Kerrisdale, Vancouver - October 2026 Real Estate Report
Kerrisdale Real Talk: Your Home Is Worth Way More Than the City Thinks
If you have been glancing at your latest property assessment and feeling underwhelmed, here is the honest truth - the city's number is not even close to what Kerrisdale is actually worth right now. We are talking a gap that could mean hundreds of thousands of dollars sitting on the table, uncounted.
The Vibe: What Is Actually Happening in Our Neighbourhood
Kerrisdale is holding its ground as one of Vancouver's priciest postal codes, but the market is taking a breather. Growth dipped 0.04% year over year across the neighbourhood, and recent property value changes are slightly negative. That is not a crash - it is a pause. Here is how houses and condos are each telling their own story right now.
Houses
If you own a house in Kerrisdale, the gap between what the city assessed you at and what your home is actually worth in the real world is significant. The average assessed value sits at $3,262,081. The average HonestDoor Price is $4,134,987 - that is 26.76% higher than the city's number. One house sold recently at $2,598,000, with a price per square foot around $634. Transaction volume is thin with only 1 sale recorded this month and 6 total in 2026, which means every sale carries real weight in setting the tone for the street.
- Average Assessed Value: $3,262,081
- Average HonestDoor Price: $4,134,987 (up 1.05% from last period)
- Predicted Market Value: $4,161,449
- Recent Sale Price: $2,598,000
- Price Per Square Foot: $634
- Estimated Monthly Rent: $11,338
- Rental Yield: 3.08%
- Airbnb Potential: $563 per night - ranked 3rd in Vancouver
- Growth Rank: 14 out of 23 neighbourhoods - below average
- Price Rank: 6 out of 22 neighbourhoods - above average
The 3-month moving average for house values is $4,159,491, and the predicted market value of $4,161,449 is nudging above that. It is a small move, but it signals the floor is holding. On the leaderboard, houses rank 14th out of 23 Vancouver neighbourhoods for growth - middle of the pack, trending lower. But for price? We sit 6th out of 22. We are not the fastest horse right now, but we are still one of the most expensive stalls in the barn.
Condos
Condo owners, pay attention here - because the gap between your city assessment and your real-world value is even wider than it is for houses. The average assessed value for a Kerrisdale condo is $1,268,762. The average HonestDoor Price is $1,848,874. That is 45.72% higher than what the city has on file. The average sale price this month came in at $1,024,000, down 39.2% from last month - but with only 1 sale recorded, that single transaction is doing a lot of heavy lifting on the average. Do not read too much into one data point.
- Average Assessed Value: $1,268,762
- Average HonestDoor Price: $1,848,874 (down 1.32% from last period)
- Predicted Market Value: $1,873,562
- Recent Sale Price: $1,024,000
- Price Per Square Foot: $801
- Estimated Monthly Rent: $6,089
- Rental Yield: 2.45%
- Airbnb Potential: $302 per night - ranked 3rd in Vancouver
- Growth Rank: 10 out of 22 neighbourhoods - above average
- Price Rank: 1 out of 22 neighbourhoods - most expensive in Vancouver
That price rank is worth reading twice. Kerrisdale condos are ranked number 1 out of 22 Vancouver neighbourhoods for price. We are at the top of the leaderboard. The predicted market value of $1,873,562 is sitting just above the 3-month moving average of $1,876,778, which means values are essentially flat right now - not falling off a cliff, just catching their breath.
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 from the past. It is calculated using data that is already months old by the time it lands in your mailbox. In a neighbourhood like Kerrisdale, where the average HonestDoor Price is running 26.76% above assessed value for houses and 45.72% above for condos, that gap is not a rounding error. It is real money.
The HonestDoor Price updates in real time. It pulls in current sales data, market movement, and neighbourhood trends to give you a number that reflects what a buyer would actually pay today - not what a government formula calculated last year. If you are making any financial decision tied to your home - refinancing, selling, even just understanding your net worth - the assessed value is the wrong number to anchor on. The HonestDoor Price is the real-world check.
With 2,662 houses and 863 condos assessed this year in Kerrisdale, there is a deep pool of data behind these numbers. That is not a small sample - it is a reliable read on where the neighbourhood actually stands.
The So What: Should You Sell in Kerrisdale This Summer?
If you are thinking about listing this summer, here is the straight answer - Kerrisdale still commands serious prices, but timing and positioning matter more than ever right now.
For house sellers, the market is not racing ahead. Growth ranks 14th out of 23 neighbourhoods, and recent values dipped 0.48%. But your price rank is 6th in the city, and the HonestDoor Price is holding above $4.1 million. Buyers who want Kerrisdale are not cross-shopping Marpole - where the HonestDoor Price is $2,319,462 and growth is slower at -0.08%. You have a real premium here. The question is whether you price to the HonestDoor reality or leave money on the table by anchoring to the assessment.
For condo sellers, the story is even more compelling. You are sitting in the number 1 ranked neighbourhood in Vancouver for condo prices. Your HonestDoor Price of $1,848,874 is nearly $580,000 above what the city assessed you at. Nearby Oakridge condos average $1,421,003 - that is a meaningful gap in your favour. The condo HonestDoor Price did dip 1.32% this period, so the window to capture peak value is worth watching. Waiting through the fall to see if the market bounces is a gamble. Summer inventory in Kerrisdale tends to be tight, and tight inventory with motivated buyers is exactly the setup sellers want.
Bottom line - if you are serious about selling, get your HonestDoor Price first. It is the number that actually reflects what your home is worth today, not what a static assessment says it was worth yesterday.
kerrisdale | vancouver | october 2026This 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.