West Point Grey, Vancouver - September 2026 Real Estate Report

West Point Grey Is Still One of Vancouver's Most Expensive Addresses - But the Market Is Taking a Breather

If you own a home in West Point Grey and you haven't checked your HonestDoor Price lately, you're probably leaving a serious amount of money on the table - or at least walking around with the wrong number in your head. Here's the real picture right now.

The Vibe: What's Actually Happening With Houses and Condos

Houses

We're sitting in premium territory. The average HonestDoor Price for a house in West Point Grey is $4,023,560 - and the predicted market value for houses is sitting at $4,021,809, which is trending up from the 3-month moving average of $3,992,310. That's a slow but steady climb. Recent sales are averaging $3,030,000, with price per square foot around $1,389.

• Average HonestDoor Price: $4,023,560
• Average sale price: $3,030,000
• Price per square foot: $1,389
• Estimated monthly rent: $11,136
• Rental yield: 3.11%
• Recent value change: up 0.55%
• Neighbourhood growth rank: 16 out of 23 in Vancouver
• Price rank: 9 out of 22 in Vancouver - above average

One thing worth noting on the leaderboard: our house growth rate ranks 16th out of 23 comparable Vancouver neighbourhoods. That puts us in the below-average tier for momentum right now. The neighbourhood isn't losing ground dramatically - growth is down just 0.04% year over year - but we're not leading the pack either. The price rank tells a different story though. Sitting 9th out of 22 for price means West Point Grey houses are still commanding serious coin compared to most of the city.

Compare us to the neighbours: Dunbar Southlands houses are averaging $3,408,562 and Arbutus Ridge is at $3,476,506. Both are cheaper than us and growing slower. Kitsilano comes in at $2,514,175 - also cheaper, also slower. West Point Grey is holding its position at the top of this local cluster.

Condos

The condo story is a bit more nuanced. The average HonestDoor Price is $1,547,467, but it has dipped 0.82% from the previous period. The predicted market value sits at $1,560,327, which is just barely above the 3-month moving average of $1,559,159 - so we're essentially flat. Recent sales are averaging $1,387,500, with price per square foot around $1,014.

• Average HonestDoor Price: $1,547,467
• Average sale price: $1,387,500
• Price per square foot: $1,014
• Estimated monthly rent: $5,182
• Rental yield: 2.82%
• Recent value change: up 0.31%
• Neighbourhood growth rank: 8 out of 22 in Vancouver
• Price rank: 4 out of 22 in Vancouver - among the most expensive

Here's where the leaderboard gets interesting for condo owners. We rank 8th out of 22 for growth - that's above average. And we rank 4th out of 22 for price. That combination of high price and above-average growth momentum is a solid position to be in. The one caveat: Kitsilano condos are slightly ahead of us at a predicted $1,652,255. But Dunbar Southlands ($1,171,349) and Arbutus Ridge ($1,402,424) are both cheaper and slower-growing. We're in good company at the top of this group.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the number that should get your attention. The average assessed value for a West Point Grey house is $3,159,713. The average HonestDoor Price is $4,023,560. That's a gap of 27.34% - meaning the city's assessment is running nearly $864,000 behind what the real-world market is saying your home is worth.

For condos, the gap is even wider. Average assessed value: $987,759. Average HonestDoor Price: $1,547,467. That's 56.66% higher than the assessed value - a difference of roughly $560,000.

Government assessments are a snapshot from the past. They're based on data that's already months old by the time it lands in your mailbox. The HonestDoor Price is updated in real time, pulling from actual market activity. If you're making any financial decision - refinancing, selling, estate planning, even just understanding your net worth - the HonestDoor Price is the number that reflects what a buyer would actually pay today. The assessed value is what the city uses for tax purposes. Those are two very different things.

The 'So What?': Thinking About Selling This Summer?

If you're a house owner in West Point Grey and you're eyeing a summer sale, the fundamentals are still working in your favour. Prices are above $4 million on the HonestDoor estimate, the predicted value is trending up, and you're sitting in the 9th most expensive house market in Vancouver. The growth rank of 16th out of 23 tells us momentum has cooled - this isn't a sprint market right now - but West Point Grey houses aren't cheap, and buyers who want this neighbourhood know it.

With only 1 house sold recently and 4 total transactions in 2026 so far, inventory is tight. Low transaction volume cuts both ways - fewer comps for pricing, but also less competition from other sellers. If you price it right using your HonestDoor Price as the anchor rather than the assessed value, you're starting the conversation from a much stronger position.

For condo owners, the picture is actually a bit brighter on the momentum side. Above-average growth rank, top-4 pricing in Vancouver, and a rental estimate of $5,182 a month means buyers with an eye on income potential have real reasons to look here. The slight dip in HonestDoor Price (-0.82%) is worth watching, but it's not a red flag - it's a blip.

Bottom line: West Point Grey is not a bargain market and it was never meant to be. If you're selling this summer, get your HonestDoor Price, understand the gap between that and your assessment, and go in with accurate numbers. That's the edge.

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.