Sunset, Vancouver - July 2026 Real Estate Report

Sunset, Vancouver: Your Home Is Worth More Than the City Thinks - But the Window Is Narrow

If you live in Sunset and you have not checked your HonestDoor Price lately, now is the time. The city's assessment is running about 1.22% above what the real-world market is showing for houses right now. That gap matters when you are making a decision worth nearly two million dollars.

The Vibe: What Is Actually Happening on Our Streets

Let's break it down by property type, because houses and condos are telling two different stories in Sunset right now.

Houses: Taking a Breather

Our houses are sitting at an average HonestDoor Price of $1,933,737. That sounds strong, but the trend line is pointing down. The predicted market value of $1,922,522 is sliding below the 3-month moving average of $1,948,503, and recent values have dipped 1.95%. Only 2 houses sold last month, with an average sale price of $1,395,000 and a price per square foot of around $934.

• Average HonestDoor Price: $1,933,737 (up 0.58% from last period)
• Average assessed value: $1,957,684
• Predicted market value: $1,922,522
• 3-month moving average: $1,948,503
• Recent value change: -1.95%
• Average sale price: $1,395,000
• Price per square foot: $934
• Estimated monthly rent: $6,620
• Rental yield: 3.74%
• Airbnb potential: $329 per night
• Neighbourhood growth: -0.04% year over year
• Growth rank: 23 out of 23 in Vancouver

That growth rank is the number we need to talk about. Dead last on the neighbourhood leaderboard for house price growth in Vancouver. That does not mean Sunset is a bad place to own - it means the market is cooling here faster than almost anywhere else in the city right now. If you are a seller, that is a signal worth taking seriously before summer turns to fall.

Condos: A Brighter Spot, But Not Without Caveats

Our condo picture is more interesting. The HonestDoor Price for condos sits at $1,122,442 - and here is the wild part - that is 48% higher than the city's average assessed value of $758,377. The city is dramatically undervaluing Sunset condos on paper. The predicted market value of $1,131,703 is actually creeping up past the 3-month moving average of $1,129,098, which is a small but real positive sign.

• Average HonestDoor Price: $1,122,442 (down 0.82% from last period)
• Average assessed value: $758,377
• Predicted market value: $1,131,703
• 3-month moving average: $1,129,098
• Recent value change: +1.04%
• Average sale price: $575,500
• Price per square foot: $1,022
• Estimated monthly rent: $4,318
• Rental yield: 3.10%
• Airbnb potential: $213 per night
• Neighbourhood growth: -0.08% year over year
• Growth rank: 18 out of 22 in Vancouver
• Price rank: 10 out of 22 - above average in Vancouver

Condos rank 18 out of 22 on the neighbourhood growth leaderboard. Not great, but not last. And sitting above average on price rank means we are holding value better than most. Worth noting: Sunset condo sale prices are running slightly below nearby Victoria Fraserview at $603,000, so there is some catching up to do on actual transaction prices.

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

Here is the thing about your city assessment - it is a snapshot from the past. It gets updated once a year and it does not know what happened on your street last Tuesday. The HonestDoor Price pulls from real-time market data and recalculates constantly. For Sunset condo owners, that difference is enormous right now - we are talking about a $364,000 gap between what the city says your place is worth and what the market actually reflects. For house owners, the city is actually running a little high compared to current market signals, which is the opposite problem.

If you are using your assessment to make any financial decision - refinancing, listing, even just knowing your net worth - you are working with stale numbers. Check your HonestDoor Price at HonestDoor.com. It is the real-world check your assessment cannot give you.

The So What: Thinking About Selling This Summer?

Here is the straight talk for Sunset homeowners eyeing a summer sale.

For house sellers: the market is not moving in your favour right now. Values are down 1.95% recently, you are at the bottom of the Vancouver growth leaderboard, and the gap between assessed value and real market value is narrowing in the wrong direction. That does not mean do not sell - it means price it right from day one. Overpricing a house in a cooling market is the fastest way to sit on it through the summer and into fall. Use the HonestDoor Price as your anchor, not the assessment.

For condo sellers: you have a slightly better hand to play. Values ticked up 1.04% recently and the predicted value is above the moving average - a small green light. The city's assessment is so far below market reality that buyers doing their homework will see the value. Your competition in nearby Victoria Fraserview is priced a little higher on sales, so there is room to position Sunset condos as the sharper buy in the area.

Either way, with only a handful of transactions happening in Sunset so far in 2026, every listing matters and every pricing decision counts. This is not a market where you can afford to 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.