Crescents, Prince George - August 2026 Real Estate Report

Crescents, Prince George: Your Home Is Worth More Than the City Thinks

If you own a place in Crescents and you have not checked your actual market value lately, here is the short version - the city's assessment is running behind. The real numbers tell a more interesting story.

The Vibe: What Is Actually Happening in Crescents Right Now

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

Houses in Crescents

The average assessed value on a Crescents house sits at $408,695. But the average HonestDoor Price - which tracks real-world market movement, not a once-a-year government snapshot - comes in at $442,043. That is a gap of over $33,000. The city's number is already behind before the ink dries.

That said, we should be straight with you. Values are taking a breather. The HonestDoor Price is down 0.12% from the previous period, and the 3-month moving average of $452,866 is sitting above the current predicted value of $442,972. That tells us prices have softened a little in the short term. The recent change clocks in at -3.32%.

On the neighbourhood leaderboard, Crescents houses rank 26 out of 31 neighbourhoods in Prince George for growth. That puts us in the bottom tier right now. Year-over-year neighbourhood growth declined 0.02%. Not a freefall - but not a climb either.

• Average Assessed Value: $408,695
• Average HonestDoor Price: $442,043 (8.16% above assessed)
• Predicted Market Value: $442,972
• 3-Month Moving Average: $452,866
• Recent Value Change: -3.32%
• Estimated Monthly Rent: $2,225 - $2,229
• Rental Yield: 5.74% (strong)
• Airbnb Estimate: $110 - $111 per night
• Airbnb Rank in Prince George: 21
• Assessed Value Rank in Prince George: 19
• Growth Rank: 26 out of 31
• Total Properties Assessed: 854

The rental yield of 5.74% is genuinely solid. If you are an investor or thinking about renting your place out, Crescents houses are pulling their weight on that front.

Condos in Crescents

Condos in Crescents are a different conversation. The average HonestDoor Price is $557,531, and the predicted market value comes in even higher at $603,385. But here is the flag - condo values dropped 7.60% from the previous period, and the 3-month moving average of $627,576 is well above where things sit today. That is a notable pullback.

On the leaderboard, Crescents condos rank 22 out of 28 neighbourhoods in Prince George for growth - below average, but not last. The recent value change is a modest positive at 0.95%, which hints the steepest part of the drop may be levelling off.

• Average HonestDoor Price: $557,531
• Predicted Market Value: $603,385
• 3-Month Moving Average: $627,576
• Recent Value Change: +0.95%
• Estimated Monthly Rent: $2,649 - $2,749
• Rental Yield: 3.69% (moderate)
• Airbnb Estimate: $131 - $137 per night
• Airbnb Rank in Prince George: 8 (top tier)
• Growth Rank: 22 out of 28

That Airbnb rank of 8 in Prince George is worth noting. If short-term rental income is part of your plan, Crescents condos are one of the better-positioned spots in the city for it.

How Does Crescents Stack Up Against the Neighbours?

For houses, East Central Fort George is the cheaper option nearby, with an HonestDoor Price of $428,745 and slower growth at -0.04%. Downtown is in a completely different price bracket at $703,723. Cnr Industrial sits at $621,728 but growth data is not available there.

For condos, the gap is even wider. Downtown condos are averaging $1,265,821 on HonestDoor. Cnr Industrial sits at $877,425. East Central Fort George is the budget option at $345,956. Crescents at $557,531 sits in the middle of the pack - not the cheapest, not the priciest.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is the thing about your BC Assessment number - it is a snapshot from months ago, built on sales data that is even older than that. It does not know what happened on your street last month. It does not adjust for the short-term softening we are seeing right now.

The HonestDoor Price is a live estimate. It moves with the market. For Crescents houses, it is already showing a value $33,000 higher than what the city has on file - that is 8.16% more. For a homeowner, that gap is not just a number. It is the difference between pricing your home right and leaving money on the table, or overpaying on a purchase because you trusted a stale figure.

Check your HonestDoor Price before you make any move. It is the real-world check your assessment cannot give you.

The So What - Thinking About Selling This Summer?

If you are a house owner in Crescents and you are eyeing a summer sale, the honest read is this - the market is softer than it was three months ago. The 3-month moving average of $452,866 is above today's predicted value of $442,972, which means prices have slid a bit. Growth ranks 26 out of 31 in the city. That is not a reason to panic, but it is a reason to price sharp and not get greedy.

The good news is your home is still worth meaningfully more than the city says it is. Use that HonestDoor Price as your anchor, not the assessment. And with a rental yield of 5.74%, if the sale timeline does not work out, holding and renting is a genuinely decent backup plan.

For condo owners, the 7.60% drop in HonestDoor Price is the headline you need to sit with. If you were thinking about selling, sooner is probably better than waiting to see if values recover. That Airbnb rank of 8 in the city does give your unit some extra appeal if you are marketing to investors - lean into that.

Bottom line for Crescents - know your real number, price it honestly, and do not let an outdated assessment set your expectations. The market will tell you the truth either way. Better to hear it from HonestDoor first.

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.