Surrey, Surrey - July 2026 Real Estate Report

Surrey Real Estate Right Now: Your Neighbour Isn't Telling You This

If you own a home in Surrey and you're still looking at your city tax assessment to figure out what your place is worth, you're working with old information. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos in Surrey

The two markets here are telling very different stories, and if you own either one, the details matter.

Houses: We're in a steady-but-slow stretch. The average sale price for houses sits at $1,036,600, with price per square foot around $643. Only 3 houses sold recently, which is a thin number - but it's holding steady from last month. The predicted market value is $1,459,947, which is actually ticking up past the 3-month moving average of $1,454,911. So while volume is quiet, values aren't falling apart. Neighbourhood growth is down 0.04% year over year, and on the Surrey leaderboard, houses here rank 30 out of 41 for growth and 27 out of 45 for price. That puts us in below-average territory for both - honest, but not alarming.

Condos: This is where things get interesting for us. Condos are quietly outperforming. The predicted market value is $648,312, up from a 3-month moving average of $630,746 - that's real upward movement. Property values have shifted 3.30% recently, and that earns Surrey condos a growth rank of 3 out of 42 neighbourhoods in Surrey. That's top-tier. Price rank sits at 6 out of 26 - above average. The average sale price is $575,000 at $531 per square foot, and even that beats nearby East Panorama Ridge condos, which are selling at $507,000.

• House predicted market value: $1,459,947
• House average sale price: $1,036,600
• House price per sq ft: $643
• House rental yield: 4.35%
• House estimated rent: $5,313/month
• Condo predicted market value: $648,312
• Condo average sale price: $575,000
• Condo price per sq ft: $531
• Condo rental yield: 3.55%
• Condo estimated rent: $3,082/month

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the new park down the street. It's a tax tool, not a market tool.

The average assessed value for a Surrey house is $1,385,981. The average HonestDoor Price is $1,456,377. That's a gap of over $70,000 - and that gap is money you could be leaving on the table if you price off the assessment alone. The HonestDoor Price pulls from real-time market signals and updates continuously. It's the real-world check your assessment will never give you.

Yes, the HonestDoor Price for houses has dipped 0.20% from the previous period. For condos, it's down 1.42%. The market is taking a breather. But "taking a breather" and "dropping" are not the same thing. Knowing the difference is exactly why you check your HonestDoor Price now, not six months from now when the assessment rolls in.

• Average assessed value (houses): $1,385,981
• Average HonestDoor Price (houses): $1,456,377 - that's 5.08% higher than the assessment
• HonestDoor Price change (houses): -0.20% from last period
• Average HonestDoor Price (condos): $639,116
• HonestDoor Price change (condos): -1.42% from last period
• 1,737 properties assessed this year in Surrey

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

If you're a house owner eyeing a summer sale, the honest read is this: values are holding, but you're not in a runaway seller's market. With only 3 recent sales and a growth rank of 30 out of 41, competition for buyers is real. Price it right from day one. Overpricing based on your old assessment is the fastest way to sit on the market too long.

If you own a condo, the timing looks more interesting. A growth rank of 3 out of 42 in Surrey is a strong position. Values are climbing past their 3-month average, and you're priced above several nearby neighbourhoods. Summer inventory tends to rise, so if you're thinking about it, moving sooner rather than later could work in your favour.

For both property types, the rental numbers are worth noting if selling isn't on your radar. Houses are pulling an estimated $5,313/month with a 4.35% yield. Condos are at $3,082/month with a 3.55% yield. Neither is a home run, but both are steady income in a market that's catching its breath.

Bottom line - check your HonestDoor Price today. It takes 30 seconds and it's the most current number you'll find. Your tax assessment is not your selling price. Don't let it be.

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.