Seawalk, Campbell River - October 2026 Real Estate Report
Seawalk, Campbell River: Your Home Is Worth More Than the City Thinks - Or Is It?
If you own property in Seawalk and you have not looked at your numbers lately, now is the time. The city's assessment says one thing. The market is saying something a little different. Here is what is actually going on in our neighbourhood right now.
The Vibe: What the Market Is Doing for Houses and Condos
Let's break it down by property type, because houses and condos are telling two very different stories in Seawalk right now.
Houses - Steady, But Watch the Trend
If you have been watching the "For Sale" signs on the house side, here is what is actually happening. We are in a stable buyers' market. That is not a disaster, but it does mean buyers have a bit of leverage.
- Average sale price: $646,000
- Average list price this month: $649,000
- Price per square foot: $457
- Sale-to-list ratio: 99.54% - buyers are paying just under asking
- Average days on market: 19 days
- Predicted market value (HonestDoor): $1,229,566
- Estimated monthly rent: $4,497
- Rental yield: 4.72%
Nineteen days on market is actually a strong signal. On the neighbourhood leaderboard, Seawalk houses rank 2 out of 9 for speed of sale in Campbell River. That means we are moving homes faster than most of the city. The flip side? Our growth rate ranks 7 out of 9 right now. Values are not climbing fast. They are essentially flat, with a recent dip of about 1.20%. The market is taking a breather.
Condos - Taking Longer, Softening a Bit
The condo side of Seawalk is a different story. Buyers are being more patient - and that patience is costing sellers.
- Average sale price: $500,000
- Average list price this month: $519,900
- Price per square foot: $423
- Sale-to-list ratio: 96.17% - buyers are negotiating roughly $20,000 off asking
- Average days on market: 109 days
- Predicted market value (HonestDoor): $517,791
- Estimated monthly rent: $2,542
- Rental yield: 3.82%
One hundred and nine days on market is a long time. On the leaderboard, Seawalk condos rank 4 out of 5 for speed of sale - near the bottom. Growth ranks 8 out of 9. If you own a condo here and are thinking about selling, the data is telling you not to wait for conditions to improve on their own. They are not trending that way right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about government assessments - they are a snapshot from the past. The city assessed the average Seawalk house at $1,329,628. But the HonestDoor Price right now is $1,223,564. That is a gap of nearly $106,000. The assessment is running about 7.98% higher than what the real-world market is actually pricing these homes at today.
Why does that matter to us? Because if you are making a decision about selling, refinancing, or even just understanding your net worth, using a stale government number can send you in the wrong direction. The HonestDoor Price updates in real time. It reflects what buyers are actually paying right now - not what an assessor calculated months ago based on older data.
For condos, the HonestDoor Price sits at $514,176, down 0.70% from the previous period. That is a small but real move in the wrong direction. Knowing that now gives you options. Waiting until next year's assessment to find out? That just costs you time.
The "So What?" - Thinking About Selling This Summer?
If you are a Seawalk homeowner with a house and you are considering listing this summer, here is the honest take. The good news is that houses here are still selling relatively quickly - 19 days is solid. Buyers are paying close to full asking price. Seawalk also holds the top spot in Campbell River for average assessed value, which tells you this neighbourhood carries real prestige. That matters when you are marketing a property.
The caution is this: values are not climbing right now. A recent change of -1.20% and a growth rank of 7 out of 9 means you are not going to gain much by sitting on the sidelines waiting for the market to run up. If you need to sell, this summer is a reasonable window. Price it right from day one - that 99.54% sale-to-list ratio tells us buyers are not overpaying, but they are paying fair value when the price makes sense.
For condo owners, the math is tougher. With 109 days on market and buyers landing nearly 4% below list price, you need to go in with a sharp price and a clear strategy. The neighbourhood leaderboard is not in your favour right now. Seawalk condos are above average in price compared to Campbell River North, but growth is near the bottom of the pack. If selling is the plan, do not let the city's assessment give you false confidence. Pull your HonestDoor Price first and price from there.
Bottom line - Seawalk is still one of Campbell River's top addresses. But right now the market rewards sellers who are realistic, not optimistic. Know your real number before you list.
seawalk | campbell river | october 2026This 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.