Steveston, Richmond - September 2026 Real Estate Report

Steveston Real Estate Right Now: Steady, But Don't Sleep On Your Numbers

If you live in Steveston and you haven't checked your home's actual market value lately, this is your nudge. The city's assessment is already out of date - and the gap between what the government thinks your place is worth and what a buyer would actually pay is wider than you might expect.

The Vibe: What's Happening With Houses and Condos in Steveston

Let's break it down for us locals. The market here isn't on fire, but it isn't falling apart either. It's taking a breather - and depending on what you own, that means different things.

Houses

If you've been watching the "For Sale" signs around the village, here's what's actually happening with houses right now.

• Average HonestDoor Price: $1,622,156
• Average Assessed Value: $1,596,049
• HonestDoor Price is 1.64% above the city assessment
• Recent price change: -0.52% from the previous period
• Predicted market value: $1,619,051 - down slightly from the 3-month average of $1,623,983
• Average sale price: $1,082,214
• Price per square foot: $745
• Properties sold in 2026: 7 this month, 25 total transactions this year
• Estimated monthly rent: $5,836 - $5,845
• Rental yield: 4.01%
• Airbnb potential: $290 per night - ranked 7th in Richmond
• Neighbourhood growth rank: 4 out of 15 in Richmond - that puts us in above-average territory

Seven house sales in a month is a quiet but stable number for Steveston. Prices are essentially flat, which isn't a bad thing - it means the market isn't correcting hard. The 3-month moving average is nudging down just slightly, so we're not in a sprint, but we're not losing ground in any meaningful way either.

Condos

Here's where things get interesting. Steveston condos are punching above their weight in this city.

• Average HonestDoor Price: $1,003,400
• Average Assessed Value: $753,465
• HonestDoor Price is 33.17% above the city assessment - that is a big gap
• Recent price change: +0.96% from the previous period
• Predicted market value: $993,827 - up from the 3-month average of $990,148
• Average sale price: $583,500
• Price per square foot: $693
• Properties sold in 2026: 4 this month, 16 total transactions this year
• Estimated monthly rent: $4,016 - $4,045
• Rental yield: 3.21%
• Airbnb potential: $201 per night - ranked 2nd in Richmond
• Neighbourhood growth rank: 4 out of 15 in Richmond - above average

Condos here are actually ticking up right now. The 3-month moving average is rising, not falling. And that Airbnb rank of 2nd in all of Richmond? That's Steveston's waterfront charm doing real work. If you own a condo here and you're renting it out - or thinking about it - the numbers back you up.

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

Here's the thing about your BC Assessment notice. It's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, the market has already moved on. For Steveston condo owners, that gap is enormous - we're talking a 33% difference between what the government has on file and what the HonestDoor Price shows as your real-world value today.

For house owners, the gap is smaller but still real - about 1.64% above the assessed value. That might sound modest, but on a $1.6 million home, that's roughly $26,000 sitting in the difference. The HonestDoor Price pulls from current market activity and recent sales data. It updates in real time. Your assessment does not.

Think of the HonestDoor Price as the number a serious buyer would actually put on the table - not the number a government formula calculated from last summer's data.

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

Here's the straight talk for anyone considering a move this summer.

For house sellers - you're in a market that's holding steady. Prices are flat, not dropping. With 6,473 properties assessed in the neighbourhood and only 25 transactions so far in 2026, inventory is tight relative to the overall base. That's not a bad position to list from. You're not competing against a flood of listings. Nearby neighbourhoods like Seafair and Thompson are both priced higher than Steveston houses, which means buyers priced out of those areas may well be looking at us next.

For condo sellers - the momentum is actually on your side right now. Values are creeping up, not down. The 3-month trend is positive. And with Steveston condos ranked 2nd in Richmond for Airbnb potential, you have a strong story to tell buyers who are thinking about income properties. Compared to nearby condos in Seafair and Thompson, Steveston condos are priced higher - but the rental income data supports that premium.

The bottom line: summer 2025 in Steveston is not a panic market and it's not a boom market. It's a window for sellers who are prepared and priced right. Check your HonestDoor Price before you call your agent - walk into that conversation knowing your real number, not last year's government guess.

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.