Smith, Maple Ridge - August 2026 Real Estate Report

Smith, Maple Ridge: Your Home Is Worth Less Than the City Thinks - Here's the Real Number

If you've been glancing at your latest property assessment and feeling pretty good about it, hold on. The actual market in Smith is telling a different story right now, and it's one every homeowner on the block should hear before making any moves.

The Vibe: What's Actually Happening in Our Neighbourhood

Let's be straight with each other. Smith is a solid neighbourhood - 353 properties assessed, good rental income potential, and real demand from people who want to be here. But the market is taking a breather, and the numbers back that up.

On the neighbourhood leaderboard for growth across Maple Ridge, Smith ranks 17 out of 24 for houses. That puts us in below-average territory right now. It's not a crisis, but it's not a seller's paradise either. Price rank sits at 12 out of 19, so we're mid-pack on value compared to the rest of Maple Ridge.

Houses: The Honest Picture

• Average sale price: $1,190,000
• Price per square foot: $1,089
• HonestDoor predicted value: $1,130,094
• 3-month moving average: $1,149,194 - and our predicted value is trending below that
• Recent value change: -2.19%
• Estimated rent: $4,577 per month
• Rental yield: 4.47%
• Properties sold recently: 1

One sale. That's a thin market. When volume is that low, a single transaction can skew your sense of what things are really worth. The HonestDoor Price of $1,130,094 is the more reliable read right now - it's pulling from a broader, more current data set than one transaction can give you.

The rental story is actually decent. At $4,577 a month with a 4.47% yield, houses in Smith hold their own as income properties. That's a real number worth knowing if you're weighing your options.

Condos: A Brighter Spot

• Average HonestDoor Price: $560,575
• Recent value change: -1.05%
• Predicted market value: $572,150
• 3-month moving average: $571,725 - and we're trending slightly above it
• Estimated rent: $2,790 per month
• Rental yield: 3.69%
• Airbnb potential: $136 per night
• Growth rank: 6 out of 18 in Maple Ridge - above average

Condos in Smith are actually holding up better than houses right now. A growth rank of 6 out of 18 puts us in the top third of Maple Ridge for condo performance. The predicted value of $572,150 is nudging above the 3-month average, which is a small but encouraging sign. We're also priced higher than nearby East Maple Ridge condos ($458,633) and Websters Corners ($504,685), which tells you buyers see something worth paying for here.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here's the thing about your city assessment. It's a snapshot from the past. It doesn't know what happened in the market last month, last quarter, or even last year in real time. The average assessed value in Smith sits at $1,162,438 for houses. But the HonestDoor Price is $1,125,720 - that's 3.16% lower, and it's updated to reflect what buyers are actually doing right now.

That gap is not small. On a $1.1 million home, a 3.16% difference is roughly $35,000. If you're making decisions - whether to sell, refinance, or just understand what you actually own - you want the number that reflects today's market, not last year's optimism.

The HonestDoor Price has dipped 0.39% from the previous period. It's a gentle slide, not a crash. But it's moving in a direction that makes checking your real-world number more important, not less.

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

If selling is on your mind, here's the honest take. Smith is not a hot market right now. One house sold recently. Growth ranks below average. Values are drifting down, not up. That doesn't mean you can't sell - it means you need to price it right from day one.

Overpricing based on your assessed value is the fastest way to sit on the market through the summer and end up cutting the price anyway. Your HonestDoor Price gives you the realistic starting point that gets buyers through the door.

A few things worth keeping in mind before you list:

• The market is quiet - only 2 transactions recorded in Smith in 2026 so far
• Nearby Albion is slightly more expensive and growing faster, which means buyers have options close by
• Your rental income potential ($4,566 per month average) is a real selling point for investor buyers - lead with it
• Airbnb ranks 20th in Maple Ridge, so short-term rental income is not your strongest pitch here
• Condos are outperforming houses on the growth leaderboard right now - if you own a condo, your timing window looks a bit better

Bottom line - Smith is a neighbourhood where knowing your real number matters more than ever. Pull your HonestDoor Price, compare it to your assessment, and make your summer decision based on what the market is actually doing. Not what the city said it was doing a year ago.

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.