If you own a home in Dufferin and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table - or at least leaving yourself in the dark. Here's the real picture of what's happening on our streets right now.
We're seeing two pretty different stories play out depending on what you own here.
On the house side, things are moving. The average sale price hit $975,450 this period - up 9.0% from last month. That's not a small jump. Listings are sitting at an average of $1,056,560, and homes are selling at 97.64% of list price, so buyers are getting a slight discount but not a big one. The catch? Only 4 houses sold, down 20% from last month, and they sat on the market for an average of 58 days. So prices are climbing, but the pool of buyers is thinner. That's a market that rewards patience and smart pricing.
For condos, us condo owners are looking at a quieter picture. One unit sold this period at $409,300. Condos are sitting on the market for 29 days - slightly longer than nearby Southgate at 26 days. The predicted value of $391,525 is actually dipping below the 3-month moving average of $412,054, which tells us condo values in Dufferin are taking a breather right now. The rental yield sits at 4.04%, which is moderate - not a home run, but not a loss either.
Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the new park down the street. It's a starting point, not a selling point.
The average assessed value for a Dufferin house is $820,122. The average HonestDoor Price is $841,966. That's a gap of roughly $21,844 - and it reflects what the real world is actually doing with prices, not what a government spreadsheet calculated last year. The HonestDoor Price updates in real time, pulling from actual transaction data. Think of it as the real-world check your assessment never was.
For condos, the HonestDoor Price sits at $395,746, up 1.08% from the previous period. No assessed value comparison is available for condos here, but that upward tick is worth watching.
On the neighbourhood leaderboard, Dufferin houses rank 5 out of 23 for price in Kamloops - that's solidly above average. Growth rate ranks 15 out of 27, which puts us in the below-average tier for appreciation right now. Days on market ranks 15 out of 20, meaning our homes are taking longer to sell than most Kamloops neighbourhoods. For condos, price ranks 7 out of 15 - above average. Condo growth ranks 17 out of 27, also below average.
The bottom line: Dufferin is a higher-priced neighbourhood that's moving a bit slower than the Kamloops pack. That context matters when you're deciding when and how to list.
If you're a house owner eyeing a summer sale, the price momentum is working in your favour right now. A 9% jump in average sale price month over month is real. But 58 days on market and only 4 transactions tell you that buyers are selective. Price it right from day one - don't chase the listing average of $1,056,560 if your home doesn't justify it. Homes here are selling for 97.64% of list, so overpricing just burns time.
If you own a condo and you're thinking about selling, the data suggests moving sooner rather than later. The predicted value is sliding below the 3-month average, and with only 1 transaction this period, there isn't a lot of buyer competition working in your favour. A well-priced condo at or near $409,300 can still move in under a month.
For both property types, check your HonestDoor Price before you call an agent. It's the most current read on what your home is actually worth - not what the city assessed it at months ago. In a market where every dollar counts, that difference is your starting advantage.
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.