If you have been watching the "For Sale" signs in Tbd1 lately, here is the honest picture. Both houses and condos are pulling back from their recent highs, and the numbers are worth paying attention to before you make any big decisions this summer.
The HonestDoor Price for a house in Tbd1 sits at $1,358,612. That sounds like a lot - and it is - but it is a real drop from the 3-month moving average of $1,437,698. We are talking about roughly $79,000 in predicted value that has come off the table in a short window. The recent change clocks in at -4.49%.
On the neighbourhood leaderboard, houses in Tbd1 rank 15 out of 16 for growth across Port Moody. That puts us near the bottom of the pack right now. Not a great spot to be sitting if you are hoping the market does the heavy lifting for you.
Condos are in a similar spot. The HonestDoor Price comes in at $748,750, down from a 3-month moving average of $766,850. The recent price change is -6.37% - that is actually a steeper slide than what we are seeing on the house side.
On the condo leaderboard, Tbd1 ranks 15 out of 15 in Port Moody for growth. Dead last. That is a number worth knowing, not ignoring. The one bright spot - Tbd1 condos still price above nearby Harbour Heights at $643,036, so we are not at the bottom of the value stack in the area.
Here is the thing about your BC Assessment notice. It reflects a snapshot from July 1st of the previous year. It does not know what happened to prices last month. It definitely does not know about the -4.49% shift on houses or the -6.37% drop on condos that we are seeing right now in Tbd1.
The HonestDoor Price is updated in real time using actual market signals. Think of it as the real-world check against a government number that is already months out of date by the time it lands in your mailbox. If you are making any financial decision - refinancing, listing, or just figuring out where you stand - the HonestDoor Price is the number to start with, not the assessment.
In a market that is actively moving down, the gap between your old assessment and your current HonestDoor Price could be significant. Knowing that gap is the difference between pricing your home right and sitting on the market wondering why nobody is calling.
Straight talk - this market is taking a breather. Values are down, growth ranks are near the bottom of Port Moody, and the 3-month trend is pointing in the wrong direction for sellers. That does not mean you should panic, but it does mean you need a clear-eyed strategy.
If you are thinking about selling a house this summer, pricing at or just under the current HonestDoor Price of $1,358,612 gives you the best shot at attracting serious buyers. Chasing the old 3-month average of $1,437,698 is likely to leave you sitting. Buyers are doing their homework.
For condo owners, the -6.37% recent drop is the sharper story. If you need to sell, move with urgency and price to the current market. If you can hold, the rental yield of 3.38% and an estimated $3,272 per month in rent gives you a reasonable reason to wait and see how the fall market shapes up.
Either way, the first step is knowing your real number. Check your HonestDoor Price today - not your assessment, not a neighbour's guess. The actual, current number.
tbd1 | port moody | july 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.