Crescent, Surrey - September 2026 Real Estate Report

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

If you own a home in Crescent and you have not looked at your HonestDoor Price lately, here is the short version: the city's assessment is already behind. The real number is higher - and that gap matters if you are thinking about selling, refinancing, or just keeping score.

The Vibe: What Is Actually Happening in Crescent Right Now

Crescent is taking a breather. Neighbourhood growth is down 0.05% year over year, and values have nudged slightly lower in the short term. But let us be clear - this is not a crash. This is a high-value pocket of Surrey that is simply catching its breath after a strong run.

We had 6 property transactions recorded in 2026, with 1,683 properties assessed this year. That low transaction volume tells us inventory is tight. Sellers are not rushing for the exits, and buyers do not have a lot to choose from.

Houses: Still One of Surrey's Most Expensive Addresses

If you own a house in Crescent, you are sitting near the top of the Surrey price leaderboard. Here is the snapshot:

• Average sale price: $1,745,000
• Price per square foot: $558
• HonestDoor predicted market value: $1,977,332
• 3-month moving average: $1,980,139 (values are easing slightly)
• Estimated monthly rent: $6,723
• Rental yield: 3.74%
• Airbnb income potential: approximately $334 per month
• Recent value change: -0.12%
• Growth rank: 15 out of 46 neighbourhoods - that puts Crescent houses in the above-average tier in Surrey
• Price rank: 7 out of 45 - among the most expensive in the city

One house sold last month. That is a thin market, which cuts both ways. Less competition for sellers, but fewer data points to anchor a listing price. The HonestDoor Price of $1,977,332 is your best real-time read on where the market actually sits - not where it was when the city last ran its numbers.

Condos: A Smaller Market, But Holding Its Own

Condos in Crescent are a different story. The HonestDoor Price is $1,132,987 - up 0.98% from the previous period, which is the one bright spot in an otherwise flat picture. That said, the predicted market value of $1,122,040 is drifting below the 3-month moving average of $1,148,037, so the recent uptick has not fully stabilized yet.

• HonestDoor Price: $1,132,987 (up 0.98%)
• Predicted market value: $1,122,040
• 3-month moving average: $1,148,037
• Estimated monthly rent: $4,564
• Rental yield: 2.63%
• Airbnb income potential: approximately $227 per month
• Recent value change: -1.01%
• Growth rank: 26 out of 44 neighbourhoods - below average in Surrey right now
• Airbnb rank in Surrey: 4 - one of the top short-term rental spots in the city

That Airbnb rank of 4 in all of Surrey is worth paying attention to. If you own a condo here and are not thinking about short-term rental potential, you are leaving money on the table. At $228 per night, Crescent condos outperform most of their neighbours on that front.

How does Crescent stack up against the neighbours? Crescent Beach condos average $915,719. Elgin sits at $659,004. Rosemary Heights West comes in at $626,892. Crescent is the most expensive condo market in that group - by a wide margin.

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

Here is the thing about government assessments - they are a snapshot from the past. The city assessed the average Crescent home at $1,878,179. The HonestDoor Price says $1,964,970. That is an $86,791 gap, and it represents a 4.62% difference. That is not a rounding error. That is real money.

HonestDoor updates its pricing in real time using current market activity. The city's assessment does not move until the next cycle. If you are using your BC Assessment number to make decisions about selling, refinancing, or even just understanding your net worth, you are working with a number that is already out of date. The HonestDoor Price is the real-world check that tells you where the market is today - not where it was.

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

Here is the honest read for anyone thinking about listing this summer.

On the house side, you are ranked 7th most expensive in Surrey. That is a strong position. Values are softening slightly - down 0.12% recently and the moving average is easing - but you are not in freefall. With only 1 house sold last month, supply is thin. A well-priced listing does not have much competition right now. If you need to move, this summer is a reasonable window. If you can wait, watch the next 60 days closely.

On the condo side, the -1.01% recent value change and a below-average growth rank of 26 out of 44 suggest the market is softer. But your Airbnb rank of 4 in Surrey means there is real demand for this location. If you are selling a condo, lean into the lifestyle and short-term rental angle when you list. That is your edge over cheaper neighbourhoods nearby.

Bottom line - Crescent is not a neighbourhood in trouble. It is a premium address taking a short pause. Sellers who price accurately using the HonestDoor Price, not the city's stale assessment, will be the ones who move their properties. Everyone else will sit and wonder why the phone is not ringing.

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.