Kerrisdale, Vancouver - July 2026 Real Estate Report

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

If you have been glancing at your property tax notice and wondering if the numbers add up, here is the short answer: they do not. The city's assessment is running well behind what Kerrisdale homes are actually worth right now, and the gap is significant enough that every homeowner here should pay attention.

The Vibe: What Is Actually Happening on Our Streets

Let us break it down by property type, because houses and condos are telling two different stories this season.

Houses

If you own a house in Kerrisdale, the market is holding steady. Average sale prices are sitting at $3,335,000, with price per square foot around $1,191. Only 2 houses sold recently, which is a thin slice of data, but prices are not moving much in either direction. Think of it as the market catching its breath.

• Average Sale Price: $3,335,000
• Price Per Square Foot: $1,191
• HonestDoor Predicted Value: $4,092,303
• 3-Month Moving Average: $4,121,166 (values are easing slightly)
• Estimated Monthly Rent: $11,207
• Rental Yield: 3.10%
• Recent Value Change: +0.21%
• Growth Rank: 8 out of 23 neighbourhoods - above average in Vancouver
• Price Rank: 4 out of 22 - among the most expensive in Vancouver

That growth rank is worth noting. On the neighbourhood leaderboard for houses, Kerrisdale sits in the top third of Vancouver. We are not leading the pack, but we are comfortably ahead of the middle. For a neighbourhood this expensive, that kind of stability is actually a feature, not a flaw.

Condos

The condo picture is a bit more nuanced. Prices are holding - average sale price is $1,575,000 at $1,347 per square foot - but the growth trend is where we need to be honest with each other. Condo values have dipped 0.86% from the previous period, and on the neighbourhood leaderboard, Kerrisdale condos rank 21 out of 22 in growth. That is near the bottom of the Vancouver pack.

• Average Sale Price: $1,575,000
• Price Per Square Foot: $1,347
• HonestDoor Predicted Value: $1,891,410
• 3-Month Moving Average: $1,908,910 (softening)
• Estimated Monthly Rent: $6,123
• Rental Yield: 2.45%
• Recent Value Change: +0.22%
• Growth Rank: 21 out of 22 - bottom performers in Vancouver
• Price Rank: 1 out of 22 - the most expensive condos in Vancouver

Here is the thing though - Kerrisdale condos are still the priciest in the city. We are not losing value dramatically. Growth has just stalled. Nearby Oakridge condos are cheaper and actually growing faster right now, which is worth keeping an eye on if you are comparing neighbourhoods.

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

Your city assessment is a snapshot frozen in time. It does not update with the market. It does not know what sold on your block last month. It is a government estimate built for tax purposes, not for real-world decisions.

The HonestDoor Price is the real-world check. And right now, the gap in Kerrisdale is impossible to ignore.

• Houses: City assessment averages $3,262,081. HonestDoor Price averages $4,134,987. That is a difference of roughly $873,000 - or 26.76% more than what the city says your home is worth.
• Condos: City assessment averages $1,268,762. HonestDoor Price averages $1,875,157. That is 47.79% higher than the assessed value - nearly half again as much.

If you are making any financial decision - refinancing, selling, estate planning, even just curious about your net worth - using the city assessment is like navigating with an old map. The HonestDoor Price pulls from current market data and updates in real time. That is the number your neighbour's buyer is going to be working from.

The So What: Should You Sell in Kerrisdale This Summer?

Here is the straight answer, broken down by what you own.

If you own a house, the timing is reasonable. Values are stable, you are sitting in the top third of Vancouver for growth, and the gap between your assessment and your real market value is massive. A buyer is not going to offer you $3.2 million when the HonestDoor Price says $4.1 million. You have leverage. The rental income potential of $11,207 per month also means investors are watching this neighbourhood closely.

If you own a condo, be strategic. You own the most expensive condo product in Vancouver - that is a genuine selling point. But growth has stalled and the 3-month trend is softening. If you are thinking about selling, sooner is probably better than waiting for a rebound that is not clearly on the horizon yet. The Airbnb rank of 3 in Vancouver does signal strong short-term demand, which could attract a certain type of buyer willing to pay a premium.

Either way, the move right now is simple: check your HonestDoor Price before you do anything else. The city's number is not your number. In Kerrisdale, the difference between the two could be the most important financial insight you get all year.

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.