Seawalk, Campbell River - September 2026 Real Estate Report

Seawalk, Campbell River: Your Home Is Worth Less Than the City Thinks - And That Matters Right Now

If you own property in Seawalk and you have been quietly assuming your tax assessment reflects what your home would actually sell for, it is time to have a real conversation. The numbers tell a different story - and knowing that story could save you from a costly mistake this summer.

The Vibe: What Is Actually Happening in Seawalk 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: Strong Prices, But the Momentum Is Building

If you have been watching the "For Sale" signs around Seawalk, here is what is actually happening with houses. The average HonestDoor Price sits at $1,218,204 - and it is nudging upward. The 3-month moving average is $1,218,456, but the predicted market value has climbed to $1,239,359, a recent change of 2.07%. That is the market finding its footing after a brief dip of 1.20% from the previous period.

• Average HonestDoor Price: $1,218,204
• Predicted Market Value: $1,239,359 (up from 3-month average of $1,218,456)
• Recent Price Change: +2.07%
• Estimated Monthly Rent: $4,545
• Rental Yield: 4.70%
• Airbnb Estimate: $223 per night
• Neighbourhood Growth Rank: 3 out of 9 in Campbell River - above average
• Airbnb Rank in Campbell River: No. 1

That Airbnb ranking is worth pausing on. Seawalk sits at the top of Campbell River for short-term rental income potential. If you own a house here and are not thinking about that angle, you are leaving money on the table. At $223 per night, the income case for Seawalk is hard to argue with.

On the neighbourhood leaderboard, houses in Seawalk rank 3rd out of 9 comparable neighbourhoods for growth in Campbell River. That puts us solidly in the above-average tier - ahead of most, but with room to watch the leaders. Year-over-year neighbourhood growth is 0.01%, which is steady rather than spectacular. We are not in a frenzy. We are in a stable, high-value pocket of the city.

Condos: A Buyers' Market With a Silver Lining

The condo picture in Seawalk is more nuanced. One property sold recently at $500,000, with listings averaging $519,900. Buyers paid 96.17% of list price on average - meaning sellers are coming down to close deals. Properties are sitting on the market for an average of 109 days, and the days-on-market rank is 5 out of 5 in Campbell River. That is the slowest tier. No sugarcoating it - condos here are taking a breather.

• Average HonestDoor Price: $517,791 (down 0.55% from previous period)
• Predicted Market Value: $520,632
• Average Sale Price: $500,000
• Average List Price: $519,900
• Price Per Square Foot: $423
• Sale-to-List Ratio: 96.17%
• Average Days on Market: 109 days
• Estimated Monthly Rent: $2,542
• Rental Yield: 3.82%
• Airbnb Estimate: $126 per night
• Growth Rank: 3 out of 9 in Campbell River - above average
• Price Rank: 2 out of 4 - above average in Campbell River

The silver lining? The predicted value of $520,632 is creeping above the 3-month moving average of $519,909. It is a small move, but it is moving in the right direction. And compared to nearby Campbell River North condos at $425,182, Seawalk condos are still commanding a meaningful premium. We are priced above average in this city for a reason.

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

Here is the thing about your BC Assessment. It was calculated using data from July 1st of the previous year. The market has moved since then - and in Seawalk, it has moved in a direction that your assessment does not reflect.

The average assessed value for houses in Seawalk is $1,329,628. The average HonestDoor Price is $1,218,204. That is a gap of 8.38%. In dollar terms, that is roughly $111,000 of assessed value that the current market is not supporting. If you are pricing a home based on your assessment, you are starting from the wrong number - and buyers will know it.

The HonestDoor Price is updated in real time using current sales data, market trends, and comparable properties. It is the real-world check against a static government number that gets refreshed once a year. For Seawalk homeowners, checking your HonestDoor Price right now is not just a curiosity - it is a practical tool for making smart decisions.

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

If you are a Seawalk homeowner eyeing a summer sale, here is the straight talk.

For house sellers, the momentum is on your side. The predicted value is climbing above the 3-month average, the Airbnb appeal of this neighbourhood is unmatched in Campbell River, and a rental yield of 4.70% makes the income story easy for buyers to understand. Price it right - meaning closer to $1,218,000 to $1,239,000, not your assessment - and you have a compelling listing.

For condo sellers, patience and pricing discipline are your best friends right now. With 109 days on market being the norm and buyers consistently paying below list price, coming in too high will cost you time. The predicted value of $520,632 is your anchor. Price near it, not above it, and you shorten your wait considerably.

Either way, the move is the same - check your HonestDoor Price before you do anything else. It is the most current picture of what your property is actually worth in today's market, not last July's market. In a neighbourhood like Seawalk, where the gap between assessed value and real-world value is nearly $111,000 for houses, that distinction is not a small thing. It is the difference between a smart sale and a frustrating one.

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.