Grousewoods, North Vancouver - July 2026 Real Estate Report

Grousewoods Real Talk: Your Home Is Worth More Than You Think - But the Window Might Be Closing

If you live in Grousewoods and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment says one thing. The real market is saying something slightly different. Here's the honest breakdown.

The Vibe: What's Actually Happening on Our Streets

Grousewoods is a quiet, well-priced pocket of North Vancouver - and the numbers back that up. With 342 properties assessed and only 3 transactions recorded in 2026, this is not a neighbourhood where homes change hands often. When they do sell, people pay attention.

The neighbourhood growth rate is down 0.06% year over year, which means we're taking a breather. Not a freefall - a breather. The leaderboard stat that matters: houses here rank 43 out of 54 neighbourhoods in North Vancouver for growth rate. That's below average. But flip it around - on price, we rank 17 out of 47. That means Grousewoods is an above-average-priced neighbourhood that is currently growing slower than most. That combination is worth knowing before you make any moves.

Houses: Solid Price, Slow Momentum

Here's where we stand on the house side of things right now.

• Average sale price: $2,225,000
• Price per square foot: $716
• Predicted market value: $2,065,630
• 3-month moving average: $2,068,230 - values are edging down slightly
• Estimated monthly rent: $6,986
• Rental yield: 3.63%
• Properties sold recently: 1

One sale is a thin data set, but the price held at $2,225,000 - essentially unchanged. The predicted value is trending just below the 3-month average, which tells us momentum is flat to slightly soft. Not a crash. Just not a seller's sprint either.

Compare us to the neighbours: Canyon Heights houses are averaging a HonestDoor Price of $2,685,179 and Handsworth is at $2,715,988. Both are growing faster than Grousewoods right now. That gap is something to watch if you're thinking about your next move.

Condos: A Flicker of Life

The condo picture in Grousewoods is actually a bit more interesting right now.

• Average HonestDoor Price: $1,050,390 - down 2.89% from last period
• Predicted market value: $1,081,620
• 3-month moving average: $1,053,467 - and the predicted value is above it, meaning momentum is ticking up
• Estimated monthly rent: $4,459
• Rental yield: 2.70%
• Airbnb estimate: $217 per night
• Growth rank: 26 out of 48 neighbourhoods

The HonestDoor Price dropped 2.89%, but the predicted value is now sitting above the 3-month moving average. That is a small but real sign that condo values here may be stabilizing. We rank 26 out of 48 on growth - right in the middle of the pack. Not leading, not lagging. Nearby, Handsworth condos are at $1,120,000 and Cleveland is at $1,105,540, so we're priced a bit below both. That could mean upside, or it could mean the market is telling us something.

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

Here is the thing about your city assessment. It is a snapshot taken months ago, calculated on data that is already old by the time it hits your mailbox. The average assessed value in Grousewoods is $2,038,842 for houses. The average HonestDoor Price is $2,015,059 - that is 1.17% lower than what the city says your home is worth.

That gap is not huge, but it is real money. On a $2 million home, 1.17% is roughly $23,000. If you are making decisions about selling, refinancing, or even just understanding your net worth, using a number that is $23,000 off is not ideal. The HonestDoor Price updates in real time, pulling from actual market activity. The assessment does not. One is a live feed. The other is a photograph from last year.

The HonestDoor Price for houses is also down 2.45% from the previous period. That is the market talking. Your assessment has not caught up to that yet - and it won't until next year.

The So What - Thinking About Selling This Summer?

If you are weighing a summer sale in Grousewoods, here is the straight talk.

• Prices are holding above $2 million for houses, but momentum is soft
• Transaction volume is low - only 3 sales recorded in 2026 so far - which means less competition but also fewer buyers actively shopping the neighbourhood
• Growth ranks 43 out of 54 in North Vancouver - buyers doing their homework will see that
• Neighbouring areas like Handsworth and Canyon Heights are priced higher and growing faster, which could pull some buyers away
• Rental income potential of $6,986 per month is a real selling point for investor buyers
• Airbnb potential ranks 28th in North Vancouver - not the top of the list, but a legitimate secondary angle for the right buyer

The honest answer is this: if you were going to sell, earlier in the year would have been better. But summer is not a bad time to list in a low-inventory neighbourhood. With only a handful of homes trading hands, your property does not have much competition. Price it right - meaning price it to the HonestDoor Price, not the assessment - and you have a real shot at finding a serious buyer before the market decides which direction it wants to go next.

Check your HonestDoor Price at honestdoor.com. It takes about 30 seconds and it is the most current number you will find on what your Grousewoods home is actually worth today.

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.