Dunbar Southlands, Vancouver - October 2026 Real Estate Report
Dunbar Southlands Real Estate Update: Your Home Is Worth More Than the City Thinks
The Vibe Right Now
If you own in Dunbar Southlands, here is the honest truth: the city's assessment is lagging behind reality. The average assessed value for a house here sits at $3,144,767 - but the average HonestDoor Price is $3,375,701. That is a gap of over $230,000. For condos, the spread is even wider. Assessed at $1,028,086 on average, but the HonestDoor Price comes in at $1,169,662. That is 13.77% more than what the city has on paper. If you are making any financial decision based on your assessment notice, you are working with old information.
The neighbourhood itself is taking a breather. Growth dipped 0.05% year over year for houses and 0.09% for condos. But here is the thing - that is not a red flag. Every premium neighbourhood in this part of Vancouver is in the same boat. Arbutus Ridge is down 0.05%. Kerrisdale is down 0.04%. This is a market-wide pause, not a Dunbar Southlands problem.
Houses vs. Condos - What We Are Actually Seeing
On the house side, things look solid. The average sale price is sitting at $3,150,000, with a price per square foot around $1,550. The predicted market value from HonestDoor is $3,408,562 - already trending up from the 3-month moving average of $3,393,183. That upward tick matters. It tells us momentum is building, not fading. And on the neighbourhood leaderboard? Houses in Dunbar Southlands rank 1 out of 23 Vancouver neighbourhoods for growth rate right now. That is the top spot. If someone tells you this market is slow, show them that number.
- Average House HonestDoor Price: $3,375,701
- Average Sale Price: $3,150,000
- Price Per Square Foot: $1,550
- Predicted Market Value: $3,408,562
- Estimated Monthly Rent: $10,223
- Rental Yield: 3.26%
- Growth Rank in Vancouver: 1 out of 23
Condos tell a slightly different story. The average sale price came in at $788,000, with a price per square foot around $837. The HonestDoor predicted value is $1,171,349, up from the 3-month moving average of $1,161,867. Condos here rank 1 out of 22 Vancouver neighbourhoods for growth - same top-of-the-leaderboard position as houses. The trade-off is that on price, condos rank 13 out of 22, which puts us below average compared to the rest of the city. Nearby Arbutus Ridge, Kerrisdale, and West Point Grey all have higher condo prices. So if you own a condo here and are thinking about upgrading, your equity is real - but the competition in this price bracket is stiff.
- Average Condo HonestDoor Price: $1,169,662
- Average Sale Price: $788,000
- Price Per Square Foot: $837
- Predicted Market Value: $1,171,349
- Estimated Monthly Rent: $4,573
- Rental Yield: 2.80%
- Growth Rank in Vancouver: 1 out of 22
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Assessment
Your BC Assessment is a snapshot taken months ago, based on market conditions that have already changed. It is not wrong - it is just slow. The HonestDoor Price updates in real time using actual transaction data, current market signals, and neighbourhood trends. For houses in Dunbar Southlands, that difference is $230,934. For condos, it is $141,576. Those are not rounding errors. That is real money that affects what you can negotiate, what you can borrow against, and what you should expect if you list.
Think of the HonestDoor Price as the real-world check your assessment never gives you. It is what a buyer would actually pay today - not what the city calculated last July.
The So What - Should You Sell This Summer?
Here is the straight answer: if you own a house in Dunbar Southlands and have been sitting on the fence, the data is nudging you toward action. You are sitting at the top of Vancouver's growth leaderboard, your predicted value is ticking upward, and the gap between assessed value and real market value means you likely have more equity than you think. With only 5 house transactions recorded in 2026 so far, inventory is tight. Low supply and a top growth ranking is a decent combination for a seller.
For condo owners, the picture is more nuanced. You are also ranked number one for growth, which is genuinely good. But with nearby neighbourhoods commanding significantly higher prices, buyers in this range have options. Pricing sharp and presenting well will matter more for condos than for houses right now.
One more number worth knowing: the Airbnb rank for Dunbar Southlands sits at 5 in Vancouver for houses, with an estimated $508 per month in short-term rental income potential. If you are not selling and are considering your options, that is a data point worth having in your back pocket.
Bottom line - do not make a move based on your assessment notice alone. Pull your HonestDoor Price first. It takes 30 seconds and it is the most current number you will find.
dunbar southlands | vancouver | october 2026This 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.