Gilmore, Richmond - August 2026 Real Estate Report

Gilmore, Richmond: Your Home Is Worth More Than the City Thinks

If you own a home in Gilmore and you have not checked your HonestDoor Price lately, you are probably sitting on a number that would surprise you. The city's assessment is one thing. What the market actually says is another story entirely.

The Vibe: What Is Happening With Houses and Condos Right Now

Let's break it down for us locals, because houses and condos are telling two different stories in Gilmore right now.

Houses

If you have been watching the "For Sale" signs on the house side, here is what is actually happening. The average HonestDoor Price for a house in Gilmore sits at $1,952,815. That is up from the 3-month moving average of $1,951,316, and the predicted market value is pushing even higher at $1,971,854. The market is not sprinting, but it is moving in the right direction.

• Average HonestDoor Price: $1,952,815
• Predicted Market Value: $1,971,854
• Recent Price Change: +0.44%
• Average Sale Price: $948,000
• Price Per Square Foot: $647
• Estimated Monthly Rent: $6,402
• Rental Yield: 4.09%
• Airbnb Potential: $318 per month
• Growth Rank: 3 out of 15 neighbourhoods in Richmond

That growth rank is worth pausing on. Out of 15 comparable neighbourhoods in Richmond, Gilmore houses land at number 3. That puts us near the top of the leaderboard. Every neighbour in Broadmoor, Shellmont, and Blundell is sitting on lower HonestDoor Prices and slower growth than we are. Broadmoor is at $1,837,176. Shellmont is at $1,576,914. Blundell is at $1,872,757. Gilmore leads the pack.

Condos

The condo side of Gilmore is where things get genuinely interesting. The HonestDoor Price for condos jumped 2.38% from the previous period, landing at $1,162,601. The predicted market value is $1,135,617, up from a 3-month moving average of $1,122,896. That is real, measurable momentum.

• Average HonestDoor Price: $1,162,601
• Recent Price Change: +2.38%
• Predicted Market Value: $1,135,617
• Average Sale Price: $860,000
• Price Per Square Foot: $790
• Estimated Monthly Rent: $4,480
• Rental Yield: 2.95%
• Airbnb Rank in Richmond: 1st
• Average Assessed Value Rank in Richmond: 1st
• Growth Rank: 5 out of 15 neighbourhoods in Richmond
• Price Rank: 3 out of 13 neighbourhoods in Richmond

Gilmore condos rank number 1 in Richmond for Airbnb potential and number 1 for average assessed value. If you own a condo here, you are sitting at the top of the city's leaderboard. Compared to nearby options, Broadmoor condos are at $566,488, Shellmont at $564,172, and Blundell at $940,194. Gilmore is not even in the same conversation.

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

Here is the honest truth about that assessment notice you got in the mail. The city assessed the average Gilmore house at $1,517,083. The average HonestDoor Price is $1,952,815. That is a gap of 28.72%. For condos, the city says $916,316. HonestDoor says $1,162,601. That is a 26.88% difference.

Government assessments are a snapshot from the past. They use data that is months old by the time it reaches your mailbox. The HonestDoor Price pulls from real-time market signals, recent sales, and current demand. It is the real-world check on what your property is actually worth today - not what a spreadsheet decided it was worth last year.

If you are making any financial decision - refinancing, selling, or just figuring out your net worth - use the number that reflects today's market. That is the HonestDoor Price.

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

Here is the straight talk for anyone considering a move this summer.

On the house side, the market is not on fire, but it is not cooling either. It is steady, with values ticking upward and Gilmore holding a top-3 growth position in Richmond. With only 1 house sold recently and 339 properties assessed this year, inventory is tight. Tight inventory generally works in a seller's favour.

On the condo side, a 2.38% price increase in one period is a signal worth paying attention to. Sitting at rank 3 out of 13 for price in Richmond means buyers looking at Gilmore condos know they are getting something above average - and they are willing to pay for it.

The bottom line for summer sellers is this. Gilmore is outperforming its neighbours across the board. Your assessed value is not your selling price. The gap between what the city thinks your home is worth and what the market will actually pay is significant - and right now, that gap is in your favour. Check your HonestDoor Price, talk to someone who knows this neighbourhood, and make your move with the right number in hand.

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.