Cloverdale, Surrey - October 2026 Real Estate Report
Cloverdale, Surrey Real Talk: Your Home Is Worth More Than the City Thinks
The Vibe Right Now
If you've been watching the "For Sale" signs in Cloverdale, here's what's actually happening. The market is taking a breather - but it's not falling apart. The average HonestDoor Price for a house here sits at $1,384,376, which is $15,135 above what the city's assessment says your home is worth. That gap matters. A lot.
Only 15 house transactions happened in 2026 so far, and with 2,774 properties assessed in the neighbourhood, that's a thin slice of activity. Low volume means each sale carries more weight. One strong sale can move the needle. One weak one can too.
Houses vs. Condos - Two Very Different Stories
Houses: Steady, But Watch the Trend
The house side of Cloverdale is the more cautious story right now. Here's the snapshot:
- Average HonestDoor Price: $1,384,376
- Predicted market value: $1,394,841
- 3-month moving average: $1,411,569 - and the predicted value is sitting below that, which means prices are drifting down slightly
- Recent price change: -1.71%
- Average sale price (2026): $1,010,000
- Price per square foot: $807
- Estimated monthly rent: $5,232
- Rental yield: 4.24%
- Neighbourhood growth rank: 37 out of 41 in Surrey
That growth rank is the number to pay attention to. On the neighbourhood leaderboard, Cloverdale houses are sitting near the bottom - 37th out of 41 comparable areas. That doesn't mean your home isn't valuable. It means the growth momentum isn't here right now. If you're a seller, that's a reason to move sooner rather than later.
Compare us to nearby spots: North Cloverdale West has a predicted value of $1,397,645 - just a hair above Cloverdale houses. East Clayton West Extension and Surrey Centre are both cheaper. We're not the bargain bin, but we're not leading the pack either.
Condos: The Quiet Outperformer
Here's where it gets interesting. Cloverdale condos are doing something the houses aren't - they're actually climbing. Check this out:
- Average HonestDoor Price: $940,233
- Predicted market value: $942,760
- 3-month moving average: $924,031 - and the predicted value is above that, meaning momentum is building
- Recent price change: +4.06%
- Average sale price (2026): $326,250
- Price per square foot: $471
- Estimated monthly rent: $3,492
- Rental yield: 3.61%
- Neighbourhood growth rank: 5 out of 44 in Surrey
Fifth out of 44. That's a top-tier leaderboard position for condo growth in Surrey right now. The HonestDoor Price is also 95.30% higher than the city's average assessed value for condos here - which tells you the assessment is wildly out of date compared to what the market is actually doing.
There's one thing worth flagging: the average sale price of $326,250 is well below the HonestDoor predicted value of $942,760. With only 2 condo sales recorded, that gap likely reflects a very small and uneven sample. The HonestDoor Price uses a much broader data set, which makes it the more reliable number to anchor to.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't update when interest rates shift, when a new development gets approved down the street, or when buyer demand picks up in a specific pocket of Surrey. It's a static number doing a real-time job, and it's not built for that.
The HonestDoor Price is different. It pulls from current market activity, recent comparable sales, and live data signals to give you a real-world check on what your property is worth today - not what it was worth when the assessor last looked at it.
For Cloverdale houses, the HonestDoor Price is $1,384,376 - that's 1.11% above the city's average assessed value. For condos, the gap is enormous: the HonestDoor Price of $940,233 is 95.30% above the average assessed value. If a condo owner here is making decisions based on their assessment, they're working with a number that's basically half the story.
Check your HonestDoor Price now. Don't wait for next year's assessment to tell you something the market already knows.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Cloverdale and you've been sitting on the fence, the data is nudging you to get off it. Here's why:
- The predicted value of $1,394,841 is already below the 3-month moving average of $1,411,569 - the trend is softening
- Growth ranks 37th out of 41 neighbourhoods - we're not in a momentum market right now
- Neighbourhood growth is down 0.05% year over year
- Nearby areas like North Cloverdale West are cheaper and growing faster - buyers have options
Waiting for the market to "come back" is a gamble when the leaderboard says you're near the bottom. Summer inventory typically rises, which means more competition for sellers. If your plan is to sell, sooner beats later in this setup.
If you own a condo, the picture is brighter. A 4.06% recent price change and a top-5 growth rank in Surrey means you have some wind at your back. You're not in a rush - but you're also sitting on a strong position. Know your number before you make any moves.
Either way, the first step is the same: pull your HonestDoor Price, compare it to your assessment, and understand the real gap. That's the number your neighbour's buyer is going to be working with.
cloverdale | surrey | october 2026This 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.