South Surrey, Surrey - September 2026 Real Estate Report

South Surrey Real Estate: Your Assessed Value Is Leaving Money on the Table

If you own a home in South Surrey and the last number you checked was your BC Assessment, you are almost certainly underselling yourself. Here is what is actually happening in the market right now.

The Vibe: What the Market Is Doing

Houses

We are in steady territory for houses here. The average sale price sits at $1,320,000 with a price per square foot of around $701. Only 3 homes sold recently, which is a thin slice of activity, but prices are holding firm. The bigger number to watch is the predicted market value of $2,247,893 - and that figure is creeping upward from the 3-month moving average of $2,243,489. That is not a dramatic surge, but it is moving in the right direction for sellers.

On the neighbourhood leaderboard, South Surrey houses rank 9 out of 46 neighbourhoods in Surrey for growth. That puts us in the top 20 percent. Price rank comes in at 13 out of 45 - solidly above average. This is not a neighbourhood that is quietly slipping.

• Average sale price: $1,320,000
• Price per square foot: $701
• Predicted market value: $2,247,893
• 3-month moving average: $2,243,489
• Estimated monthly rent: $7,388
• Rental yield: 3.69%
• Growth rank: 9 out of 46 in Surrey
• Price rank: 13 out of 45 in Surrey

Condos

The condo picture is a bit more nuanced. The average sale price is $570,000 at $535 per square foot. Only 1 condo sold recently, so we are working with a quiet month. The HonestDoor Price for condos has dipped 1.64 percent from the previous period, and the predicted market value of $347,776 is sitting just below the 3-month moving average of $351,503. That is a mild pullback - the market is taking a breather, not falling off a cliff.

The growth rank still tells a decent story though. South Surrey condos rank 9 out of 44 neighbourhoods in Surrey for growth - again, top 20 percent. Price rank is 9 out of 27, which puts us above average. Compared to nearby Sunnyside condos (average sale price $506,410), South Surrey is holding a premium. Rosemary Heights Business Park condos sold at $630,000, so there is a range in the area.

• Average sale price: $570,000
• Price per square foot: $535
• Predicted market value: $347,776
• 3-month moving average: $351,503
• Estimated monthly rent: $1,771
• Rental yield: 4.06%
• Growth rank: 9 out of 44 in Surrey
• Price rank: 9 out of 27 in Surrey

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

Here is the thing about BC Assessment numbers - they are a snapshot from July 1 of the previous year. By the time that letter hits your mailbox, the data is already stale. The market does not wait for government paperwork.

For houses in South Surrey, the average assessed value is $2,060,218. The average HonestDoor Price is $2,222,329. That is a gap of 7.87 percent - or roughly $162,000 that your assessment is not capturing. The HonestDoor Price updates in real time using actual market signals, not a once-a-year government estimate.

For condos, the gap is even wider. The average assessed value is $305,329. The HonestDoor Price is $342,063 - that is 12.03 percent higher. Your assessment is not lying to you, it is just behind. The HonestDoor Price is the real-world check that tells you what buyers are actually paying today.

With 2,694 house properties and 188 condo properties assessed in South Surrey this year, there is a solid base of data feeding these numbers. This is not a thin estimate - it is a well-supported figure.

The So What: Should You Sell This Summer?

If you are a house owner thinking about listing, the timing is not bad. Values are inching up, the neighbourhood ranks in the top 20 percent for growth in Surrey, and your real market value is likely sitting well above what your last assessment said. A house with a rental estimate of $7,321 per month also gives buyers a compelling income story if they are weighing their options.

For condo owners, be a little more patient. The predicted value is dipping slightly below its recent average, and transaction volume is thin right now. That does not mean panic - it means price it right from day one. Buyers in this segment are paying attention to value, and with nearby neighbourhoods like Rosemary Heights Business Park showing higher sale prices at $630,000, there is room to compete if you position well.

Either way, the first move is simple. Check your HonestDoor Price before you call an agent, set a list price, or make any decisions. It takes 30 seconds and it will give you a number that actually reflects today's market - not last July's.

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.