Steveston, Tsawwassen - October 2026 Real Estate Report
Steveston Real Estate Right Now: Solid Ground, But Watch the Numbers
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, but it isn't sprinting either. Here's the honest breakdown of what's happening on our streets right now.
The Vibe: Houses vs. Condos
Houses in Steveston, Richmond are holding their own. The average sale price sits at $1,900,000, essentially flat from last month. Nine homes sold, which is steady. The HonestDoor predicted market value comes in at $1,610,457 - and that number is worth paying attention to because it's drifting slightly below the 3-month moving average of $1,617,663. Not a alarm bell, but a signal that we're in a "take a breather" moment for house prices.
- Average sale price (houses): $1,900,000
- Price per square foot: $865
- HonestDoor predicted value: $1,610,457
- Estimated monthly rent: $5,813
- Rental yield: 4.02%
- Recent price change: -0.53%
- Growth rank: 3 out of 14 neighbourhoods in Richmond - above average
- Price rank: 2 out of 13 - among the most expensive in Richmond
On the condo side, the story is actually a bit brighter. The average sale price is $885,000 at $822 per square foot. Only one condo sold last month, so take that with a grain of salt on volume. But the HonestDoor predicted value of $1,003,400 is creeping up past the 3-month moving average of $996,900. That's a small but real upward tick - condos here are quietly gaining ground.
- Average sale price (condos): $885,000
- Price per square foot: $822
- HonestDoor predicted value: $1,003,400
- Estimated monthly rent: $4,045
- Rental yield: 3.20%
- Recent price change: +0.96%
- Growth rank: 4 out of 15 neighbourhoods in Richmond - above average
- Price rank: 4 out of 13 - above average in price in Richmond
Bottom line on the vibe: we're sitting in the top tier for price in Richmond, and our growth ranking keeps us comfortably above average. That's a decent position to be in.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing most homeowners don't realize. Your BC Assessment is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it's already six to twelve months out of date. The market doesn't wait for paperwork.
The HonestDoor Price is updated in real time using actual sales data and current market signals. Right now, for houses in Steveston, that number is $1,610,457. For condos, it's $1,003,400. These aren't guesses - they're live calculations based on what buyers are actually paying in our neighbourhood today.
If you're making any decision - refinancing, listing, or just figuring out where you stand - the HonestDoor Price is the real-world check. Your assessment tells you what the government thought your home was worth last summer. The HonestDoor Price tells you what it's worth right now.
The "So What?" - Thinking About Selling This Summer?
If you're a homeowner in Steveston weighing a summer sale, here's the straight talk.
Houses are expensive here by Richmond standards - second most expensive out of 13 comparable neighbourhoods. That's a strong position. But the predicted value is trending slightly down from its 3-month average, and the broader Steveston, Tsawwassen data shows the average HonestDoor Price has dipped 2.86% from the previous period. The market isn't falling off a cliff, but pricing your home sharp matters more right now than it did six months ago.
Condos are a different story. Values are ticking up, and rental demand is real - $4,045 per month in estimated rent is nothing to ignore for a buyer doing the math on an investment purchase. If you own a condo here and have been sitting on the fence, the momentum is quietly in your favour.
For context, nearby Seafair and Thompson are both priced significantly higher - Seafair at an average HonestDoor Price of $1,949,975 and Thompson at $1,942,477. Steveston sits in a competitive range that still attracts serious buyers without hitting the ceiling those neighbourhoods are at.
The play this summer: get your HonestDoor Price, compare it to your assessment, and have an honest conversation about where the market is heading. Don't list based on last year's numbers. List based on today's.
steveston | tsawwassen | october 2026This 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.