Campbell River North, Campbell River - September 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're still going off your tax assessment, you're working with the wrong number. Here's the straight story on where prices actually sit today.

The Vibe: Where Campbell River North Stands

Let's be honest - this market is taking a breather. We're not in freefall, but we're not on a rocket ship either. The neighbourhood is holding steady with 619 assessed properties and a growth rate of 0.01% year over year. That's not a typo. It's flat, and knowing that is actually useful information.

Here's how things break down for us across the two main property types.

Houses: The High-End of the Leaderboard

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

• Average sale price: $1,036,500 - essentially unchanged from last month
• Current average listing 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
• Only 1 property sold recently - a thin market
• Predicted market value: $691,840
• Rental yield: 5.26% - that's a strong return if you're thinking income property

The 42-day average on market tells you buyers aren't rushing. This is a stable buyers' market, which means if you're selling, pricing sharp from day one matters more than ever. On the neighbourhood leaderboard, houses here rank 8 out of 9 for growth - near the bottom of Campbell River. But flip that around: we rank 1 out of 8 for price. Campbell River North houses are the most expensive in the city. That's a real asset, even in a slow-growth environment.

Condos: A Different Story

Condos in Campbell River North are a quieter corner of the market, but there's something worth paying attention to here.

• Average HonestDoor Price: $422,502 - down 0.63% from last period
• Predicted market value: $425,182
• 3-month moving average: $425,659 - values are drifting slightly lower
• Estimated monthly rent: $2,020
• Rental yield: 4.00% - moderate, but consistent
• Growth rank: 4 out of 9 in Campbell River - above average

Condos here actually rank better for growth than houses do. If you own a condo in Campbell River North, you're sitting in a more competitive position on the city leaderboard than your house-owning neighbours. The values are nudging down slightly, but the rental income story is solid.

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

Here's the number that should get your attention. The average assessed value for a house in Campbell River North is $767,123. The average HonestDoor Price is $680,800. That's an 11.25% gap - and it's not in your favour if you're using the assessment to make decisions.

Government assessments are a snapshot from the past. They don't move with the market in real time. The HonestDoor Price is updated continuously using actual sales data, so it reflects what a buyer would likely pay today - not what a government office calculated months ago. Right now, that gap means a homeowner relying on their assessment could be overpricing a listing, leaving it to sit for 42-plus days, and eventually accepting less anyway.

The HonestDoor Price for houses has also dipped 0.78% from the previous period. That's a small move, but it's moving in one direction. Knowing that now - not at your next tax notice - is the whole point.

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

If selling is on your radar this summer, here's the honest read on your position in Campbell River North.

• You're in one of the priciest neighbourhoods in Campbell River - that's your leverage
• But growth is near the bottom of the city leaderboard, so don't expect the market to do the work for you
• Buyers are paying 98.25% of list - close to full price, but not over it
• Homes are sitting for 42 days on average - that's not fast
• Your assessed value is likely overstating what the market will actually pay by more than 11%

The move right now is to price based on your HonestDoor Price, not your assessment. A listing that comes in sharp and reflects real-world data will move faster than one anchored to a number from last year's tax roll. Nearby, Seawalk is commanding HonestDoor Prices around $1,218,204 and Downtown is sitting at $826,540 - so buyers in this price range have options. Make yours the easy choice.

Bottom line - Campbell River North is a premium address in a market that's catching its breath. If you know your real numbers going in, you're already ahead of most sellers on the street.

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.