Seafair, Richmond - September 2026 Real Estate Report

Seafair, Richmond: Your Neighbour Just Listed. Here Is What You Actually Need to Know.

If you have been watching the "For Sale" signs pop up around Seafair this season, here is the straight story on what is happening with prices, what your home is probably worth right now, and whether this summer is the right time to make a move.

The Vibe: What the Market Is Actually Doing

Seafair is one of Richmond's priciest pockets - and the numbers back that up. But "expensive" does not mean "flying off the shelves" right now. The market is taking a breather. Here is how houses and condos are each telling a slightly different story.

Houses: Still the Most Expensive in Richmond, But Watch the Trend

We are sitting at the top of the Richmond price leaderboard for houses. That is not a small thing. But the momentum has softened, and anyone thinking about selling needs to understand what that means for their asking price.

• Average HonestDoor Price: $1,917,511
• Average Assessed Value: $1,893,293 - the HonestDoor Price runs about 1.28% above that
• Predicted Market Value: $1,941,338
• 3-Month Moving Average: $1,952,699 - values are drifting slightly below this trend
• Recent Price Change: -0.60%
• Average Sale Price This Month: $1,450,000 (1 sale recorded - treat this number with caution given the tiny sample)
• Price Per Square Foot: $603
• Estimated Monthly Rent: $6,685 - rental yield of 3.83%
• Airbnb Potential: $332 per night - ranked No. 1 in all of Richmond for Airbnb income
• Growth Rank: 7 out of 15 Richmond neighbourhoods - solidly above average
• Price Rank: 1 out of 13 - the most expensive in Richmond

One sale this month makes the $1,450,000 average look alarming at first glance - down 25.6% from last month. Do not panic. One transaction does not make a trend. The HonestDoor Price of $1,917,511 and the predicted market value of $1,941,338 are far more reliable signals of where your home actually sits right now. Neighbourhood growth is down a modest 0.06% year over year, and we rank 7th out of 15 for growth - above average, not a red flag.

Condos: Affordable by Seafair Standards, and Quietly Stabilizing

Condos in Seafair are a different conversation. We are among the most affordable condo options in Richmond - which sounds like a knock, but it is actually an opportunity depending on which side of the transaction you are on.

• Average HonestDoor Price: $498,017 - up 0.36% from the previous period
• Average Assessed Value: $506,164 - the HonestDoor Price is running 1.61% below that
• Predicted Market Value: $496,226
• 3-Month Moving Average: $492,677 - values are actually creeping upward against this trend
• Recent Price Change: -0.82%
• Average Sale Price: $402,500 - price per square foot around $574
• Estimated Monthly Rent: $2,503 - rental yield of 3.84%
• Airbnb Potential: $124 per night
• Growth Rank: 8 out of 15 Richmond neighbourhoods - just below the midpoint
• Price Rank: 12 out of 13 - among the most affordable condos in Richmond

Here is the interesting part for condo owners: while the assessed value says $506,164, the HonestDoor Price is $498,017 - and it is trending upward. The predicted market value is also climbing above the 3-month average. That is a quiet positive signal in a market that has been mostly flat. Compare us to nearby Thompson ($637,649 HonestDoor Price) or Steveston ($1,003,400) and Seafair condos look like the budget-friendly entry point into a high-value neighbourhood.

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

Here is the thing about your BC Assessment notice - it is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already six to twelve months out of date. The market does not wait for paperwork.

The HonestDoor Price is updated in real time using actual transaction data, current market signals, and neighbourhood-level trends. For Seafair houses, that means the HonestDoor Price of $1,917,511 is already running $24,218 above the average assessed value. For condos, it tells a different story - the HonestDoor Price of $498,017 is actually $8,147 below the assessed value, which matters if you are pricing a listing or negotiating a purchase.

If you are making any financial decision based on your assessed value alone - refinancing, listing, or even just benchmarking your net worth - you are working with a stale number. Check your HonestDoor Price first. It is the real-world check.

The "So What?" - Should You Sell in Seafair This Summer?

If you own a house in Seafair and have been on the fence, here is the honest take: you are still sitting on one of the most valuable properties in Richmond. Price rank No. 1 out of 13 is not nothing. But the 3-month moving average is drifting down slightly, and the broader growth rate has softened. Waiting for a big price surge this summer is probably not the play.

If you want to sell, the window is now - before any further softening. With only 13 total transactions recorded in Seafair in 2026 so far, inventory is tight and serious buyers are still active. Low supply plus a premium address is still a strong hand to play.

If you own a condo, the calculus is a bit different. Prices are near the bottom of the Richmond condo market, but the HonestDoor Price is ticking up and the predicted value is climbing above the 3-month average. That is an early stabilization signal. Selling now gets you out near the floor. Holding a little longer - especially with a 3.84% rental yield covering your costs - might make more sense if you are not in a rush.

• Seafair house owners: strong position, act before the moving average drops further
• Seafair condo owners: market is stabilizing - rental yield of 3.84% makes holding a reasonable option
• Both: check your HonestDoor Price before you do anything - your assessed value is not the number that matters right now

Want to know exactly where your Seafair property sits today? Pull your HonestDoor Price at HonestDoor.com - it takes about 30 seconds and it is the most current number you will find.

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.