Sunset, Vancouver - September 2026 Real Estate Report

Sunset, Vancouver: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been glancing at your latest property assessment and wondering if it tells the whole story, the short answer is: it doesn't. Here's what's actually happening on the ground in Sunset right now.

The Vibe: What's Going On With Houses and Condos in Our Neighbourhood

Sunset is a tale of two property types this year, and the numbers are worth paying attention to whether you own a house or a condo.

Houses in Sunset

Our houses are holding steady. The average sale price sits at $1,562,500, with price per square foot coming in at around $1,048. Only 2 homes sold recently, which is a thin slice of activity - but prices haven't budged much, which signals that sellers aren't panicking and buyers aren't getting deals handed to them either.

• Average sale price: $1,562,500
• Price per square foot: $1,048
• HonestDoor predicted value: $1,935,994
• 3-month moving average: $1,930,751 (values are creeping up)
• Estimated monthly rent: $6,655
• Rental yield: 3.74%
• Recent value change: +0.12%
• Neighbourhood growth rank: 17 out of 23 in Vancouver
• Price rank: 12 out of 22 in Vancouver

That growth rank of 17 out of 23 puts us in the below-average zone on the Vancouver neighbourhood leaderboard right now. We're not leading the pack, but we're not falling off a cliff either. Think of it as the market taking a breather. The predicted value is trending upward against the 3-month average, which is a quiet but real positive signal for house owners here.

Condos in Sunset

Condos are a different story, and we should be honest about it. Values have dipped 1.13% recently, and the predicted value of $1,109,761 is sitting below the 3-month moving average of $1,121,302 - meaning the trend is pointing down, not up, in the short term. Sales activity is light at 2 units sold, and the average sale price is $620,000 at $899 per square foot.

• Average sale price: $620,000
• Price per square foot: $899
• HonestDoor predicted value: $1,109,761
• 3-month moving average: $1,121,302 (values are softening)
• Estimated monthly rent: $4,256
• Rental yield: 3.11%
• Recent value change: -1.13%
• Neighbourhood growth rank: 19 out of 22 in Vancouver
• Price rank: 18 out of 22 in Vancouver

A growth rank of 19 out of 22 puts Sunset condos near the bottom of the Vancouver neighbourhood leaderboard right now. On the flip side, that price rank of 18 out of 22 means we're one of the more affordable condo options in the city - which matters a lot to buyers who are being priced out elsewhere. Our average condo sale price of $620,000 also edges out nearby Victoria Fraserview at $603,000, so we're not the cheapest option in the area, but we're close.

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

Here's the thing about your city assessment - it's a snapshot from the past. It's calculated using data that can be months or even over a year old by the time it lands in your mailbox. The market doesn't wait for paperwork.

The HonestDoor Price is the real-world check. It updates in real time using actual transaction data, current market signals, and what buyers are genuinely paying right now. For houses in Sunset, the average assessed value is $1,957,684 - but the HonestDoor Price comes in at $1,940,419. That's a gap of about $17,000. Not massive, but it matters when you're making a decision about listing, refinancing, or even just understanding your net worth.

For condos, the gap is even more striking. The average assessed value is $758,377, but the HonestDoor Price is $1,097,969 - that's 44.78% higher than what the city has on record. If a condo owner in Sunset is making any financial decision based on that assessed number, they are leaving serious money on the table in terms of understanding what they actually own.

With 6,361 house properties and 816 condo properties assessed across Sunset this year, there are a lot of neighbours who could be looking at the wrong number right now.

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

If you own a house in Sunset and you're thinking about selling this summer, the honest picture is this: the market is quiet but not broken. With only 5 house transactions recorded in 2026 so far, there isn't a flood of competition. Low inventory can work in your favour if you price it right. The HonestDoor Price of $1,940,419 gives you a credible, current anchor for that conversation with your agent - not a number that was calculated before the year even started.

For condo owners, the picture calls for a bit more caution. Values are softening slightly, and the growth rank puts Sunset condos near the back of the pack on the Vancouver leaderboard right now. That doesn't mean don't sell - it means price it sharp and move with intention. Sitting and waiting for a bounce that isn't clearly signalled in the data is a gamble.

A few things worth keeping in mind before you decide:

• House rental potential hits $6,655 per month - strong if you're weighing selling versus holding as an investment
• Condo rental at $4,256 per month with a 3.11% yield is moderate - not a reason to hold if your personal situation says sell
• Nearby Oakridge has house prices averaging $3,464,548 - Sunset is still a relative value play for buyers coming from pricier pockets of the city
• Victoria Fraserview condos are slightly cheaper at $1,013,676 HonestDoor Price vs. our $1,097,969 - worth knowing if you're competing for the same buyer pool

Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it gives you the number that actually reflects today's market - not last year's 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.