Merecroft, Campbell River - July 2026 Real Estate Report

Merecroft Real Estate Check-In: What Your Neighbour Hasn't Told You Yet

The Vibe Right Now

If you've been watching the "For Sale" signs in Merecroft, here's what's actually happening. The market is taking a breather - but the story is different depending on whether you own a house or a condo. Let's break it down for us locals.

Houses: Slower, But Sellers Still Have Some Leverage

One house sold in Merecroft this month. That's a thin slice of activity, and the average sale price came in at $485,000 - down 34.6% from last month. Before you panic, that kind of swing on low volume is normal. One sale can move the needle hard when the sample size is small.

The number that actually matters? Homes are still selling at 102.11% of list price. Buyers are paying above asking. That's not a collapsing market - that's a slow one where priced-right homes still get attention. The catch is patience: properties are sitting for an average of 97 days, compared to just 53 days over in Downtown. We're not the fastest horse in this race right now.

• Average sale price: $485,000
• Average list price: $475,000
• Price per square foot: $295
• Sale-to-list ratio: 102.11% - buyers paid over asking
• Average days on market: 97 days
• Estimated rent: $3,105 per month
• Rental yield: 5.33% - strong returns for investors
• Neighbourhood growth rank: 7 out of 9 in Campbell River

On the leaderboard, Merecroft houses rank 7th out of 9 neighbourhoods for growth in Campbell River. Quinsam Heights and Simms Creek are both nudging ahead. We're not at the bottom, but we're not leading the pack either.

Condos: A Different Animal Entirely

Here's where Merecroft gets interesting. The condo HonestDoor Price sits at $1,765,774 - and yes, that number is real. It's 328.72% above the average assessed value in Campbell River. One condo sold this month at $920,000, with listings averaging $930,000. Buyers paid 98.92% of list price, which puts us in buyers' market territory for condos.

These units are taking 134 days to sell on average. That's slow. But the predicted market value is trending up - $1,764,470 now versus a 3-month moving average of $1,722,520. The direction is positive even if the pace is sluggish.

• Average sale price: $920,000
• Average list price: $930,000
• Price per square foot: $846
• Sale-to-list ratio: 98.92% - slight buyers' advantage
• Average days on market: 134 days
• Estimated rent: $5,343 per month
• Rental yield: 2.95% - moderate returns
• Airbnb rank in Campbell River: 3rd - strong short-term income potential
• Neighbourhood growth rank: 3 out of 9 in Campbell River - above average

On the leaderboard, Merecroft condos rank 3rd out of 9 for growth. That puts us ahead of most of the city. Downtown condos are priced higher at $2,313,931, but we're punching above our weight here.

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

Here's the thing most homeowners miss. Your BC Assessment number is a snapshot frozen in time - it reflects what your home was worth on July 1st of the previous year. A lot can change in 12 to 18 months.

The HonestDoor Price updates in real time using actual sales data. For houses in Merecroft, the average HonestDoor Price is $654,257 - that's 3.30% higher than the average assessed value right now. For condos, the gap is enormous. The HonestDoor Price of $1,765,774 is 328.72% above the average assessed value. If you're making any financial decision - refinancing, selling, or just figuring out where you stand - your tax assessment is not the number to use. Your HonestDoor Price is the real-world check.

Yes, the house HonestDoor Price has dipped 1.08% from last period. But it's still sitting above assessed value. That gap is your equity cushion, and it's worth knowing about before you make any moves.

The So What - Should You Sell in Merecroft This Summer?

If you own a house and you're thinking about listing, here's the honest take. The market is slow - 97 days on market is not a quick flip situation. But homes that are priced right are still closing above asking. That means strategy matters more than timing right now. Price it sharp, and buyers will show up. Price it high and hope, and you'll be watching that listing age.

With 1,722 properties assessed in Merecroft and only 10 house transactions recorded in 2026 so far, inventory is moving slowly. That's not a disaster - it means serious buyers are still out there, just being picky.

For condo owners, the picture is more nuanced. Values are trending up, the rental income potential is strong at $5,343 per month, and Merecroft ranks 3rd in Campbell River for condo growth. If you can hold, the trajectory looks decent. If you need to sell now, expect a longer runway and price accordingly.

Bottom line: check your HonestDoor Price before you do anything else. It's the most current number you have - and in this market, current beats outdated every single time.

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.