Pleasantside, Port Moody - August 2026 Real Estate Report

Pleasantside, Port Moody: Your Home Is Worth More Than the City Thinks - But the Gap Is Closing

If you've been glancing at your latest BC Assessment notice and wondering if it tells the whole story, the short answer is: not quite. Here's what's actually happening on the ground in Pleasantside right now.

The Vibe: What the Numbers Are Really Saying

Pleasantside sits in an interesting spot. We're one of Port Moody's pricier pockets, but the market is taking a breather. Values are drifting down slightly across the board - both for houses and condos. It's not a freefall, but it's not a rocket ship either. Here's the breakdown.

Houses: Still the Most Expensive in Port Moody

Our houses rank 1 out of 13 neighbourhoods in Port Moody for price. That's the top spot. But on the growth leaderboard, we sit at 9 out of 16 - below average. That combination tells us we're a premium address that's pausing, not collapsing.

• Average assessed value: $1,794,598
• Average HonestDoor Price: $1,831,658 - that's $37,060 above the city's assessment
• Recent price change: -1.56%
• 3-month moving average: $1,866,873 - current predicted value of $1,841,341 is trending below that
• Average sale price: $1,999,999
• Price per square foot: $621
• Estimated rent: $6,382 per month
• Rental yield: 3.88%
• Airbnb potential: $316 per night - ranked 3rd in Port Moody
• Properties assessed this year: 859

One house sold last month. That's a thin market, which cuts both ways - less competition if you're selling, but fewer data points to anchor your price expectations. The Airbnb ranking of 3rd in Port Moody is a genuine bright spot for anyone thinking about short-term rental income.

Condos: Affordable by Pleasantside Standards, Sliding on Growth

Our condo picture is a different story. We rank 7 out of 8 for price among Port Moody condo neighbourhoods - so we're on the affordable end here. And on the growth leaderboard, condos sit at 13 out of 15. That puts us near the bottom of the pack for momentum right now.

• Average assessed value: $618,726
• Average HonestDoor Price: $585,254 - that's actually 5.41% below the city's assessment
• Recent price change: -2.25%
• 3-month moving average: $599,628 - current predicted value of $586,159 is tracking below that
• Average sale price: $450,054
• Price per square foot: $608
• Estimated rent: $2,875 per month
• Rental yield: 3.67%
• Airbnb potential: $143 per night - ranked 12th in Port Moody
• Properties assessed this year: 160

For condos specifically, the HonestDoor Price is actually coming in below the city's assessed value. That's a signal worth paying attention to - it means the real-world market is pricing these units lower than what's on your tax notice.

The Secret Sauce: Why Your HonestDoor Price Matters More Right Now

BC Assessment snapshots your property value on July 1st of the previous year. By the time that notice lands in your mailbox, the data is already six to twelve months old. In a market that's moved -1.56% on houses and -2.25% on condos recently, that lag matters.

The HonestDoor Price is updated in real time using actual transaction data, market trends, and current comparable sales. For Pleasantside house owners, it's showing $1,831,658 - about 2.07% above the city's number. For condo owners, it's flipping the script and showing a value 5.41% below assessment. Neither of those gaps shows up on your tax notice.

Knowing your real-world number - not the government's snapshot - is the difference between pricing your home right and leaving money on the table or sitting unsold for months.

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

Here's the straight talk for anyone weighing a summer listing in Pleasantside.

For house sellers - you're still sitting on one of Port Moody's most valuable addresses. But the 3-month trend is pointing down, not up. Waiting for the market to recover could work, but there's no guarantee of a quick bounce when growth ranks 9th out of 16 neighbourhoods. If your timeline is flexible, watch the next 60 days closely. If you need to move, price sharp and price now - the $1,999,999 recent sale shows buyers are still active at the top end when the product is right.

For condo sellers - the picture is tougher. Values are sliding, the growth rank is near the bottom, and the HonestDoor Price is already below your assessed value. Sitting and waiting in a bottom-tier growth neighbourhood is a riskier play. A well-priced listing that reflects today's market - not last July's - is your best tool right now.

Either way, check your HonestDoor Price before you call an agent. It's the most current read on what your home is actually worth today - not what the city guessed it was worth a year ago.

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.