Dunbar Southlands, Vancouver - August 2026 Real Estate Report

Dunbar Southlands Real Estate Update: Your Home Is Worth More Than the City Thinks

If you have been watching the "For Sale" signs on those tree-lined streets and wondering what is actually going on with prices, here is the straight answer. Dunbar Southlands is holding its value in a market where a lot of neighbourhoods are not. That is worth paying attention to.

The Vibe: Houses vs. Condos

Houses

Our houses are the story right now. The average HonestDoor Price sits at $3,397,437 - up 0.71% from last period and trending in the right direction. The predicted market value for houses is $3,373,551, which is already climbing past the 3-month moving average of $3,351,358. That upward momentum is real.

• Average HonestDoor Price: $3,397,437
• Average assessed value: $3,144,767
• HonestDoor Price vs. assessment: 8.03% higher
• Average sale price: $2,258,730
• Price per square foot: $889
• Estimated monthly rent: $10,131
• Rental yield: 3.26%
• Properties sold in 2026: 3
• Neighbourhood growth rank: 3 out of 23 in Vancouver
• Price rank: 5 out of 22 in Vancouver

That growth rank is the number to bookmark. Third out of 23 comparable Vancouver neighbourhoods puts us firmly on the leaderboard - not chasing the pack, leading it. Values changed 0.83% recently, and with only 3 sales recorded so far in 2026, each transaction carries serious weight in setting the benchmark for the whole street.

Condos

The condo picture is a bit more nuanced. We are seeing a slight dip of 0.36% in recent values, but the HonestDoor Price of $1,161,079 is still 12.94% above the city's assessed value of $1,028,086. That gap alone tells you something important. The predicted market value of $1,153,174 is nudging above the 3-month moving average of $1,148,133, so the floor feels stable.

• Average HonestDoor Price: $1,161,079
• Average assessed value: $1,028,086
• HonestDoor Price vs. assessment: 12.94% higher
• Average sale price: $788,000
• Price per square foot: $837
• Estimated monthly rent: $4,531
• Rental yield: 2.82%
• Properties sold in 2026: 1
• Growth rank: 7 out of 22 in Vancouver
• Price rank: 13 out of 22 in Vancouver

Seventh out of 22 on the growth leaderboard is above average - no spin needed. The condo market here is quieter in volume, but it is not falling apart. Nearby, Kerrisdale condos are averaging $1,881,615 and Arbutus Ridge is at $1,413,113, so Dunbar Southlands condos are priced with room to grow relative to the immediate competition.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here is the thing about your city assessment. It is a snapshot from the past. The government looks at sale data from months ago, runs it through a formula, and mails you a number. By the time it lands in your mailbox, the market has already moved.

The HonestDoor Price is the real-world check on that static number. For houses in Dunbar Southlands, the HonestDoor Price is running 8.03% above the city's assessed value. For condos, that gap is even wider at 12.94%. If you are making any financial decision - refinancing, selling, or just figuring out your net worth - using the city's number means you are working with incomplete information. The HonestDoor Price pulls in current market signals across 5,551 assessed properties in this neighbourhood alone. That is a much more honest picture of what your home is worth today.

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

If selling is on your radar, the timing conversation is actually interesting right now. Here is what the data is telling us.

For house sellers, you are in a strong spot. A top-3 growth ranking in Vancouver, an HonestDoor Price well above assessment, and a rising predicted value all point to a market that is working in your favour. With only 3 house sales recorded in 2026 so far, inventory is tight. Tight inventory with steady demand is a seller's friend. Buyers looking in this price range do not have a lot of options, and that keeps negotiating power on your side of the table.

For condo sellers, the picture is more measured. Values dipped slightly in the recent period, and with just 1 condo sale in 2026, the market is thin. Thin can cut both ways - one strong sale can reset expectations upward, but low volume also means less certainty on pricing. The fact that your HonestDoor Price is nearly $133,000 above the city's assessment is a useful anchor when you are setting your list price. Do not let an outdated assessment talk you into leaving money on the table.

Bottom line - Dunbar Southlands is not a neighbourhood that needs a hard sell. The numbers back it up. If you want to know exactly where your specific property sits on the leaderboard, pull your HonestDoor Price before you call an agent. It is the most current read you are going to get.

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.