Panorama Ridge, Surrey - August 2026 Real Estate Report

Panorama Ridge, Surrey: Your Home Is Worth More Than the City Thinks

If you have been glancing at your latest property assessment and feeling a little underwhelmed, here is the real number you should be looking at. The city says the average Panorama Ridge home is worth $1,957,134. The HonestDoor Price says $2,123,906. That is a gap of over $166,000 - and that gap matters when you are making decisions about selling, refinancing, or just figuring out where you actually stand.

The Vibe: What Is Happening With Houses and Condos Right Now

Let us break it down by property type, because the house and condo markets here are telling two different stories.

Houses - Holding Steady at the Top

Our houses are sitting at the premium end of the Surrey market. The HonestDoor Price for a Panorama Ridge house is $2,100,233, up from a 3-month moving average of $2,095,467. That is a slow and steady climb - not a spike, not a crash. Just quiet appreciation.

• Average HonestDoor Price: $2,123,906 - up 1.13% from last period
• Average assessed value: $1,957,134 - that is $166,772 below what the market is actually doing
• Average sale price (recent transactions): $810,000
• Price per square foot: $480
• Estimated monthly rent: $7,058 - $7,118
• Rental yield: 3.78%
• Airbnb potential: $354 per night - ranked 7th in all of Surrey
• Neighbourhood growth: -0.07% year over year - the market is taking a breather
• Growth rank: 21 out of 45 Surrey neighbourhoods - solidly above average
• Price rank: 41 out of 45 - one of the most premium-priced areas in Surrey

That price rank is worth pausing on. When we rank 41st out of 45 for price, it means we are near the top of the Surrey market. Our neighbours in West Newton South (HonestDoor Price $1,301,783) and West Newton ($1,530,252) are both cheaper and growing at a similar pace. Panorama Ridge commands a premium - and the data backs that up.

Condos - A Quieter Corner of the Market

The condo side of Panorama Ridge is a smaller slice of the picture, but it is worth knowing where things stand. The HonestDoor Price for condos here is $797,440, up 1.38% from the previous period. The predicted market value sits at $786,620, nudging up from a 3-month moving average of $784,900.

• Average HonestDoor Price: $797,440 - up 1.38%
• Estimated monthly rent: $3,562 - $3,586
• Rental yield: 3.27%
• Airbnb potential: $177 - $178 per night - ranked 14th in Surrey
• Recent price change: -0.84%
• Growth rank: 24 out of 44 Surrey neighbourhoods - below average for now

Condos here are pricier than nearby options. West Newton South condos average $590,675 and West Newton condos sit at $557,365. If you own a condo in Panorama Ridge, you are holding a premium asset - but the short-term price movement has dipped slightly. Not a red flag, just something to watch.

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. BC Assessment locks in values based on data from July 1 of the prior year. By the time that number lands in your mailbox, it is already months old.

The HonestDoor Price is updated in real time. It pulls from actual market activity, recent sales, and current trends. For Panorama Ridge houses, that means the HonestDoor Price is running 8.52% higher than the average assessed value right now. On a home assessed at $1,957,134, that 8.52% gap works out to roughly $166,000 sitting on the table - unaccounted for by the city's static number.

If you are using your assessment to make any financial decision - whether that is a home equity line of credit, a listing price conversation with an agent, or just a gut check on your net worth - you are working with an outdated figure. The HonestDoor Price is the real-world check against that.

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

Straight talk: Panorama Ridge is not a market on fire right now. There were only 2 property transactions recorded in 2026 so far, and neighbourhood growth dipped -0.07% year over year. But slow does not mean weak.

Here is what the numbers are actually telling a potential seller:

• You are sitting on a premium asset - price rank 41 out of 45 means buyers know Panorama Ridge commands top dollar in Surrey
• Your HonestDoor Price is $166,000 above what the city assessed - that is your real starting point for any listing conversation
• With 848 properties assessed and only 2 transactions so far this year, inventory is tight - which historically favours sellers
• Rental demand is strong at $7,118 per month estimated - if selling is not the move, holding and renting is a legitimate strategy with a 3.78% yield
• Airbnb ranks 7th in Surrey at $354 per night - short-term rental income is a real option for the right property

If you are on the fence about listing this summer, the case for moving sooner rather than later is this: the gap between your assessed value and your actual market value is wide right now. Buyers who do their homework will know it too. Price it right using the HonestDoor Price as your anchor, and you are starting the conversation from a position of strength.

Want to know your specific home's HonestDoor Price? Pull it up at HonestDoor.com - it takes about 30 seconds and it is free.

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.