Kerrisdale, New Westminster - August 2026 Real Estate Report

Kerrisdale Real Talk: Your House Is Worth More Than the City Thinks

If you own in Kerrisdale and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos

The two sides of our market are telling very different stories this month, and it matters which one you're on.

Houses - Still Near the Top of the Leaderboard

If you've been watching the "For Sale" signs in Kerrisdale, here's the honest picture for houses. The average sale price is sitting at $4,630,000, essentially flat from last month. Steady, not sliding. The HonestDoor predicted market value for houses comes in at $4,135,230 - and that number is trending up, ahead of the 3-month moving average of $4,103,723. That upward momentum matters.

• Average sale price: $4,630,000
• Price per square foot: $1,592
• HonestDoor predicted value: $4,135,230 (trending up)
• Recent value change: +1.05%
• Estimated monthly rent: $11,260
• Rental yield: 3.09%
• Growth rank: 2 out of 23 neighbourhoods in Vancouver
• Price rank: 3 out of 22 neighbourhoods in Vancouver

That growth rank is the stat we want to highlight. Ranking 2nd out of 23 comparable Vancouver neighbourhoods puts Kerrisdale houses near the very top of the city leaderboard right now. We're not just expensive - we're growing. That's a combination most neighbourhoods can't claim at the same time.

Condos - Expensive, But Taking a Breather

The condo side of our market is a different conversation. Sales are holding, with an average price of $1,575,000 and a price per square foot of $1,347. But the HonestDoor predicted value of $1,875,157 is actually drifting slightly below the 3-month moving average of $1,884,586. Values have dipped 0.86% recently.

• Average sale price: $1,575,000
• Price per square foot: $1,347
• HonestDoor predicted value: $1,875,157 (trending down slightly)
• Recent value change: -0.86%
• Estimated monthly rent: $6,093
• Rental yield: 2.46%
• Growth rank: 15 out of 22 neighbourhoods in Vancouver
• Price rank: 2 out of 22 neighbourhoods in Vancouver

Here's the honest read on that: Kerrisdale condos are the second most expensive in Vancouver, but growth is ranking 15th out of 22. We're paying a premium without getting the same upside momentum that house owners are seeing. If you own a condo here, that's worth knowing before you make any moves.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

BC Assessment values are calculated once a year using data that's already months old by the time it lands in your mailbox. The market doesn't wait for that schedule. The HonestDoor Price is updated in real time, pulling from actual sales, current trends, and live market signals - not a snapshot from last July.

For Kerrisdale specifically, the average HonestDoor Price across the neighbourhood sits at $5,968,800. Yes, that's down 6.34% from the previous period - and that's exactly the kind of honest, current information you need. The city's assessment won't tell you that. Your neighbour's guess won't either. The HonestDoor Price is the real-world check that tells you where things actually stand today, not where they stood a year ago.

Nearby, Marpole is averaging $2,374,171 and Oakridge is at $3,480,137. Kerrisdale is in a different weight class. Knowing that gap in real time is how you make smart decisions - whether you're selling, refinancing, or just keeping score.

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

Here's the straight talk for anyone considering listing this summer.

If you own a house in Kerrisdale, the timing argument is actually in your favour. A top-2 growth ranking in Vancouver, values trending upward, and a price-per-square-foot of $1,592 - buyers looking at this neighbourhood know they're paying for something real. Inventory is thin, with only 2 sales recorded recently. Low supply and serious buyers is not a bad place to be as a seller.

If you own a condo, go in with clear eyes. You're sitting on one of the most expensive condo markets in the city, which is a genuine asset. But with values dipping slightly and a below-average growth rank right now, pricing it right from day one matters more than ever. Overpricing in a softening segment is how listings go stale.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your number - not the city's old one.

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.