Pinewood, North Bay - September 2026 Real Estate Report

Pinewood, North Bay: Your House Is Doing One Thing, Your Condo Is Doing Another

If you own property in Pinewood and you haven't checked your numbers lately, now is the time. The house and condo markets here are moving in opposite directions, and that gap matters a lot depending on what you own and what you're planning to do with it.

The Vibe: Houses vs. Condos in Pinewood

Let's be straight with each other. Houses in Pinewood are taking a breather. The average HonestDoor Price for a house sits at $474,437, down about 2% from the previous period. Sales volume is thin - only one house sold recently - and the price per square foot is around $184. That said, the predicted market value for houses is $484,167, which is actually creeping up past the 3-month moving average of $481,879. So the floor hasn't dropped out. It's just a slow moment.

On the growth leaderboard for North Bay, our houses rank 7 out of 10. Below average, yes. But here's the flip side - we rank 2 out of 2 on affordability, meaning Pinewood houses are among the most accessible entry points in the city. For buyers, that's a real advantage. For sellers, it means pricing sharp matters more than ever.

• Average HonestDoor Price (Houses): $474,437
• Recent price change: -2.01%
• Average sale price: $460,000
• Price per square foot: $184
• Predicted market value: $484,167
• Estimated monthly rent: $2,448
• Rental yield: 5.66%
• Airbnb rank in North Bay: 7
• Growth rank: 7 out of 10
• Affordability rank: 2 out of 2 (most affordable)

Condos are a different story. The average HonestDoor Price for a Pinewood condo is $584,571, up 2.31% from the previous period. The predicted market value is $571,393, climbing past the 3-month moving average of $557,029. On the North Bay growth leaderboard, Pinewood condos rank 2 out of 10 - that puts us in the top performers in the city. If you own a condo here, that number should make you feel good.

• Average HonestDoor Price (Condos): $584,571
• Recent price change: +2.31%
• Predicted market value: $571,393
• Estimated monthly rent: $2,645
• Rental yield: 3.69%
• Airbnb estimate: $132 per night
• Airbnb rank in North Bay: 3
• Growth rank: 2 out of 10 (top performer)

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for the Tax Assessment

Here's the thing about your city tax assessment - it's a snapshot from the past. By the time it lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. That means if you're a condo owner in Pinewood right now, your HonestDoor Price is already reflecting that 2.31% gain. Your tax assessment almost certainly isn't.

For house owners, the HonestDoor Price is giving you an honest look at where things actually stand - not where they stood 12 or 18 months ago. A $474,437 HonestDoor Price versus a potentially inflated older assessment is the kind of real-world check that helps you make smarter decisions, whether you're refinancing, selling, or just keeping score.

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

If you own a condo in Pinewood, summer 2025 is looking like a solid window. Values are rising, you're sitting near the top of the North Bay growth leaderboard, and the rental yield of 3.69% gives buyers a reason to pay attention. Demand from investors is real when the numbers make sense, and right now they do.

If you own a house, don't panic - but don't wait forever either. The predicted value of $484,167 is higher than the recent average sale price of $460,000, which means there's room to price well and still win. The rental yield on houses is actually stronger at 5.66%, so if a buyer is even slightly investment-minded, that's your pitch. Pinewood houses are also cheaper than nearby Gateway ($425,919 predicted value for houses there), which positions us as the better deal in the pocket.

Bottom line - check your HonestDoor Price before you call an agent, before you set a number, and before you assume your old assessment tells the real story. It doesn't. Your HonestDoor Price does.

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.