Crescent, Surrey - August 2026 Real Estate Report

Crescent, 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 it tells the whole story - it doesn't. The average assessed value in Crescent sits at $1,878,179, but the average HonestDoor Price is $1,977,332. That's nearly $100,000 more than what the city has on file. For homeowners here, that gap matters.

The Vibe: What's Actually Happening in Crescent Right Now

Let's break it down by property type, because houses and condos are telling two very different stories right now.

Houses - Still One of Surrey's Priciest Spots

We sit at rank 6 out of 45 neighbourhoods for price in Surrey. That means Crescent houses are among the most expensive in the city - full stop. The average sale price is sitting at $1,745,000, with a price per square foot around $558. The predicted market value for houses is $1,979,612, which is nudging up from the 3-month moving average of $1,973,690. That's a small but positive signal.

• Average HonestDoor Price (Houses): $1,977,332
• Average Sale Price: $1,745,000
• Price Per Square Foot: $558
• Predicted Market Value: $1,979,612
• 3-Month Moving Average: $1,973,690
• Estimated Monthly Rent: $6,728
• Rental Yield: 3.73%
• Airbnb Potential: $334 per night (Rank 10 in Surrey)
• Transactions in 2026: 6
• Growth Rank: 32 out of 45 (below average)

On the neighbourhood leaderboard, our growth rank of 32 out of 45 means we're not leading the pack right now. The market is taking a breather. Values dipped 0.19% recently and neighbourhood growth is down 0.05% year over year. But when your price rank is 6th in the entire city, "taking a breather" looks a lot different than it does in cheaper areas.

How do we stack up against the neighbours? Crescent Beach (HD Price $2,015,493) is slightly pricier and growing a touch slower. Elgin (HD Price $2,235,568) is more expensive and growing at a similar pace. Mud Bay ($1,284,533) is significantly cheaper. We're in solid company at the top end of the market.

Condos - A Tougher Picture

We'll be straight with you here. The condo side of Crescent is under more pressure. The average HonestDoor Price for condos is $1,122,040, but it's dropped 1.01% from the previous period. The predicted market value of $1,133,480 is actually sliding below the 3-month moving average of $1,148,788. Values have shifted -4.64% recently, and on the neighbourhood growth leaderboard, condos here rank 44 out of 44. Dead last in Surrey.

• Average HonestDoor Price (Condos): $1,122,040
• Predicted Market Value: $1,133,480
• 3-Month Moving Average: $1,148,788
• Estimated Monthly Rent: $4,594
• Rental Yield: 2.62%
• Airbnb Potential: $227 per night (Rank 4 in Surrey)
• Recent Value Change: -4.64%
• Growth Rank: 44 out of 44

The one bright spot for condo owners? Airbnb rank is 4th in all of Surrey. If you're running a short-term rental, Crescent still pulls strong nightly rates compared to most of the city. But if you're holding a condo as a long-term investment, the numbers right now deserve a hard look.

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 the market moves, and it doesn't reflect what a buyer would actually pay you today. The HonestDoor Price is a real-time estimate built from current sales data, market trends, and what's actually happening on the ground right now.

In Crescent, the HonestDoor Price for houses runs 5.28% higher than the average assessed value. On a home worth nearly $2 million, that gap is roughly $99,000. If you're making any financial decision - refinancing, selling, estate planning - using the city's number means you're working with outdated information. The HonestDoor Price is your real-world check.

With 1,683 properties assessed in the neighbourhood, there's a lot of money sitting in Crescent real estate. Knowing your actual number - not the government's stale one - puts you in a stronger position no matter what you decide to do next.

The So What: Should You Sell in Crescent This Summer?

If you own a house in Crescent and you've been sitting on the fence, here's the honest read. Prices are high - top 6 in Surrey. The predicted value is ticking up from the 3-month average. But growth is ranked 32nd, and the broader market is soft. You're not in a runaway seller's market, but you're also not in a distressed one.

Selling this summer means you're listing one of the most expensive property types in one of Surrey's pricier neighbourhoods. Serious buyers exist for that. The window is open - but it's not wide open. Pricing it right from day one matters more than ever when transaction volume is low (6 sales in 2026 so far).

If you own a condo in Crescent, the calculus is different. Values are sliding and growth is at the bottom of the Surrey leaderboard. Waiting for a rebound is a gamble right now. If selling is on your radar, getting a current HonestDoor Price and talking to a local agent sooner rather than later is the smarter move.

Either way - house or condo - start with your HonestDoor Price. It's the most current number you've got, and in a market like this, current is everything.

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.