Lynnmour South, North Vancouver - August 2026 Real Estate Report

Lynnmour South Real Talk: Your Home Is Worth Less Than the City Thinks

If you have been glancing at your latest property assessment and feeling pretty good about yourself, hold on. The real-world numbers tell a slightly different story - and knowing the gap could save you from a costly mistake this summer.

The Vibe: What Is Actually Happening in Lynnmour South Right Now

Our neighbourhood is taking a breather. Across both houses and condos, values are drifting down from their recent peaks. It is not a crash - but it is a signal worth paying attention to before you make any big moves.

Houses

The city has our houses assessed at an average of $1,538,631. But the HonestDoor Price - which tracks what buyers are actually paying right now - sits at $1,475,267. That is a $63,364 gap, and the HonestDoor Price has slid another 3.61% from the previous period. The 3-month moving average is $1,539,341, and we are already below that at a predicted value of $1,530,591. The market is moving, and it is moving down slightly.

• Average assessed value: $1,538,631
• Average HonestDoor Price: $1,475,267 (down 3.61%)
• Predicted market value: $1,530,591
• 3-month moving average: $1,539,341
• Average rental estimate: $5,075 per month
• Rental yield: 4.41%
• Airbnb estimate: $252 per night
• Neighbourhood growth: -0.05% year over year
• Growth rank: 5 out of 52 neighbourhoods in North Vancouver

That growth rank is the bright spot here. Sitting 5th out of 52 neighbourhoods in North Vancouver puts us near the top of the leaderboard even while values dip. It means Lynnmour South houses are holding their relative position better than most of the city.

Condos

The condo picture is a bit more humbling. The city assesses our condos at $867,118 on average. The HonestDoor Price says $834,596 - down 0.78% from last period and 3.75% below the city's number. The predicted value is $843,147, already below the 3-month moving average of $855,354, and recent values have shifted -1.58%.

• Average assessed value: $867,118
• Average HonestDoor Price: $834,596 (down 0.78%)
• Predicted market value: $843,147
• 3-month moving average: $855,354
• Average sale price (recent): $737,500
• Price per square foot: $858
• Average rental estimate: $3,713 per month
• Rental yield: 3.19%
• Airbnb estimate: $184 per night
• Recent sales: 2 properties sold
• Neighbourhood growth: -0.04% year over year
• Growth rank: 42 out of 48 neighbourhoods in North Vancouver

That growth rank for condos - 42nd out of 48 - is a number we need to be honest about. On the neighbourhood leaderboard, our condos are near the bottom for growth right now. The one silver lining is that at $843,147, we are still priced higher than nearby Maplewood ($784,797) and Moodyville ($713,341), so we hold a price advantage over our neighbours.

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. The BC Assessment Authority locks in values based on data from July 1 of the prior year. By the time that number lands in your mailbox, the market has already moved on.

For houses in Lynnmour South, the city's assessment is running $63,364 higher than what the HonestDoor Price shows as today's real-world value. For condos, that gap is $32,522. If you are pricing a listing based on your assessment, you could be starting a conversation with buyers at the wrong number entirely.

The HonestDoor Price pulls in current sales data, recent market shifts, and real-time signals to give you a live read on what your property is worth today - not what it was worth last July. Think of it as the real-world check your assessment never was.

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

If you are a house owner in Lynnmour South, the news is mixed but manageable. Yes, values have dipped from the moving average, and the HonestDoor Price is below the city's assessment. But a 5th-place growth ranking out of 52 North Vancouver neighbourhoods means buyers still see Lynnmour South houses as a solid bet compared to most of the city. Price it right - meaning closer to $1,475,000 to $1,530,000 - and you have a real shot at a clean sale before the summer market softens further.

If you own a condo here, the conversation is harder. A 42nd-out-of-48 growth rank tells you buyer demand for condos in this pocket is not strong right now. With only 2 recent sales and a predicted value sliding below the 3-month average, this is not the moment to test the top of the market. A sharp, honest price - think around the $834,000 to $843,000 range - gives you the best chance of not sitting on the market while summer passes you by.

Either way, the move right now is to check your HonestDoor Price before you do anything else. It is the number that reflects what a buyer would actually put on paper today - not what the city guessed last 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.