Dunbar Southlands, Vancouver - September 2026 Real Estate Report

Dunbar Southlands Real Estate Update: Solid Prices, Quiet Market

If you own a home in Dunbar Southlands and you haven't looked at your HonestDoor Price lately, you're probably leaving real money on the table. The city's assessment numbers are already stale - and the gap between what the government thinks your place is worth and what it's actually worth right now is significant.

The Vibe: What's Happening on Our Streets

Let's be honest - transaction volume is low. We saw 4 house sales and 1 condo sale so far in 2026. That's not a crash, it's just a quiet stretch. Dunbar Southlands has always been a neighbourhood where people hold onto their properties, and the numbers back that up. Prices aren't falling off a cliff - they're just taking a breather.

Here's the split between houses and condos right now:

Houses in Dunbar Southlands

• Average sale price: $3,000,000
• Price per square foot: $1,272
• HonestDoor predicted market value: $3,397,437
• 3-month moving average: $3,372,287 - and values are trending up from there
• Estimated monthly rent: $10,197
• Rental yield: 3.26%
• Recent value change: up 0.71%
• Growth rank: 12 out of 23 Vancouver neighbourhoods - right in the middle of the pack
• Price rank: 5 out of 22 - we're near the top for home values in the city

One thing worth noting: the average HonestDoor Price for houses sits at $3,408,562 - that's 8.39% higher than the city's average assessed value of $3,144,767. That gap matters. It means if you're using your tax assessment to gauge what your house is worth, you're likely underestimating it by a meaningful amount.

Condos in Dunbar Southlands

• Average sale price: $788,000
• Price per square foot: $837
• HonestDoor predicted market value: $1,161,079
• 3-month moving average: $1,157,203 - values are climbing from here
• Estimated monthly rent: $4,553
• Rental yield: 2.81%
• Recent value change: up 0.69%
• Growth rank: 5 out of 22 Vancouver neighbourhoods - above average, and that's a real bright spot
• Price rank: 12 out of 22 - sitting at the midpoint for condo prices across the city

The condo story here is interesting. The HonestDoor Price of $1,171,349 is running 13.93% above the city's assessed value of $1,028,086. That's a bigger gap than we see on the house side. If you own a condo in Dunbar Southlands, the government's number is really not telling your story accurately.

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

Here's the thing about BC Assessment numbers - they're a snapshot from July 1st of the previous year. By the time that letter hits your mailbox, the data is already six to twelve months old. A lot can shift in that time.

The HonestDoor Price is updated in real time using current sales data, market trends, and what's actually happening in Dunbar Southlands right now. For houses, that means a real-world value of $3,408,562 versus the government's $3,144,767. That's a difference of roughly $263,000. For condos, the gap is about $143,000.

If you're making any financial decision - refinancing, estate planning, deciding whether to sell - using a stale assessment number is like navigating with last year's map. The HonestDoor Price is the real-world check you need.

The So What: Thinking About Selling This Summer?

If you're a homeowner in Dunbar Southlands weighing a summer sale, here's the straight talk:

• Prices are holding up well - we rank 5th in Vancouver for house values, which is a strong position
• Transaction volume is low, which means less competition from other sellers right now
• Your HonestDoor Price is trending upward - house values are up 0.71% recently and climbing past the 3-month average
• Nearby, Kerrisdale condos are averaging $1,873,562 - significantly higher than our $1,171,349 - so buyers priced out of those neighbourhoods may be looking your way
• With only 1 condo transaction recorded so far in 2026, a well-priced listing could stand out in a thin market

The neighbourhood isn't sprinting ahead on growth - sitting 12th out of 23 for houses puts us in the middle of the leaderboard. But Dunbar Southlands has never been about fast flips. It's about holding strong, premium real estate in one of Vancouver's most established pockets. The fundamentals here are solid. If your timeline works for a summer sale, the pricing data suggests now is a reasonable window - just make sure you're working from your HonestDoor Price, not a number the government calculated over a year ago.

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.