Cloverdale, Surrey - August 2026 Real Estate Report

Cloverdale, Surrey Real Talk: Your Home Is Worth More Than The City Thinks

If you've been glancing at your latest property assessment and wondering if that number is actually what your place is worth - it isn't. Not even close. Here's what's really going on in Cloverdale right now.

The Vibe: What's Happening With Houses and Condos

Let's break it down for us locals, because houses and condos are telling two very different stories right now.

Houses

The house market in Cloverdale is holding steady. Average sale prices are sitting at $1,302,500, and the predicted market value is $1,420,766 - which is actually ticking up from the 3-month moving average of $1,417,094. That's a quiet but real upward signal.

• Average sale price: $1,302,500
• Price per square foot: $622
• Predicted market value: $1,420,766
• Estimated monthly rent: $5,296
• Rental yield: 4.22%
• Properties sold in 2026: 12 transactions across 2,774 assessed properties
• Neighbourhood growth rank: 17 out of 45 in Surrey - above average
• Price rank: 15 out of 45 in Surrey - above average

We're sitting above the midpoint on the Surrey neighbourhood leaderboard for both price and growth. That's not a bad spot to be. For context, nearby North Cloverdale West has a predicted value of $1,406,150 - we're ahead of them too.

Condos

The condo story here is genuinely interesting. The average sale price is $422,000, but the predicted market value is $923,395. That gap is worth paying attention to. Values have moved 2.43% recently, and on the Surrey growth leaderboard, Cloverdale condos rank 5 out of 44 neighbourhoods. That puts us firmly in the top tier.

• Average sale price: $422,000
• Price per square foot: $487
• Predicted market value: $923,395
• Estimated monthly rent: $3,459
• Rental yield: 3.62%
• Properties sold in 2026: 11 transactions across 699 assessed properties
• Growth rank: 5 out of 44 in Surrey - top performer
• Price rank: 24 out of 27 - among the most affordable in Surrey

That combination - top 5 in growth, bottom quarter in price - is exactly the kind of thing buyers look for. If you own a condo here, that's a strong position to be in.

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

Here's the thing about your city assessment. It's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the new park down the street. It's a tax tool, not a market tool.

The HonestDoor Price is the real-world check. For houses in Cloverdale, the average HonestDoor Price is $1,419,099 - that's 3.64% higher than the average assessed value of $1,369,241. For condos, the gap is even more striking. The average assessed value is $481,435, but the HonestDoor Price is $905,939. That's 88.17% higher than what the city has on file.

If you're making any financial decision based on your assessment alone - refinancing, estate planning, deciding whether to sell - you're working with an outdated number. The HonestDoor Price updates in real time. Your assessment does not.

The So What: Thinking About Selling This Summer?

Here's the honest read for anyone weighing a summer sale in Cloverdale.

For house owners - the market isn't running hot, but it isn't soft either. It's taking a breather. Prices are stable, predicted values are nudging upward, and at $622 per square foot you're priced competitively against the rest of Surrey. With only 12 transactions recorded in 2026 so far, inventory is tight. Tight inventory with steady demand is generally good news for sellers.

For condo owners - the growth momentum is real. Ranking 5th in Surrey for growth while still being among the most affordable puts Cloverdale condos in a sweet spot. Buyers looking for value in Surrey are going to find us on their shortlist. Rental demand backs that up too, with estimated monthly rent at $3,459 and an Airbnb rank of 19 in Surrey.

The bottom line - if you've been sitting on the fence, check your HonestDoor Price before you do anything else. The gap between what the city thinks your home is worth and what the market actually says might be the number that changes your plans.

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.