Broadmoor, Richmond - October 2026 Real Estate Report
Broadmoor, 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 Broadmoor lately, here's what's actually happening. The market isn't crashing - it's cooling. Values are nudging down, sales are slow, and the city's assessment numbers are already starting to drift from reality. That gap matters for your wallet, whether you're selling, renting, or just keeping score.
Houses: Still A High-Value Neighbourhood, But Patience Is Required
Let's talk houses first, because the numbers tell an interesting story.
- Average HonestDoor Price: $1,820,632
- Average assessed value: $1,813,122 - the HonestDoor Price runs 0.41% above that
- Recent average sale price: $1,550,000 - down 5.9% from last month
- Price per square foot: $637
- Only 1 house sold this month, with 39 total transactions recorded in 2026
- 3-month moving average predicted value: $1,835,104 - current predicted value of $1,821,947 is trending below that
- Rental estimate: $6,360 per month, with a rental yield of 3.95%
- Airbnb potential: $316 per night - ranked 5th in Richmond for short-term rental income
- Neighbourhood growth rank: 5 out of 14 in Richmond - above average on the leaderboard
- Price rank: 4 out of 13 in Richmond - we sit near the top for home values
One sale in a month is a thin market. That $1,550,000 average sale price sitting well below the HonestDoor predicted value of $1,821,947 tells us buyers are negotiating hard right now. The 3-month moving average is also drifting down, so the short-term direction is clear. That said, a growth rank of 5th out of 14 neighbourhoods means Broadmoor houses are still holding their own compared to most of Richmond.
How do we stack up against the neighbours? Gilmore is pricier at $2,042,525 and losing value slower. Blundell sits at $1,872,187 but is declining faster than us. Shellmont is cheaper at $1,542,441 and holding up better in percentage terms. We're in the middle of the pack - solid ground, not the fastest horse.
Condos: A Different Story, Worth Knowing
Condo owners in Broadmoor, here's your snapshot.
- Average HonestDoor Price: $560,840
- Average assessed value: $570,544 - the HonestDoor Price is actually 1.70% below the city's number
- Recent average sale price: $699,800 - essentially unchanged month over month
- Price per square foot: $924
- Only 1 condo sold this month, with 12 total transactions in 2026
- 3-month moving average predicted value: $565,925 - current predicted value of $561,450 is trending below that
- Rental estimate: $2,723 per month, with a rental yield of 3.71%
- Airbnb potential: $135 per night
- Neighbourhood growth rank: 9 out of 15 in Richmond - below average on the leaderboard
- Price rank: 6 out of 13 in Richmond - still above average in value
The condo picture is a bit more complicated. The city's assessment at $570,544 is actually running higher than what the HonestDoor Price suggests the market will bear right now. That's a flag worth paying attention to. Growth ranks 9th out of 15 - below the midpoint. Values are down 0.89% recently and the trend is pointing lower. Nearby Shellmont condos are cheaper at $557,638 but declining slower. Gilmore and Blundell are in a completely different price tier.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing about your city assessment - it's a snapshot from the past. The BC Assessment number on your notice was calculated using data from months ago. It doesn't know what happened to sales volumes last month. It doesn't know that the 3-month moving average is drifting down. It's a static number in a moving market.
The HonestDoor Price is updated in real time using actual transaction data, current market signals, and what buyers are genuinely paying right now. For Broadmoor houses, that means a live estimate of $1,820,632 - sitting 0.41% above the city's figure. For condos, it's the opposite story - the HonestDoor Price of $560,840 is 1.70% below the assessment, which means the city may actually be overvaluing your condo relative to current market conditions.
If you're making any financial decision - refinancing, listing, or just figuring out your net worth - the HonestDoor Price is the real-world check. The assessment is last season's weather forecast.
So What Does This Mean If You're Thinking About Selling This Summer?
Straight talk: this is not a seller's market right now. One house sold last month. One condo sold last month. Buyers have options and they know it.
That doesn't mean you shouldn't sell. It means you need to price sharp from day one. Sitting at the top of the range and waiting for an offer is a strategy that will cost you weeks and probably money. The 3-month moving average is declining for both houses and condos, so time is not your friend if you're waiting for values to bounce back.
The upside for house sellers is real - Broadmoor still ranks 4th out of 13 for price in Richmond, and 5th out of 14 for growth. We're not a struggling neighbourhood. But the market is asking for realistic pricing, not wishful thinking.
For condo owners, the math is tighter. With the HonestDoor Price already sitting below the city assessment and a below-average growth rank of 9th out of 15, pricing at or above assessment is likely to leave your listing sitting. Know your real number before you list.
Bottom line - Broadmoor is still one of Richmond's stronger addresses. But summer 2025 rewards sellers who price with the market, not against it. Check your HonestDoor Price, know where you actually stand, and make the move with clear eyes.
broadmoor | 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.