Greendale-Cattermole-Yarrow, Chilliwack - August 2026 Real Estate Report

Greendale-Cattermole-Yarrow Is Sitting on More Money Than the City Thinks

If you own a home in Greendale-Cattermole-Yarrow and you have not looked at your HonestDoor Price lately, you are probably underestimating what your place is actually worth. The city's assessment says one thing. The real world says something else - and the gap is significant.

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

Let's break it down for us locals.

Houses: The average assessed value in our neighbourhood sits at $1,182,039. But the average HonestDoor Price is $1,286,176 - that is $104,137 more than what the city has on file. For houses specifically, the predicted market value is $1,285,341, which is ticking upward against the 3-month moving average of $1,281,725. That is a slow but steady climb. Price per square foot is running around $637, and the one house that sold in 2026 moved at $953,000. Sales volume is thin right now - only 1 sale, down 50% from last month - so we are not in a frenzy, but we are not in freefall either. The market is taking a breather.

• Average HonestDoor Price (Houses): $1,286,176
• Average assessed value: $1,182,039
• HonestDoor Price is 8.81% above the city assessment
• Price per square foot: $637
• Estimated monthly rent: $4,883
• Rental yield: 4.46%
• Airbnb potential: $243 per night - ranked No. 1 in all of Chilliwack
• Price rank: 1 out of 9 neighbourhoods - the most expensive in Chilliwack
• Growth rank: 5 out of 9 - below average on the leaderboard right now

Condos: The condo picture is a bit more mixed. The average HonestDoor Price for condos here is $421,211, which has dipped 0.54% from the previous period. The predicted value of $423,501 is also running below the 3-month moving average of $487,793 - that is a gap worth watching. That said, condos here rank 2 out of 9 neighbourhoods in Chilliwack for growth, which puts us in above-average territory on the leaderboard. Rental income potential sits at $2,178 per month with a 3.98% yield. One thing to note: nearby condos in Chilliwack Mountain ($728,337) and Promontory ($558,238) are priced significantly higher, which tells you our condo market here is on the more accessible end of the spectrum.

• Average HonestDoor Price (Condos): $421,211
• Estimated monthly rent: $2,178
• Rental yield: 3.98%
• Airbnb potential: $108 per night
• Condo growth rank: 2 out of 9 - above average in Chilliwack

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

Here is the thing about BC Assessment - it is a snapshot from the past. The numbers are based on data that is already months old by the time it lands in your mailbox. It does not know what happened on your street last week. It does not account for what buyers are actually paying right now.

The HonestDoor Price is updated in real time. It pulls from actual market activity, not a government formula frozen in time. In Greendale-Cattermole-Yarrow, that difference is not small - we are talking about an 8.81% gap between what the city thinks your house is worth and what the market says it is worth. On a home valued at $1,286,176, that is over $100,000 sitting in the gap. If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - using the old assessment number is leaving money on the table before you even start.

With 2,052 properties assessed in this neighbourhood, there is a lot of real estate here. Most owners are probably not checking in on their values regularly. That is the gap between the people who get the best outcomes and the people who wonder why they left money behind.

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

If you are weighing a summer sale, here is the honest read on where we stand.

On the plus side, Greendale-Cattermole-Yarrow is the most expensive neighbourhood in Chilliwack for houses - ranked No. 1 out of 9. Buyers who want to be here know they are paying a premium, and they are okay with that. Your Airbnb income potential also ranks No. 1 in the city, which is a real selling point for buyers who want flexibility. The HonestDoor Price is nudging upward, and it is already well above what the city assessment suggests.

On the cautious side, sales volume is low - only 5 transactions recorded in 2026 so far, and the most recent month saw just 1 house sell. That is a thin market. Fewer sales means less competition among buyers, which can affect how quickly you get an offer and at what price. House values have also shifted by -0.85% recently, and growth ranks 5 out of 9 on the neighbourhood leaderboard. The market is not surging right now.

The bottom line for sellers: you are in the most premium-priced neighbourhood in Chilliwack, but you are not in a hot seller's market at this exact moment. Price it right from day one using your HonestDoor Price as the real-world anchor - not the city assessment - and you give yourself the best shot at a clean, confident sale before summer winds down.

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.