Crescents, Prince George - September 2026 Real Estate Report

Crescents, Prince George: Your Home Is Worth More Than The City Thinks - But The Market Is Taking A Breather

The Vibe Right Now

If you've been watching the "For Sale" signs in Crescents lately, here's what's actually happening. The market has cooled off a bit, but your property is still sitting above what the city has on paper. That gap matters more than most people realize.

Houses: Steady, But Slowing Down

The average house in Crescents carries an assessed value of $408,556. But the average HonestDoor Price tells a different story - $427,902. That's 4.74% more than what the city has on the books. The catch? That HonestDoor Price has dipped 3.20% from the last period, and the 3-month moving average sits at $447,726, which is higher than where we are right now at $442,043. The direction is down, not up.

• Average Assessed Value: $408,556
• Average HonestDoor Price: $427,902 (down 3.20%)
• Predicted Market Value: $442,043
• 3-Month Moving Average: $447,726
• Recent Price Change: -0.21%
• Average Rental Estimate: $2,164/month
• Rental Yield: 5.74% - that is a strong return
• Airbnb Estimate: $107/night
• Properties Assessed: 855
• Neighbourhood Growth: -0.02% year over year
• Growth Rank: 24 out of 31 neighbourhoods in Prince George

That growth rank is the number to pay attention to. On the Prince George neighbourhood leaderboard, Crescents houses sit at 24th out of 31. Below average. Not a crisis, but not a bragging point either. If someone tries to tell you Crescents is on fire right now, show them that number.

The rental story is genuinely good though. A 5.74% rental yield on a house is solid. If you are holding a property here as an investment, the income side of the equation is working in your favour even if the appreciation side has gone quiet.

Condos: A Wild Swing - And Then A Drop

Condos in Crescents are a more complicated picture. The average HonestDoor Price jumped 21.88% to $679,540. That sounds incredible. But the predicted market value right now is $557,531, and the 3-month moving average is $586,207. Values have changed by -7.60% recently. So what we are seeing is a big run-up followed by a sharp pullback.

• Average HonestDoor Price: $679,540 (up 21.88% from previous period)
• Predicted Market Value: $557,531
• 3-Month Moving Average: $586,207
• Recent Price Change: -7.60%
• Average Rental Estimate: $2,923/month
• Rental Yield: 3.76% - moderate
• Airbnb Estimate: $145/night
• Growth Rank: 26 out of 30 neighbourhoods in Prince George

That 26th out of 30 ranking puts Crescents condos among the bottom performers on the Prince George leaderboard right now. The Airbnb rank of 8th in the city is a bright spot - short-term rental demand is real here. But if you own a condo and were hoping to ride that 21.88% wave, the window may have already started closing.

How Does Crescents Stack Up Against The Neighbours?

Here is a quick reality check on what is happening around us.

• East Central Fort George - HonestDoor Price $427,403, Rental $2,167, Growth -0.04%. Cheaper than Crescents and growing even slower. We are doing better than our neighbour to the east.
• Downtown - HonestDoor Price $715,305, Rental $3,110, Growth -0.02%. Much higher priced and growing at the same pace as us. If you want Downtown prices, you pay a significant premium.
• Cnr Industrial - HonestDoor Price $630,558, Rental $2,932. No growth data available. Higher priced than Crescents across the board.

The takeaway? Crescents is not the cheapest option and not the most expensive. It sits in the middle of the pack, which is actually a reasonable place to be if you are thinking about who your buyer pool is.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here is the thing about your city assessment. It is a snapshot from the past. The government looks at sale data from a specific window, runs its numbers, and mails you a piece of paper. By the time you read it, the market has already moved.

The HonestDoor Price is updated in real time using current sales data. For houses in Crescents, that means the real-world number is $427,902 - roughly $19,000 more than what the city assessed. That gap is not small. If you are making any financial decision based on your assessed value alone - whether that is refinancing, selling, or just understanding your net worth - you are working with stale information.

Right now, with prices dipping and the market taking a breather, knowing your actual current value is more important than ever. The HonestDoor Price gives you that real-world check before you make a move.

So What Does This Mean If You Are Thinking About Selling This Summer?

Straight talk: this is not a seller's market the way it was a couple of years ago. Prices are sliding, not climbing. The 3-month moving average on houses is higher than where values sit today. That trend is not your friend if you are waiting for a higher number.

That said, here is the honest case for selling now rather than waiting.

• Your HonestDoor Price is still above the city assessment. You have room to price competitively and still come out ahead of what most buyers expect to pay based on public records.
• Summer brings more buyers to the market. More eyes on your listing means more competition, even in a slower market.
• If prices continue to slide through the fall, waiting could cost you more than the seasonal bump gains you.
• For condo owners specifically - the recent -7.60% shift is a signal worth taking seriously. A conversation with your agent about timing makes sense right now.

The bottom line for Crescents homeowners: you are not in a panic situation, but you are not in a "sit back and watch it appreciate" situation either. Get your HonestDoor Price, compare it to your assessed value, and make a decision based on real numbers - not last year's tax notice.

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.