Marpole, Vancouver - July 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 looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old news. Here's what's actually happening on the ground right now.

The Vibe: What's Moving in Marpole

Let's be straight with each other. The market here is taking a breather. Neighbourhood growth is down 0.08% year over year, and if you're watching the house side of things, values have dipped 1.32% recently. We're sitting at rank 19 out of 23 Vancouver neighbourhoods for growth - that puts us near the bottom of the leaderboard right now. It's not a crisis, but it's not a party either.

Condos are a different story. Values are up 2.51% recently, and the 3-month trend is actually climbing - the predicted market value of $2,309,482 is sitting above the 3-month moving average of $2,293,669. That upward momentum puts condos at rank 9 out of 22 in Vancouver for growth - solidly above average. Four condo sales went through last month, which is quiet but steady.

Houses vs. Condos - The Breakdown

• Houses - Average sale price: $1,406,000 | Price per sq ft: $1,692 | Predicted market value: $2,357,615
• Houses - Estimated rent: $7,641/month | Rental yield: 3.64% | Airbnb potential: ~$380/month
• Houses - 3-month moving average: $2,402,321 (current value is trending below this)
• Condos - Average sale price: $630,750 | Price per sq ft: $944 | Predicted market value: $2,309,482
• Condos - Estimated rent: $6,638/month | Rental yield: 2.65% | Airbnb potential: ~$330/month
• Condos - 3-month moving average: $2,293,669 (current value is trending above this - a good sign)

On the house side, we're still beating nearby Bridgeport, where the average sale price sits at $1,200,000. But look north to Oakridge ($3,449,243 HonestDoor Price) or Kerrisdale ($4,134,987) and you can see where the ceiling goes. Marpole is still one of the more accessible entry points into Vancouver's west side.

For condos, Bridgeport comes in cheaper at a $642,723 HonestDoor Price, but Oakridge is actually below us too at $1,415,427 - which tells you something interesting about how Marpole condo valuations are stacking up right now.

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

Here's the number that should get your attention. The city's average assessed value for a Marpole house is $2,222,672. The average HonestDoor Price is $2,358,557. That's a gap of over $135,000 - and the HonestDoor Price is 6.11% higher than what the assessment says.

For condos, the gap is jaw-dropping. The average assessed value is $692,074. The average HonestDoor Price is $2,381,818 - that's 244% higher than the city's number. The HonestDoor Price has also jumped 5.62% from the previous period.

Why does this matter? BC Assessments are a snapshot from July 1 of the prior year. They don't reflect what a buyer would actually pay today. The HonestDoor Price pulls in real-time sales data, current market signals, and live comparable transactions. It's the real-world check - not a number that's been sitting in a government filing cabinet for 12 months.

With 3,980 house properties and 2,813 condo properties assessed in Marpole this year, there are a lot of neighbours who may be underestimating what they actually own.

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

Here's the honest take. If you own a house in Marpole and you're thinking about listing this summer, the market is softer than it was. Values are down 1.32% recently and the current predicted value of $2,357,615 is trailing the 3-month average of $2,402,321. That gap tells you the window of peak pricing may have already passed for now. Pricing sharp and presenting well matters more than it did a year ago.

If you own a condo, the picture is more encouraging. Values are moving in the right direction, the trend is up, and Marpole ranks 9th out of 22 Vancouver neighbourhoods for condo growth. That's a reasonable position to be selling from.

Either way, do not walk into a listing conversation armed only with your tax assessment. Check your HonestDoor Price first. For houses, it's running $135,000 above the city's number. For condos, the difference is in a completely different league. Knowing your real number before you talk to an agent - or a buyer - is the whole game.

Marpole has 3,980 assessed house properties and solid rental demand at $7,619 average estimated rent. The bones here are good. The market is just asking you to be smart about timing and pricing right now.

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.