoor Price for a house here is $1,497,692 - that's $27,403 above the average assessed value of $1,470,289. For condos, the story flips. The city assessed condos at $667,463 on average, but the HonestDoor Price is $610,280. If you're a condo owner banking on that assessment, you may be overestimating what a buyer will actually pay today.

Houses vs. Condos - Two Very Different Stories

Let's break it down for us locals.

Houses

• Average HonestDoor Price: $1,497,692
• Predicted market value: $1,513,703
• 3-month moving average: $1,524,753 (values are sliding)
• Recent value change: -0.75%
• Average sale price: $690,000
• Price per square foot: $628
• Estimated monthly rent: $5,499
• Rental yield: 4.16%
• Airbnb potential: $270 per night
• Properties sold in 2026: 6 total transactions
• Growth rank: 9 out of 15 neighbourhoods in Richmond
• Price rank: 13 out of 13 - among the most affordable in Richmond

Houses here are actually holding up reasonably well compared to neighbours. Our average sale price of $690,000 beats West Camble ($558,333) and Marpole ($593,000) on recent sales. But the predicted value is trending down from the 3-month average, so the direction of travel is worth watching. On the neighbourhood leaderboard, we're sitting 9th out of 15 for growth - right in the middle, but not leading the pack.

Condos

• Average HonestDoor Price: $610,280
• Predicted market value: $621,638
• 3-month moving average: $632,021 (also sliding)
• Recent value change: -3.28%
• Average sale price: $534,000
• Price per square foot: $709
• Estimated monthly rent: $2,979
• Rental yield: 3.61%
• Airbnb potential: $146 per night
• Properties sold in 2026: 2 total transactions
• Growth rank: 13 out of 15 neighbourhoods in Richmond
• Price rank: 3 out of 13 - above average in price in Richmond

Condos are the one to watch closely. A -3.28% recent value change is a real number, not a rounding error. We're ranked 13th out of 15 on the neighbourhood growth leaderboard - that puts Bridgeport condos near the bottom of Richmond right now. The predicted value of $621,638 is already below the 3-month average and below nearby West Camble's predicted value of $635,079. If you own a condo here, the HonestDoor Price is telling you something the city assessment is not.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here's the thing about government assessments - they are a snapshot from months ago, built on sales data that is already old by the time it lands in your mailbox. The HonestDoor Price updates in real time, pulling in current market signals. That gap matters.

For house owners, the HonestDoor Price of $1,497,692 is running $27,403 ahead of the city's number. That's a meaningful difference if you're making decisions about refinancing, listing, or even just understanding your net worth.

For condo owners, the gap is even more important - but in the other direction. The city says your unit is worth $667,463. The HonestDoor Price says $610,280. That's an $57,183 difference. If you price your condo based on the assessment, you may sit on the market longer than you want to. Buyers have access to the same real-time data you do.

The HonestDoor Price is your real-world check. Use it before you make any move.

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

Straight talk: if you are a house owner in Bridgeport and you are thinking about selling this summer, the timing is not terrible - but it is not getting better on its own either. Values are drifting down from the 3-month moving average, sales volume is low (only 1 house sold recently), and the neighbourhood growth rate declined 0.06% year over year. The market is not crashing, but it is not accelerating either.

If you own a condo, the urgency is higher. A -3.28% recent value change and a bottom-tier growth rank of 13 out of 15 in Richmond means waiting is likely not your friend. The predicted value is already below the 3-month trend line. Summer may be your best window before that gap widens further.

For both property types, the rental numbers offer a real alternative if selling feels premature. A house here can pull $5,499 per month in estimated rent at a 4.16% yield. A condo brings in an estimated $2,979 at 3.61%. Those are not life-changing yields, but they are solid holding income while you wait for the right moment.

Bottom line - check your HonestDoor Price today, not your assessment notice. One of those numbers reflects what a buyer will actually pay this summer. The other one is just paperwork.

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.