Strawberry Hill, Surrey - August 2026 Real Estate Report

Strawberry Hill, Surrey: Your Home Is Worth More Than the City Thinks

If you have been glancing at your latest property assessment and wondering if that number is actually what your place is worth - it is not. The city's assessment is a snapshot from the past. The real picture in Strawberry Hill right now is a bit more interesting, and a bit more nuanced.

The Vibe: What Is Actually Happening on Our Streets

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

Houses

If you own a house in Strawberry Hill, the city has you pegged at an average assessed value of $1,148,454. But the HonestDoor Price - which pulls from real-time market signals, not last year's data - puts the average at $1,188,151. That is a $39,697 gap. The city is undervaluing our houses by about 3.46%.

• Average assessed value: $1,148,454
• Average HonestDoor Price: $1,188,151
• Recent average sale price: $1,159,000 (up 15.6% from last month)
• Price per square foot: $537
• Estimated monthly rent: $4,669
• Airbnb potential: $232 per night
• Transactions in 2026: 14
• Properties assessed this year: 3,922

Sales volume is thin right now - only 2 houses sold this month, down 50% from last month. But here is the thing: the average sale price jumped to $1,159,000. Low volume with a higher price tag usually means sellers who do list are not giving anything away. The predicted market value sits at $1,190,843, which is just slightly off the 3-month moving average of $1,191,786. The market is not crashing - it is taking a breather.

On the neighbourhood leaderboard, our house growth ranks 42 out of 45 Surrey neighbourhoods. That is a bottom-tier position for growth right now. Price rank is 27 out of 45, which puts us below the Surrey average on price. We are not leading the pack, but we are not the cheapest option either.

Condos

The condo story is where Strawberry Hill actually punches above its weight. The city's average assessed value for condos is $509,194. The HonestDoor Price says $549,759 - a gap of over $40,000, or 7.97% above the assessed value. That is a bigger undervaluation than what we see on the house side.

• Average assessed value: $509,194
• Average HonestDoor Price: $549,759
• Recent average sale price: $525,000 (up 39.4% from last month)
• Price per square foot: $655
• Estimated monthly rent: $2,660
• Airbnb potential: $132 per night
• Transactions in 2026: 16
• Properties assessed this year: 1,934

Only 1 condo sold this month, so take the 39.4% monthly price jump with a grain of salt - one sale can swing the average hard when volume is that low. Still, at $525,000, our condos are already beating nearby West Newton North, where condos are selling at $476,000. The predicted market value of $550,586 is slightly below the 3-month moving average of $553,652, so there is a mild softening trend to watch.

Condo growth ranks 29 out of 44 Surrey neighbourhoods - below average, but not at the bottom. Price rank is 20 out of 27 in its category, which also puts us below the Surrey average on price. Rental yield comes in at 3.80%, which is a moderate return for investors.

The Secret Sauce: Why You Should Check Your HonestDoor Price Today

Here is the honest truth about property assessments in BC. The BC Assessment number on your tax notice is based on market conditions from July 1 of the previous year. By the time it lands in your mailbox, it is already six to twelve months out of date. A lot can change in that window.

The HonestDoor Price is updated continuously using current sales data, market trends, and real-time signals. For Strawberry Hill homeowners, that difference is not trivial. On houses, we are talking about a $39,697 gap. On condos, it is over $40,000. If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the city's stale number is like navigating with an old map.

Your HonestDoor Price is the real-world check. Pull it up at HonestDoor.com and see where you actually stand.

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

If you are a homeowner in Strawberry Hill weighing a summer sale, here is the straight talk.

The market is quiet on volume. Fourteen house transactions and sixteen condo transactions for all of 2026 so far tells you this is not a frenzy. But quiet volume cuts both ways. Fewer listings mean less competition for your property. Buyers who are active right now are serious - they are not just browsing.

Growth is lagging compared to the rest of Surrey, ranking near the bottom of the neighbourhood leaderboard for houses. That means if you are waiting for a big price surge to time your exit, the data is not supporting that bet right now. Selling into a stable, slightly softening market with low competition from other sellers may actually be a smarter move than waiting.

Nearby neighbourhoods like West Newton North (HonestDoor Price $1,390,042 for houses) and Delta ($1,341,045) are priced higher than us. That can work in your favour - buyers priced out of those areas may look at Strawberry Hill as the more accessible option, which keeps demand steady.

Bottom line: do not price off your assessment. Get your HonestDoor Price, talk to a local agent who knows this pocket of Surrey, and make your move with real numbers in hand.

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.