Oakridge, Vancouver - August 2026 Real Estate Report

Oakridge Real Estate Right Now: Your House Is Worth More Than the City Thinks

If you own in Oakridge and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old. Here's what's actually happening on the ground in one of Vancouver's most expensive zip codes.

The Vibe: What the Market Is Doing Right Now

Oakridge is taking a breather. Neighbourhood growth is down 0.04% year over year, and recent price movement has been slightly negative. But let's be clear - this is still one of the priciest patches of real estate in the entire city. A breather here looks very different from a breather in most other neighbourhoods.

Houses: The Heavy Hitters

If you've been watching the "For Sale" signs in Oakridge, here's what's actually happening with detached homes right now.

• Average sale price: $3,755,952
• Price per square foot: $1,767
• HonestDoor predicted market value: $3,448,804
• 3-month moving average: $3,462,578 - the predicted value is trending slightly below this, worth watching
• Estimated monthly rent: $10,169
• Rental yield: 3.29%
• Properties sold in 2026 so far: 2
• Recent value change: -0.22%
• Growth rank: 14 out of 23 Vancouver neighbourhoods - below average on the leaderboard
• Price rank: 4 out of 22 Vancouver neighbourhoods - near the very top

Two sales is a thin market. That means each transaction moves the needle a lot, and buyers have real negotiating room. The price rank of 4th in Vancouver tells us we're still in elite territory - but the growth rank of 14th tells us momentum has cooled. You're holding a premium asset in a slow-moving market. That distinction matters if you're thinking about timing a sale.

Condos: A Different Story

The condo side of Oakridge is where we see the sharpest contrast between what the city says your place is worth and what the market actually says.

• Average sale price: $770,500
• Price per square foot: $978
• HonestDoor predicted market value: $1,415,427
• 3-month moving average: $1,409,783 - the predicted value is nudging above this, a small positive signal
• Estimated monthly rent: $4,913
• Rental yield: 2.76%
• Properties sold in 2026 so far: 2
• Recent value change: -1.14%
• Growth rank: 19 out of 22 Vancouver neighbourhoods - near the bottom of the leaderboard
• Price rank: 14 out of 22 Vancouver neighbourhoods - below average in price

Condos here are sliding faster than houses, and the growth rank of 19th out of 22 is a number we shouldn't ignore. That said, the HonestDoor Price is still trending upward against its 3-month average, which is a small but real counterpoint to the recent dip. For condo owners, this is a moment to pay close attention - not panic, but pay attention.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about your BC Assessment. It's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it's already six-plus months out of date. The market doesn't wait for paperwork.

The HonestDoor Price is the real-world check against that static government number. For Oakridge houses, the average HonestDoor Price sits at $3,480,137 - that's 11.60% higher than the average assessed value. For condos, the gap is even wider. The average HonestDoor Price of $1,397,807 is 34.96% above the average assessed value of $1,035,754.

That gap is not a rounding error. For a condo owner, that's potentially hundreds of thousands of dollars in equity that your assessment is simply not capturing. If you're making any financial decision - refinancing, selling, estate planning - using the assessed value alone is leaving real money on the table.

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

Here is the honest read for Oakridge sellers heading into summer 2026.

• Transaction volume is low - only 4 house transactions and 7 condo transactions recorded in 2026 so far across 2,430 assessed properties. Low supply can work in your favour if you price right.
• House prices are holding near $3.75 million on average, but the predicted value is drifting slightly below the 3-month average. Don't overprice and sit.
• Condo values have dropped 1.14% recently and rank near the bottom for growth in Vancouver. If you're a condo seller, pricing aggressively from day one beats chasing the market down.
• Your rental income potential is strong - $10,169 per month for houses and $4,913 for condos. Buyers who are investors will notice this. Lead with it.
• Compared to neighbours like Marpole (HD Price $2,374,171) and Sunset (HD Price $1,935,994), Oakridge commands a serious premium. That premium is real, but it needs to be justified with sharp pricing in a quiet market.

Bottom line - Oakridge is still one of Vancouver's most valuable neighbourhoods, full stop. But this is not a market where you can set a high price and wait. Check your HonestDoor Price, understand the gap versus your assessment, and go in with a strategy. The buyers who are active right now are informed. You should be too.

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.