Grandview, Surrey - September 2026 Real Estate Report

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

The Vibe Right Now

If you've been watching the "For Sale" signs in Grandview, here's what's actually happening. The market is taking a breather - prices are dipping slightly - but our neighbourhood is still punching well above its weight compared to what the city has on file. The gap between the government's number and what homes are actually worth is significant, and that gap is money left on the table if you're not paying attention.

Houses: The Real Numbers

We had 2 house sales this month at an average of $762,500, which is down from last month. Don't panic - low volume months make averages swing hard, and 2 sales is not a trend. The number that actually matters for Grandview house owners is the HonestDoor Price: $1,561,027. That's the real-world predicted market value right now. Compare that to the city's average assessed value of $1,352,627, and you're looking at a gap of nearly $200,000. That's not a rounding error - that's a renovation budget.

• Average HonestDoor Price (Houses): $1,554,291
• Average City Assessment (Houses): $1,352,627
• HonestDoor Price is 14.91% higher than the assessed value
• Predicted market value: $1,561,027
• 3-month moving average: $1,566,207 (values are easing slightly)
• Price per square foot: $617
• Estimated monthly rent: $5,524 with a rental yield of 4.32%
• Growth rank: 20 out of 46 neighbourhoods - above average in Surrey
• Price rank: 27 out of 45 - room to grow relative to pricier pockets nearby

South Surrey next door is averaging $2,222,329 on the HonestDoor Price. That's the ceiling we're moving toward. Morgan Heights is sitting at $1,450,039 - we're already ahead of them. Grandview is in a solid middle position, and that's actually a good place to be for buyers and sellers alike.

Condos: A Smaller Market, But a Strong One

The condo side of Grandview is a tighter market - 1 sale this month at $785,000, with a price per square foot of $643. What stands out here is the price rank: 3 out of 27 comparable neighbourhoods in Surrey. That puts our condos among the most expensive in the city. If you own a condo in Grandview, you're sitting on a premium asset.

• Average HonestDoor Price (Condos): $454,218
• Average City Assessment (Condos): $405,808
• HonestDoor Price is 11.93% higher than the assessed value
• Predicted market value: $455,581
• 3-month moving average: $457,946 (also easing slightly)
• Price per square foot: $643
• Estimated monthly rent: $2,187 with a rental yield of 3.87%
• Growth rank: 19 out of 44 neighbourhoods - above average in Surrey
• Price rank: 3 out of 27 - among the most expensive condos in Surrey

For context, South Surrey condos are averaging $342,063 on the HonestDoor Price - cheaper than Grandview. Sunnyside comes in at $577,624. We're sitting in a strong spot, and the rental income potential of $2,187 a month makes these units attractive to investors too.

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

Here's the thing about your city assessment - it's a snapshot from the past. It gets updated once a year, uses broad strokes, and frankly, it's not designed to tell you what a buyer would pay today. The HonestDoor Price is updated in real time using actual sales data, market trends, and comparable properties. It's the number a serious buyer or their agent is going to be working from.

For Grandview houses, the HonestDoor Price runs nearly $200,000 higher than the city's assessed value. For condos, that gap is close to $50,000. If you're making any financial decision - refinancing, selling, even just figuring out your net worth - using the assessed value is like navigating with an old map. The HonestDoor Price is the real-world check you need right now.

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

Here's the straight talk for anyone considering listing in Grandview this summer. The market is not crashing - it's cooling slightly. The HonestDoor Price for houses has dipped 0.43% and the 3-month moving average is easing from $1,566,207 toward $1,561,027. That's a small move, not a cliff. But the direction does matter.

Grandview logged 33 property transactions in 2026 across 3,862 assessed properties. The total transaction rank in Surrey is 4 - meaning we're one of the most actively traded neighbourhoods in the city. Buyers are here. The demand is real.

If you're thinking about selling, the window this summer is still solid - but waiting for values to climb back up is a gamble right now. Listing while Grandview holds its top-4 transaction ranking in Surrey, and while the HonestDoor Price still sits well above the city's assessment, puts you in a strong position. A few months from now, that story could look different.

Bottom line: Grandview is not a neighbourhood in trouble. It's a neighbourhood taking a breath. And for sellers who move while it's still breathing strong, the numbers are on your side.

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.