Broadmoor, Richmond - September 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 isn't on fire either. It's cooling off in a measured way, and the numbers tell a pretty clear story for those of us who live here.

We had 32 property transactions in 2026 across 6,479 assessed properties. That's a relatively quiet sales pace, which matters when you're trying to read the room before making a move.

Houses: Solid Prices, Slower Momentum

Our houses are holding their value better than the headlines might suggest. Here's the snapshot:

• Average HonestDoor Price: $1,821,947
• Average Sale Price: $1,626,889
• Price Per Square Foot: $802
• Predicted Market Value: $1,837,176
• 3-Month Moving Average: $1,848,132 (values are easing slightly)
• Estimated Monthly Rent: $6,403
• Rental Yield: 3.94%
• Recent Value Change: -0.49%
• Properties Sold Recently: 9

That predicted value sitting just below the 3-month moving average tells us momentum has softened a touch. It's not a red flag - it's a nudge. On the neighbourhood leaderboard, Broadmoor houses rank 6 out of 15 for growth in Richmond, which puts us in above-average territory. For price, we rank 3 out of 13 - that means we're one of the pricier addresses in the city, and that reputation is holding.

How do we stack up against the neighbours? Gilmore is running slightly hotter at $1,959,872 with a growth rate of -0.01%. Blundell is close at $1,854,757 but declining faster at -0.09%. Shellmont is the budget option at $1,556,527. For us in Broadmoor, that middle-ground positioning is actually a strength - we're premium without being the most exposed if the market softens further.

Condos: A Smaller Market, Worth Watching

The condo side of Broadmoor is a thinner market - only 1 sale recorded recently and 11 transactions in 2026 total. Thin markets can swing on a single deal, so take these numbers as directional rather than definitive.

• Average HonestDoor Price: $561,450
• Average Sale Price: $412,000
• Price Per Square Foot: $397
• Predicted Market Value: $566,488
• 3-Month Moving Average: $565,278 (values are nudging up slightly)
• Estimated Monthly Rent: $2,740
• Rental Yield: 3.70%
• Recent Value Change: -0.59%

One interesting detail: the predicted condo value of $566,488 is actually creeping above the 3-month moving average of $565,278. That's a small but positive signal in an otherwise soft stretch. We're also priced above nearby Shellmont condos at $564,172, which confirms Broadmoor carries a modest premium even in the condo segment. On the leaderboard, condos rank 6 out of 15 for growth - above average - but only 10 out of 13 for price, meaning our condos are on the more affordable end for Richmond. That's not a bad thing if you're buying in.

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

Here's the thing most homeowners don't realize. Your city assessment is a snapshot frozen in time - it reflects what bureaucrats calculated months ago using data that's even older than that. It doesn't know what sold on your street last Tuesday. It doesn't adjust for what buyers are actually offering right now.

The HonestDoor Price is the real-world check. For Broadmoor houses, the average HonestDoor Price of $1,821,947 sits 0.49% above the average assessed value of $1,813,122. That gap is $8,825 in your favour. For condos, the story flips - the HonestDoor Price of $561,450 is 1.59% below the assessed value of $570,544. That means condo owners relying on their assessment to price a sale could be starting too high right out of the gate.

Both property types have seen their HonestDoor Price ease slightly - houses down 0.83% and condos down 0.89% from the previous period. That's the market talking in real time. Your assessment won't tell you that. HonestDoor will.

So What Does This Mean If You're Thinking About Selling This Summer?

Straight talk: this summer is not a seller's market on steroids. But it's not a disaster either. Here's how to think about it.

If you own a house in Broadmoor, you're sitting on one of Richmond's better addresses - top 3 for price out of 13 comparable neighbourhoods. Buyers who want this area know they're paying for it. With only 9 houses selling recently, inventory is tight, which works in your favour. The key is pricing sharp from day one. The HonestDoor Price of $1,821,947 is your anchor - not the assessed value, and not wishful thinking from a hot market two years ago.

If you own a condo, be realistic. The market is thin - one sale doesn't make a trend. Your HonestDoor Price of $561,450 is already below the city's assessed value, so pricing at or above assessment is likely to leave you sitting. The rental yield of 3.70% is decent, so if selling feels uncertain, holding and renting at an estimated $2,740 per month is a legitimate alternative worth running the numbers on.

For both property types, the Airbnb angle is worth a mention. Broadmoor ranks 5th in Richmond for Airbnb potential on houses, with an estimated $318 per night. That's a real number if you're considering a short-term strategy before listing.

Bottom line: Broadmoor is a quality neighbourhood holding its ground in a market that's taking a breather. Know your real number before you make any moves - and that number lives on HonestDoor, not on your last tax notice.

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.