Campbell River North, Campbell River - August 2026 Real Estate Report

Campbell River North Real Estate: What's Actually Happening Right Now

If you own a home in Campbell River North and you haven't checked your HonestDoor Price lately, this is your sign. The city's assessment says one thing. The real market is saying something a little different - and that gap matters for your wallet.

The Vibe: Where We Stand Right Now

Let's be straight with each other. Campbell River North is holding steady, but it's not a market where you can sit back and assume your assessed value reflects what a buyer would actually pay today.

619 properties were assessed in our neighbourhood this year. There were 3 sales recorded in 2026 so far. That's a thin transaction volume, which means every sale carries a lot of weight when it comes to pricing signals.

Houses: The Real Numbers

If you've been watching the "For Sale" signs in Campbell River North, here's what's actually happening with houses right now.

• Average assessed value: $767,123
• Average HonestDoor Price: $686,123 - that's 10.56% below the assessed value
• Recent sale average: $1,036,500
• Current average list price: $1,055,000
• Price per square foot: $414
• Homes are selling at 98.25% of list price - buyers are getting a small discount
• Average days on market: 42 days
• Predicted market value: $698,631
• Estimated monthly rent: $3,049
• Rental yield: 5.25% - that's a strong return
• Neighbourhood growth rank: 2 out of 9 in Campbell River - that puts us near the top of the leaderboard
• Price rank: 2 out of 8 in Campbell River - above average
• Days-on-market rank: 4 out of 8 - properties are moving at a moderate pace

The 42-day average tells us this is a stable buyers' market - not a frenzy, not a freeze. Sellers are getting close to asking, but buyers have a little room to negotiate. The 5.25% rental yield is genuinely solid for anyone thinking about holding rather than selling.

Condos: A Softer Picture

Condos in Campbell River North are telling a slightly different story, and we should be honest about it.

• Average HonestDoor Price: $425,182 - up 0.81% from last period
• Predicted market value: $421,755
• 3-month moving average: $426,489 - values are drifting down slightly
• Recent value change: -1.93%
• Estimated monthly rent: $2,007
• Rental yield: 4.00% - moderate returns
• Airbnb estimate: $100 per night
• Growth rank: 4 out of 9 in Campbell River - still above average on the neighbourhood leaderboard

Condo values have slipped 1.93% recently and the predicted value is sitting below the 3-month average. That's the market taking a breather. It's not a crash - it's a correction worth watching.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. It doesn't factor in current buyer demand or how long homes are actually sitting before they sell.

The HonestDoor Price is updated in real time. For houses in Campbell River North, the average HonestDoor Price of $686,123 is sitting 10.56% below the average assessed value of $767,123. That's an $81,000 gap. If you're pricing a home based on your assessment alone, you could be starting the conversation in the wrong place entirely.

Think of the HonestDoor Price as your real-world check - what the market is actually signalling today, not what a government formula calculated months ago.

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

Here's the straight talk for anyone considering a summer sale in Campbell River North.

• Houses are selling close to list price - 98.25% - so smart pricing matters. Come in too high and you'll sit for a while.
• 42 days on market means you need to plan ahead. If you want a summer close, you should be listing soon.
• The neighbourhood growth rank of 2 out of 9 is a genuine selling point. Campbell River North is outperforming most of the city on growth.
• For condos, the recent -1.93% value shift means timing is something to think about. Waiting for a rebound is a gamble right now.
• Compare us to nearby neighbourhoods - Seawalk is priced much higher at $1,233,049 average HonestDoor Price, which tells you there's still a ceiling above us. Campbelton at $546,580 shows we're well above the entry-level tier.

Bottom line - Campbell River North is not a market where you can set it and forget it. Check your HonestDoor Price, understand where you sit on the leaderboard, and make a move based on what the market is doing right now - not what your tax notice says.

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.