Sullivan Heights, Burnaby Condo Market Report – October 2021

In October 2021, the Sullivan Heights, Burnaby condo real estate market is classified as a Strong Seller's Market with an absorption rate of 25.9%. It is currently a strong seller's market in Sullivan Heights, Burnaby, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

22 condo properties sold in Sullivan Heights, Burnaby during October 2021 based on MLS® records. There were 85 active listings at the start of the month. A total of 17 new listings came to market during the month.

The average condo sold price in Sullivan Heights, Burnaby in October 2021 was $564,427. Sold prices ranged from $333,500 to $702,500. Data is sourced from MLS® board records.

In October 2021, condo properties in Sullivan Heights, Burnaby averaged 15 days on the market before selling. With an absorption rate of 25.9%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Sullivan Heights, Burnaby in October 2021 was $564,427, up 10.6% year-over-year compared to October 2020 ($510,255). Sales volume was up 100% compared to the same month last year. Data is sourced from MLS® sold records.