Tsawwassen, Tsawwassen - June 2026 Real Estate Report

Tsawwassen Real Estate Right Now: What Your Neighbours Are Not Telling You

The Vibe on the Ground

If you have been watching the "For Sale" signs in Tsawwassen lately, here is what is actually happening. The market is steady - not explosive, not crashing. Houses are holding their ground and condos are doing their own quiet thing. Let us break it down.

Houses: Still the Heavyweight

Houses in Tsawwassen are sitting at an average sale price of $1,305,000, with price per square foot around $739. Only 2 homes sold recently, which is a thin slice of activity - but the HonestDoor predicted market value tells a more interesting story at $1,505,409. That number is creeping up from the 3-month moving average of $1,497,808, meaning values are quietly climbing even when sales are slow.

• Average sale price: $1,305,000
• Price per square foot: $739
• HonestDoor predicted value: $1,505,409
• 3-month moving average: $1,497,808
• Recent value change: up 3.86%
• Estimated monthly rent: $5,517
• Rental yield: 4.11%
• Neighbourhood growth rank: 1 out of 1 comparable neighbourhoods

That 3.86% recent value change is real money on a home worth over a million dollars. We are talking roughly $50,000 in added value. That is not nothing.

Condos: Affordable Entry, Steady Footing

Condos are a different story. The average sale price landed at $489,975 - and at $683 per square foot, that is actually competitive compared to nearby Beach Grove where condos sold for $449,900. Three condo sales closed recently, which is consistent with last month.

• Average sale price: $489,975
• Price per square foot: $683
• HonestDoor predicted value: $647,583
• 3-month moving average: $652,449 (predicted value is dipping slightly)
• Recent value change: -0.56%
• Estimated monthly rent: $3,040
• Rental yield: 3.58%
• Average assessed value: $502,067
• Average HonestDoor Price: $523,925

The condo predicted value is taking a small breather - down slightly from the 3-month average. Nothing alarming, but worth watching if you are a condo owner thinking about timing a sale.

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

Here is the thing most Tsawwassen homeowners miss. That assessed value sitting on your property tax notice? It is a snapshot from the past. It does not move with the market in real time.

For condos right now, the average assessed value is $502,067. The average HonestDoor Price is $523,925 - that is 4.35% higher than what the government has on file. If you are making any financial decision based on your assessment alone, you are working with an outdated number.

The HonestDoor Price pulls from current market signals and updates continuously. Think of it as the real-world check against a static government number that gets refreshed once a year at best. For houses, the predicted value of $1,505,409 is the number that actually reflects what a buyer would pay today - not what an assessor calculated months ago.

Bottom line: check your HonestDoor Price before you make any move. It is free and it is current.

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

If you own a house in Tsawwassen and you are thinking about listing this summer, the timing has some logic to it. Values are up 3.86% recently and the predicted market value is trending higher than the 3-month average. That is a tailwind, not a headwind.

For condo owners, the picture is a little more nuanced. Values have dipped slightly - down 0.56% - and the predicted value is sitting just below the 3-month average. That does not mean do not sell. It means price it right from day one. Overpricing a condo in a slow-transaction market is the fastest way to sit on the listing.

One more thing worth knowing: on the neighbourhood leaderboard, Tsawwassen ranks 1 out of 1 comparable neighbourhoods for both growth rate and price. That means we are the only benchmark in our category right now - which makes the HonestDoor Price even more important as your reference point, since there is limited local competition data to lean on.

Want to know exactly where your home sits right now? Pull your HonestDoor Price at HonestDoor.com. Takes about 30 seconds and it is the most current number you will find.

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.