Gilmore, Richmond - September 2026 Real Estate Report

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

If you have been glancing at your latest property assessment and feeling a little underwhelmed, you are not alone. The city's number and what your home would actually sell for in Gilmore right now are two very different things - and the gap is significant.

The Vibe: What Is Actually Happening in Gilmore

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

Houses in Gilmore

If you own a house here, you are sitting on one of Richmond's pricier addresses. The average sale price is sitting at $1,800,000, with a price per square foot of around $1,036. That is not cheap - and that is the point. Gilmore houses rank 4th out of 13 neighbourhoods in Richmond for price. We are near the top of the leaderboard on value.

• Average HonestDoor Price: $1,959,872
• Average Assessed Value: $1,517,083
• The gap: HonestDoor is 29.19% higher than the city's assessment
• Recent price change: -0.97%
• 3-month moving average: $1,962,604 (current predicted value is just below at $1,952,815)
• Estimated monthly rent: $6,371
• Rental yield: 4.10%
• Airbnb potential: $316 per night - ranked 4th in Richmond
• Growth rank: 11 out of 15 in Richmond

Here is the honest part: house values are taking a breather. Growth ranks 11th out of 15 neighbourhoods, and the predicted value is dipping slightly below the 3-month average. We are not in freefall - but we are not sprinting either. Neighbourhood year-over-year growth is down 0.01%. Small number, but worth watching.

Compare us to the neighbours: Broadmoor houses average $1,821,947, Blundell sits at $1,854,757, and Shellmont comes in at $1,556,527. All three are cheaper than Gilmore, and all three are growing slower. So while our growth rank is not flashy, our price floor is holding strong relative to the area.

Condos in Gilmore

This is where Gilmore gets interesting. Our condos are quietly one of the strongest performers in all of Richmond right now.

• Average HonestDoor Price: $1,173,822
• Average Assessed Value: $916,316
• The gap: HonestDoor is 28.10% higher than the city's assessment
• Recent price change: +2.38%
• 3-month moving average: $1,133,538 (current predicted value of $1,162,601 is trending up)
• Estimated monthly rent: $4,566
• Rental yield: 2.92%
• Airbnb potential: $227 per night - ranked 1st in Richmond
• Growth rank: 2 out of 15 in Richmond
• Price rank: 2 out of 13 in Richmond

Gilmore condos rank 2nd in Richmond for both price and growth. That is not a coincidence - that is a neighbourhood leaderboard result that should make every condo owner here pay attention. Values are up 2.38% recently, and the predicted market value is climbing above the 3-month average. That is momentum.

For context, nearby Broadmoor condos average $561,450 and Shellmont sits at $555,004. Gilmore condos are in a completely different weight class. Even Blundell, the closest competitor at $962,137, is well below us. The average sale price of $860,000 is also worth noting - it is below the HonestDoor predicted value of $1,162,601, which suggests there is room for well-priced listings to perform strongly.

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

Here is something most homeowners in Gilmore do not realize: the city's assessed value is a snapshot from the past. It does not update in real time, it does not factor in what your specific street is doing right now, and it almost always lags behind what buyers are actually willing to pay.

For houses, the city says $1,517,083. HonestDoor says $1,959,872. That is a $442,789 difference. For condos, the city says $916,316. HonestDoor says $1,173,822. That is a $257,506 gap.

If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value is like navigating with an old map. The HonestDoor Price pulls from real-world transaction data and updates regularly. It is the real-world check on a number the city hands you once a year and calls it done.

The So What - Thinking About Selling This Summer?

If you own a condo in Gilmore and you have been on the fence, the data is nudging you toward action. Values are rising, growth ranks near the top of Richmond, and the Airbnb ranking of 1st in the city signals strong demand from multiple buyer types. A well-priced listing right now has a real audience.

For house owners, the picture is more nuanced. Prices are strong and you are sitting above your neighbours in value - but growth has slowed and the market is not pushing prices up aggressively right now. That does not mean do not sell. It means price it right from day one. Overpricing a house in a slow-growth environment is the fastest way to sit on the market and lose leverage.

Either way, the first step is the same: check your HonestDoor Price before you call anyone. Know your real number - not the city's old one.

• Houses: Strong price floor, growth taking a breather, rank 11 of 15 for growth
• Condos: Top 2 in Richmond for both price and growth - momentum is real
• Both property types: HonestDoor Price is roughly 28-29% above city assessment
• Rental income potential is solid across both - $6,371 for houses, $4,566 for condos
• 3 transactions recorded in 2026 so far - low volume means each listing gets attention

Low transaction volume cuts both ways. There is not a lot of competition on the market right now, which is good for sellers. But it also means buyers have fewer data points, so your listing needs to be priced with precision. That is exactly what the HonestDoor Price helps you do.

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.