Silverdale, Mission - October 2026 Real Estate Report
Silverdale, Mission: Your Home Is Worth More Than the City Thinks
The Headline
If your neighbour just got their assessment in the mail and thought "that seems low," they are probably right. The average assessed value in Silverdale sits at $1,384,197 - but the average HonestDoor Price tells a different story at $1,478,098. That is a gap of nearly $94,000 that the city is not accounting for. For most of us, that difference is a kitchen renovation, a down payment on a cabin, or a very comfortable retirement top-up.
The Vibe - What Is Actually Happening on the Ground
Silverdale is a houses-only story right now, so let us talk about what we are seeing. The average sale price for houses is sitting at $910,000, with price per square foot around $516. Only 2 properties sold recently, which is a thin slice of activity - but that kind of low volume does not mean the neighbourhood is struggling. It means inventory is tight and sellers are not exactly giving homes away.
The predicted market value for houses lands at $1,478,911. That number is dipping slightly against the 3-month moving average of $1,493,684, and values have shifted by -1.49% recently. The market is taking a breather - not falling off a cliff. With 447 properties assessed this year and only 7 total transactions recorded in 2026, most Silverdale homeowners are sitting tight. Smart move, honestly.
- Average HonestDoor Price: $1,478,098
- Average Assessed Value: $1,384,197
- HonestDoor Price is 6.78% above the city assessment
- Average sale price (Houses): $910,000
- Price per square foot: $516
- Properties transacted in 2026: 7
- Properties assessed this year: 447
The Neighbourhood Leaderboard
Here is where Silverdale lands among its peers in Mission. Growth rate ranks 6 out of 12 comparable neighbourhoods - that puts us in the above-average half of the pack, which is a solid position when the broader market is cooling. On price, we rank 7 out of 10, which means Silverdale is not the priciest option in Mission - there is still room for buyers to get in before values climb further.
Compared to nearby neighbourhoods, the picture gets interesting fast:
- Keystone - HonestDoor Price $1,724,236, Rental $6,047 - more expensive than Silverdale
- Cedar Valley - HonestDoor Price $1,196,649, Rental $4,678, Growth -0.01% - cheaper and showing slightly faster movement
- Fraser Corridor - HonestDoor Price $1,133,145, Rental $4,506 - the most affordable of the group
Silverdale sits comfortably in the middle - not the budget pick, not the premium stretch. For buyers priced out of Keystone, we are the logical next look.
The Secret Sauce - Why Your HonestDoor Price Matters Right Now
Your city assessment is a snapshot frozen in time. It is calculated on data that can be months or even over a year old by the time it lands in your mailbox. The HonestDoor Price updates in real time using actual market signals - recent sales, current demand, and what comparable homes are actually fetching today.
In Silverdale, that gap is not trivial. The HonestDoor Price runs 6.78% higher than the average assessed value. If you are using your assessment to make decisions about refinancing, listing, or even just understanding your net worth, you could be working with a number that undersells you by nearly $94,000. That is not a rounding error - that is real money.
Silverdale also ranks 3rd in Mission for Airbnb income potential, with an estimated $265 per month in short-term rental income and a long-term rental estimate of $5,348 per month. A rental yield of 4.40% puts this in moderate-return territory - not a cash cow, but a steady earner for anyone thinking about holding the property as an investment.
The So What - Should You Sell This Summer?
Here is the honest take. Values have dipped -1.49% recently and the 3-month trend is softening. Neighbourhood growth is down 0.02% year over year. This is not panic territory - it is a signal that the window of peak pricing may be narrowing, not slamming shut.
If you have been thinking about listing, waiting for the "perfect moment" carries its own risk. With only 2 houses sold recently and just 7 transactions in Silverdale so far in 2026, there is not a flood of competition. Low supply means your home gets more attention when it hits the market. That is a real advantage.
The move right now is simple - check your HonestDoor Price before you do anything else. Do not walk into a listing conversation armed with a government assessment that could be leaving $94,000 on the table. Know your real number first, then decide.
- Rental estimate: $5,348 per month
- Rental yield: 4.40%
- Airbnb rank in Mission: 3rd
- Airbnb income estimate: $265 per month
- Recent value change: -1.49%
- Growth rank: 6 out of 12 in Mission
- Price rank: 7 out of 10 in Mission
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.