If you own a home in Handsworth and you're still looking at your city assessment to figure out what your place is worth, stop. That number is already old news. Here's what's actually happening on the ground right now.
We're seeing a split market in Handsworth right now, and it matters depending on what you own.
Houses: The honest truth is that house values are taking a breather. The predicted market value for a Handsworth house sits at $2,626,613 - and that's sliding down from the 3-month moving average of $2,681,130. Recent price movement is down 2.75%. On the neighbourhood leaderboard, Handsworth houses rank dead last for growth - 53 out of 53 comparable neighbourhoods in North Vancouver. That's a number worth knowing before you price your listing. The silver lining? We're still sitting at rank 7 out of 47 for price, meaning Handsworth is one of the most expensive addresses in North Vancouver. The floor here is high. Average sale prices are coming in around $2,315,000, with price per square foot at roughly $1,478 - that's well above nearby Canyon Heights, where houses are selling around $2,010,000.
Condos: This is where the story flips. Condo values are actually climbing. The predicted market value is $1,156,200, up from the 3-month moving average of $1,151,500, with recent growth of 2.24%. On the leaderboard, Handsworth condos rank 6 out of 48 neighbourhoods for growth - that puts us near the top of the pack in North Vancouver. The average HonestDoor Price for condos is $1,150,667, and rental potential is strong at an estimated $4,640 per month.
Here's the thing about your city assessment - it's a snapshot from months ago, built on sales data that's even older. The market doesn't wait for paperwork.
The average assessed value in Handsworth is $2,676,403. The average HonestDoor Price is $2,693,692 - already 0.65% higher than that assessment, and it's updated in real time. That gap might sound small, but on a $2.6 million property, it's real money. The HonestDoor Price has moved up 2.55% from the previous period, which means it's already capturing momentum your tax notice hasn't caught up to yet.
Think of the HonestDoor Price as the real-world check. The assessment is what the government thinks your home was worth. The HonestDoor Price is what the market thinks it's worth today.
Let's be straight with each other. If you own a house in Handsworth and you're thinking about listing this summer, the growth numbers are not your friend right now. Ranking last in the neighbourhood growth leaderboard means the market is telling you something - buyers have options, and prices have softened recently. That doesn't mean you can't sell well. It means you need to price sharp and not anchor to last year's peak.
The good news is that Handsworth still commands premium prices. We're one of the most expensive neighbourhoods in North Vancouver, full stop. A house here still averages $2,315,000 in actual sales, and Canyon Heights - our closest comparable - is selling for less. Location still does the heavy lifting here.
If you own a condo, the calculus is different. Values are ticking up, rental demand is solid at an estimated $4,640 per month, and we're ranking near the top for condo growth in the city. Holding or selling both look reasonable right now.
For anyone on the fence, here's the simple version: check your HonestDoor Price before you do anything else. It's the most current read on what your property is actually worth - not what a government form says it was worth last January.
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.