Dunbar Southlands, Vancouver - July 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 story. Dunbar Southlands is holding its value in a market that is taking a breather - and the numbers tell an interesting story depending on whether you own a house or a condo.

The Vibe: Houses vs. Condos in Dunbar Southlands

Let us break down what is happening for each property type, because they are moving in different directions right now.

Houses - Steady at the Top of the Market

We are sitting in a neighbourhood where the average house carries a HonestDoor Price of $3,373,551. That is not a typo. Dunbar Southlands houses rank 6th out of 22 comparable Vancouver neighbourhoods on price - solidly above average. Growth ranks 6th out of 23, which puts us in the upper tier of the city leaderboard.

• Average HonestDoor Price: $3,373,551
• Average assessed value: $3,144,767
• HonestDoor Price vs. assessment: 7.28% higher
• Recent price change: up 0.83%
• Predicted market value: $3,345,873
• Average sale price (2026): $2,258,730
• Price per square foot: $889
• Properties sold in 2026: 3
• Estimated monthly rent: $10,076
• Rental yield: 3.27%
• Airbnb potential: $503 per night - ranked 7th in Vancouver
• Growth rank: 6 out of 23 neighbourhoods in Vancouver

The predicted market value of $3,345,873 is sitting just slightly below the 3-month moving average of $3,350,489. That is a rounding error, not a red flag. Prices are essentially flat, which in a market like Vancouver means your equity is being protected, not eroded.

How do we stack up against the neighbours? Arbutus Ridge is coming in at $3,486,387 and growing slightly slower than us. Kerrisdale is at $4,134,987 and growing a touch faster. We are in good company on this block of the city leaderboard.

Condos - A Different Story, Worth Watching

Condo owners, here is the honest picture. The HonestDoor Price for condos in Dunbar Southlands sits at $1,153,174 - and it has dipped 0.36% from the previous period. Growth ranks 12th out of 22 Vancouver neighbourhoods, which puts us in the below-average category right now. Price rank is 13th out of 22. The market is not falling apart, but it is not leading the pack either.

• Average HonestDoor Price: $1,153,174
• Average assessed value: $1,028,086
• HonestDoor Price vs. assessment: 12.17% higher
• Recent price change: down 0.36%
• Predicted market value: $1,157,356
• Average sale price (2026): $788,000
• Price per square foot: $837
• Properties sold in 2026: 1
• Estimated monthly rent: $4,554
• Rental yield: 2.81%
• Airbnb potential: $225 per night - ranked 17th in Vancouver
• Growth rank: 12 out of 22 neighbourhoods in Vancouver

The one bright spot - the predicted market value of $1,157,356 is actually creeping up past the 3-month moving average of $1,152,282. That upward tick on the forward-looking number is worth watching. Nearby, Kerrisdale condos are averaging $1,875,157 and West Point Grey is at $1,555,450. If you own a condo here and are thinking about a move up, those comparisons matter.

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

Here is something most homeowners do not realize until it is too late. The city's assessed value is a snapshot from the past - it does not update in real time and it does not reflect what a buyer would actually pay you today.

For houses in Dunbar Southlands, the HonestDoor Price is running 7.28% above the average city assessment. On a $3,144,767 assessed value, that gap is roughly $228,784. For condos, the gap is even wider - 12.17% above assessment, which translates to about $125,088 in value the city's number is not capturing.

The HonestDoor Price pulls from real-time market signals - recent sales, current demand, and what comparable properties are actually trading for. It is the real-world check against a static government number that gets updated once a year. If you are making any financial decision - refinancing, selling, or just figuring out where you stand - start with the HonestDoor Price, not the assessment notice in your mailbox.

The So What - Should You Sell in Dunbar Southlands This Summer?

If you own a house here and have been on the fence, the conditions are reasonable. Prices are holding, the HonestDoor Price is above assessment, and Dunbar Southlands sits in the top quarter of Vancouver neighbourhoods for both price and growth. Transaction volume is thin - only 3 house sales in 2026 so far - which means less competition from other sellers. Less inventory can work in your favour if you price it right.

For condo owners, the calculus is a bit different. Growth is below average and you are competing against better-priced product in nearby Kerrisdale and West Point Grey. That does not mean do not sell - it means price it sharp and do not leave money on the table by anchoring to your assessed value. Your HonestDoor Price of $1,153,174 is the more honest starting point for that conversation.

Bottom line - Dunbar Southlands is not a market in distress. It is a premium neighbourhood taking a measured pause. For houses, summer 2025 is a defensible time to list. For condos, go in with clear eyes and a competitive price.

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.