Westsyde, Kamloops - July 2026 Real Estate Report

Westsyde Real Talk: Your Home Is Probably Worth Less Than Your Tax Bill Says

If you have been watching the "For Sale" signs on your street and wondering what is actually going on, here is the straight answer. Westsyde is taking a breather. Prices are softer, homes are sitting longer, and the city's assessment number on your tax notice is almost certainly higher than what a buyer would pay you today. That gap matters - and it is bigger than most people realize.

The Vibe: Houses vs. Condos

Let's break down what we are actually seeing on the ground right now.

Houses

The average house sale price in Westsyde is sitting at $716,077 - but that number dropped 5.0% just from last month. Active listings are averaging $731,814, and homes are selling at about 97.84% of list price, meaning buyers are successfully negotiating below asking. On top of that, the average days on market is 40 days. Compare that to Batchelor Heights where homes are moving in 28 days, and it is clear our market is slower. The predicted market value for a Westsyde house right now is $646,461, which is actually ticking up slightly from the 3-month moving average of $642,967 - a small but encouraging sign. Rental potential is strong at $3,015 per month, with a 5.34% rental yield. That is a number worth paying attention to if you are weighing your options.

Condos

The condo picture is a bit rougher. The average HonestDoor Price for condos is $607,022, down 0.96% from the previous period. The predicted market value is $612,927, but that is actually falling - the 3-month moving average is $626,252, which means the trend is heading in the wrong direction. Condo values have shifted -3.90% recently, and on the Kamloops neighbourhood growth leaderboard, Westsyde condos rank 22 out of 27. That puts us firmly in the bottom tier right now. Rental yield for condos comes in at 3.61%, which is moderate but not a standout number.

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

Here is the thing most Westsyde homeowners do not realize. The city's average assessed value for a house here is $702,597. The average HonestDoor Price is $651,216. That is a gap of over $51,000 - and the HonestDoor Price is 7.31% lower than what the assessment says your home is worth.

Your tax assessment is a snapshot frozen in time. It does not know that sale prices dropped 5.0% last month. It does not know that buyers are negotiating below list price. It does not update when the market shifts. The HonestDoor Price pulls from real, current transaction data - 67 property sales happened here in 2026 across 3,356 assessed properties. That is a real-world check on a number that is already going stale the moment it gets printed.

If you are making any financial decision based on your assessment - whether that is a refinance, a sale price conversation, or just knowing where you stand - the HonestDoor Price is the number you should actually be looking at.

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

Selling this summer in Westsyde is absolutely doable, but you need to go in with clear eyes. Here is what the data is telling us:

• Homes are taking 40 days to sell on average - plan for that timeline, do not expect a quick flip
• Buyers are paying about 2.16% below list price on average - price it right from day one instead of chasing the market down
• The HonestDoor Price for houses ($646,461 predicted value) is your realistic anchor, not the assessed value of $702,597
• Westsyde ranks 4th in Kamloops for total transactions - there is real buyer activity here, just not at the pace of a year ago
• On the neighbourhood growth leaderboard, Westsyde houses rank 18 out of 27 - below average, but not at the bottom
• Nearby Batchelor Heights is fetching higher prices ($796,486 HonestDoor Price) - if a buyer is cross-shopping, know what you are competing against

The bottom line for sellers: this is not a panic situation, but it is not a seller's market either. Price based on what homes are actually selling for - not what the city thinks your home was worth last year. Get your HonestDoor Price, compare it honestly to recent sales, and you will be in a much stronger position than the neighbour who listed at assessment value and sat on the market all summer.

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.