Tbd6, Vernon - September 2026 Real Estate Report

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

The Vibe in Tbd6

If you've been watching the "For Sale" signs around Tbd6, here's what's actually happening. The market is sending mixed signals depending on whether you own a house or a condo - and the gap between what the city thinks your place is worth and what buyers will actually pay is bigger than most people realize.

With 215 property transactions recorded in 2026 and 11,175 properties assessed this year, Tbd6 is one of the busiest neighbourhoods in Vernon. That transaction volume ranks number 1 in the city. People are moving here. That matters.

Houses: Still Moving, But Buyers Are Negotiating

We're seeing houses sell at an average of $638,358 - down 1.2% from last month. That's not a crash, but it's a signal. Buyers are paying about 97.62% of list price, which means if you list at $661,500, expect to land somewhere below that. Budget for a small gap.

• Average sale price: $638,358 (down 1.2% month over month)
• Average list price: $661,500
• Price per square foot: $354
• Sale-to-list ratio: 97.62%
• Average days on market: 59 days
• Properties sold this period: 31 (down 40.4% from last month)

Homes here are selling faster than East Bella Vista Highlands (85 days) but slower than Tourist Commercial Waterfront (46 days). We're sitting in the middle of the pack. The predicted market value for houses is $762,302, which is actually climbing above the 3-month moving average of $752,033. That's a good sign for sellers who are patient. On the neighbourhood leaderboard, Tbd6 houses rank 4 out of 9 for growth - above average, not top of the chart, but solidly in the upper half.

Condos: Pricier Than You'd Expect, But Taking Longer to Move

Here's where things get interesting for us condo owners. The HonestDoor Price for condos in Tbd6 sits at $902,507 - and that number is 163.68% higher than the city's average assessed value of $342,274. That is a massive gap. If you're a condo owner relying on your tax assessment to understand your equity, you're working with the wrong number.

• Average condo sale price: $283,800 (down 3.8% from last month)
• Average list price: $313,567
• Price per square foot: $349
• Sale-to-list ratio: 95.55%
• Average days on market: 120 days
• Properties sold this period: 5

120 days on market is slow. East Bella Vista Highlands is moving condos in 85 days by comparison. Buyers are negotiating harder here - landing nearly 4.5% below list price on average. The predicted market value of $927,302 is actually dipping below the 3-month moving average of $947,544, which tells us condo values are taking a breather right now. On the leaderboard, condo growth ranks 6 out of 7 in Vernon. That's a number worth watching.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Your city assessment is a snapshot from the past. It's calculated once a year using data that can be months old by the time it lands in your mailbox. The HonestDoor Price updates in real time using actual sales, market shifts, and current demand - not last year's numbers.

For house owners in Tbd6, the HonestDoor Price of $747,128 runs 3.09% above the average assessed value. That gap represents real money - money that wouldn't show up if you priced your home based on your assessment alone. For condo owners, the difference is even more dramatic. A 163.68% gap between assessed value and HonestDoor Price means the city's number is essentially useless as a pricing guide right now.

If you're making any financial decision tied to your property - refinancing, selling, even just understanding your net worth - check your HonestDoor Price first. It's the real-world check that your assessment simply cannot provide.

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

For house sellers, the window is open but it requires smart pricing. Inventory is moving in 59 days on average, demand is above average for Vernon, and the predicted value is trending upward. Price sharp, price based on your HonestDoor Price, and you have a real shot at a clean sale before fall.

For condo sellers, be honest with yourself. Condos are sitting for 120 days and buyers are cutting deals. If you need to sell this summer, price aggressively from day one. A condo sitting on the market for four months costs you carrying costs and negotiating power. Get ahead of it.

Either way, the rental picture is strong for anyone considering holding. Houses are pulling an estimated $3,389 per month in rent with a 5.20% rental yield. That's a solid return if selling right now doesn't pencil out for you. Condos are sitting at a 3.65% yield - moderate, but still positive cash flow territory for the right buyer.

Bottom line - Tbd6 is one of the most active neighbourhoods in Vernon by transaction volume. That's your foundation. Use your HonestDoor Price, not your assessment, and make your move with real numbers in hand.

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.