Sullivan, Surrey - July 2026 Real Estate Report

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

If you live in Sullivan and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment says one thing. The real market says something different - and right now, the gap is worth knowing about.

The Vibe: What Is Actually Happening in Sullivan Right Now

Sullivan is a quiet, steady neighbourhood. We are not seeing a frenzy, but we are not seeing a freefall either. The market here is holding its ground while a lot of other areas are wobbling. Here is the split between houses and condos, because they are telling two different stories.

Houses: Affordable Entry, Steady Ground

If you have been watching the "For Sale" signs on the house side of Sullivan, here is what is actually happening. Sales are slow - only 2 houses changed hands recently - but prices are not dropping. The average sale price is sitting at $800,000, and price per square foot is around $548. That is not flashy, but it is stable.

• HonestDoor Price (predicted market value): $1,157,951
• 3-month moving average: $1,151,051 - and we are trending up
• Recent value change: 0.63%
• Estimated rent: $4,580 per month
• Rental yield: 4.62%
• Growth rank: 16 out of 41 neighbourhoods in Surrey - above average
• Price rank: 39 out of 45 - one of the most affordable house markets in Surrey

That price rank is actually good news for buyers coming into Sullivan. For sellers, it means there is room to grow. We are not priced out. We are priced right.

Condos: The Surprise Performer

This is where Sullivan gets interesting. The condo market here is punching well above its weight. Values are climbing faster than houses, and our growth rank puts us near the top of the Surrey leaderboard.

• HonestDoor Price (predicted market value): $844,643
• 3-month moving average: $819,988 - and we are clearly moving up
• Recent value change: 2.32%
• Average sale price: $699,000
• Price per square foot: $451
• Estimated rent: $3,497 per month
• Rental yield: 3.40%
• Growth rank: 8 out of 42 neighbourhoods in Surrey - top performers
• Price rank: 2 out of 26 - among the most expensive condo markets in Surrey

A 2.32% value jump in a short window, combined with a top-10 growth rank across Surrey - that is not nothing. If you own a condo in Sullivan, you are sitting in a stronger spot than most of your neighbours across the city.

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

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already old news. The market has moved on.

The average assessed value in Sullivan is $1,127,675. The average HonestDoor Price is $1,158,568. That is a gap of roughly $31,000 - and the HonestDoor Price is updated in real time using actual market signals, not a once-a-year government estimate. It is already 2.74% higher than what the city has on file for the average Surrey property.

Think of your HonestDoor Price as the real-world check. It reflects what buyers are actually paying right now, not what a bureaucrat estimated eight months ago. If you are making any financial decision tied to your home - refinancing, selling, or just knowing your net worth - the HonestDoor Price is the number you want in front of you.

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

Here is the honest take for anyone considering a summer sale in Sullivan.

The market is taking a breather. Neighbourhood growth dipped 0.05% year over year, and transaction volume is low - only 7 house sales recorded in 2026 so far across the neighbourhood. That means less competition from other sellers, but also fewer buyers actively shopping. You are not going to get a bidding war just by listing. You need to price it right from day one.

The good news is that Sullivan houses rank 16th in Surrey for growth - above average - and the HonestDoor Price for houses is trending upward from the 3-month moving average. That momentum is your friend if you move before the fall slowdown hits.

For condo owners, the case for selling this summer is even stronger. A growth rank of 8th out of 42 Surrey neighbourhoods means buyers looking at data are going to notice Sullivan. Your predicted value of $844,643 is well above the recent sale average of $699,000, which tells us the market has not fully caught up to what these units are worth yet.

• Best move for house sellers: Price close to the HonestDoor Price of $1,157,951 - not the assessed value
• Best move for condo sellers: Act while the growth rank is strong and inventory is thin
• For landlords staying put: $4,580 per month in estimated rent on a house is a 4.62% yield - solid for this market
• Keep an eye on neighbours: West Cloverdale South houses are averaging $1,543,019 - that is the price ceiling Sullivan could be growing toward

Bottom line - Sullivan is not the flashiest neighbourhood in Surrey, but it is one of the most consistent. And right now, consistent is exactly what the market needs.

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.