Gilmore, Richmond - July 2026 Real Estate Report

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

If you have been glancing at your property tax assessment and feeling underwhelmed, here is the real number you should be looking at. Gilmore is quietly one of Richmond's stronger-performing pockets, and the gap between what the city says your home is worth and what the market actually says is significant.

The Vibe: What Is Actually Happening in Gilmore Right Now

Let us break it down by property type, because houses and condos are telling two different stories right now.

Houses

If you own a house in Gilmore, the market is giving you a solid signal. The predicted market value for houses sits at $1,963,145, and that number is climbing - it is up from the 3-month moving average of $1,947,091. Property values have moved 2.30% recently, which puts Gilmore houses at rank 4 out of 15 comparable neighbourhoods in Richmond for growth. That is above average, and that is worth paying attention to.

• Average HonestDoor Price: $1,971,854 (up 0.44% from last period)
• Predicted Market Value: $1,963,145
• Average Sale Price (2026): $948,000
• Price Per Square Foot: $647
• Estimated Monthly Rent: $6,381
• Rental Yield: 4.09%
• Airbnb Potential: $317 per night (ranked 5th in Richmond)
• Growth Rank: 4 out of 15 in Richmond - above average

One thing to flag - the average sale price of $948,000 looks low compared to the HonestDoor Price. That gap reflects very thin transaction volume (1 sale recorded so far in 2026), so that sale price number should be taken with a grain of salt. The HonestDoor Price, built on a much broader data set, is the more reliable figure here.

Condos

Condos in Gilmore are a different story, and we should be honest about it. The predicted market value of $1,102,395 is actually dipping slightly below the 3-month moving average of $1,111,079, and recent value change sits at -2.50%. That is the market taking a breather. Still, Gilmore condos rank 7 out of 15 for growth in Richmond - above average - and rank 6 out of 13 for price, which is above average too. We are not in freefall. We are just pausing.

• Average HonestDoor Price: $1,135,617 (up 3.01% from last period)
• Predicted Market Value: $1,102,395
• Average Sale Price (2026): $548,500
• Price Per Square Foot: $799
• Estimated Monthly Rent: $4,353
• Rental Yield: 3.03%
• Airbnb Potential: $216 per night (ranked 1st in Richmond - top of the board)
• Growth Rank: 7 out of 15 in Richmond - above average
• Price Rank: 6 out of 13 in Richmond - above average

That Airbnb rank of number 1 in Richmond is a standout stat for condo owners. If you are sitting on a unit and not thinking about short-term rental income, that is a conversation worth having.

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

Here is the thing about government assessments - they are a snapshot from the past. The city assessed the average Gilmore house at $1,517,083. The HonestDoor Price says $1,971,854. That is a gap of nearly $455,000, or roughly 30% more value than the city is giving you credit for.

For condos, the city's average assessed value is $916,316. The HonestDoor Price is $1,135,617 - about 24% higher. That is not a rounding error. That is real money sitting on the table that a static government number is not capturing.

The HonestDoor Price updates in real time using current market data. Your tax assessment does not. If you are making any financial decision based on your home's value - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world check you need.

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

Here is the straight talk for anyone in Gilmore weighing a summer sale.

For house owners, the timing looks reasonable. Values are trending up, the HonestDoor Price is nearly $2 million, and Gilmore is outpacing every single one of its immediate neighbours. Broadmoor, Shellmont, and Blundell are all cheaper and growing slower. That means buyers looking in this part of Richmond are going to land on Gilmore as a premium option - and the data backs that up.

For condo owners, the picture is a bit more nuanced. The short-term value trend is slightly negative, but the HonestDoor Price is still up 3.01% from last period, and your price and growth ranks are both above average in Richmond. If you need to sell this summer, the market is not working against you. If you can wait, watching the next few months of data would not hurt.

Either way, do not walk into a listing conversation armed only with your tax assessment. Pull your HonestDoor Price first. In Gilmore, the difference is not small - it is the difference between leaving money on the table and knowing exactly what you have got.

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.