Rayleigh, Kamloops - August 2026 Real Estate Report

Rayleigh Real Talk: Your Home Is Worth More Than the City Thinks - But the Window Is Narrowing

If you own a home in Rayleigh and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment says the average house is worth $777,108. The real-world number? Slightly different - and the gap is moving in a direction you need to know about before you make any decisions this summer.

The Vibe: What's Actually Happening in Rayleigh Right Now

Let's break it down by property type, because houses and condos are telling two very different stories right now.

Houses - A Market Taking a Breather

We saw only 1 house sell recently, and that sale came in at $729,100 - down 9.9% from the month before. Buyers are paying about 98.54% of list price, which means sellers are giving a little ground. Properties are sitting for an average of 55 days before selling. That's not a crisis, but it's not a hot streak either.

• Average sale price: $729,100
• Average listing price: $739,900
• Price per square foot: $327
• Average days on market: 55
• Sale-to-list ratio: 98.54%

Here's the thing though - the predicted market value for Rayleigh houses sits at $777,191, which is actually ticking up against the 3-month moving average of $775,978. So while the last sale was soft, the underlying value trend is holding. We're in a cooling patch, not a freefall.

On the leaderboard, Rayleigh houses rank 5 out of 27 Kamloops neighbourhoods for growth. That puts us in the top tier of the city. Days on market ranks 12 out of 20, which is middle of the pack - homes are moving, just not flying off the shelf. Price rank is 9 out of 23, meaning we're above average in value compared to the rest of Kamloops.

For landlords, the rental picture is solid. Estimated rent comes in at $3,507 per month with a rental yield of 5.11%. That's a strong return in today's market.

Condos - Quietly Climbing

Condos in Rayleigh are a different story. The HonestDoor Price sits at $321,700, which is down 4.14% from the previous period - so there's been some softening. But the predicted market value is $335,600, and that's up meaningfully from the 3-month moving average of $294,500. The momentum is building.

• Average HonestDoor Price: $321,700
• Predicted market value: $335,600
• 3-month moving average: $294,500
• Estimated rent: $1,790 per month
• Rental yield: 4.15%
• Recent value change: 2.50%

Rayleigh condos rank 6 out of 27 Kamloops neighbourhoods for growth. That's above average, and it puts us ahead of most of the city. Compared to nearby options, we're priced below Noble Creek ($369,500 predicted) and just above Heffley Creek ($322,367). If you own a condo here, you're sitting in a sweet spot - not the most expensive, but growing faster than most.

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

Here's the honest truth about government assessments - they're a snapshot from the past. The city assessed the average Rayleigh house at $777,108, but that number is based on data that's already months old by the time it lands in your mailbox.

The HonestDoor Price updates in real time. Right now it's sitting at $772,571 for houses - about 0.58% below the city's figure. That gap might sound small, but if you're pricing a home to sell, or deciding whether to refinance, using a stale number can cost you real money. The HonestDoor Price reflects what buyers are actually doing in the market today, not what they were doing last year.

With 727 properties assessed in Rayleigh and neighbourhood growth essentially flat at -0.01% year over year, the market is at an inflection point. This is exactly when you want a live number, not a government estimate that can't keep up.

The So What - Should You Sell in Rayleigh This Summer?

If you're thinking about listing this summer, here's the straight answer: the conditions are workable, but you need to be sharp on pricing.

The house market has cooled. One sale, 55 days on market, and a sale price that came in below list - that tells us buyers have options and they know it. Pricing your home at or just under the HonestDoor Price of $772,571 gives you the best shot at a clean, fast sale. Overpricing right now will cost you weeks on market and probably a price cut anyway.

The good news is that Rayleigh still ranks near the top of Kamloops for growth - 5th out of 27 neighbourhoods. Compared to nearby areas, every single one of them - Noble Creek, Heffley Creek, and Westsyde - is cheaper than Rayleigh. That means buyers who want this area are paying a premium to be here. That's leverage you can use.

With 15 transactions recorded in 2026 and the rental yield sitting at 5.11%, investors are still paying attention to Rayleigh. If your sale doesn't close at the price you want, the rental math actually works in your favour as a backup plan.

Bottom line - Rayleigh is not a neighbourhood in trouble. It's a neighbourhood catching its breath. Price it right, use your HonestDoor Price as your anchor, and this summer is still a reasonable time to move.

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.