Sunset, Vancouver - August 2026 Real Estate Report

Sunset, Vancouver: Your Home Is Probably Worth Less Than the City Thinks

If you have been glancing at your latest property assessment and feeling pretty good about yourself, hold on a second. The real-world numbers for Sunset are telling a slightly different story - and depending on whether you own a house or a condo, that gap could mean a lot when it comes time to price your place.

The Vibe: Houses vs. Condos in Sunset Right Now

Houses

We are in steady-as-she-goes territory for houses. The average sale price sits at $1,562,500, coming in at roughly $1,048 per square foot. Only 2 homes sold recently, which is a thin slice of data, but the number is holding firm from last month.

The bigger picture: the HonestDoor predicted market value for houses is $1,933,737. That is actually dipping slightly below the 3-month moving average of $1,939,034 - a signal that prices are easing off, not surging. Property values have shifted 0.58% recently, and on the neighbourhood leaderboard, Sunset houses rank 4 out of 23 in Vancouver for growth. That is a top-tier spot. We are not leading the pack, but we are running near the front.

• Average sale price: $1,562,500
• Price per square foot: $1,048
• HonestDoor predicted value: $1,933,737
• 3-month moving average: $1,939,034
• Estimated monthly rent: $6,651
• Rental yield: 3.74%
• Growth rank: 4 out of 23 in Vancouver
• Price rank: 14 out of 22 in Vancouver

For context, our neighbours in Oakridge are sitting at much higher prices but growing at the same slow pace. Victoria Fraserview is close in price and growth. We are in a solid middle ground - not the cheapest, not the flashiest, but genuinely competitive.

Condos

Condos are a different conversation. The average sale price is $620,000 at $899 per square foot - actually a touch above what condos are fetching in Victoria Fraserview right now ($603,000). That is a small win for us.

But the growth picture is softer. Condo values have slipped 0.82% recently, and on the neighbourhood leaderboard, Sunset condos rank 14 out of 22 in Vancouver for growth - below average. Price rank is 19 out of 22, which puts us among the more affordable condo options in the city. If you are a buyer, that is interesting. If you are a seller, it means you need to price sharp.

• Average sale price: $620,000
• Price per square foot: $899
• HonestDoor predicted value: $1,122,442
• 3-month moving average: $1,124,738
• Estimated monthly rent: $4,287
• Rental yield: 3.12%
• Growth rank: 14 out of 22 in Vancouver
• Price rank: 19 out of 22 in Vancouver

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

Here is the thing about your city assessment - it is a snapshot from months ago, built on data that was already old when they mailed it to you. It does not know what happened on your block last week. It does not adjust for the fact that the market has been taking a breather.

For houses in Sunset, the average assessed value is $1,957,684. The average HonestDoor Price is $1,935,994. That is a gap of about $21,690 - and the HonestDoor Price is the one that reflects what buyers are actually doing right now. It has nudged up 0.12% from the previous period, which tells us the floor is holding.

For condos, the contrast is even sharper. The average assessed value is $758,377, but the HonestDoor Price is $1,109,761 - a full 46.33% higher. That is not a typo. The city's number is dramatically behind the real-world market. If you are a condo owner in Sunset and you are basing any financial decision on your assessment, you are working with the wrong number.

The HonestDoor Price is updated in real time. It is the check-in you do before you list, refinance, or even just figure out where you stand. Think of it as your home's current market pulse - not a reading from last year.

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

If you own a house in Sunset and you are thinking about listing this summer, the timing is not bad. Growth ranks 4 out of 23 in Vancouver - that is a story you can tell buyers. The market is not on fire, but it is not soft either. With only 5 transactions recorded in 2026 so far and 6,361 properties assessed in the neighbourhood, inventory is tight. Less competition on the seller side can work in your favour if you price it right from day one.

If you own a condo, be honest with yourself about the current momentum. Values are down 0.82% recently and the growth rank is sitting below average. That does not mean you cannot sell - it means you need a sharp price and a clear pitch. The rental story is decent at $4,287 per month estimated, and a 3.12% yield is still a reasonable argument for investor buyers. Lead with that.

Either way, the first thing to do before you call an agent is check your HonestDoor Price. Not your assessment. Not what your neighbour thinks their place is worth. The real-time number - because that is what the market is actually paying attention to right now.

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.