River Heights, Coquitlam - August 2026 Real Estate Report

River Heights, Coquitlam: Your Home Is Worth Less Than the City Thinks

If you have been watching the "For Sale" signs in River Heights lately, here is what is actually happening. The city assessed your home at one number. The real world is saying something different. And if you are thinking about selling this summer, that gap matters more than you might think.

The Vibe: What Is Going On With Prices Right Now

Let us break it down by property type, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses: Taking a Breather

The honest truth is that house values in River Heights are sliding. Not crashing - but sliding. Here is the snapshot:

• Average HonestDoor Price: $1,581,530
• Recent price change: down 2.89%
• Average sale price: $1,824,950
• Price per square foot: $557
• Properties sold recently: 2
• Predicted market value: $1,628,657 - down from the 3-month average of $1,648,496
• Estimated monthly rent: $5,855 with a rental yield of 3.94%
• Neighbourhood growth: down 0.04% year over year
• Growth rank: 10 out of 13 neighbourhoods in Coquitlam
• Price rank: 3 out of 12 neighbourhoods in Coquitlam - we are still in the upper tier for value

That growth rank is the number to pay attention to. On the neighbourhood leaderboard, River Heights houses sit near the bottom third for momentum right now. We are not the fastest-moving market in Coquitlam. But we are still one of the pricier ones, which means sellers have real equity to work with - they just need to price smart, not optimistically.

For context, nearby Central Coquitlam has a predicted value of $1,661,919 for houses - slightly ahead of us. Port Coquitlam comes in cheaper at $1,298,783 but is actually losing value slower. That is worth knowing if you are comparing your options.

Condos: A Brighter Picture

If you own a condo in River Heights, the news is genuinely better. Values are ticking up, and we rank well compared to the rest of Coquitlam. Here is the breakdown:

• Average HonestDoor Price: $660,847
• Recent price change: up 0.80%
• Average sale price: $759,000
• Price per square foot: $1,037
• Properties sold recently: 1
• Predicted market value: $671,541 - up from the 3-month average of $663,051
• Estimated monthly rent: $3,189 with a rental yield of 3.50%
• Growth rank: 3 out of 13 neighbourhoods in Coquitlam - above average
• Price rank: 2 out of 9 neighbourhoods in Coquitlam - near the top

Condo owners in River Heights are sitting in a good spot. We rank near the top for price and in the top quarter for growth. That is a combination that does not show up everywhere in Coquitlam right now.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment

Here is the thing about your BC Assessment notice. That number was calculated using data from July 1st of the previous year. It is already old by the time it lands in your mailbox. The market does not wait for government paperwork.

Right now, the average assessed value for a River Heights house is $1,628,143. The average HonestDoor Price is $1,581,530. That is a gap of roughly $46,600 - and it is the market telling you the assessed value is running a little hot compared to what buyers are actually paying today.

The HonestDoor Price pulls from real transaction data, current market signals, and live neighbourhood trends. It updates in real time. Your assessment does not. If you are making a decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the number that reflects today - not last July.

For condo owners, the HonestDoor Price of $660,847 is trending upward. That is a signal worth acting on before the next assessment cycle catches up.

The So What: Thinking About Selling This Summer?

If you own a house in River Heights and you are thinking about listing this summer, here is the straight talk. Values are drifting down - minus 2.59% recently - and we sit 10th out of 13 Coquitlam neighbourhoods for growth momentum. That does not mean you should panic. It means you should not wait around hoping the market comes back to you. Price it right from day one. Buyers in this range are paying attention, and an overpriced listing in a softening market just sits.

There were only 3 property transactions in River Heights in 2026 so far. Low volume means less competition from other sellers - but also fewer buyers actively shopping the street. You need your listing to stand out on price and presentation.

If you own a condo, the calculus is different. Values are nudging up, our growth rank is strong, and rental demand is real at $3,189 per month estimated. If you are on the fence, the trend is currently working in your favour. Summer could be a solid window.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing what the market actually thinks your home is worth today - not what the city guessed last summer.

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.