Shaughnessy, Vancouver - July 2026 Real Estate Report

Shaughnessy Real Talk: Your Home Is Worth Way More Than the City Thinks

If you own in Shaughnessy and you've been glancing at your latest property assessment, here's the honest truth - that number is leaving serious money on the table. The city says your house is worth around $3.66 million. The market says otherwise. Let's get into it.

The Vibe: What's Actually Happening With Houses and Condos Right Now

Shaughnessy is still the undisputed heavyweight of Vancouver real estate. But the two property types here are telling very different stories right now, and if you own either one, you need to know which camp you're in.

Houses - The Quiet Giant

Our houses are holding their ground. The average sale price is sitting at $4,470,000, and the HonestDoor Price for houses is $5,366,715. That's the real-world number - the one that reflects what a buyer would actually put on the table today. Yes, it's ticked down slightly from the 3-month moving average of $5,405,404, so we're taking a small breather. But "breather" is the right word here, not "decline." At $778 per square foot, Shaughnessy houses rank number 1 in all of Vancouver for price. Dead last in affordability for buyers. Dead first for owners who want to know what they're sitting on.

• Average Sale Price: $4,470,000
• HonestDoor Price: $5,366,715
• Price Per Square Foot: $778
• Rental Estimate: $13,187 per month
• Rental Yield: 2.80%
• Growth Rank: 5 out of 23 neighbourhoods - above average in Vancouver
• Price Rank: 1 out of 22 - most expensive in Vancouver

Condos - Steady, But Watch the Leaderboard

Our condos are a different story. The HonestDoor Price for condos is $1,412,432, up 0.66% from last period - which is actually the good news. The not-so-good news? On the neighbourhood growth leaderboard, Shaughnessy condos rank 22 out of 22 in Vancouver. Dead last. That doesn't mean values are crashing - they're not. It means the growth engine for condos here is running cold compared to the rest of the city. The average sale price is $1,170,000 at $963 per square foot, and rental income potential sits at $4,848 per month. Solid numbers, but the momentum isn't there right now.

• Average Sale Price: $1,170,000
• HonestDoor Price: $1,412,432
• Price Per Square Foot: $963
• Rental Estimate: $4,848 per month
• Rental Yield: 2.99%
• Growth Rank: 22 out of 22 - bottom of the pack in Vancouver
• Price Rank: 4 out of 22 - still among the most expensive

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

Here's the thing about your city assessment. It's a snapshot from the past. It gets updated once a year, it uses broad strokes, and it has zero interest in telling you what a motivated buyer would pay for your specific home on a Tuesday in July 2025.

The HonestDoor Price is the real-world check. For houses in Shaughnessy, the average assessed value is $3,661,586. The HonestDoor Price is $5,364,515. That's a gap of 46.51%. Nearly half a million dollars of difference - actually, well over a million. If you're making any financial decision - refinancing, estate planning, deciding whether to sell - and you're using the city's number, you are working with incomplete information.

For condos, the assessed value averages $1,149,606 while the HonestDoor Price sits at $1,412,432 - a 22.86% difference. Still a meaningful gap. The HonestDoor Price updates continuously based on real market signals. Your tax assessment does not. That's the difference between a map and a GPS.

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

If you own a house here, the case for selling this summer is real. You're sitting at the top of Vancouver's price leaderboard, growth is ranked above average at 5 out of 23, and every comparable neighbourhood nearby - South Cambie, Arbutus Ridge, Fairview - is cheaper and growing slower. Buyers who want Shaughnessy have nowhere else to go to get what Shaughnessy offers. That's leverage.

The one honest caveat: transaction volume is thin. One house sold in 2026 so far. That means the market here is selective, not slow. The right house, priced right against the HonestDoor Price rather than the assessed value, will find a serious buyer. Price it against the old assessment and you're either leaving money behind or sitting on the market too long.

If you own a condo here, the calculus is a bit different. Being ranked last in growth among Vancouver condos is a signal worth paying attention to. It doesn't mean sell in a panic - your price rank is still 4th most expensive in the city. But if you've been thinking about making a move, waiting for a big appreciation pop in the near term may not be the right strategy. The HonestDoor Price is up 0.66%, which is a positive tick, but the 3-month trend is softening. Summer 2025 may be a reasonable window before that softening goes further.

Bottom line - Shaughnessy is still one of the best addresses in the country. But knowing your real number, not the city's number, is what separates a smart move from a costly one. Check your HonestDoor Price before you do anything else.

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.