Cedar Valley, Mission - July 2026 Real Estate Report

Cedar Valley, Mission: Your Home Is Worth More Than the City Thinks

If you have been glancing at your latest property assessment and wondering if that number is actually what your home is worth - it is not. The city's assessed value for Cedar Valley sits at an average of $1,150,430. But the average HonestDoor Price tells a different story: $1,223,446. That is a $73,000 gap, and it is money that belongs in your pocket, not buried in a government spreadsheet.

The Vibe: What Is Actually Happening in Cedar Valley Right Now

Let us be straight with you. Cedar Valley is not on fire, but it is not falling apart either. The market is taking a breather. Here is how houses and condos are each telling their own story.

Houses: Steady, But Watch the Trend

If you own a house here, you are sitting on real value - but the short-term numbers deserve a close look.

• Average sale price: $1,015,000 - essentially flat right now
• Price per square foot: $687
• HonestDoor predicted market value: $1,211,090
• 3-month moving average: $1,228,279 - the predicted value is trending below this, a sign of softening
• Recent price change: -0.49%
• Estimated monthly rent: $4,723 with a rental yield of 4.48%
• Airbnb income potential: approximately $235 per night
• Only 1 house sold recently - a very thin market

On the neighborhood leaderboard, Cedar Valley houses rank 9 out of 12 for growth in Mission. That puts us in the below-average tier right now. Price rank is 5 out of 8 - also below average. We are not leading the pack, but we are not the cheapest option either. Think of it as the middle lane on the highway.

Compare us to the neighbours: Silverdale averages $1,515,504 and Ferndale hits $1,743,472. Cedar Valley at $1,211,090 looks like the more accessible entry point into a strong Mission corridor - and that has its own appeal for buyers.

Condos: A Sharper Correction Worth Knowing About

We will not sugarcoat this one. The condo side of Cedar Valley is under more pressure.

• Average HonestDoor Price: $570,400 - down 7.64% from the previous period
• Predicted market value: $617,600
• 3-month moving average: $649,747 - values are sliding below this benchmark
• Recent price change: -10.62%
• Estimated monthly rent: $2,902 with a rental yield of 3.60%
• Airbnb income potential: approximately $136 per night
• Airbnb rank in Mission: 2nd - a genuine bright spot

On the leaderboard, Cedar Valley condos rank 9 out of 9 for growth in Mission. That is the bottom of the board. If you own a condo here and have been thinking about selling, this data is a reason to pay attention sooner rather than later. Nearby Mission Urban-Infill Area condos are sitting at $634,527 - slightly above our predicted value - which tells us buyers have options close by.

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

Here is the thing about your city assessment: it is a snapshot from months ago, built on a formula that does not care what happened on your street last Tuesday. It is not designed to tell you what a buyer would actually pay today.

The HonestDoor Price is updated in real time. It pulls from actual transaction data, current market movement, and comparable sales happening right now. For Cedar Valley houses, that number is $1,223,446 - sitting 6.35% above the average city assessment of $1,150,430. That gap is not a rounding error. That is real equity that your assessment is leaving on the table.

With 2,049 properties assessed in Cedar Valley this year, most homeowners are working off the same static number. The ones who check their HonestDoor Price are the ones who walk into a listing conversation knowing their actual position.

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

Here is the honest read for Cedar Valley sellers heading into summer 2026.

For house owners: the market is slow - only 9 total transactions recorded in 2026 so far, and just 1 recent house sale. That is a thin buyer pool. But your HonestDoor Price is still meaningfully above your city assessment, and at $687 per square foot, well-presented homes have a real story to tell. If you are selling, price it sharp and do not let it sit. A listing that lingers in a low-volume market loses momentum fast.

For condo owners: the -10.62% recent price shift and a last-place growth ranking are signals you should not ignore. If selling is on your radar for 2026, sooner beats later. The 3-month moving average is dropping, and waiting for a rebound that has not shown up in the data yet is a gamble.

For everyone: Cedar Valley ranks 2nd in Mission for total transactions. That means buyers know this neighbourhood. The demand is there - it just needs the right price to unlock it. Check your HonestDoor Price, compare it to your assessment, and go into any selling conversation with the real number in hand.

• Total transactions in 2026: 9 - ranks 2nd in Mission
• Neighbourhood growth: -0.01% year over year
• Average assessed value rank in Mission: 6th
• HonestDoor Price vs. assessment gap: +$73,016 for houses
• Average rental estimate (all property types): $4,753 per month

Bottom line: Cedar Valley is a known quantity in Mission. The numbers right now call for clear eyes, realistic pricing, and using the most current data available - not last year's assessment notice.

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.