If you have been watching the "For Sale" signs pop up around Hammond lately, here is the honest picture. The market is not on fire, but it is not falling apart either. It is taking a breather - and depending on whether you own a house or a condo, that breather looks very different for your wallet.
Let us start with houses, because the headline number needs some context. The average sale price of $703,000 looks like a big drop - down 27.1% from last month - but with only 1 property sold, that single transaction is doing all the heavy lifting on that stat. One sale does not make a trend. What matters more is that the predicted market value for Hammond houses sits at $1,041,945, which is actually pulling back slightly from the 3-month moving average of $1,060,755. So yes, we are seeing a mild softening, but nothing dramatic. Price per square foot holds at $615.
Now condos - and this is where Hammond actually has a story worth telling. While house values are dipping slightly, condo values are moving in the opposite direction. The predicted condo value of $480,849 is climbing above the 3-month moving average of $464,614. That 6.65% recent growth has pushed Hammond condos to rank 1 out of 18 neighbourhoods in Maple Ridge for growth. That is the top of the leaderboard. For condo owners here, that is genuinely good news.
For context, our neighbours in Walnut Grove are sitting on house HonestDoor Prices of $1,308,183 and condo prices of $698,537. South Alouette is even further out at $1,830,250 for houses. Hammond is genuinely one of the more accessible entry points into Maple Ridge right now.
Here is the thing about your city assessment. It is a snapshot taken months ago, based on data that is even older than that. By the time it lands in your mailbox, the market has already moved. In Hammond, the average assessed value for houses is $1,025,340. The HonestDoor Price is $1,044,689 - that is 1.89% higher than what the city says your home is worth. That gap is real money.
The HonestDoor Price updates in real time, pulling in actual transaction data and current market signals. It is the real-world check against a static government number. If you are making any decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price gives you a far more current picture than waiting for next year's assessment to arrive.
With 1,883 properties assessed in Hammond this year, there is a lot of real estate here. Most owners are probably looking at their city assessment and thinking that is the number. It is not the most current number. The HonestDoor Price is.
If you own a house in Hammond and are thinking about listing this summer, here is the straight talk. Values are holding above the $1 million mark on the HonestDoor Price, but the recent -2.15% movement and a growth rank of 16 out of 24 tell you this is not a market where you can overprice and wait. Buyers have options. Walnut Grove and West Maple Ridge are both priced higher, which means Hammond does have a value angle to sell - but you need to price it right from day one.
If you own a condo, your timing is actually pretty interesting. A growth rank of 1 out of 18 in Maple Ridge means Hammond condos are outperforming almost every comparable neighbourhood right now. The predicted value of $480,849 is trending up. If you have been sitting on the fence, this is a moment worth paying attention to.
Either way, the first step is knowing your actual number - not the city's number from last year. Pull your HonestDoor Price, compare it to what is selling nearby, and then have that conversation with a local agent who knows Hammond. The data is there. Use it.
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.