Tbd5, Vernon - August 2026 Real Estate Report

Tbd5, Vernon: Your Home Is Worth More Than the City Thinks

If you own a home in Tbd5 and you have not checked your HonestDoor Price lately, here is the short version: the city says your house is worth one thing, the real market says something noticeably higher. That gap matters, especially if you are thinking about making a move this summer.

The Vibe: What Is Actually Happening in Our Neighbourhood

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

Houses in Tbd5 - Still Holding Strong

If you have been watching the "For Sale" signs around here, the house market is holding its ground. Prices are up, demand is real, and sellers are getting close to every dollar they ask for.

• Average sale price: $1,298,800 - up 1.1% from last month
• Average listing price: $1,299,000
• Homes selling at 99.98% of list price - buyers are not getting big discounts here
• Average days on market: 27 days
• Price per square foot: $318
• Predicted market value: $1,032,551
• Rental yield: 4.64% - solid, moderate returns for investors
• Estimated monthly rent: $4,275
• Days-on-market rank: 2 out of 9 in Vernon - these homes move faster than most
• Price rank: 2 out of 9 in Vernon - we are near the top of the price leaderboard
• Growth rank: 5 out of 9 - sitting in the middle of the pack right now

One thing worth noting: only 1 house sold this period, down 50% from last month. Low volume can swing averages fast, so treat the price numbers as directional, not gospel. The 27-day average tells us buyers are still engaged - this is not a market that is sitting still.

Condos in Tbd5 - A Moment to Watch

The condo side is taking a bit of a breather. Values have dipped 2.72% recently, and the predicted market value of $558,807 is sitting just below the 3-month moving average of $568,710. That is a signal worth paying attention to if you own a condo here.

• Average HonestDoor Price: $568,021 - up 1.65% from the previous period
• Predicted market value: $558,807
• 3-month moving average: $568,710 - current value is trending below this
• Estimated monthly rent: $2,774
• Rental yield: 3.73% - moderate returns
• Airbnb estimate: $140 per night
• Growth rank: 5 out of 7 in Vernon - below average on the neighbourhood leaderboard right now

Condo owners are not in panic territory, but the trend line is worth watching. If you have been sitting on the fence about selling, the window of peak value may be narrowing.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is the thing about your city assessment. It is a snapshot from months ago, sometimes longer. It does not know what sold on your street last week. It does not factor in current buyer demand or what your neighbour just listed for.

In Tbd5, the average assessed value for houses sits at $1,008,133. The average HonestDoor Price is $1,059,706. That is a gap of over $51,000 - or 5.12% higher than what the city has on file. The HonestDoor Price updates in real time using actual market signals, so it reflects what a buyer would likely pay today, not what an assessor estimated months ago.

For houses, that gap is money left on the table if you price based on the assessment alone. Check your HonestDoor Price before you set a list price, before you refinance, and before you assume the city has it right.

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

Here is the honest read for Tbd5 homeowners heading into summer.

If you own a house, the timing is reasonable. Homes are selling close to list price, days on market are low compared to the rest of Vernon, and prices have nudged up. You are sitting in the top tier for price in the city. The neighbourhood growth rank of 5 out of 9 means we are not leading the pack, but we are not falling behind either. Nearby areas like North Vernon, East Bella Vista, and East Bella Vista Highlands are all priced lower and growing faster - which means buyers who get priced out of those spots may start looking our way.

If you own a condo, move with a bit more urgency. Values are dipping below the recent average, and the growth rank of 5 out of 7 puts us near the bottom of the Vernon condo leaderboard. That does not mean it is a bad time to sell - it means waiting for a better market may not be the safe play it feels like.

• 801 properties assessed in Tbd5 this year
• 20 property transactions recorded in 2026
• Airbnb rank: 3 in Vernon - strong short-term rental potential if you are weighing that option
• Average Airbnb rate: $216 per night for houses, $140 per night for condos
• Neighbourhood growth: 0.00% year over year - flat, not falling

Bottom line: Tbd5 is a high-value pocket of Vernon with real demand for houses and a condo segment that needs watching. Pull your HonestDoor Price today - it is the most current read you have got, and it is almost certainly higher than what the city told you last assessment cycle.

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.