Whalley, Surrey - August 2026 Real Estate Report

Whalley, Surrey Real Talk: Your Home Is Worth More Than the City Thinks - But the Market Is Taking a Breather

The Vibe Right Now

If you have been watching the "For Sale" signs in Whalley lately, here is what is actually happening. The market is not crashing, but it is not sprinting either. Values are dipping slightly across both houses and condos, and that gap between what the city assessed your home at and what it is actually worth in the real world is telling a very interesting story - depending on whether you own a house or a condo.

Houses: The City Is Undervaluing You

Own a house in Whalley? The city's assessment says your home is worth around $1,313,725. The HonestDoor Price says $1,480,443. That is a $166,718 gap - and that gap matters when you are making decisions about selling, refinancing, or just figuring out where you stand.

• Average HonestDoor Price: $1,480,443 - that is 12.69% above the city's assessed value
• Recent average sale price: $1,180,000, up 13.4% from last month
• Price per square foot: around $990
• Predicted market value: $1,481,449
• 3-month moving average: $1,485,864 - values are easing slightly
• Estimated monthly rent: $5,393 with a rental yield of 4.28%
• Airbnb potential: $268 per night
• Transactions in 2026: 19 sales across 6,503 assessed properties
• Neighbourhood growth: down 0.06% year over year
• Surrey growth rank: 36 out of 45 - below average on the neighbourhood leaderboard
• Surrey price rank: 29 out of 45 - below average in price

The honest read here? House values in Whalley are holding up well in absolute dollar terms, but growth momentum has slowed. We are sitting near the bottom third of Surrey's neighbourhood leaderboard for growth right now. That is not a panic signal - it just means the big run-up has paused.

Condos: The Most Active Market in Surrey - With a Catch

Here is something worth paying attention to. Whalley condos ranked number 1 in Surrey for total transactions in 2026, with 107 sales across 14,574 assessed properties. That is serious activity. But the HonestDoor Price tells a more complicated story.

• Average HonestDoor Price: $466,542 - actually 0.36% below the city's assessed value of $468,223
• Recent average sale price: $498,667, up 20.2% from last month
• Price per square foot: around $525
• Predicted market value: $472,835
• 3-month moving average: $473,913 - also easing slightly
• Estimated monthly rent: $2,357 with a rental yield of 3.91%
• Airbnb potential: $116 per night
• Condo values have shifted by -0.52% recently
• Surrey growth rank: 22 out of 44 - above average on the neighbourhood leaderboard
• Surrey price rank: 23 out of 27 - among the most affordable condos in Surrey

For condos, we are one of the most affordable options in Surrey, and we are sitting above average for growth momentum. That is actually a solid combination if you are an investor or a first-time buyer watching this market. The transaction volume alone tells you people are still moving here.

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

Here is the thing about your city assessment - it is a snapshot from the past. It gets updated once a year, uses broad strokes, and does not account for what your specific street, your specific floor plan, or last month's sales are actually doing to your value.

The HonestDoor Price is updated in real time. It pulls from actual recent transactions and current market signals. For Whalley house owners, that means the real-world number is sitting roughly $166,000 higher than what the city has on file. If you are making any financial decision - a refinance, a home equity line, a sale - using the city's number is leaving money on the table before you even start the conversation.

For condo owners, the picture is flipped. The HonestDoor Price is actually slightly below the city's assessed value right now. That is a signal worth knowing before you price your unit or negotiate anything.

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

If you own a house in Whalley and you are thinking about listing this summer, the fundamentals are still in your favour. Your HonestDoor Price is sitting well above the city's assessment, and you are in a neighbourhood that ranks 6th in Surrey for total transaction volume. Buyers are still active here.

That said, growth has cooled. We are ranked 36 out of 45 Surrey neighbourhoods for house price growth right now. Nearby South Westminster and Bridgeview are both cheaper and showing slightly faster growth, which means buyers have options. If you are selling, price it sharp and price it based on the HonestDoor Price - not the assessment notice sitting in your drawer.

For condo owners, the story is different but not discouraging. We are the most transacted condo market in Surrey - number 1 out of all neighbourhoods. Buyers are here. But with values easing slightly and the HonestDoor Price sitting just below the assessed value, this is not the moment to overprice. Condos moving at $498,667 on average this month is a real number, but that was only 3 sales. Keep your expectations grounded and let the data do the talking.

Bottom line: Whalley is still a market where deals get done. Check your HonestDoor Price before you make any move. It is the most current read you have got.

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.