Mahon, North Vancouver - August 2026 Real Estate Report

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

If you own a home in Mahon and you have not looked at your HonestDoor Price lately, now is the time. The city's assessment is sitting at an average of $1,853,660 - but the real-world number is closer to $1,964,627. That is a $110,967 gap, and it matters more than most people realize.

The Vibe: What Is Actually Happening in Mahon Right Now

Mahon is one of those neighbourhoods where the numbers tell two different stories depending on what you own. Let us break it down.

Houses: Holding Strong, But Watch the Trend

We are seeing house prices in Mahon sitting at an average sale price of $1,950,000, with a price per square foot around $1,081. The predicted market value comes in at $1,954,676 - which is slightly ahead of nearby Central Lonsdale at $1,954,425. So if you own a house here, you are still in a premium position relative to your neighbours.

That said, the 3-month moving average is $1,975,563, and the current predicted value is running a bit below that. Property values have dipped 2.10% recently. The market is taking a breather - not crashing, just pausing. One house sold in 2026 so far, which keeps transaction volume thin.

• Average Sale Price: $1,950,000
• Price Per Square Foot: $1,081
• Predicted Market Value: $1,954,676
• 3-Month Moving Average: $1,975,563
• Recent Value Change: -2.10%
• Estimated Monthly Rent: $6,699
• Rental Yield: 3.74%
• Growth Rank: 21 out of 52 neighbourhoods - above average on the North Vancouver leaderboard
• Price Rank: 23 out of 47 - above average

Condos: A Bit of a Mixed Bag

Condo owners, here is your honest read. The HonestDoor Price for condos in Mahon is $933,695, which has slipped 2.11% from the previous period. The average sale price is $839,000, with a price per square foot around $999. That is still well above what condos are fetching in Westview ($693,395) and Central Lonsdale ($704,998), so Mahon condos carry a real premium in this corner of North Vancouver.

The predicted market value is $884,131, and it is actually nudging upward - the 3-month moving average is $881,690, so the trend is quietly improving. Recent value change is up 0.85%. Not a rocket ship, but it is moving in the right direction.

• Average HonestDoor Price: $933,695 (down 2.11%)
• Average Sale Price: $839,000
• Price Per Square Foot: $999
• Predicted Market Value: $884,131
• 3-Month Moving Average: $881,690
• Recent Value Change: +0.85%
• Estimated Monthly Rent: $3,766
• Rental Yield: 3.21%
• Growth Rank: 30 out of 48 - below average on the leaderboard
• Price Rank: 10 out of 21 - above average in price

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

Here is the thing about BC assessments - they are a snapshot from July 1 of the previous year. By the time that number lands in your mailbox, it is already old news. The city's average assessed value for a Mahon house is $1,853,660. The HonestDoor Price is $1,964,627. That is a 5.99% difference - and it is not a rounding error. It is real money left on the table if you price your home based on an outdated government number.

The HonestDoor Price updates in real time, pulling from actual market activity. It is the difference between pricing your home based on last year's market and pricing it based on right now. For Mahon homeowners, that gap is worth knowing before you have any conversation with a buyer or an agent.

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

If you are a house owner in Mahon and you are weighing a summer sale, here is the straight talk. The market is not running hot right now - one transaction in 2026 tells you volume is low. But low volume cuts both ways. Fewer competing listings means a serious buyer has fewer choices, and your home stands out more. The neighbourhood growth rate is down 0.06% year over year, but Mahon still ranks 21 out of 52 on the North Vancouver growth leaderboard. That is a solid position.

For condo owners, the story is similar. You are priced above the competition in nearby neighbourhoods, and the predicted value is ticking upward. The rental yield of 3.21% is moderate - enough to attract investors if owner-occupier demand is soft.

Bottom line - do not let a stale assessment set your expectations. Pull your HonestDoor Price, see where you actually stand, and make your move with the right number in hand. Mahon is not a neighbourhood you discount.

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.