Surrey, Surrey - October 2026 Real Estate Report
Surrey Real Estate Right Now: What Your Neighbour Hasn't Told You Yet
The Vibe on the Ground
If you've been watching the "For Sale" signs in Surrey, here's what's actually happening. The market is taking a breather. House values are dipping slightly, condo activity is thin, and the numbers are telling a pretty honest story. But "cooling" doesn't mean "crashing" - and for the right seller, there's still a real opportunity here.
Houses: The Real Numbers
The average HonestDoor Price for a house in Surrey sits at $1,421,983. That's down 1.00% from last period, and the predicted market value is tracking at $1,437,067 - which is actually slipping below the 3-month moving average of $1,448,927. The market is moving in one direction right now, and it isn't up.
- Average HonestDoor Price: $1,421,983 (down 1.00%)
- Predicted Market Value: $1,437,067
- 3-Month Moving Average: $1,448,927
- Average Sale Price (2026): $733,333
- Price Per Square Foot: $538
- Properties Sold Recently: 3
- Estimated Monthly Rent: $5,253
- Rental Yield: 4.37%
- Neighbourhood Growth: -1.18% recently, -0.04% year over year
On the neighbourhood leaderboard, Surrey houses rank 22 out of 41 for growth - that's below average. For price, we sit at 40 out of 45, which puts us among the most affordable in the city. That's a double-edged sword. Buyers get value. Sellers need to price sharp.
How do we compare to the streets nearby? West Newton is running hotter at $1,497,040. East Panorama Ridge is cheaper at $1,325,568. South Newton is the most affordable of the group at $1,152,988. All three are also seeing negative growth, so this isn't a Surrey-specific story - the whole pocket is taking a breath together.
Condos: A Different Story
The condo picture in Surrey is a bit more interesting. Values are actually ticking up. The predicted market value is $641,430, and that's climbing past the 3-month moving average of $639,475. Small move, but it's moving in the right direction.
- Average HonestDoor Price: $615,100 (down 4.10% from previous period)
- Predicted Market Value: $641,430
- 3-Month Moving Average: $639,475
- Average Sale Price: $575,000
- Price Per Square Foot: $531
- Properties Sold Recently: 1
- Estimated Monthly Rent: $3,085
- Rental Yield: 3.56%
- Recent Value Change: +0.56%
On the condo leaderboard, Surrey ranks 19 out of 44 for growth - above average. For price, we rank 8 out of 27, which puts us firmly above average in Surrey. Compared to East Panorama Ridge condos at $507,000 average sale price, Surrey condos are selling higher. That's a good sign for condo owners here.
The HonestDoor Price drop of 4.10% is worth watching though. That gap between the HonestDoor Price ($615,100) and the predicted market value ($641,430) tells you the market is still working through some uncertainty. Volume is low - one sale doesn't make a trend.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing about your city assessment. It was calculated months ago using data that's even older than that. The average assessed value for a Surrey house is $1,386,073. But the HonestDoor Price is $1,421,983 - that's $35,910 higher, a 2.59% gap. That difference is real money sitting on the table that a static government number simply won't show you.
Your tax assessment is a rear-view mirror. The HonestDoor Price is the windshield. It updates in real time using actual transaction data, current market signals, and live comparable sales. In a market that's shifting month to month right now, that distinction matters a lot. If you're making any decision - selling, refinancing, even just understanding your net worth - the HonestDoor Price is the number to start with.
1,736 properties were assessed in Surrey this year. That's a lot of homeowners potentially looking at a number that doesn't reflect what their home is actually worth today.
The "So What?" - Thinking About Selling This Summer?
If you're a Surrey homeowner thinking about listing this summer, here's the straight talk.
For house sellers - the window is open but it's not wide. Values are dipping, volume is low at 12 transactions in 2026, and the growth rank puts us in below-average territory. That doesn't mean don't sell. It means price it right from day one. Overpricing in a softening market is the fastest way to sit on a listing and watch it go stale. A sharp list price beats a wishful one every time right now.
For condo sellers - the momentum is slightly better. Values are creeping up, the growth rank is above average, and the rental yield of 3.56% means investors are still paying attention. If your unit is in good shape, this summer could work in your favour.
For everyone - check your HonestDoor Price before you do anything else. Don't walk into a listing conversation armed with a tax assessment number. Walk in with the real-world figure. That's the one that reflects what buyers are actually paying right now, not what the city decided your home was worth last year.
Surrey is holding its own. It's not the hottest market in the city right now, but it's not falling apart either. Know your number, price smart, and move with the market - not against it.
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.