Smith, Maple Ridge - July 2026 Real Estate Report

Smith, Maple Ridge: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Smith and you have not looked at your actual market value lately, now is the time. The city's assessment says one thing. The real world is saying something a little different - and the gap matters if you are thinking about making a move.

The Vibe: What Is Actually Happening in Smith 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 in Smith - Taking a Breather

If you have been watching the "For Sale" signs on the street, here is what is actually happening. The house market in Smith is quiet. One property sold, the average sale price sits at $1,190,000, and price per square foot is around $1,089. That sounds solid on paper, but the trend lines are worth paying attention to.

• Average Sale Price: $1,190,000
• Price Per Square Foot: $1,089
• HonestDoor Price (Predicted Market Value): $1,155,422
• 3-Month Moving Average: $1,164,589 - and the current value is dipping below it
• Recent Price Change: -0.57%
• Estimated Monthly Rent: $4,646
• Rental Yield: 4.43%
• Neighbourhood Growth Rank: 13 out of 24 in Maple Ridge - below average on the leaderboard
• Price Rank: 10 out of 18 in Maple Ridge - also below average

The honest read here? We are in the middle of the pack. Not falling off a cliff, but not leading the charge either. The predicted value of $1,155,422 is already running below the 3-month average, which tells us the softening is not just a blip. Neighbourhood growth is down 0.03% year over year. It is a slow drift, not a crash - but it is a drift.

For context, our neighbours in East Maple Ridge are sitting at an average HonestDoor Price of $2,025,241 and Websters Corners is at $1,706,785. Both are higher priced than us and growing slower. Albion, at $1,227,409, is slightly above us and actually growing a touch faster. So we are not the worst performer on the block, but we are not the star either.

Condos in Smith - The Surprise Story

Here is where it gets interesting. While houses are cooling, condos in Smith are actually one of the stronger performers in Maple Ridge right now.

• HonestDoor Price (Predicted Market Value): $578,200
• 3-Month Moving Average: $587,425 - values are easing slightly
• Recent Price Change: +2.37%
• Estimated Monthly Rent: $2,818
• Rental Yield: 3.67%
• Airbnb Estimate: $139 per night
• Growth Rank: 3 out of 18 in Maple Ridge - top performers on the leaderboard

A growth rank of 3 out of 18 is genuinely good news. Our condos are outpacing most of Maple Ridge right now. And compared to nearby neighbourhoods, Smith condos are priced higher than East Maple Ridge ($471,933) and Websters Corners ($504,658), which suggests buyers see real value here. If you own a condo in Smith, you are sitting in a stronger position than most people realize.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment. It is a snapshot from the past. It does not update in real time, it does not account for what buyers are actually paying right now, and it definitely does not reflect the -0.57% shift we have seen in house values recently.

The HonestDoor Price is the real-world check. For houses in Smith, the average HonestDoor Price is $1,130,094 - that is 2.78% lower than the average assessed value of $1,162,438. That gap is $32,344. If you are pricing a home based on your assessment, you could be starting the conversation in the wrong place entirely.

The assessment is what the government thinks your home was worth at a fixed point in time. The HonestDoor Price is what the market thinks your home is worth right now. In a market that has shifted -2.19% from the previous period, that difference is not a footnote - it is the whole story.

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

If you are a house owner in Smith and you are considering listing this summer, here is the straight talk. You are not in a panic situation, but you are not in a seller's dream market either. With only 2 transactions recorded in 2026 across 353 assessed properties, this is a low-volume neighbourhood. Low volume means fewer buyers competing for your home, which means pricing it right from day one is critical.

Listing at or above the assessed value of $1,162,438 when the HonestDoor Price is pointing to $1,130,094 - $1,155,422 is a risk. Overpriced homes in quiet markets sit. And sitting homes get stigmatized. Price it sharp, price it based on what is actually happening, and you have a much better shot at a clean sale.

If you own a condo in Smith, your timing is actually better. A top-3 growth rank in Maple Ridge gives you a real talking point with buyers. Rental yield of 3.67% and an Airbnb rate of $139 per night make this an attractive investment property story too - and investors do the math before they make offers.

Bottom line: check your HonestDoor Price before you do anything else. It is free, it is current, and it will tell you more about your next move than any piece of mail from city hall ever will.

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.