Tbd6, Vernon - July 2026 Real Estate Report

Tbd6, Vernon: What Your Neighbour's House Is Actually Worth Right Now

If you own property in Tbd6 and you're still looking at your city assessment to figure out what your place is worth, you're working with old information. Here's the real picture - and it's more interesting than you might think.

The Vibe: Houses vs. Condos

These two property types are telling very different stories in our neighbourhood right now, so let's break them down separately.

Houses - Taking a Breather

If you've been watching the "For Sale" signs around Tbd6, here's what's actually happening. The house market is cooling off. Average sale prices sit at $711,928, down 3.8% from last month. Homes are sitting on the market for 51 days on average - a bit longer than nearby Tourist Commercial Waterfront at 46 days. Buyers are also negotiating, with properties selling at about 97.48% of list price. That means on a $718,000 listing, buyers are shaving off roughly $18,000.

• Average sale price: $711,928 (down 3.8% from last month)
• Average listing price: $718,811
• Price per square foot: $349
• Average days on market: 51
• Sale-to-list ratio: 97.48%
• Properties sold in 2026: 47 (down 4.1% from last month)
• Rental yield: 5.23% - strong returns for investors
• Estimated monthly rent: $3,333
• Growth rank: 5 out of 9 neighbourhoods in Vernon

That 5.23% rental yield is genuinely solid. If you're an investor sitting on a house here, the income story is still working in your favour even as sale prices soften.

Condos - A Different Animal Entirely

We have something unusual happening with condos in Tbd6. The HonestDoor Price for condos is sitting at $955,561 - and that number is climbing, up against a 3-month moving average of $940,493. Only 6 condos sold last month, which is down 40% from the month before, so we're dealing with thin volume. But the condos that do sell are moving faster than those in East Bella Vista Highlands. Tbd6 condos rank number 1 in Vernon for both average assessed value and total transactions. That's a top-of-the-leaderboard position.

• Average sale price: $336,917 (up 0.2% from last month)
• Average listing price: $336,186
• Price per square foot: $309
• Average days on market: 67
• Sale-to-list ratio: 97.16%
• Properties sold in 2026: 6 (down 40% from last month)
• Estimated monthly rent: $3,310
• Rental yield: 3.64%
• HonestDoor Price growth rank: 4 out of 7 neighbourhoods in Vernon
• Price rank: 1 out of 5 - most expensive condos in Vernon

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

Here's the thing about city assessments - they're a snapshot from the past. The average assessed value for a house in Tbd6 is $724,708. The HonestDoor Price for the same house? $747,128. That's a gap of over $22,000, and the HonestDoor Price is updated in real time using actual market activity.

For condos, the gap is even more dramatic. The average city assessment sits at $342,339. The HonestDoor Price is $955,561 - that's 179% higher than what the city has on file. If you're a condo owner making any kind of financial decision based on your assessment, you could be leaving serious money on the table.

Your HonestDoor Price is the real-world check. It reflects what buyers are actually paying right now, not what a government office calculated months ago. With 11,175 properties assessed this year across houses alone, and 215 total transactions in 2026, there's enough real data flowing through Tbd6 to give you a much sharper number than any static assessment can.

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

For house sellers, the honest answer is: move with intention. The market is softer than it was. Buyers have more leverage, days on market are creeping up, and prices dipped last month. That doesn't mean it's a bad time to sell - it means pricing your home right from day one matters more than ever. A house listed at $718,000 is likely to sell around $700,000 based on current ratios. Know that going in.

For condo sellers, the picture is more nuanced. Volume is low, which cuts both ways. Fewer competing listings can work in your favour if you're the only quality unit available. Your HonestDoor Price of $955,561 is trending upward against its 3-month average, and Tbd6 condos hold the top price rank in all of Vernon. If you're patient and priced correctly, the demand story is still there.

For anyone thinking about renting instead of selling - the numbers support that too. A 5.23% rental yield on houses is hard to ignore when savings accounts are paying less. Estimated rents of $3,333 per month for houses and $3,310 for condos give you a real income floor while you wait for the market to find its footing.

Bottom line: check your HonestDoor Price before you make any move. It's the number that actually reflects what Tbd6 is doing right now - not six months ago.

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.