South Surrey, Surrey - October 2026 Real Estate Report
South Surrey Real Talk: Your Home Is Worth More Than the City Thinks
If you own a home in South Surrey and you have not looked at your HonestDoor Price lately, you are probably sitting on more equity than your last tax assessment is telling you. Here is what is actually happening on the ground right now.
The Vibe: Houses vs. Condos
Let us start with houses, because that is where the real story is for most of us in South Surrey.
- Average sale price for houses: $1,745,000
- Price per square foot: $702
- Predicted market value: $2,235,440
- Estimated monthly rent: $7,355
- Rental yield: 3.70%
- Recent value change: -0.55%
- Growth rank: 8 out of 41 neighbourhoods in Surrey
- Price rank: 8 out of 45 neighbourhoods in Surrey
Houses here are holding strong. Yes, values dipped a slight 0.55% recently, and the predicted market value of $2,235,440 is just a hair below the 3-month moving average of $2,243,008 - so the market is taking a breather, not falling off a cliff. We are still sitting in the top 20% of Surrey neighbourhoods for both price and growth. That is a solid position heading into summer.
Now for condos. The picture is a bit different, and we should be honest about it.
- Average sale price for condos: $570,000
- Price per square foot: $535
- Predicted market value: $342,063
- Estimated monthly rent: $1,741
- Rental yield: 4.07%
- Recent value change: -1.64%
- Growth rank: 39 out of 44 neighbourhoods in Surrey
- Price rank: 9 out of 27 neighbourhoods in Surrey
Condos in South Surrey are near the bottom of the neighbourhood leaderboard for growth right now - ranked 39 out of 44. Values have slipped 1.64% recently, and the predicted value of $342,063 is trending below the 3-month moving average of $345,052. The silver lining? We are still above average on price, and that 4.07% rental yield is decent for investors who are playing the long game. But if you own a condo here and are thinking about selling, timing matters more than it does for house owners right now.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of last year. The market has moved since then, and in South Surrey, it has moved in your favour - at least for houses.
The average assessed value for a house here is $2,060,218. The average HonestDoor Price is $2,222,329. That is a gap of 7.87%. In real money, that is over $162,000 in equity that your tax assessment is not capturing. The HonestDoor Price updates in real time using actual sales data, so it reflects what a buyer would pay today - not what the city calculated 12 months ago.
For condos, the gap is even wider. The average assessed value is $305,329, but the HonestDoor Price sits at $337,612 - that is 10.57% higher. Even with the recent dip in condo values, the real-world number is still well ahead of what the government has on file.
Bottom line: if you are making any financial decision based on your assessed value alone, you are working with old information.
The So What: Should You Sell in South Surrey This Summer?
If you own a house in South Surrey, the case for selling this summer is real. You are in a top-tier price bracket for Surrey, rental demand is strong at $7,355 per month estimated, and with 2,694 properties assessed and only 5 transactions recorded in 2026 so far, inventory is tight. Tight inventory generally keeps prices from dropping hard.
Nearby, Rosemary Heights Business Park houses are averaging an HonestDoor Price of $1,094,726 and Sunnyside is at $1,154,291. South Surrey houses at $2,222,329 are in a different league. Buyers who want this area know it, and they pay for it.
If you own a condo, the honest advice is to watch the next 60 days closely. The growth rank of 39 out of 44 is a yellow flag, not a red one - but it does mean you are not in a rush-to-buy market right now. If you need to sell, price it sharp. The average sale price of $570,000 is still beating nearby Rosemary Heights Business Park ($527,500) and Sunnyside ($520,650), so South Surrey condos carry a premium. Use that while it holds.
Either way, pull your HonestDoor Price before you call an agent. Know your real number first.
south surrey | surrey | october 2026This 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.