Killarney, Vancouver - September 2026 Real Estate Report

Killarney Real Estate Check-In: Your Home Is Worth More Than the City Thinks

If you own a home in Killarney and you haven't looked past your tax assessment lately, you're leaving a serious number on the table. The city says your house is worth one thing. The market says something else entirely - and the gap is bigger than most people realize.

The Vibe: What's Actually Happening on Our Streets

Killarney is holding its ground. With 5,092 properties assessed and 10 total transactions recorded in 2026, this is a neighbourhood where people stay put - and for good reason. Overall neighbourhood growth is essentially flat at -0.04% year over year, but flat isn't falling. Think of it as the market taking a breather after a long run.

Houses: The Real Talk

Here's the number that matters for house owners in Killarney. The city's average assessed value sits at $1,687,622. But the average HonestDoor Price - which reflects what buyers are actually paying attention to right now - comes in at $1,860,758. That's a gap of over $173,000. Yes, the HonestDoor Price has dipped 1.56% from the previous period, but the predicted market value for houses is $1,890,274, and that number is climbing above the 3-month moving average of $1,865,707. The direction of travel is still up.

• Average HonestDoor Price (Houses): $1,860,758
• Average Assessed Value: $1,687,622
• Gap in your favour: 10.26% above assessed
• Predicted Market Value: $1,890,274
• Average Sale Price: $675,000
• Price Per Square Foot: $627
• Estimated Monthly Rent: $6,283
• Rental Yield: 4.01%
• Recent Value Change: up 1.70%
• Growth Rank: 3 out of 23 neighbourhoods in Vancouver

That growth rank is worth pausing on. Out of 23 comparable neighbourhoods in Vancouver, Killarney houses rank 3rd for growth. That puts us in the top tier of the city's neighbourhood leaderboard - ahead of most of our neighbours. Suncrest and Victoria Fraserview are both priced slightly higher, but their growth trajectories are not outpacing ours.

Condos: A Bit More Turbulence

The condo picture is more mixed, and we'll be straight with you about it. The average HonestDoor Price for condos is $1,196,238 - up 0.73% from the previous period, which is a positive sign. But the predicted market value of $1,187,608 is sitting just below the 3-month moving average of $1,197,957, meaning momentum has softened slightly. The average sale price dropped to $550,000, down 27.9% from last month, though with only 1 sale recorded that swing reflects low volume more than a market collapse.

• Average HonestDoor Price (Condos): $1,196,238
• Average Assessed Value: $719,717
• Gap in your favour: 66.21% above assessed
• Predicted Market Value: $1,187,608
• Average Sale Price: $550,000
• Price Per Square Foot: $866
• Estimated Monthly Rent: $4,261
• Rental Yield: 3.22%
• Recent Value Change: -0.82%
• Growth Rank: 17 out of 22 neighbourhoods in Vancouver

The condo growth rank of 17 out of 22 puts us below average for the city right now. But here's the context - the assessed value gap for condos is enormous. The city has Killarney condos assessed at $719,717 on average. The HonestDoor Price is $1,196,238. That's a 66% difference. If you're a condo owner making any financial decision based on your tax assessment alone, you're working with the wrong number.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

The city's assessed value is a snapshot from the past. It's calculated once a year using data that's already months old by the time it lands in your mailbox. The HonestDoor Price is updated in real time, pulling from current sales activity, market shifts, and what buyers are actually doing - not what they were doing eight months ago.

For Killarney house owners, that real-world check puts you $173,000 ahead of what the city thinks your home is worth. For condo owners, the gap is even more dramatic. Using your assessment to price, negotiate, or plan a refinance is like navigating with an old map. The HonestDoor Price is the current one.

And with an Airbnb rank of 16 in Vancouver and a nightly estimate of $310 for houses - or $212 for condos - there's a short-term rental angle worth knowing about too, especially if you're weighing your options before a sale.

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

If you're a house owner in Killarney and you're thinking about listing this summer, the timing has something going for it. Growth ranks 3rd in the city. The predicted value is rising above its 3-month average. And buyers looking at comparable neighbourhoods like Suncrest or Victoria Fraserview are seeing higher price tags for similar homes - which makes Killarney look like relative value to a motivated buyer.

For condo owners, the honest advice is to watch the next 60 days. The HonestDoor Price ticked up 0.73%, but the short-term trend has softened. If you're not in a rush, a little patience could work in your favour. If you need to move, know that your real value is still dramatically higher than your assessment - and price accordingly.

Either way, the first step is the same. Check your HonestDoor Price before you do anything else. It's the number that reflects the market you're actually selling into - not the one from last year's paperwork.

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.