Paradise, Paradise - September 2026 Real Estate Report

Paradise Real Estate Right Now: What Your Neighbours Are Not Telling You

If you own a home in Paradise and you have not checked your property value lately, now is the time. The market is moving - not dramatically, but enough that the number on your last tax assessment is almost certainly out of date. Here is the straight story on what is happening in our neighbourhood.

The Vibe: Houses vs. Condos in Paradise

Let us start with houses, because the story there is actually pretty solid for homeowners.

The average HonestDoor Price for a house in Paradise sits at $389,961, up 0.59% from the previous period. The predicted market value is $387,660, and that number is climbing - it is up from a 3-month moving average of $387,584. Small move, but it is moving in the right direction. On top of that, houses here are pulling a rental yield of 5.84%, which is genuinely strong. If you are renting yours out, you are sitting at roughly $2,038 per month in estimated rent. And if you are thinking short-term rental, the Airbnb estimate comes in around $101 per night, with Paradise ranking 6th in the city for Airbnb potential.

The neighbourhood leaderboard stat that should make house owners feel good: Paradise ranks 1st out of 8 comparable neighbourhoods for growth. That is not a participation trophy - that is the top spot.

Condos are a different conversation. We will be honest with you here. The average HonestDoor Price for a condo is $374,079, which is down 27.04% from the previous period. That is a significant drop and worth paying attention to. The predicted market value tells a more complex story at $512,736 - up from a 3-month moving average of $498,960 - but recent price change is sitting at -6.46%. The rental yield for condos is 3.82%, which is moderate. Condos in Paradise rank 5th out of 8 for growth right now, which puts us in below-average territory compared to the rest of the city.

• House HonestDoor Price: $389,961 (up 0.59%)
• House predicted market value: $387,660
• House rental yield: 5.84% - strong
• House estimated rent: $2,038 per month
• House Airbnb estimate: $101 per night
• House growth rank: 1st out of 8 neighbourhoods
• Condo HonestDoor Price: $374,079 (down 27.04%)
• Condo predicted market value: $512,736
• Condo rental yield: 3.82% - moderate
• Condo estimated rent: $1,971 per month
• Condo Airbnb estimate: $98 per night
• Condo growth rank: 5th out of 8 neighbourhoods

How We Stack Up Against the Neighbours

For house owners, here is a quick look at what is happening on the other side of the fence. St. Thomas houses are averaging an HonestDoor Price of $487,184 with estimated rent of $2,464. Valley Ridge sits at $438,448 with rent around $2,250. Donovan Terrace is actually cheaper than us at $382,655. So Paradise houses are priced competitively - not the cheapest, not the most expensive, but holding their own and leading the pack on growth.

For condos, St. Thomas is close at $376,133 and Donovan Terrace is just below at $366,100. Valley Ridge condos are significantly cheaper at $264,094. Paradise condos are near the top of that range, which is worth knowing if you are thinking about listing.

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

Here is the thing about your city assessment - it is a snapshot from the past. It gets updated on a schedule that has nothing to do with what buyers are actually paying right now on your street. The HonestDoor Price is a real-time estimate that pulls from current market data. It is the number that reflects what a buyer would likely offer today, not what a government formula calculated months ago.

For house owners in Paradise, that distinction matters right now. Your assessment might be sitting still while your HonestDoor Price has already moved up. If you are making any financial decisions - refinancing, selling, even just figuring out your net worth - you want the live number, not the stale one.

For condo owners, it works the other way too. If your assessment has not caught up to the recent price softness, you might be paying more in property tax than you should. Knowing your real HonestDoor Price gives you something to work with.

The So What - Should You Sell This Summer?

If you own a house in Paradise, the case for listing this summer is real. You are sitting at the top of the local growth leaderboard, rental demand is strong, and buyers looking at St. Thomas or Valley Ridge - where prices are higher - may well settle on Paradise as the smarter value play. That is a good position to be in.

If you own a condo, take a breath before rushing to list. The recent price change of -6.46% and a below-average growth rank suggest the condo market here is taking a breather. That does not mean do not sell - it means go in with clear eyes, price it right from day one, and do not anchor to what the unit was worth a year ago.

Either way, the first move is the same: check your HonestDoor Price today. It takes two minutes and it gives you the real-world number - not the government's best guess from last year.

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.