Sea Island, Richmond - September 2026 Real Estate Report

Sea Island, Richmond: Your Home Is Worth More Than the City Thinks

If you own a place in Sea Island and you have not checked your numbers lately, here is the short version: the city's assessment is already behind. The average assessed value sits at $1,324,438, but the average HonestDoor Price is $1,346,126 - that is a $21,688 gap, and it matters more than most people realize. More on that in a second.

The Vibe: What Is Actually Happening in Sea Island Right Now

Sea Island is a small, tight market. We are talking 282 assessed properties and just 1 transaction recorded in 2026 so far. That low volume means every sale carries serious weight - one deal can move the needle for the whole neighbourhood. Neighbourhood growth dipped 0.06% year over year, so we are taking a small breather, but the house market is quietly punching above its weight.

Houses: A Quiet Overachiever

Here is something worth knowing. On the neighbourhood leaderboard for growth, Sea Island houses rank 2 out of 15 comparable neighbourhoods in Richmond. That puts us near the top of the pack, even while prices are taking a modest pause.

• Average sale price: $1,000,000 (essentially flat month over month)
• Price per square foot: $898
• Predicted market value: $1,368,771
• 3-month moving average: $1,376,067 (values are easing slightly)
• Estimated monthly rent: $5,192
• Rental yield: 4.17% - solid, moderate returns
• Airbnb income potential: roughly $258 per month
• Recent value change: up 0.90%

For context, the predicted house value here ($1,368,771) actually comes in higher than nearby Dunbar Southlands at the comparable tier ($1,161,079). That is not a number most people expect when they think of Sea Island versus those bigger-name neighbourhoods.

Condos: Taking a Bigger Breather

The condo side of Sea Island is a different story right now. Values have slipped, and it shows in the rankings.

• Average HonestDoor Price: $639,900 (down 4.96% from the previous period)
• Predicted market value: $673,267
• 3-month moving average: $674,189 (trending down slightly)
• Estimated monthly rent: $3,227
• Rental yield: 3.50% - moderate
• Airbnb income potential: roughly $160 per month
• Recent value change: -1.76%
• Growth rank: 10 out of 15 in Richmond - below average right now

The condo market is cooling, no sugarcoating it. That said, the predicted value ($673,267) still edges out nearby Thompson condos ($642,312), so we are not at the bottom of the pile. Condo owners just need to be realistic about pricing if they are thinking about listing.

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

Your BC Assessment number is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already six-plus months old. The market does not wait for paperwork.

The HonestDoor Price updates in real time using actual sales data, market shifts, and current comparable properties. For Sea Island houses, that means the HonestDoor Price is already 1.64% higher than the average assessed value - a gap that grows every time the market moves and the assessment does not. If you are using your assessment to decide whether to sell, refinance, or even just understand your net worth, you are working with a stale number. The HonestDoor Price is the real-world check.

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

If you own a house in Sea Island, the timing conversation is genuinely interesting. Growth ranks second in Richmond, the predicted value is holding above $1.3 million, and rental demand is strong at $5,192 per month. The market is not on fire, but it is not soft either. A well-priced house here will find a buyer.

If you own a condo, be honest with yourself about the 4.96% price drop. That does not mean do not sell - it means price it right from day one. Overpricing a condo in a cooling segment is the fastest way to sit on the market and eventually drop anyway.

Either way, the first step is knowing your real number - not the city's number from last July. Pull your HonestDoor Price, compare it to what is actually selling nearby, and make the call from there. That is how neighbours here make smart moves.

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.