Campbell River North, Campbell River - October 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 market is saying something else entirely - and the gap between those two numbers is costing some homeowners real money in decisions they're making right now.
The Vibe: What the Market Is Telling Us
Let's be straight with each other. Campbell River North is taking a breather. It's not falling apart - but it's not running hot either. Here's the split between houses and condos, because they're telling two different stories.
Houses: Expensive, But Buyers Have the Upper Hand
Houses here are the priciest in Campbell River - ranking 1 out of 8 neighbourhoods on price. That's a real flex. But with only 1 sale recorded recently and homes sitting on the market for an average of 42 days, we're clearly in a buyers' market right now. Sellers are negotiating. Buyers are paying about 98.25% of list price on average, which means a $1,000,000 listing is closing closer to $982,500. That gap matters.
- Average sale price: $1,036,500
- Average list price this month: $1,055,000
- Price per square foot: $414
- Average days on market: 42
- Sale-to-list ratio: 98.25%
- Predicted market value (HonestDoor): $686,466
- 3-month moving average: $692,312 - values are dipping slightly
- Rental yield: 5.27% - that's a strong return if you're thinking income property
- Estimated monthly rent: $3,012
- Growth rank in Campbell River: 6 out of 9 - below average on the neighbourhood leaderboard
Days-on-market ranks 4 out of 9, so houses here aren't sitting forever - they're moving at a moderate pace. But with growth ranking 6 out of 9, we're not leading the pack. Neighbourhoods like Seawalk (HD Price $1,223,564) are priced higher and growing faster. That's worth knowing if you're comparing where to buy or sell.
Condos: The Honest Picture
Condos in Campbell River North are the one segment where we need to have a frank conversation. The HonestDoor Price sits at $416,930 - down 1.32% from last period. The predicted market value is $422,502, and that number is also sliding against its 3-month moving average of $423,146. Small moves, but they're all pointing the same direction.
- Average HonestDoor Price: $416,930 - down 1.32%
- Predicted market value: $422,502
- 3-month moving average: $423,146
- Recent value change: -0.63%
- Estimated monthly rent: $2,008
- Rental yield: 4.00% - moderate, not spectacular
- Airbnb estimate: $99 per night
- Growth rank in Campbell River: 9 out of 9 - last place on the neighbourhood leaderboard right now
That growth rank of 9 out of 9 is the number condo owners here need to sit with. It doesn't mean your unit is worthless - it means this segment is underperforming every comparable neighbourhood in Campbell River right now. If you're holding a condo and thinking about your next move, sooner is probably better than later.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here's the thing about your city assessment. It's a snapshot from the past. The average assessed value for houses in Campbell River North is $767,123. The average HonestDoor Price is $680,022. That's an 11.35% gap - and it's not in your favour if you're using the assessment to make financial decisions.
The HonestDoor Price updates in real time using actual market data. Your tax assessment doesn't. If you're using that $767,123 number to figure out your equity, your refinancing options, or what to list at - you may be working with a number that's already out of date. The HonestDoor Price is the real-world check. Use it.
With 619 properties assessed in the neighbourhood and neighbourhood growth sitting at just 0.01% year over year, the market here is essentially flat. That makes accurate, current pricing more important than ever - not less.
The So What: Should You Sell This Summer?
If you own a house in Campbell River North and you've been on the fence about selling, here's the honest read. You're sitting in the most expensive neighbourhood in Campbell River by price rank. That's your leverage. But buyers know they have options right now - 42 days on market and a sub-list sale price tells you the negotiating power has shifted toward them.
Pricing sharp from day one is everything in this market. Overpricing because your assessment says $767,123 when the HonestDoor Price says $680,022 is how homes sit. Price to the real market, not the government's last guess.
For condo owners, the math is more urgent. Ranking last in growth across Campbell River neighbourhoods, with values trending down over the last three months, waiting for a rebound that isn't showing up in the data yet is a risk. If selling is on your radar, get your HonestDoor Price now and have that conversation with your agent before the summer window closes.
Bottom line - Campbell River North has real strengths. Strong rental yields on houses, a high price rank, and a location that draws attention. But the market is asking for honesty right now, not optimism. Know your real number. Make your move from there.
campbell river north | campbell river | 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.