Sullivan, Surrey - October 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 lately and wondering what is actually going on with prices, here is the straight answer. The market is taking a breather, but your property is holding up better than you might expect - and the numbers from the city's assessment office are already behind the curve.
The Vibe: Houses vs. Condos in Sullivan Right Now
For those of us in houses, the story is steady but softening. The average sale price is sitting at $746,000 with price per square foot around $515. The predicted market value for houses is $1,144,004, which is sliding slightly below the 3-month moving average of $1,153,212. Values are down about 1.13% recently. That is not a crash - it is a cooldown. On the neighbourhood leaderboard, Sullivan houses rank 20 out of 41 neighbourhoods in Surrey for growth, which puts us in above-average territory. For price, we rank 32 out of 45, meaning we are below average in price compared to Surrey overall - which is actually a signal that there is room to move up.
Condos are a different story, and honestly a more interesting one right now. The average condo sale price is $699,000 at roughly $451 per square foot. The predicted market value is $897,051, and it is trending upward - above the 3-month moving average of $878,471. Values have climbed 1.58% recently. On the leaderboard, Sullivan condos rank 11 out of 44 neighbourhoods for growth and sit at rank 4 out of 27 for price, putting us among the most expensive condo markets in Surrey. If you own a condo here, that is worth paying attention to.
- House average sale price: $746,000
- House price per sq ft: $515
- House predicted market value: $1,144,004
- House rental yield: 4.64% per month, estimated rent $4,541
- House growth rank: 20 out of 41 in Surrey (above average)
- Condo average sale price: $699,000
- Condo price per sq ft: $451
- Condo predicted market value: $897,051
- Condo rental yield: 3.40% per month, estimated rent $3,545
- Condo growth rank: 11 out of 44 in Surrey (above average)
- Condo price rank: 4 out of 27 in Surrey (among the most expensive)
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 taken months ago, based on data that is even older than that. It does not know what happened in the market last week. The average assessed value in Sullivan sits at $1,127,675 for houses. The HonestDoor Price is $1,130,917 - already 0.29% higher than that government number, and it updates in real time.
For condos, the HonestDoor Price is $908,182 and has moved up 1.24% from the previous period. Your tax notice will not reflect that gain. If you are making any financial decision - refinancing, selling, or just figuring out where you stand - the HonestDoor Price is the real-world check that your assessment simply cannot give you.
Compare that to what is happening in nearby neighbourhoods. West Cloverdale South has an average HonestDoor Price of $1,487,590 for houses. West Cloverdale North sits at $1,445,065. East Panorama Ridge is at $1,325,568. Sullivan is priced below all three of its closest neighbours, which cuts both ways - we are more accessible to buyers, but there is a clear ceiling being set around us that Sullivan has room to grow toward.
- Sullivan house HonestDoor Price: $1,130,917 (down 1.14% recently)
- Sullivan condo HonestDoor Price: $908,182 (up 1.24% recently)
- East Panorama Ridge house HD Price: $1,325,568
- West Cloverdale South house HD Price: $1,487,590
- West Cloverdale North house HD Price: $1,445,065
- 2,427 properties assessed in Sullivan this year
- 21 total property transactions in 2026
The "So What?" - Thinking About Selling This Summer?
If you are a house owner in Sullivan and considering listing this summer, the honest read is this: values are easing slightly, but you are sitting in an above-average growth neighbourhood surrounded by pricier markets. Buyers priced out of West Cloverdale and East Panorama Ridge will look at Sullivan. That is your leverage. With only 6 houses sold recently and 21 total transactions in 2026 so far, inventory is tight - which generally works in a seller's favour.
If you own a condo, the timing looks better. Values are climbing, you rank near the top of Surrey for condo prices, and the rental income story is solid at $3,545 per month estimated. A buyer who cannot afford a house but wants into Sullivan will look hard at your unit.
Either way, do not walk into a listing conversation armed only with your city assessment. Pull your HonestDoor Price first. It is the number that reflects what is actually happening on the street right now - not what was happening when the city last ran its numbers. That difference could be the difference between leaving money on the table and getting what your home is actually worth.
sullivan | 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.