Second Street, New Westminster - July 2026 Real Estate Report

Second Street Is Holding Its Own - Here Is What Your Home Is Actually Worth Right Now

If you have been glancing at "For Sale" signs on Second Street and wondering whether the market is moving for you or against you, here is the straight answer: it depends on what you own. Houses and condos are telling two different stories right now, and both are worth paying attention to.

The Vibe: Houses vs. Condos on Second Street

Let us start with houses. The average sale price came in at $1,300,000 last month, which is down 11.9% from the month before. That sounds alarming, but keep this in mind - only 1 property sold. One sale does not make a trend. It makes a data point. The predicted market value for houses sits at $1,777,360, which is actually nudging upward from the 3-month moving average of $1,767,946. So the underlying value story is still positive, even if last month's single sale looked soft.

Price per square foot is running around $904, and if you are renting out a house here, you are looking at an estimated $6,255 per month in rent - a rental yield of 3.83%. That is a respectable return for a market like Burnaby.

On the condo side, we are seeing something genuinely interesting. The predicted market value is $1,365,318, and it is climbing - up from a 3-month moving average of $1,287,681. That is real momentum. Condo values have moved 2.04% recently, which puts Second Street condos at rank 14 out of 37 comparable Burnaby neighbourhoods for growth. That is solidly above average. Estimated rent for condos is $4,908 per month, with a 2.80% rental yield.

• House predicted market value: $1,777,360 (up from 3-month average of $1,767,946)
• House average sale price last month: $1,300,000 (1 sale, down 11.9%)
• House price per square foot: $904
• House estimated rent: $6,255/month - rental yield 3.83%
• House growth rank: 8 out of 36 in Burnaby - above average
• House price rank: 16 out of 34 in Burnaby - above average
• Condo predicted market value: $1,365,318 (up from 3-month average of $1,287,681)
• Condo recent value change: +2.04%
• Condo estimated rent: $4,908/month - rental yield 2.80%
• Condo growth rank: 14 out of 37 in Burnaby - above average

The Secret Sauce: Your HonestDoor Price vs. That Old Assessment Number

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 the real-world check. It pulls from current sales data, market movement, and neighbourhood trends to give you a number that actually reflects today - not last summer. For Second Street in New Westminster, the average HonestDoor Price is $957,200, up 5.79% from the previous period. That kind of shift would not show up on your assessment until next year. If you are making any financial decision - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number you want in your hand, not the government's stale estimate.

And for context, nearby Lakeview-Mayfield is averaging an HD Price of $2,004,108. Glenbrooke North is at $1,304,600. Knowing where Second Street sits relative to its neighbours is exactly the kind of intel that helps you price smart, not just price fast.

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

If you are a house owner on Second Street in Burnaby, the neighbourhood leaderboard is working in your favour. A growth rank of 8 out of 36 means we are in the top quarter of Burnaby neighbourhoods for value momentum. That is a real selling point - literally. Buyers doing their homework will see that.

The one soft spot is that last month's single sale came in below the predicted market value. That gap - $1,300,000 sold vs. $1,777,360 predicted - is worth a conversation with your agent before you list. It could mean the sold property was smaller or needed work. It could also mean buyer hesitation at the top end. Either way, you want to know before you set your price.

For condo owners, the timing looks genuinely good. Values are trending up, the 3-month average is rising, and a 2.04% recent gain puts us ahead of most comparable Burnaby neighbourhoods. If you have been sitting on the fence, summer inventory is typically tighter, which means less competition for your listing.

Bottom line - check your HonestDoor Price today. Not next month, not when the next assessment arrives. Right now. The market is moving, and the number on your fridge from last January is not keeping up.

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.