Whalley, Surrey - October 2026 Real Estate Report
Whalley, Surrey Real Talk: Your Home Is Worth More Than the City Thinks
If you own property in Whalley and you're still looking at your BC Assessment notice to figure out what your place is worth, you're working with stale numbers. Here's what's actually going on in our neighbourhood right now.
The Vibe: Houses vs. Condos in Whalley
The two sides of the Whalley market are telling pretty different stories right now, so let's break them down separately.
Houses: If you own a house here, the market is holding up better than the headlines might suggest. The predicted market value sits at $1,471,132, and while that's down slightly from the 3-month moving average of $1,477,673, we're talking about a dip of less than half a percent. That's the market taking a breather, not falling off a cliff. On the leaderboard, Whalley houses rank 11 out of 41 neighbourhoods in Surrey for growth - that puts us in the above-average tier. On price, we rank 42 out of 45, which means we're one of the more affordable house markets in Surrey. For buyers, that's a real entry point. For sellers, it means there's room to move.
- Predicted Market Value (Houses): $1,471,132
- 3-Month Moving Average: $1,477,673
- Average Sale Price: $565,000
- Price Per Square Foot: $414
- Estimated Monthly Rent: $5,366
- Rental Yield: 4.30%
- Growth Rank: 11 out of 41 in Surrey
- Price Rank: 42 out of 45 in Surrey (among the most affordable)
Condos: The condo side is where we need to be honest with each other. The average sale price dropped 11.9% from last month to $327,502, and the HonestDoor Price of $456,661 is actually sitting below the city's assessed value of $468,223. That's a signal worth paying attention to. The good news? Whalley condos rank number 1 in all of Surrey for total transactions in 2026, with 145 sales recorded. We're the busiest condo market in the city. That kind of volume means liquidity - if you need to sell, there are buyers here. Growth ranks 22 out of 44 neighbourhoods, which still puts us in the above-average half of Surrey.
- Predicted Market Value (Condos): $467,964
- 3-Month Moving Average: $469,113
- Average Sale Price: $327,502 (down 11.9% from last month)
- Price Per Square Foot: $640
- Estimated Monthly Rent: $2,335
- Rental Yield: 3.92%
- Transaction Rank: 1 out of all Surrey neighbourhoods in 2026
- Growth Rank: 22 out of 44 in Surrey
The Secret Sauce: Why Your HonestDoor Price Matters More Right Now
Here's the thing about BC Assessments - they're a snapshot from July 1st of the previous year. By the time that notice hits your mailbox, the data is already six to twelve months old. The market doesn't wait for paperwork.
For house owners in Whalley, the gap is significant. The city's average assessed value is $1,313,725. The HonestDoor Price is $1,462,088. That's a difference of $148,363 - or about 11.29% more than what the government says your home is worth. If you're making any financial decision based on your assessment alone, you're leaving real money on the table.
For condo owners, the picture is flipped. The HonestDoor Price of $456,661 is actually 2.47% below the assessed value of $468,223. That's a real-world check that the assessment may be running a little hot compared to where the market is trading today. Knowing that before you price or negotiate is the kind of edge that matters.
The HonestDoor Price updates continuously. Your assessment does not. That's the difference between a GPS and a paper map.
The "So What?": Thinking About Selling This Summer?
If you're a house owner weighing a summer sale, the timing conversation is real. Values are slightly off their recent peak, but Whalley still sits in the top quarter of Surrey neighbourhoods for growth momentum. Nearby, South Westminster and Bridgeview are both cheaper and showing slightly better growth rates right now. That means buyers comparison-shopping the area will find Whalley priced competitively - but you want to move before any further softening eats into that $148,000 gap between assessment and actual value.
If you own a condo and you're thinking about selling, the volume story is your friend. Whalley is the number one condo transaction neighbourhood in Surrey right now. Buyers are active here. The challenge is that values have dipped 2.42% recently, so pricing sharp and moving quickly beats waiting to see if the market firms back up. A rental yield of 3.92% means investors are still doing the math on Whalley condos - and some of them will buy yours if it's priced right.
Bottom line: check your HonestDoor Price before you call an agent, before you refinance, and before you assume your assessment tells the whole story. In Whalley right now, it doesn't.
whalley | 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.