Sullivan, Surrey - August 2026 Real Estate Report

Sullivan, Surrey Real Talk: Your Home Is Worth More Than the City Thinks

If you have been watching the "For Sale" signs in Sullivan and wondering what is actually going on with prices, here is the straight answer. The city's assessment says one thing. The real world says another. And right now, the gap is worth knowing about.

The Vibe: What Is Happening in Our Neighbourhood

Sullivan is holding steady. We are not in a frenzy, and we are not in a freefall. The market is taking a breather, but the fundamentals are solid. Here is how houses and condos are stacking up right now.

Houses

If you own a house in Sullivan, the numbers are quietly working in your favour. The average HonestDoor Price sits at $1,157,064 - that is $29,389 above the city's average assessed value of $1,127,675. The city's number is a snapshot from the past. The HonestDoor Price is what the market is saying today.

• Average HonestDoor Price: $1,157,064
• Average Assessed Value: $1,127,675
• HonestDoor Price vs. Assessment: 2.61% higher
• Average Sale Price (2026): $843,800
• Price Per Square Foot: $508
• Properties Sold in 2026: 5
• Predicted Market Value: $1,158,567 (up from 3-month average of $1,155,733)
• Estimated Monthly Rent: $4,583
• Rental Yield: 4.61%
• Neighbourhood Growth Rank: 25 out of 45 in Surrey
• Price Affordability Rank: 40 out of 45 - among the most affordable in Surrey

That affordability rank is a big deal. It means Sullivan houses are priced lower than most comparable Surrey neighbourhoods, which is a real draw for buyers who have been priced out elsewhere. Meanwhile, our predicted market value is trending upward against the 3-month moving average. That is a quiet signal that momentum is building, not fading.

Volume is light - only 5 sales so far in 2026. Low inventory can work in a seller's favour. Fewer homes competing for the same buyers.

Condos

The condo story in Sullivan is actually the more interesting one right now. Values are moving. The average HonestDoor Price for condos is $883,097, up 3.25% from the previous period. That is not a small jump.

• Average HonestDoor Price: $883,097 (up 3.25%)
• Average Sale Price (2026): $699,000
• Price Per Square Foot: $451
• Properties Sold in 2026: 1
• Predicted Market Value: $855,266 (up from 3-month average of $841,790)
• Estimated Monthly Rent: $3,494
• Rental Yield: 3.41%
• Recent Value Change: 1.26%
• Growth Rank: 10 out of 44 in Surrey - above average
• Price Rank: 4 out of 27 - among the most expensive condos in Surrey

A growth rank of 10 out of 44 puts Sullivan condos in the top tier of Surrey neighbourhoods right now. And sitting at rank 4 for price means we are not a bargain-bin market - Sullivan condos are commanding serious dollars compared to most of the city. The predicted market value is climbing past the 3-month average, which tells us the upward trend is fresh, not stale.

The Secret Sauce: Why You Should Check Your HonestDoor Price Right Now

Here is the thing about BC property assessments - they are calculated using data from July 1 of the previous year. By the time that number lands in your mailbox, it is already old. The market has moved on.

The HonestDoor Price is updated in real time using actual sales data, market trends, and current conditions. For Sullivan house owners, that means a number that is already $29,389 higher than what the city has on file. For condo owners, the gap between the assessed picture and today's reality could be even wider given that 3.25% recent jump.

If you are making any financial decision - refinancing, selling, even just understanding your net worth - using a stale assessment is like navigating with last year's map. Your HonestDoor Price is the real-world check.

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

Here is the honest take for anyone considering listing in Sullivan this summer.

For house sellers, you are sitting in one of Surrey's most affordable neighbourhoods by price rank - 40 out of 45. That is not a weakness. That is a selling point. Buyers stretched out of pricier spots like West Cloverdale South (average HonestDoor Price $1,531,722) or West Cloverdale North ($1,480,154) are going to look at Sullivan's $1,157,064 average and see value. You are the smart buy on the neighbourhood leaderboard.

For condo sellers, the timing looks even sharper. A 3.25% price increase in one period, a top-10 growth rank in Surrey, and a predicted value that is climbing past its own 3-month average - that is a window. Low transaction volume (1 sale so far in 2026) means limited competition on the market right now.

The bottom line for both: do not price off your assessment. Check your HonestDoor Price, understand where Sullivan sits on the Surrey leaderboard, and make your move with current numbers in hand.

• Sullivan Houses - Neighbourhood Growth Rank: 25 out of 45 (below average, but affordable)
• Sullivan Condos - Neighbourhood Growth Rank: 10 out of 44 (above average, and expensive in a good way)
• Average Rental Income (Houses): $4,578 per month
• Average Rental Income (Condos): $3,545 per month
• Total Properties Assessed in Sullivan: 2,427

Sullivan is not the loudest neighbourhood in Surrey right now. But quiet markets with solid fundamentals are exactly where smart sellers and buyers make their best moves. Know your number. Use the right one.

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.