Tbd5, Vernon - July 2026 Real Estate Report

Tbd5, Vernon: Your Neighbor's Honest Take on What's Happening Right Now

The Vibe on the Ground

If you own a home in Tbd5, Vernon, you're sitting on one of the pricier addresses in the city. That's the good news. The honest news? The market is taking a breather, and the numbers are worth paying attention to before you make any moves.

With 802 properties assessed this year and 19 transactions recorded in 2026, this is a real, active neighbourhood - not a ghost town. But the pace has slowed, and prices are adjusting to match.

Houses: What's Actually Happening

The average sale price for a house here sits at $1,284,450. That sounds strong until you see it dropped 9.1% from last month. Only 2 houses sold recently - down 33.3% - and homes are sitting on the market for an average of 84 days. That's not a fast market. Buyers know it too, paying about 99.07% of list price, which means they're negotiating and winning small concessions.

• Average sale price: $1,284,450
• Average list price this month: $1,296,500
• Price per square foot: $422
• Sale-to-list ratio: 99.07% - buyers are paying just under asking
• Average days on market: 84 days
• Properties sold last period: 2 (down 33.3%)
• Predicted market value: $1,027,217
• Estimated monthly rent: $4,260
• Rental yield: 4.65%
• Airbnb potential: $212 per night - ranked 3rd in Vernon

On the neighbourhood leaderboard, houses here rank 6 out of 9 for growth rate and 6 out of 9 for days-on-market speed. That puts us in below-average territory for both. The one bright spot: price rank is 2 out of 9, meaning we're still among the most valuable addresses in Vernon. High price, slower movement - that's the current story.

Condos: A Softer Picture

Condo owners should take note. The average HonestDoor Price for condos here is $558,807, and it has slipped 2.72% from the previous period. The predicted market value sits at $574,436, which is also trending down slightly against the 3-month moving average of $575,645. Not a freefall, but not climbing either.

• Average HonestDoor Price: $558,807 (down 2.72%)
• Predicted market value: $574,436
• Estimated monthly rent: $2,836
• Rental yield: 3.69%
• Airbnb potential: $138 per night - ranked 3rd in Vernon
• Recent value change: +0.27%

On the condo leaderboard, Tbd5 ranks 6 out of 7 for growth. That's bottom-tier for Vernon condos right now. Nearby East Bella Vista condos are cheaper but growing faster at 0.06%. East Bella Vista Highlands condos are also cheaper. If you own here, you're holding a higher-priced asset in a slower-growth pocket of the city.

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

Here's the thing about your city assessment. It's a snapshot from months ago, sometimes longer. It doesn't know what happened to sale prices last month. It doesn't know that houses in Tbd5 just saw a 9.1% price drop. Your tax assessment is basically a postcard from the past.

The HonestDoor Price for houses here is $1,031,876 - that's 2.43% higher than the average assessed value of $1,007,401. It has nudged up 0.45% from the previous period. That gap between what the city thinks your home is worth and what the real-world market says is exactly why checking your HonestDoor Price regularly is the smarter move. It updates with the market. Your assessment does not.

For condos, the HonestDoor Price of $558,807 is your most current read on value - especially useful when the market is shifting and you need a number you can actually trust for a real conversation with a buyer or a lender.

The So What - Thinking About Selling This Summer?

If you're a house owner in Tbd5 and you're thinking about listing this summer, here's the straight talk. You're in a high-value neighbourhood, but buyers have options and they know it. Homes are taking 84 days to sell on average. Prices dropped 9.1% in a single month. That doesn't mean panic - it means strategy.

Price it right from day one. Overpriced listings in a cooling market sit, and sitting listings get lowball offers. Your HonestDoor Price of $1,031,876 is your anchor for a realistic conversation with your agent. Don't lean on last year's assessment of $1,007,401 as your floor - the market has moved, and your pricing strategy needs to move with it.

The Airbnb rank of 3rd in Vernon is a genuine selling point if your home has short-term rental potential. Lead with that for the right buyer. And if you're a condo owner, the rental yield of 3.69% and $2,836 per month in estimated rent gives you a solid investor angle - but be honest about the slower growth story. Buyers will find it anyway.

Bottom line: Tbd5 is still one of Vernon's premium addresses. Sell smart, price accurately, and use your HonestDoor Price - not a stale assessment - as your starting point.

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.