Steveston, Tsawwassen - August 2026 Real Estate Report

Steveston Real Estate Right Now: Steady, Not Sleepy

If you live in Steveston and you haven't checked your home's value lately, this is your nudge. The market here isn't crashing and it isn't exploding - it's doing that careful, calculated thing that Steveston real estate tends to do. Here's the honest breakdown.

The Vibe: Houses vs. Condos

Let's start with houses, because that's where most of us are sitting. The average sale price is $1,677,750, and it's holding steady. Eight homes sold last month - unchanged from the month before. That kind of consistency tells us buyers are still showing up, just not in a frenzy. The predicted market value sits at $1,623,482, which is actually creeping up past its 3-month average of $1,617,709. Small move, but it's moving in the right direction.

On the neighbourhood leaderboard, Steveston houses rank 6 out of 15 for growth in Richmond - that's above the midpoint, which puts us in solid territory. For price, we rank 4 out of 13, meaning we're above average in Richmond. That's not a bad place to be. If you're renting your place out, the estimated rent of $5,842 per month with a 4.00% rental yield is what the industry calls "moderate" - translation: it pays, but it's not a windfall.

Condos are a different story. The average sale price is $550,600, also holding flat, with 3 sales last month. The price per square foot comes in at $712. The predicted market value of $993,474 is nudging up from a 3-month average of $990,227, and recent growth of 1.05% is actually the more encouraging number here. That said, condos rank 11 out of 15 for growth in Richmond - below average - and 9 out of 13 for price. So if you own a condo in Steveston, you're not leading the pack right now, but you're not falling behind either.

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

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, it's already old news. The market has moved. Rates have shifted. Comparable sales have happened that the assessment never saw.

The HonestDoor Price updates in real time. For Steveston in Tsawwassen, the average HonestDoor Price is $919,775 - and it's already reflecting a 2.86% dip from the previous period. That's the kind of current, ground-level read that your tax assessment simply can't give you. If you're making a financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - you want the number that reflects today, not last summer.

• HonestDoor Price (Steveston, Tsawwassen): $919,775
• Recent change: -2.86%
• Average rental estimate: $3,973 per month
• Airbnb estimate: $197 per night
• Airbnb rank in Tsawwassen: 3rd - strong short-term rental position
• Total transaction rank in Tsawwassen: 1st - most active neighbourhood

That Airbnb rank of 3rd in Tsawwassen is worth a second look. If you have a suite or a secondary space, the short-term rental potential here is real. And being the most transacted neighbourhood in Tsawwassen means there's genuine buyer interest - liquidity matters when you're thinking about selling.

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

If you're a house owner in Steveston and you've been sitting on the fence, the data says: don't wait for a big price surge to make your move. Values are stable, buyer activity is consistent, and you're priced above average for Richmond. That's a decent hand to play.

For condo owners, the 1.05% recent growth is a quiet positive signal. But with a below-average growth rank, this isn't a market where you want to overprice and wait. Come in sharp, and you'll find a buyer.

The biggest mistake anyone can make right now is pricing off an old assessment. Pull your HonestDoor Price, compare it to recent sales on your street, and price from there. Nearby neighbourhoods like Seafair and Thompson are sitting well above $1.9 million - that context matters when buyers are shopping the whole area and comparing their options.

Bottom line: Steveston is a market that rewards people who know their numbers. Now you do.

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.