Cloverdale, Surrey - July 2026 Real Estate Report

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

The Vibe Right Now

If you own a home in Cloverdale and you have not looked at your HonestDoor Price lately, here is the short version: the city's assessment is already behind. The average assessed value sits at $1,369,241, but the average HonestDoor Price is $1,420,766. That is a $51,525 gap - and it matters more than most people realize.

Neighbourhood growth is down a modest 0.05% year over year, so yes, the market is taking a breather. But with 2,774 properties assessed and 10 transactions recorded in 2026 so far, Cloverdale is still moving. It is not a ghost town - it is a neighbourhood catching its breath before the next push.

Houses: Steady, Not Spectacular

Here is what is actually happening with houses in Cloverdale right now. The average sale price is $1,160,750, essentially flat from last month. Four homes sold. Price per square foot is sitting at $679. None of that sounds flashy, but steady is not a bad thing when other Surrey neighbourhoods are sliding harder.

• Average sale price: $1,160,750
• Price per square foot: $679
• Properties sold in 2026: 4
• HonestDoor predicted value: $1,417,873
• 3-month moving average: $1,409,414 - the trend is pointing up
• Estimated monthly rent: $5,289
• Rental yield: 4.22%
• Growth rank: 26 out of 41 Surrey neighbourhoods
• Price rank: 23 out of 45 Surrey neighbourhoods

The predicted value of $1,417,873 is creeping above the 3-month moving average of $1,409,414. That is a quiet signal that house values here are nudging upward, not falling. We are sitting in the middle of the Surrey leaderboard on growth - not leading the pack, but not at the back either. And we are beating nearby North Cloverdale West on predicted value, where houses are coming in at $1,344,158.

Condos: A Complicated Picture

The condo story in Cloverdale is the one worth watching closely - and honestly, it is a bit of a mixed bag for us right now.

• Average sale price: $470,000 - up 14.6% from last month
• Price per square foot: $480
• Properties sold in 2026: 1
• HonestDoor predicted value: $901,483
• 3-month moving average: $912,549 - the trend is pointing down
• Estimated monthly rent: $3,435
• Rental yield: 3.62%
• Growth rank: 39 out of 42 Surrey neighbourhoods
• Price rank: 21 out of 26 Surrey neighbourhoods

That 14.6% jump in average sale price sounds exciting, but one sale does not make a trend. With the predicted value now dipping below the 3-month moving average and a growth rank of 39 out of 42, condos in Cloverdale are among the bottom performers in Surrey right now. If you own a condo here, this is not a panic moment - but it is a "pay attention" moment. East Clayton West Extension condos are selling at $525,000 on average, which is actually higher than what we are seeing here.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment - it is a snapshot from the past. It gets updated once a year, uses sale data that can be months or even a year old, and it does not know what your neighbour's reno did to the street's value last spring.

The HonestDoor Price updates in real time. For houses in Cloverdale, it is coming in 3.76% above the average assessed value. For condos, the gap is even more striking - the HonestDoor Price of $923,395 is 91.80% higher than the average assessed value of $481,435. That is not a rounding error. That is a fundamentally different picture of what the market actually thinks your property is worth today.

If you are making any decision - selling, refinancing, or just figuring out where you stand - use the HonestDoor Price as your real-world check. The assessment is what the city uses for tax purposes. The HonestDoor Price is what buyers are actually paying attention to.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house owners in Cloverdale, the timing is not bad. Values are holding, the predicted price is trending above the 3-month average, and you are sitting above comparable spots like North Cloverdale West on price. With rental income potential at $5,289 a month and an Airbnb estimate of $263 a night, buyers who are running the numbers will see Cloverdale houses as a legitimate income play - not just a place to live. That gives you a real selling story beyond just square footage.

For condo owners, be honest with yourself about the data. Growth is ranked near the bottom of Surrey right now, and the predicted value is sliding below its own 3-month average. That does not mean you cannot sell - it means you need to price sharp and market smart. One well-priced listing in a thin market can still move fast. But overpricing a Cloverdale condo this summer, hoping for a bidding war, is a risky bet.

Bottom line: Cloverdale is not the hottest neighbourhood on the Surrey leaderboard right now, but it is far from the coldest. Houses here have a real value story to tell. Check your HonestDoor Price, know your number, and go in with your eyes open.

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.