Marpole, Vancouver - August 2026 Real Estate Report

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

If you own in Marpole and you're still quoting your BC Assessment number at dinner parties, it's time for an update. The city's assessment and what buyers will actually pay are two very different conversations right now - and the gap is significant.

The Vibe: What's Happening With Houses and Condos

Let's break it down for us locals.

Houses: The average sale price for a house in Marpole is sitting at $1,726,100, essentially flat from last month. One house sold. That's a thin slice of data, so don't read too much into the month-to-month noise. What matters more is the bigger picture: the predicted market value for houses here is $2,358,557, and that number is nudging down slightly from the 3-month moving average of $2,368,433. The market is taking a breather, not falling off a cliff. Price per square foot lands around $1,319. On the rental side, houses are pulling an estimated $7,619 per month with a 3.65% rental yield - solid, moderate returns if you're thinking about holding rather than selling.

Condos: One condo sold this month at $930,000, which is down 11.8% from last month. Again, one sale is not a trend - but it's worth watching. Price per square foot is around $974. The predicted market value for condos is $2,296,078, and unlike houses, this number is actually creeping up past the 3-month moving average of $2,286,159. Condo rental estimates come in at $6,607 per month with a 2.66% yield. Worth noting: Marpole condo sale prices are still running higher than nearby Oakridge, where the average sold price is $770,500.

• House average sale price: $1,726,100 (essentially unchanged)
• House price per sq ft: $1,319
• House predicted market value: $2,358,557
• House rental estimate: $7,619/month | Yield: 3.65%
• Condo average sale price: $930,000 (down 11.8% from last month)
• Condo price per sq ft: $974
• Condo predicted market value: $2,296,078
• Condo rental estimate: $6,607/month | Yield: 2.66%

The Neighbourhood Leaderboard

Here's a stat worth knowing. For houses, Marpole ranks 10 out of 23 neighbourhoods in Vancouver for growth - that puts us in the above-average tier. For price, we rank 11 out of 22, also above average. For condos, the growth rank is 10 out of 22 and the price rank is 9 out of 22. We're not leading the pack, but we're consistently sitting in the top half of Vancouver. That's a respectable position for a neighbourhood that doesn't always get the headlines.

Compared to what's nearby: Bridgeport is cheaper across the board. Oakridge is priced significantly higher for both houses and condos. Kerrisdale, for houses, is in a different stratosphere at an average HonestDoor Price of $5,968,800. Marpole sits in a sweet spot - more accessible than the prestige neighbourhoods to the north, but holding its own on value.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

This is the part that should get your attention. The city's average assessed value for a house in Marpole is $2,222,672. The average HonestDoor Price is $2,374,171. That's a gap of roughly $151,500 - or 6.82% higher than what the government has on file. For condos, the gap is even more dramatic. The average assessed value is $692,074, while the HonestDoor Price is $2,381,818. That's not a rounding error - that's a 244% difference.

Your BC Assessment is a snapshot taken months in the past, based on a fixed valuation date. It doesn't react to what's happening on the street right now. The HonestDoor Price pulls from real-time market signals and updates continuously. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that reflects the real world, not last year's paperwork.

The house HonestDoor Price is also up 0.66% from the previous period. Condos are up 5.62%. Those aren't massive jumps, but they're moving in the right direction while the broader market takes a breather.

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

Here's the honest take for anyone considering listing in Marpole this summer.

Transaction volume is low right now - 2 total property transactions recorded in 2026 across the neighbourhood. That's a quiet market. Low volume can work for you or against you depending on your situation. Fewer competing listings means less noise for buyers to compare you against. But it also means you need to price sharp, because serious buyers in a slow market are doing their homework.

Neighbourhood growth is down 0.08% year over year. That's not alarming - it's a slow drift, not a slide. But it does mean the days of sitting back and watching your number climb effortlessly are on pause.

If you're a house seller, your predicted market value of $2,358,557 gives you a strong anchor. If you're a condo owner, the upward trend in predicted value is a green light worth paying attention to before the summer market gets competitive.

Bottom line: Marpole is a stable, above-average neighbourhood in a city where prices don't come cheap. Check your HonestDoor Price before you call an agent, before you refinance, and before you assume the city's assessment tells the whole story. It doesn't.

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.