Smith, Maple Ridge - September 2026 Real Estate Report

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

If you've been glancing at your latest property assessment and wondering if it actually reflects what your home would sell for today, you're asking the right question. Smith is a steady neighbourhood in a market that's taking a breather, and the numbers tell an interesting story for anyone thinking about their next move.

The Vibe: What's Actually Happening in Smith Right Now

Let's break it down by property type, because houses and condos are telling two different stories here.

Houses in Smith

The house market in Smith is holding its ground. The average sale price sits at $1,190,000, and price per square foot is running around $1,089. That's not a market in freefall - that's a market catching its breath.

• Average HonestDoor Price: $1,142,755
• Recent price change: -0.39%
• 3-month moving average: $1,137,079
• Average sale price: $1,190,000
• Price per square foot: $1,089
• Estimated monthly rent: $4,566
• Rental yield: 4.48%
• Neighbourhood leaderboard - Growth rank: 11 out of 23 in Maple Ridge (above average)
• Neighbourhood leaderboard - Price rank: 12 out of 19 in Maple Ridge

We're sitting in the upper half of Maple Ridge for growth, which matters. Neighbours in East Maple Ridge and Websters Corners are priced significantly higher - think $1.7M to $2M territory - but their growth is actually slower than ours. That's worth noting if you're comparing where your money works hardest.

Albion is the closest comparison to Smith on price at $1,229,018, and it's growing slightly faster. That gap is small enough that Smith homeowners shouldn't feel left behind - we're in the same conversation.

Condos in Smith

Condos are a different picture. Values have dipped recently, and it's worth being clear-eyed about that.

• Average HonestDoor Price: $556,950
• Recent price change: -2.02%
• 3-month moving average: $570,308
• Predicted market value: $560,575
• Estimated monthly rent: $2,750
• Rental yield: 3.71%
• Airbnb estimate: $138 per night
• Neighbourhood leaderboard - Growth rank: 9 out of 18 in Maple Ridge (above average)

The -2.02% recent shift is the number to watch. Values are sliding from that 3-month average, which means if you're a condo owner thinking about selling, sooner is likely better than later. On the flip side, Smith condos are priced well above nearby East Maple Ridge ($451,000) and Websters Corners ($478,465), which tells us buyers are still choosing Smith for a reason.

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

Here's the thing about your city assessment. It's a snapshot from months ago, calculated using broad formulas across thousands of properties. It doesn't know your renovated kitchen. It doesn't know what sold on your street last month. It's a starting point, not a final answer.

For houses in Smith, the average assessed value is $1,162,438. The HonestDoor Price comes in at $1,142,755 - about 1.69% lower. That gap matters. If you're using your assessment to decide whether to sell, refinance, or even just feel good about your net worth, you could be working from a number that doesn't match today's market reality.

The HonestDoor Price updates in real time. It pulls in actual transaction data - and there were 2 property transactions recorded in Smith in 2026 across 353 assessed properties. That's a thin sales volume, which means every comparable sale carries serious weight in the calculation. A real-time estimate accounts for that. A government assessment does not.

Think of the HonestDoor Price as the number your real estate agent would whisper to you before you listed - not the number the city mailed you in January.

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

If you own a house in Smith and you're thinking about selling this summer, the conditions are reasonable but not electric. Here's the honest read:

• Your home is likely worth close to $1,142,755 in today's market - not the assessed $1,162,438
• Growth is up 1.51% from the previous period, so momentum is positive, just modest
• Sales volume is low - 2 transactions in 2026 - which means your listing won't get lost in a crowd, but you also won't have a bidding war handed to you
• At $4,611 estimated monthly rent, holding as a rental is a real option if selling doesn't feel urgent
• Airbnb potential sits at $229 per night, ranking 20th in Maple Ridge - decent, not dominant

If you own a condo in Smith, the calculus shifts. That -2.02% recent price movement and a declining 3-month trend means waiting could cost you. The rental yield of 3.71% is moderate - it covers costs but doesn't make holding a slam dunk. If you've been on the fence, this summer is a better window than next spring might be.

Bottom line: Smith is a stable, mid-range neighbourhood in Maple Ridge that's holding value better than its growth rate suggests. Check your HonestDoor Price before you make any decisions. The city's number and the real-world number are not the same thing right now - and knowing the difference could be worth tens of thousands of dollars.

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.