Southgate, Kamloops - July 2026 Real Estate Report

Southgate, Kamloops: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own property in Southgate, you are sitting in one of the priciest and most closely watched pockets in Kamloops. The average HonestDoor Price for a house here is $1,682,979 - up 2.03% from the last period. That is not a small number, and it is moving in the right direction. On the condo side, the average HonestDoor Price is $1,799,713. Values have shifted slightly, down 0.31% recently, but the 3-month trend is climbing - the predicted market value sits at $1,805,235, up from a 3-month moving average of $1,751,621. So the short-term blip is just noise. The bigger picture still points up.

Houses vs. Condos - Here Is the Breakdown

For houses, we are looking strong. The predicted market value is $1,649,563, up from the 3-month moving average of $1,612,938. That upward momentum matters. Rental income potential sits at roughly $5,806 per month with a rental yield of 4.58%. If you have been thinking about renting your place out, that is a real number worth running. On the Airbnb front, houses here rank number 1 in all of Kamloops for short-term rental potential, with an estimated $288 per month in Airbnb income. Houses in Southgate also rank 4th out of 27 neighbourhoods in Kamloops for growth rate. That puts us firmly in the top tier of the city.

For condos, the story has a few more moving parts. Sales activity is light - only 1 condo sold recently, down 50% from the month before. The average sale price came in at $323,900, down 15.8% from last month, and properties are selling at about 96.72% of list price. Buyers are negotiating. Days on market average 26, which is a bit slower than nearby West End at 21 days. That said, the longer-term HonestDoor Price trend for condos is still climbing, and Southgate condos rank 3rd out of 27 Kamloops neighbourhoods in growth rate. The short-term condo market is taking a breather, but the fundamentals have not fallen apart.

• House HonestDoor Price: $1,682,979 (up 2.03%)
• House predicted market value: $1,649,563
• House rental estimate: $5,806 per month
• House rental yield: 4.58%
• House Airbnb rank in Kamloops: 1st
• House growth rank: 4th out of 27 neighbourhoods
• Condo HonestDoor Price: $1,799,713
• Condo predicted market value: $1,805,235
• Condo rental estimate: $5,964 per month
• Condo average sale price: $323,900
• Condo days on market: 26
• Condo growth rank: 3rd out of 27 neighbourhoods

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

Here is something most Southgate homeowners do not realize. The city's assessed value for condos here averages $416,820. The average HonestDoor Price for those same condos is $1,799,713. That is a gap of 331.77%. Your tax assessment is not telling you what your home is worth in today's market - it is telling you what a government formula calculated months or years ago. The HonestDoor Price updates in real time using actual sales data, market trends, and comparable properties. It is the real-world check on a number that was already out of date the moment it was printed. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the one to look at first.

The So What - Should You Sell This Summer?

For house owners, the case for selling this summer is solid. Values are up, rental demand is strong, and Southgate ranks in the top 15% of all Kamloops neighbourhoods for growth. Buyers looking at this price point are serious, and inventory in this range is not overwhelming the market. You have leverage.

For condo owners, be realistic about timing. The recent data shows softer sales, longer days on market, and buyers getting discounts off list price. That does not mean you cannot sell - it means you need to price it right from day one. Overpricing a condo in this market right now is the fastest way to sit on it for two months and end up taking less anyway. Come in sharp, and you can still move it. The growth rank of 3rd out of 27 tells us this neighbourhood has real demand behind it - the short-term softness is not a reason to panic, it is a reason to be strategic.

Bottom line - Southgate is one of the stronger addresses in Kamloops. Check your HonestDoor Price today, compare it to what the city assessed you at, and you will quickly see why waiting for the next tax notice is not a plan.

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.