Surrey is the largest city by land area in Metro Vancouver and the second most populated municipality, with a population estimated at 726,369 as of July 2025. The city's luxury real estate market is concentrated in South Surrey, where buyers seeking larger lots, custom-built homes, and proximity to coastal features or golf courses will find the highest price points in the region. South Surrey dominates the luxury segment with Elgin Chantrell, Ocean Park, and Morgan Creek representing the premium tier. Above $2M the market is dominated by South Surrey luxury properties.
South Surrey Luxury Neighbourhoods
The benchmark home price in South Surrey sits at $1,247,300, with a current population of 96,800 projected to reach 115,460 by 2031. South Surrey is perfect for buyers seeking a blend of natural beauty and urban convenience. Crescent Beach and White Rock Beach offer stunning ocean views, walking trails, and peaceful coastal living.
Elgin Chantrell
Elgin Chantrell is a historically rich neighbourhood with homes priced from $2 million to $8 million. Median list price in Elgin Chantrell is $2.8M with listings ranging between $599K and $9.9M. The neighbourhood features Crescent Park and various schools, attracting buyers who value spacious properties, established gardens, and a strong sense of community. Properties in Elgin Chantrell tend to sit on larger lots compared to other Surrey neighbourhoods, giving homeowners the privacy and space that defines luxury living in Metro Vancouver.
Crescent Beach and Ocean Park
Crescent Beach and Ocean Park are among Surrey's most expensive areas with bay-view homes ranging from $3 million to $10 million. Median home price in Crescent Beach is around $1.5 million while the median home price in Ocean Park is around $1.2 million. Average Crescent Beach Ocean Park home sells for $1,846,733. Ocean Park offers quiet streets with strong community connection and convenient access to shopping and recreational facilities. The coastal setting, combined with proximity to White Rock's vibrant waterfront, makes this corridor one of the most desirable addresses in all of Metro Vancouver.
Morgan Creek
Morgan Creek is a golf course neighbourhood with properties from $1.4 million to $4 million, known for high-end homes, excellent schools, and recreational facilities. Median list price sits at $1.4M with listings ranging between $460K and $4.0M. Morgan Creek is known for luxurious homes, beautiful parks, and modern amenities, appealing to buyers seeking spacious properties and community connections. The Morgan Creek Golf Course serves as the centrepiece of the neighbourhood, surrounded by upscale residential streets.
Grandview Heights
Grandview Heights is a rapidly developing upscale area with newer construction and modern amenities. The neighbourhood provides green spaces, beautiful parks, and safe streets with detached homes ideal for families, plus shopping, dining, and public transit access offering excellent value with detached homes and access to schools, parks, and recreational facilities. New townhome and single-family developments continue to attract buyers looking for modern floor plans in a well-planned community setting.
Current Market Conditions
The average home price in Surrey is approximately $980,000, down 2.5% year-over-year. Transaction activity slowed during 2025 compared to earlier peak years, with the volume of Surrey homes for sale increasing significantly. Active listings are roughly 40-50% above the five-year average, and the sold-to-list price ratio has settled around 96-97%, providing buyers with 3-4% negotiating room on most properties. For detached homes specifically, the average price across Surrey stands at $1,473,513 as of February 2026, though this saw a 4.2% decrease in the most recent month. Total transactions reached 334 in February, a 30.5% increase from January, with 119 detached home sales representing a 49% monthly increase. Premium coastal areas command significantly higher prices than family-oriented neighbourhoods.
Luxury Lifestyle and Amenities
South Surrey offers coastal proximity with established neighbourhoods and strong school catchments, boasting 8 elementary schools rated 7.5 or higher on the Fraser Institute - the highest count of any Surrey neighbourhood. The area offers spacious properties, modern homes, excellent schools, and community amenities suitable for families. Surrey contains over 800 parks and green spaces with extensive walking and cycling trails including Bear Creek Park, Green Timbers Urban Forest, Tynehead Regional Park, and Crescent Beach. The food scene reflects the multicultural population with diverse dining options. Commuting times to Vancouver range from 30 to 60 minutes by car or SkyTrain depending on the neighbourhood. The Surrey Langley SkyTrain is a 16 km fully-elevated extension of the Expo Line with passenger service anticipated in late 2028 to 2029. Homes located within approximately 500 meters of a SkyTrain station often sell at a premium compared to similar properties farther away, and values have appreciated even before new stations officially open.
Clayton Heights
- Avg Price
- $1,283,600
- For Sale
- 21
Fleetwood
- Avg Price
- $1,037,894
- For Sale
- 67
Newton
- Avg Price
- $1,264,500
- For Sale
- 105
Cloverdale
- Avg Price
- $1,674,400
- For Sale
- 66
Grandview Heights
- Avg Price
- $421,300
- For Sale
- 67
Whalley
- Avg Price
- $945,000
- For Sale
- 122
Sullivan Station
- Avg Price
- $709,900
- For Sale
- 33
Surrey City Centre
- Avg Price
- $2,450
- For Sale
- 24
Ocean Park
- Avg Price
- $2,290,000
- For Sale
- 13
East Newton
- Avg Price
- $819,000
- For Sale
- 38
West Newton
- Avg Price
- $699,900
- For Sale
- 40
Panorama Ridge
- Avg Price
- $1,199,000
- For Sale
- 16
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