Cloverdale, Surrey - September 2026 Real Estate Report

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

If you have been watching the "For Sale" signs in Cloverdale and wondering what is actually going on with prices, here is the straight answer. The market is taking a breather, but your home is still sitting above what the city has on paper - and that gap matters more than most people realize.

The Vibe: Houses vs. Condos in Cloverdale Right Now

Let's break down what we are actually seeing on the ground for the two main property types in our neighbourhood.

Houses

If you own a house in Cloverdale, the numbers tell a steady but cautious story. The average HonestDoor Price is sitting at $1,394,841. That is 1.87% above the city's average assessed value - meaning the city is already a little behind on what your place is actually worth in the real world. The recent change is a dip of 1.71%, so values are easing slightly, but we are not talking about a freefall here.

• Average HonestDoor Price: $1,394,841
• Average Assessed Value: $1,369,241
• Recent Price Change: -1.71%
• Predicted Market Value: $1,419,099
• Average Sale Price (2026): $1,020,000
• Price Per Square Foot: $935
• Estimated Monthly Rent: $5,293
• Rental Yield: 4.22%
• Transactions in 2026: 13
• Properties Assessed: 2,774

On the neighbourhood leaderboard, Cloverdale houses rank 15 out of 46 for growth in Surrey - that puts us in above-average territory. For price, we rank 23 out of 45, which lands us in the middle of the pack. We are not the cheapest option, but we are holding our own against nearby areas. North Cloverdale West, for example, has a predicted value of $1,358,228 - about $61,000 less than what Cloverdale houses are tracking at right now.

Condos

The condo story in Cloverdale is a bit more interesting - and honestly, a bit more complicated. The HonestDoor Price for condos is $942,760, which is up 4.06% from the previous period. That is a solid move in the right direction. But here is the number that will make you do a double-take: the average assessed value for condos is only $481,435. The HonestDoor Price is 95.82% higher than that assessment. That is not a rounding error - that is a massive gap between what the city has on file and what the market is actually saying.

• Average HonestDoor Price: $942,760
• Average Assessed Value: $481,435
• Recent Price Change: +4.06%
• Predicted Market Value: $905,939
• Average Sale Price (2026): $245,000
• Price Per Square Foot: $432
• Estimated Monthly Rent: $3,492
• Rental Yield: 3.62%
• Transactions in 2026: 12
• Properties Assessed: 699

On the leaderboard, condo growth ranks 33 out of 44 in Surrey - below average. And for price, condos here rank 25 out of 27, making Cloverdale one of the more affordable condo options in the city. If you are a buyer, that is worth paying attention to. If you are a seller, the 4.06% recent uptick is a green light worth watching closely.

The Secret Sauce: Why You Should Check Your HonestDoor Price Today

Here is the thing about your city assessment - it is a snapshot from the past. It does not update in real time, and it does not care what happened in the market last month. For Cloverdale condo owners, that gap between the assessed value ($481,435) and the HonestDoor Price ($942,760) is almost double. For house owners, the city is already $25,600 behind the real-world number.

The HonestDoor Price is the real-world check. It pulls from actual transaction data, current market signals, and live comparables - not a once-a-year government estimate. If you are making any financial decision based on your assessed value alone, you are working with old information. Check your HonestDoor Price now, not when the next assessment letter shows up in your mailbox.

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

Cloverdale is not a hot-and-frothy market right now - it is measured. Neighbourhood growth is down 0.05% year over year, and the 3-month moving average for house values ($1,419,246) is just barely ahead of the current predicted value ($1,419,099). That tells us the market is essentially flat at the top end. Waiting for a big run-up this summer is probably not the play.

What that means for sellers is simple: price it right from day one. With only 13 house transactions and 12 condo transactions recorded in 2026 so far, this is not a high-volume market. Buyers have options. A well-priced listing at or near the HonestDoor Price will stand out. An overpriced one will sit.

The rental numbers also give sellers a useful backup story. A house here can pull $5,232 per month in estimated rent and $260 per night on Airbnb. If a buyer is on the fence, those income numbers can close the deal. Use them.

Bottom line - Cloverdale is a solid, established neighbourhood holding its value in a market that is taking a breather across the board. If you are thinking about selling, this summer is workable. Just go in with current data, not last year's assessment.

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.