Grandview, Surrey - August 2026 Real Estate Report

Grandview, Surrey: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been glancing at your latest property assessment and thinking "that doesn't feel right," you're onto something. The numbers coming out of Grandview right now tell a story that the city's paperwork is missing by a wide margin. Here's the real picture.

The Vibe: What's Actually Happening in Grandview

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

Houses: Steady, But Taking a Breather

We've got 3,862 properties assessed in Grandview this year, and the average sale price for houses is sitting at $1,095,625, with a price per square foot around $536. Four houses sold last month - volume is quiet, but that's not unusual for a neighbourhood where people tend to put down roots.

• Average assessed value: $1,352,627
• Average HonestDoor Price: $1,561,027
• Predicted market value: $1,565,210
• 3-month moving average: $1,566,854
• Estimated monthly rent: $5,538
• Rental yield: 4.31%
• Recent price change: -0.46%
• Neighbourhood growth rank: 39 out of 45 in Surrey
• Total transaction rank in Surrey: 3rd

That growth rank of 39 out of 45 means we're near the bottom of the Surrey leaderboard for price momentum right now. No sugarcoating it - Grandview houses are taking a breather. Values have dipped 0.46% recently, and the predicted value is slightly below the 3-month moving average. That said, 24 property transactions in 2026 and a 3rd-place ranking in total transactions across Surrey tells us people are still buying and selling here. Activity is real.

The rental story is solid. At $5,538 per month estimated rent and a 4.31% yield, a Grandview house as an investment property delivers moderate but dependable returns. That's not flashy, but it's real money.

Condos: Small in Volume, Big in Price Rank

The condo side of Grandview is a different animal. Only 239 condo properties assessed, and just one sold last month. But here's the number that should turn heads - our condos rank 2nd out of 27 comparable Surrey neighbourhoods on price. Second. That means we're sitting near the top of the condo price leaderboard in this city.

• Average assessed value: $405,808
• Average HonestDoor Price: $455,581
• Average sale price: $785,000
• Price per square foot: $643
• Predicted market value: $456,397
• 3-month moving average: $459,266
• Estimated monthly rent: $2,188
• Rental yield: 3.87%
• Recent price change: -1.18%
• Growth rank: 30 out of 44 in Surrey

Values have slipped 1.18% recently, and the predicted value is running below the 3-month moving average of $459,266. Growth ranks 30 out of 44 - below average on the Surrey leaderboard. But the price rank of 2nd out of 27 means buyers are paying a premium to be here. That premium doesn't disappear overnight.

One quick comparison worth noting - our average condo sale price of $785,000 is nearly in line with Morgan Heights at $790,000. We're running in the same league as one of Surrey's pricier condo markets.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't update in real time, and it doesn't reflect what a buyer would actually put on the table today.

For Grandview houses, the average assessed value is $1,352,627. The average HonestDoor Price is $1,561,027. That's a gap of roughly $208,400 - or 15.41% more than what the city has on file. For condos, the assessed value averages $405,808, while the HonestDoor Price comes in at $455,581 - a 12.27% difference.

That gap is not a rounding error. It's real money that a static government assessment leaves on the table. The HonestDoor Price pulls in current market signals, recent sales, and live data to give you a number that reflects today - not last year. If you're making any financial decision tied to your home's value, that's the number you want in your hand first.

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

If selling is on your radar, here's the honest read on where Grandview sits heading into summer.

The market is not running hot right now. Growth is slow, values have dipped slightly, and transaction volume is modest. But "slow" is not the same as "bad." Here's why selling this summer still makes sense for the right Grandview homeowner.

• Your HonestDoor Price is 15.41% above your assessed value for houses - meaning buyers see more value here than the city does
• Grandview ranks 3rd in Surrey for total transactions - real buyers are active in this neighbourhood
• South Surrey next door is averaging $2,222,329 on houses - Grandview looks like relative value to buyers priced out of that market
• Rental demand is strong - a $5,524 monthly rental estimate means buyers who can't find a deal elsewhere will look at Grandview as an income property
• Condo sellers have a price rank of 2nd out of 27 in Surrey - if you're listing a condo, you're in a premium position

The bottom line - if you price to the HonestDoor number and not the assessed value, you're starting the conversation in the right place. Buyers doing their homework will see the same data. Get ahead of it before the fall market resets the board.

Want to know your specific HonestDoor Price? Pull it up at HonestDoor.com. It takes about 30 seconds and it's the most current read on what your Grandview home is actually worth today.

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.