Sullivan Heights, Burnaby Condo Market Report – January 2022

In January 2022, the Sullivan Heights, Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 10.7%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

8 condo properties sold in Sullivan Heights, Burnaby during January 2022 based on MLS® records. There were 75 active listings at the start of the month. A total of 10 new listings came to market during the month.

The average condo sold price in Sullivan Heights, Burnaby in January 2022 was $547,000. Sold prices ranged from $410,000 to $800,000. Data is sourced from MLS® board records.

In January 2022, condo properties in Sullivan Heights, Burnaby averaged 12 days on the market before selling. With an absorption rate of 10.7%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Sullivan Heights, Burnaby in January 2022 was $547,000, up 16.3% year-over-year compared to January 2021 ($470,143). Sales volume was down 42.9% compared to the same month last year. Data is sourced from MLS® sold records.