Sea Island, Richmond - July 2026 Real Estate Report

Sea Island Real Estate: We're Holding Our Own While the Rest of Richmond Slides

If you've been watching the market and wondering whether Sea Island is still worth owning in - the short answer is yes, and here's why the numbers back that up.

The Vibe: What's Actually Happening on the Ground

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

Houses

The average sale price for a house in Sea Island sits at $1,184,500, and the HonestDoor Price is tracking at $1,356,551. That gap matters - we'll get to it in a second. The predicted market value is actually climbing to $1,402,879, which is up from the 3-month moving average of $1,358,013. That's not a fluke - that's momentum.

• Average sale price: $1,184,500
• HonestDoor Price: $1,356,551
• Predicted market value: $1,402,879
• Price per square foot: $1,496
• Estimated rent: $5,281 per month
• Rental yield: 4.14%
• Recent value change: up 4.69%
• Growth rank: 1 out of 15 neighbourhoods in Richmond

That growth rank is the headline stat. Out of 15 comparable neighbourhoods in Richmond, Sea Island houses are sitting at number one. We're not just keeping pace - we're leading the leaderboard. And with a rental yield of 4.14%, this isn't just a place to live. It's a place that works for your wallet.

Condos

Condos here are a quieter story, but still a solid one. The HonestDoor Price is $685,300 - up 3.21% from the previous period. The predicted market value is $664,000, nudging up from the 3-month moving average of $661,422. Values have dipped 1.60% recently, but the trend line is pointing back up.

• HonestDoor Price: $685,300 (up 3.21%)
• Predicted market value: $664,000
• Estimated rent: $3,190 per month
• Rental yield: 3.52%
• Airbnb rank in Richmond: 5th
• Growth rank: 3 out of 15 neighbourhoods in Richmond

Third place on the Richmond growth leaderboard for condos is nothing to shrug at. And that Airbnb rank of 5th in the city tells us short-term rental demand here is real. Sea Island's location near the airport isn't a quirk - it's a built-in advantage for anyone running a short-term rental.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about your city assessment. It's a snapshot from the past. The average assessed value for a house in Sea Island is $1,324,438. That number was calculated months ago using old data. The HonestDoor Price right now is $1,356,551 - that's a difference of roughly $32,000, and it's calculated in real time using current market signals.

Think of the government assessment like last year's weather forecast. It might be in the ballpark, but you wouldn't plan a summer barbecue around it. The HonestDoor Price is the live radar. It's 2.42% higher than the average assessed value in Richmond, and it's being updated as the market moves - not once a year when the city gets around to it.

If you're making any financial decision tied to your home - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you should be looking at first.

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

Here's the honest take for anyone considering listing this summer.

The house market in Sea Island is in a genuinely strong position. Predicted values are rising, we're ranked first in Richmond for growth, and the HonestDoor Price is sitting above the assessed value. That's a combination that favours sellers. You're not fighting the market - the market is working with you right now.

The one thing to keep in mind: neighbourhood growth overall dipped 0.06% year over year. The market isn't roaring - it's steady. Pricing your home correctly from day one matters more than ever. Overpricing in a steady market means sitting on the listing while buyers move on.

For condo owners, the story is similar. You're in the top three for growth in Richmond, and values are ticking back up after a small dip. If you've been waiting for a signal to list, this is a reasonable window - especially before fall inventory picks up and you're competing with more listings.

Bottom line: Sea Island isn't the flashiest neighbourhood in Richmond when you compare it to places like West Point Grey or Dunbar Southlands. But we're not trying to be. We're the neighbourhood that's quietly outperforming on growth while those bigger-ticket areas cool off. That's a story worth telling to a buyer.

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.