Norwood Queens, North Vancouver - September 2026 Real Estate Report

Norwood Queens, North Vancouver: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you have been watching the "For Sale" signs in Norwood Queens, here is what is actually happening. The neighbourhood is holding its value better than most of North Vancouver, but the condo side of the market is sending a different signal. Let us break it down.

Houses - Steady at the Top

Norwood Queens houses are not cheap, and that is not changing. The average sale price sits at $2,460,000, with a price per square foot of around $1,033. That puts us at rank 6 out of 46 neighbourhoods for price in North Vancouver - we are in the top tier, full stop.

The HonestDoor Price for houses is $2,247,009, sitting just above the city's assessed value of $2,232,160. Values have nudged up 1.04% recently, and the 3-month trend is creeping higher - from $2,265,736 to a predicted $2,266,540. It is not a rocket ship, but it is moving in the right direction.

For growth, we rank 15 out of 52 neighbourhoods. That is above average. Compare that to our neighbours - Delbrook, Carisbrooke, and Westview are all declining faster at -0.02% versus our -0.01%. We are the slowest faller on the block, which in this market is actually a win.

• Average Sale Price: $2,460,000
• Price Per Square Foot: $1,033
• HonestDoor Price: $2,247,009
• Average Assessed Value: $2,232,160
• HonestDoor Price vs. Assessment: +0.67%
• Recent Value Change: +1.04%
• Estimated Monthly Rent: $7,518
• Rental Yield: 3.58%
• Price Rank in North Vancouver: 6 out of 46
• Growth Rank in North Vancouver: 15 out of 52

Condos - Taking a Breather

The condo picture is more honest. The HonestDoor Price for condos in Norwood Queens is $919,035, and it has dropped 3.31% from the previous period. The predicted market value of $950,467 is actually sliding - the 3-month moving average was $969,792, and we are now below that. Values have shifted -2.84% recently.

On the neighbourhood leaderboard, Norwood Queens condos rank 39 out of 48 for growth. That puts us in the bottom performers category for North Vancouver right now. If you own a condo here and are thinking about timing, that number matters.

Rental income is still reasonable at $3,922 per month with a 3.16% yield, so holding is not a disaster. But the appreciation story for condos is not the same as it is for houses right now.

• HonestDoor Price (Condos): $919,035
• Recent Value Change: -2.84%
• Predicted Market Value: $950,467
• 3-Month Moving Average: $969,792
• Estimated Monthly Rent: $3,922
• Rental Yield: 3.16%
• Growth Rank in North Vancouver: 39 out of 48

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your BC Assessment number. It is a snapshot from July 1 of the previous year. By the time it lands in your mailbox, it is already stale. The market has moved on.

The HonestDoor Price is updated in real time using actual sales data, market trends, and comparable properties. For houses in Norwood Queens, that means your HonestDoor Price is already $14,849 higher than what the city has on file. That gap is your city leaving money on the table - not you.

If you are a house owner here, your real-world number is $2,247,009. That is what matters if you are refinancing, selling, or just trying to understand what you actually own. Do not wait for next January's assessment to find out where you stand.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house owners - the timing is not bad. We are above average on the neighbourhood leaderboard, our neighbours are declining faster than us, and the HonestDoor Price is trending up slightly. With only 1 transaction recorded in 2026 so far, inventory is tight. Low supply and a top-6 price ranking means serious buyers have fewer options. That works in your favour.

For condo owners - be realistic. The market is softening, and the data shows it. That does not mean you cannot sell, but pricing it right from day one is critical. An overpriced condo in a declining segment sits. A well-priced one moves.

Either way, check your HonestDoor Price before you have a single conversation with an agent. It is the most current number you have, and in a market like this, current beats everything.

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.