Deep Cove, North Vancouver - August 2026 Real Estate Report

Deep Cove Real Estate: Your Neighbour's House Is Worth More Than the City Thinks

If you've been glancing at your latest property assessment and wondering if it tells the whole story - it doesn't. Here's what's actually happening in Deep Cove right now.

The Vibe: Where Deep Cove Sits Today

Deep Cove is one of those pockets of North Vancouver where the numbers don't move fast, but they move in the right direction. With 630 properties assessed this year and an average HonestDoor Price of $2,290,217 across the neighbourhood, we're sitting in a market that's holding its ground. Neighbourhood growth is essentially flat at -0.01% year over year - call it a breather, not a warning sign.

Transaction volume is thin. Only 2 property sales recorded in 2026 so far. That's not a red flag - it's Deep Cove. We don't churn. But low volume means every sale carries more weight, and pricing your home right the first time matters more here than almost anywhere else.

Houses: Solid Ground, But Watch the Trend

Here's the honest picture for Deep Cove houses right now:

• Average HonestDoor Price: $2,274,617
• 3-month moving average: $2,316,807 - and the current price is trending below it
• Recent price change: -3.03%
• Average sale price: $1,443,000
• Price per square foot: $1,112
• Estimated monthly rent: $7,488
• Rental yield: 3.64%
• Airbnb income potential: $372 per night
• Growth rank: 33 out of 52 neighbourhoods in North Vancouver
• Price rank: 38 out of 47 - among the more affordable options in the city

That -3.03% recent price shift is worth paying attention to. We're not in freefall, but the 3-month trend is drifting downward. If you're a house owner thinking about selling, the window to catch the higher end of that moving average is narrowing. A growth rank of 33 out of 52 puts us in the below-average tier on the North Vancouver leaderboard - not last, but not leading the pack either.

On the rental side, $7,488 a month with a 3.64% yield is a reasonable return for a property at this price point. Not spectacular, but steady.

Condos: A Different Story Entirely

The condo picture in Deep Cove is genuinely interesting - and it's moving in the opposite direction from houses.

• Average HonestDoor Price: $2,798,131
• 3-month moving average: $2,754,014 - and the current price is trending above it
• Recent price change: +4.14%
• Average sale price: $790,000
• Price per square foot: $721
• Estimated monthly rent: $8,127
• Rental yield: 2.14%
• Airbnb income potential: $403 per night
• Airbnb rank in North Vancouver: 2nd
• Growth rank: 12 out of 48 neighbourhoods in North Vancouver
• Price rank: 11 out of 21 - below average in price

A growth rank of 12 out of 48 puts Deep Cove condos firmly in the above-average tier on the North Vancouver leaderboard. The HonestDoor Price is climbing past its 3-month average, and that +4.14% recent shift is real momentum. The Airbnb rank of 2nd in all of North Vancouver is a standout number - Deep Cove's short-term rental appeal is hard to argue with. If you own a condo here, that's a serious asset.

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

Your city assessment is a snapshot taken months ago, using data that's even older. It's not wrong - it's just stale. The average assessed value for Deep Cove houses sits at $2,217,620. The average HonestDoor Price is $2,290,217. That's a gap of roughly $72,000 - and it's 3.27% higher than what the city has on file.

That difference isn't just a number. It's the gap between what a buyer might offer based on public records and what your home is actually worth in today's market. The HonestDoor Price updates in real time. Your assessment doesn't. If you're making any decision - selling, refinancing, or just benchmarking your equity - use the number that reflects right now, not last year.

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

For house owners, the timing conversation is real. Prices are sitting below the 3-month moving average and the recent trend is -3.03%. That doesn't mean panic - Deep Cove houses are still commanding over $2.2 million on average. But if you were planning to list this summer, sooner beats later. Waiting for the market to climb back to that $2,316,807 moving average is a gamble right now.

For condo owners, the momentum is on your side. Prices are up 4.14% recently, the HonestDoor Price is above its 3-month average, and you're sitting in a neighbourhood ranked 2nd in North Vancouver for Airbnb potential. That's a strong story to tell a buyer.

Either way, check your HonestDoor Price before you have a single conversation with an agent. It's your real-world number - not the city's best guess from last year.

How Deep Cove Stacks Up Against the Neighbours

Context matters. Here's how we compare to the streets around us:

• Indian River - House HD Price $1,822,582, Rental $6,327 - cheaper than us, growth essentially flat
• Cove Cliff - House HD Price $2,379,085, Rental $7,742 - slightly pricier, growth also flat at -0.01%
• Parkgate - House HD Price $1,401,394, Rental $5,289 - notably more affordable, growth data unavailable

For condos, every nearby neighbourhood - Indian River at $846,723, Cove Cliff at $932,825, and Parkgate at $885,980 - comes in well below Deep Cove's $2,798,131 HonestDoor Price. Deep Cove condos are in a category of their own on this stretch of the North Shore.

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.