Upper Lynn, North Vancouver - August 2026 Real Estate Report

Upper Lynn Real Talk: Your Home Is Worth Less Than the City Thinks - And That Matters

If you have been watching the "For Sale" signs in Upper Lynn and wondering what is actually going on with prices, here is the straight answer. The market is taking a breather. Not crashing, not booming - just cooling off quietly while the city's assessment numbers sit there looking a little too optimistic.

The Vibe: What Is Happening With Houses and Condos Right Now

Let's break it down by property type, because the two stories here are pretty different.

Houses in Upper Lynn

We are in a slow patch. One house sold last month, and the average sale price came in at $1,580,000 at roughly $1,779 per square foot. The predicted market value for houses sits at $1,938,041 - but here is the part worth paying attention to. That number is sliding. It is down from the 3-month moving average of $1,981,138, and values have shifted by -3.72% recently.

• Average sale price: $1,580,000
• Price per square foot: $1,779
• Predicted market value: $1,938,041
• 3-month moving average: $1,981,138
• Recent value change: -3.72%
• Estimated monthly rent: $6,659
• Rental yield: 3.72%
• Growth rank: 38 out of 52 neighbourhoods in North Vancouver
• Price rank: 33 out of 47 neighbourhoods in North Vancouver

On the neighbourhood leaderboard, Upper Lynn houses rank 38th out of 52 for growth. That puts us in below-average territory right now. Not last place, but not a neighbourhood you would brag about at a dinner party either. The good news for landlords - a rental yield of 3.72% is a reasonable return in this market.

Condos in Upper Lynn

Condos are telling a different story - and honestly, a more encouraging one for condo owners. The predicted market value is $1,185,986, and it is actually trending up from the 3-month moving average of $1,165,876. Values have moved 3.69% higher recently, which puts Upper Lynn condos at rank 14 out of 48 neighbourhoods in North Vancouver for growth. That is solidly above average.

• Average HonestDoor Price: $1,172,071 (down 1.17% from previous period)
• Predicted market value: $1,185,986
• 3-month moving average: $1,165,876
• Recent value change: +3.69%
• Estimated monthly rent: $4,697
• Rental yield: 2.54%
• Airbnb estimate: $234 per night
• Growth rank: 14 out of 48 neighbourhoods in North Vancouver

Compared to nearby neighbourhoods, Central Lynn condos are running higher at $1,315,747. But Upper Lynn is holding its own and actually outpacing some neighbours on growth momentum right now.

The Secret Sauce: Why Your HonestDoor Price Is the Number You Should Actually Care About

Here is the thing about your city assessment. It is a snapshot from the past. The government looks at sale data from a specific cutoff date, runs its formula, and hands you a number that may be months - or longer - out of date by the time it lands in your mailbox.

For houses in Upper Lynn, the average assessed value is $1,974,226. The average HonestDoor Price is $1,927,766. That is a gap of 2.35%. In dollar terms on a home in this range, that difference is real money - and it means the city's number is running higher than what the real-world market is currently supporting.

The HonestDoor Price is updated in real time using current sales, market trends, and live data. It is the real-world check against a static government number. If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is the number that reflects today, not last year.

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

If you are a house owner in Upper Lynn and you are thinking about listing this summer, here is the honest picture. The market is not in your favour the way it was a year or two ago. With only 2 transactions recorded in 2026 so far and values trending down from the 3-month average, you are not walking into a bidding war. Pricing sharp and realistic - closer to that $1,927,766 HonestDoor Price than the city's $1,974,226 assessment - is going to matter more than ever.

Overpricing based on your assessment is the fastest way to sit on the market and eventually take a lower offer anyway. Buyers are doing their homework.

If you own a condo, the picture is a bit brighter. With values trending up and a top-15 growth ranking in North Vancouver, you have some momentum on your side. It is not a runaway market, but the direction is right.

Either way, the smartest move before you call an agent or set a list price is to check your HonestDoor Price. It takes 30 seconds and gives you the real number - not the one the city calculated from old data.

• Upper Lynn houses - HonestDoor Price: $1,927,766 (2.35% below city assessment)
• Upper Lynn condos - HonestDoor Price: $1,172,071
• Neighbourhood growth (overall): -0.02% year over year
• Total transaction rank in North Vancouver: 3rd
• 948 properties assessed this year in Upper Lynn

Bottom line - Upper Lynn is a solid neighbourhood with real value. But right now, the market is asking for honesty on price. Know your real number before you make your next move.

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.