Tempe, North Vancouver - September 2026 Real Estate Report

Tempe, North Vancouver: What's Actually Happening With Home Prices Right Now

If you live in Tempe and you've been wondering whether your home is worth what the city says it is - here's the honest answer. The numbers are close, but the story underneath them is worth paying attention to before you make any moves this summer.

The Vibe: Houses vs. Condos

We're seeing two pretty different stories playing out in Tempe right now, depending on what you own.

Houses - The house market here is quiet. One sale in 2026 so far, with an average sale price of $1,800,000 and a price per square foot sitting around $984. The predicted market value for houses is $2,042,295, but that number is slipping - it's down from a 3-month moving average of $2,054,528. That's a signal the market is taking a breather. On the neighbourhood leaderboard, Tempe houses rank 41 out of 52 for growth in North Vancouver. That puts us in below-average territory. Not a freefall, but not a hot streak either.

• Average sale price: $1,800,000
• Price per square foot: $984
• Predicted market value: $2,042,295
• 3-month moving average: $2,054,528
• Estimated rent: $6,936 per month
• Rental yield: 3.66%
• Growth rank: 41 out of 52 in North Vancouver

Condos - This is where it gets interesting. The average HonestDoor Price for condos in Tempe is $2,510,615 - and it's actually up 0.97% from the previous period. That's a rare bright spot in a market that's mostly flat. The Airbnb rank for condos sits at 3 in all of North Vancouver, which tells us short-term rental demand here is genuinely strong. That said, the 3-month moving average of $2,542,330 is still above the current predicted value of $2,498,204, and the recent change of -3.67% means values have pulled back. On the leaderboard, condo growth ranks 45 out of 48 - that's bottom-of-the-pack territory for North Vancouver right now.

• Average HonestDoor Price: $2,510,615 (up 0.97%)
• Predicted market value: $2,498,204
• 3-month moving average: $2,542,330
• Estimated rent: $7,299 per month
• Rental yield: 2.52%
• Airbnb estimate: $361 per night
• Airbnb rank: 3 in North Vancouver
• Growth rank: 45 out of 48 in North Vancouver

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. It doesn't know what the market did last week, last month, or even this season. The average assessed value in Tempe sits at $2,042,804. The average HonestDoor Price is $2,041,650. Those numbers are almost identical right now - but that gap can shift fast when the market moves.

The HonestDoor Price updates in real time. It pulls in actual transaction data, current market signals, and what comparable properties are doing right now. Your tax assessment can't do that. If you're thinking about pricing a listing, refinancing, or just want to know what your biggest asset is actually worth today - the HonestDoor Price is the number to look at. Waiting for next year's assessment means you're making decisions with old information.

With 612 properties assessed in Tempe this year and only 1 transaction recorded in 2026 so far, there isn't a flood of sales data to work with locally. That makes a real-time estimate even more valuable - because there's less local noise to hide behind.

The So What - Should You Sell in Tempe This Summer?

If you're a house owner thinking about listing, the honest answer is: the window is open, but it's not wide. Values are drifting slightly downward from their recent peak. You're not in a panic situation - neighbourhood growth is down just 0.03% year over year - but you're also not in a rising market that rewards waiting. Listing sooner rather than later gives you a better shot at catching buyers before any further softening.

Compare that to your neighbours. Grand Boulevard houses are averaging $2,271,912 with near-flat growth. Boundary is sitting at $1,954,274. Kirkstone is at $1,914,822. Tempe is priced above two of its three closest neighbours - which means buyers shopping the area will notice the difference. Your pricing needs to be sharp.

For condo owners, the short-term rental angle is real. An Airbnb rank of 3 in North Vancouver is not something to ignore. If you're not selling, that income potential - around $361 per night - is worth exploring. If you are selling, that ranking is a legitimate selling point for the right buyer.

Bottom line: Tempe is not a market on fire right now, but it's not broken either. Know your real number, price it right, and move with the market - not against it.

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.