Sullivan, Surrey - September 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, here is what is actually happening. The market is taking a breather, but your property is quietly holding its ground - and in some cases, pulling ahead of what the city has on file.

The Vibe: Houses vs. Condos in Sullivan Right Now

We are seeing two pretty different stories playing out depending on what you own here.

Houses: The average sale price for a house in Sullivan is sitting at $1,345,200, at roughly $700 per square foot. Only 2 homes sold recently, which is a thin market - but thin does not mean weak. The HonestDoor Price for houses is $1,157,064, which is nudging slightly below the 3-month moving average of $1,157,861. Values have dipped 0.13% recently, so yes, there is a small softening. But here is the leaderboard stat that matters: Sullivan houses rank 16 out of 46 neighbourhoods in Surrey for growth, putting us in above-average territory. On price, we sit at rank 21 out of 45 - solidly above average. If you own a house here, you are not in a struggling pocket of the city.

Condos: This is where Sullivan is quietly turning heads. The HonestDoor Price for condos jumped 1.58% from the previous period to $897,051, and the predicted market value of $883,097 is climbing above the 3-month moving average of $861,002. That is real upward momentum. The average sale price is $699,000 at $451 per square foot. Condo growth ranks 2 out of 44 neighbourhoods in Surrey - that puts us near the very top of the leaderboard. On price, Sullivan condos rank 4 out of 27, meaning we are among the most expensive condo markets in the city. For condo owners, this is a strong moment.

• House HonestDoor Price: $1,157,064 (down 0.13% recently)
• House average sale price: $1,345,200 at $700 per sq ft
• House growth rank: 16 out of 46 in Surrey (above average)
• Condo HonestDoor Price: $897,051 (up 1.58% from previous period)
• Condo average sale price: $699,000 at $451 per sq ft
• Condo growth rank: 2 out of 44 in Surrey (top performer)
• House rental estimate: $4,578 per month, rental yield 4.62%
• Condo rental estimate: $3,545 per month, rental yield 3.39%

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 from months ago, built on a formula that does not know your renovated kitchen or the fact that your street has become a lot more desirable. The average assessed value across Sullivan sits at $1,127,675. The average HonestDoor Price is $1,144,004 - already 1.45% higher than that government number, and updated in real time.

That gap is not just a rounding error. On a property in this price range, 1.45% is roughly $16,000 sitting on the table that your tax assessment is not counting. The HonestDoor Price pulls from actual transaction data, current market signals, and live neighbourhood trends - not a bureaucratic calendar. If you are making any financial decision based on what the city says your home is worth, you are working with yesterday's news.

With 2,427 properties assessed in Sullivan this year and only 14 actual transactions recorded in 2026 so far, the real-world price signal is coming from a small pool of sales. That makes the HonestDoor Price even more valuable as a live, data-driven check on what your property would actually fetch today.

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

For house owners, the honest answer is: the window is open, but it is not wide open. Values are essentially flat, the neighbourhood is growing at -0.05% year over year, and nearby areas like West Cloverdale South (HonestDoor Price $1,504,786) and West Cloverdale North ($1,462,141) are priced higher and growing slightly faster. That means buyers have options close by. If you are selling a house this summer, pricing it sharp and presenting it well is not optional - it is the whole game.

For condo owners, the story is genuinely good. A 3.25% recent value increase and a top-2 growth ranking in Surrey means you have real leverage right now. Buyer demand for condos in this price range is active, and sitting at rank 4 out of 27 for price means Sullivan condos carry a premium reputation. If you have been on the fence, this summer is worth a serious conversation.

Either way, the first move is the same: pull your HonestDoor Price before you call an agent, set a list price, or make any assumptions based on last year's assessment notice. Know your real number first. Everything else follows from there.

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.