West Point Grey, Vancouver - August 2026 Real Estate Report

West Point Grey: Your Home Is Worth Way More Than the City Thinks

If you own property in West Point Grey and you're still looking at your BC Assessment notice to figure out what your home is worth, stop. That number is already old news - and in this neighbourhood, it's leaving serious money on the table.

The Vibe: What's Actually Happening on Our Streets

West Point Grey is holding its ground as one of Vancouver's most valuable addresses. Growth has taken a small breather - down 0.04% year over year for houses - but don't confuse a pause with a problem. Every comparable neighbourhood around us is in the same boat, and we're still outperforming most of them.

Houses: The Numbers That Matter

• Average HonestDoor Price: $4,021,809
• Average Assessed Value: $3,159,713
• That gap: $862,096 - money the city's assessment is not giving you credit for
• Predicted market value: $3,999,828 - up from the 3-month average of $3,957,525
• Recent sale price average: $1,675,000
• Price per square foot: $1,215
• Estimated monthly rent: $11,072
• Rental yield: 3.12%
• Airbnb potential: $550 per night - ranked 3rd in all of Vancouver
• House growth rate: Ranked 1 out of 23 neighbourhoods in Vancouver

That growth rank is the headline. Out of 23 comparable Vancouver neighbourhoods, West Point Grey houses sit at the top of the leaderboard right now. Values are trending upward, and the predicted price is climbing past the 3-month moving average. That is not a market taking a long nap - that is a market quietly building momentum.

Condos: Strong Price, Steady Footing

• Average HonestDoor Price: $1,560,327
• Average Assessed Value: $987,759
• That gap: $572,568 - the assessment is 57.97% below the real-world number
• Predicted market value: $1,555,450 - up from the 3-month average of $1,539,227
• Recent sale price average: $1,387,500
• Price per square foot: $1,014
• Estimated monthly rent: $5,154
• Rental yield: 2.83%
• Airbnb potential: $256 per night - ranked 7th in Vancouver
• Condo price rank: 3rd most expensive out of 22 neighbourhoods in Vancouver
• Condo growth rank: 8th out of 22 neighbourhoods in Vancouver

Condo values dipped 0.40% recently, but the predicted value is still climbing past its 3-month average. We sit third on the price leaderboard across Vancouver condos. Kitsilano condos are running slightly ahead of us at $1,652,996 predicted, but Dunbar Southlands and Arbutus Ridge are both cheaper and growing slower. Our position is solid.

The Secret Sauce: Why Your HonestDoor Price Is the Number to Watch

Here is the honest truth about BC Assessments. They are calculated once a year using data that is already months old by the time it lands in your mailbox. In a neighbourhood like West Point Grey - where house values are running 27.28% above assessed value and condo values are running 57.97% above assessed value - that lag is not a minor rounding error. It is a six-figure blind spot.

The HonestDoor Price updates in real time. It pulls from actual transaction data, current market signals, and comparable sales happening right now. For houses, we are talking about a live estimate of $4,021,809 against a city assessment of $3,159,713. For condos, $1,560,327 against $987,759. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world check you need before you do anything else.

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

If you have been sitting on the fence, here is what the data is telling you right now.

For house owners, the timing looks interesting. Growth is ranked first in Vancouver. The predicted value is trending up. Rental demand is strong at $11,072 per month, and your Airbnb potential ranks third in the city. Buyers who want this neighbourhood know they are paying for something rare - proximity to UBC, the beach, and some of the best schools in the province. That does not go on sale.

For condo owners, the picture is still positive but worth watching. Values are up from the 3-month average, but the recent 0.40% dip is worth keeping an eye on. You are priced third-highest in Vancouver, which means your buyer pool is specific. Price it right using your HonestDoor Price as the anchor - not the assessment - and you are in a strong position.

Bottom line: West Point Grey is not a neighbourhood where you guess at your home's value. With 2,678 houses and 636 condos assessed this year, and a gap between assessed and real-world value that runs into the hundreds of thousands, knowing your actual number is not optional. It is the starting point for every smart move you make from here.

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.