Southwest, Prince George - July 2026 Real Estate Report

Southwest, Prince George: Your Home Is Worth More Than the City Thinks - Here's the Real Number

If you own a place in Southwest and you've been glancing at your latest tax assessment, here's something worth knowing: the city's number and the actual market number are not the same thing. Right now, the average assessed value in Southwest sits at $536,714 - but the average HonestDoor Price tells a different story at $507,125. That gap matters when you're making real decisions about real money.

The Vibe: What's Actually Happening With Houses and Condos

Let's break it down by property type, because houses and condos are moving in different directions right now.

Houses

The house market in Southwest is holding its ground. The average sale price is sitting at $650,000, essentially unchanged from last month, with price per square foot around $306. Only 1 house sold last month, so we're not dealing with a flood of inventory - this is a tight, selective market.

Here's the number that should get your attention: the predicted market value for houses is $515,136, and it's trending up from the 3-month moving average of $507,458. That's a 1.51% recent change in value, and it puts Southwest houses at rank 2 out of 31 neighbourhoods in Prince George for growth. That's a leaderboard stat worth talking about. We're not just keeping pace - we're near the top of the city.

• Average sale price: $650,000
• Price per square foot: $306
• Predicted market value: $515,136
• 3-month moving average: $507,458
• Recent value change: 1.51%
• Growth rank: 2 out of 31 in Prince George
• Price rank: 1 out of 6 (among the most expensive in Prince George)
• Estimated monthly rent: $2,498
• Rental yield: 5.58% - strong returns
• Airbnb income potential: approximately $124 per month

A 5.58% rental yield is not something you see everywhere. For anyone holding a house in Southwest as an investment, or thinking about renting before selling, that number signals this neighbourhood pulls its weight.

Condos

Condos in Southwest are actually picking up steam. The average HonestDoor Price for condos is $408,731 - up 2.39% from the previous period. The predicted market value is $399,183, climbing from a 3-month moving average of $385,936. That's a 3.17% recent change, ranking Southwest condos 3 out of 30 neighbourhoods in Prince George for growth. Again, near the top of the city.

• Average HonestDoor Price: $408,731 (up 2.39%)
• Predicted market value: $399,183
• 3-month moving average: $385,936
• Recent value change: 3.17%
• Growth rank: 3 out of 30 in Prince George
• Estimated monthly rent: $2,087
• Rental yield: 4.03% - moderate but solid
• Airbnb income potential: approximately $104 per month

Compared to nearby College Heights, where condo values sit at $398,801, Southwest condos are ahead. Danson Industrial Park comes in higher at $437,050, but Southwest is closing that gap with stronger recent momentum.

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

Here's the honest truth about assessed values: they're calculated once a year using data that's already months old by the time it lands in your mailbox. The city's average assessment for Southwest houses is $536,714. The HonestDoor Price is $507,125. That's a 5.51% difference - and it's not a small one when you're deciding whether to sell, refinance, or even just figure out if your insurance coverage makes sense.

The HonestDoor Price updates in real time. It pulls from actual market activity, not a government snapshot from six months ago. If the market shifts - and right now, house values in Southwest are trending upward while the broader assessed value lags - you want the number that reflects today, not last year. Think of the HonestDoor Price as your real-world check. The assessment is what the city uses for tax purposes. The HonestDoor Price is what a buyer would actually pay.

With 1,518 properties assessed in Southwest this year, there's enough data here to trust the signal. This isn't a thin sample - it's a real read on the neighbourhood.

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

If you've been sitting on the fence about listing this summer, here's what the numbers are telling us right now.

For house owners: you're in one of the most expensive pockets in Prince George (price rank 1 out of 6) and one of the fastest-growing (growth rank 2 out of 31). That combination does not come around all the time. The predicted value is trending up, and with only 1 house selling last month, competition among sellers is low. Low supply plus strong positioning usually means more leverage for you at the negotiating table.

For condo owners: values are moving in the right direction - up 2.39% recently, with a predicted value climbing above the 3-month average. If you've been waiting for momentum, you're seeing it now. Ranking 3rd in condo growth across 30 Prince George neighbourhoods is a real selling point, not just a stat.

The one thing to keep in mind for both property types: the overall neighbourhood growth rate is modest at 0.02% year over year. This market is not running hot - it's steady and selective. That means pricing your home accurately from day one matters more than ever. Overpricing based on the city's assessed value could leave you sitting on the market longer than you want. Use the HonestDoor Price as your starting point, not the tax notice.

Bottom line - Southwest is punching above its weight in Prince George right now. If you're thinking about making a move, this summer is worth a serious look.

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.