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

Campbell River North Real Estate: What Your Neighbours Aren't Telling You

If you own a home in Campbell River North and you haven't checked your HonestDoor Price lately, here's the short version: the city thinks your house is worth more than the market does right now. That gap matters - especially if you're thinking about making a move this summer.

The Vibe: What's Actually Happening on Our Streets

Campbell River North is in a holding pattern. Not crashing, not surging - just catching its breath. Neighbourhood growth sits at 0.01% year over year, and the numbers back that up. Here's where we stand across both property types:

Houses: Steady, But Watch the Trend

• Average HonestDoor Price: $692,858
• Average Assessed Value: $767,123 - that's 9.68% higher than what the market is actually saying
• Average Sale Price: $800,000
• Price Per Square Foot: $541
• Homes are selling at 98.78% of list price - buyers are getting a small discount
• Average Days on Market: 16 days
• Rental Yield: 5.25% - that's a strong return for investors
• Estimated Monthly Rent: $3,040
• Transactions in 2026: 2 sales across 619 assessed properties

Only 1 house sold last month. That's a thin market. When volume is this low, one sale can swing the average dramatically - so treat that $800,000 figure as a data point, not a guarantee. The predicted market value of $694,656 is actually dipping below the 3-month moving average of $698,996, and values have shifted -1.27% recently. This is a buyers' market, plain and simple.

On the neighbourhood leaderboard, houses in Campbell River North rank 8 out of 9 for growth. That puts us near the bottom of the pack in Campbell River right now. The silver lining - days on market ranks 2 out of 8, meaning homes that are priced right are still moving relatively fast. Price rank sits at 2 out of 8, so we're above average in value compared to most of the city.

Condos: A Quieter Story, With a Bit of Momentum

• Average HonestDoor Price: $421,755 - down 1.93% from last period
• Predicted Market Value: $430,041 - actually trending up from the 3-month average of $427,007
• Estimated Monthly Rent: $2,041
• Rental Yield: 3.99% - moderate, but not bad
• Recent Value Change: +0.55%
• Airbnb Estimate: $99 per night

Condos here rank 4 out of 9 for growth in Campbell River - above average. The predicted value is creeping upward even while the HonestDoor Price dipped slightly. That small divergence is worth watching. If you own a condo in Campbell River North, the short-term signal is cautiously positive.

The Secret Sauce: Why Your Tax Assessment Is Lying to You (Kind Of)

Here's the thing about government assessments - they're a snapshot from the past. The city's average assessed value for houses in Campbell River North is $767,123. The HonestDoor Price is $692,858. That's a $74,265 gap. If you're pricing a home based on your assessment, you could be setting yourself up for a long, frustrating listing.

The HonestDoor Price pulls from real-time market signals - actual sales, current demand, and what buyers are genuinely willing to pay today. Think of it as the real-world check against a number that was calculated months ago and hasn't kept up with where the market has moved. For Campbell River North right now, the market is telling a more conservative story than the assessment office is.

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

If you're planning to list this summer, here's the honest breakdown:

• Price to the HonestDoor Price, not the assessment - that $74,000 gap will cost you time on market if you ignore it
• Homes are selling in about 16 days when priced right - that's actually decent speed for a market this quiet
• Buyers are paying 98.78% of list - so there's a small negotiation buffer, but don't expect full price
• With only 2 transactions in 2026 so far, competition among sellers is low - that's a window of opportunity
• If you're an investor or thinking about holding, that 5.25% rental yield on houses is genuinely strong

The bottom line for Campbell River North right now - it's not a hot market, but it's not broken either. Sellers who price honestly and move fast will find buyers. Those chasing the assessed value number will sit and wait. Check your HonestDoor Price before you do anything else.

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.