If you have been glancing at your latest property assessment and feeling a little underwhelmed, here is the real picture. The city's number and what your home would actually sell for are two very different things right now - and the gap is significant.
Let's break it down by property type, because houses and condos are telling two different stories on our streets right now.
If you own a house in Moody Centre, we are sitting in a pretty solid spot. The average sale price is $1,290,000 at roughly $1,175 per square foot. The predicted market value is $1,454,167, and that number is creeping upward - it is ahead of the 3-month moving average of $1,447,303, which tells us momentum is pointing in the right direction.
That growth rank is worth pausing on. Out of 16 comparable neighbourhoods in Port Moody, Moody Centre houses rank 3rd for growth. That is a top-tier spot on the neighbourhood leaderboard. We are not leading the pack, but we are right behind the front runners.
The condo side is taking a small breather. The predicted market value of $1,301,794 is actually dipping slightly below the 3-month moving average of $1,309,857, and recent value change sits at -1.37%. That is not a freefall - it is a pause. Sales are thin right now with only 1 transaction last month and an average sale price of $725,000 at $796 per square foot.
Even with the slight dip, our condos rank 6th out of 15 for growth and 2nd out of 8 for price in Port Moody. We are still one of the pricier condo markets in the city, which matters when you are thinking about what a buyer will pay.
Here is the thing about your city assessment - it is a snapshot from the past. It does not update in real time, and it does not account for what buyers are actually willing to pay on the street today.
For houses in Moody Centre, the average assessed value is $1,371,336. The average HonestDoor Price is $1,557,570. That is a gap of 13.58% - meaning the city is potentially undervaluing your home by over $186,000. The HonestDoor Price has also moved up 2.73% from the previous period, so it is a living number, not a frozen one.
For condos, the gap is even more striking. The average assessed value sits at $694,214, while the average HonestDoor Price is $1,309,059 - that is 88.57% higher than what the city has on file. If you are making any financial decision based on your assessment alone, you are working with an incomplete picture.
Think of the HonestDoor Price as the real-world check - the number that reflects current market conditions, not last year's data sitting in a government file.
Here is the straight talk for anyone weighing a summer sale in Moody Centre.
For house owners, the timing is reasonable. We rank 3rd out of 16 neighbourhoods for growth, values are trending up, and the HonestDoor Price is sitting well above assessment. Rental demand is strong at $5,654 per month average, which means buyers looking at this as an investment have real numbers to work with. If you price it right, you have a story to tell.
For condo owners, patience might pay off. The short-term trend is slightly negative and sales volume is low - only 1 transaction last month. That does not mean do not sell, it means price it sharp. With a HonestDoor Price of $1,309,059 and a rental estimate of $4,611 per month, the fundamentals are still there for the right buyer. Thin inventory can actually work in your favour if you are the only well-priced unit on the block.
One more thing worth knowing - if you are curious how we stack up against the neighbours, College Park is cheaper across the board for both houses and condos. Pleasantside runs pricier on houses at an average HonestDoor Price of $1,786,462, but our growth trajectory on the house side is actually keeping pace. We are not the cheapest address in Port Moody, and we are not the most expensive - but we are holding our own where it counts.
Bottom line: check your HonestDoor Price before you make any move. The city's assessment is not your market value. Right now in Moody Centre, those two numbers are very far apart.
moody centre | port moody | october 2026This 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.