Burnside, Victoria - September 2026 Real Estate Report

Burnside, Victoria: Your Home Is Worth More Than the City Thinks

If you have been watching the "For Sale" signs on your street and wondering what is actually going on, here is the straight story. Burnside is holding its own in a market that is taking a breather - and the gap between what the city says your home is worth and what buyers will actually pay is bigger than most people realize.

The Vibe: Houses vs. Condos in Burnside Right Now

Houses

We are seeing some interesting signals on the house side. The average sale price hit $910,000 this month, up 22.6% from last month - but before you get too excited, that jump is based on a thin month of just one sale, so treat it as a data point, not a trend. Listings are sitting at an average of $950,000, and homes are selling at about 95.79% of list price, meaning buyers are negotiating a little room. At 17 days on market, houses are not sitting around collecting dust either.

• Average sale price: $910,000
• Average list price: $950,000
• Price per square foot: $867
• Average days on market: 17
• Sale-to-list ratio: 95.79%
• Predicted market value: $1,121,230
• Estimated monthly rent: $4,326
• Rental yield: 4.74%

The predicted value of $1,121,230 is slightly above nearby Victoria West at $1,072,504, which tells us Burnside houses are holding a modest premium over the neighbours. On the neighbourhood leaderboard, house growth ranks 12 out of 14 in Victoria right now - the market is not racing ahead, but days-on-market ranks a solid 5 out of 12, meaning when a good house is priced right, it moves.

Condos

The condo picture is steadier. Five sales this month, average sale price at $467,000, and properties are selling at 98.77% of list - buyers are barely negotiating at all. That is actually a sign of a stable, well-priced market. The catch is that condos are taking 34 days to sell, which is a bit longer than nearby Hillside Quadra at 29 days. The market is not hot, but it is not broken either.

• Average sale price: $467,000
• Average list price: $472,380
• Price per square foot: $596
• Average days on market: 34
• Sale-to-list ratio: 98.77%
• Predicted market value: $1,276,965
• Estimated monthly rent: $4,134
• Rental yield: 3.39%

On the neighbourhood leaderboard, condo growth ranks 9 out of 14 in Victoria - below average, but not at the bottom. Price rank sits at 10 out of 14, making Burnside condos one of the more affordable options in the city. If you are a buyer, that is actually good news. If you are a seller, pricing sharp matters more than ever right now.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment - it is a snapshot from the past. The government looks at sale data from months ago, runs it through a formula, and mails you a number. By the time it lands in your mailbox, the market has already moved.

The HonestDoor Price is updated in real time using current sales, local trends, and live market signals. For Burnside houses, the average assessed value is $970,012. The average HonestDoor Price is $1,108,532. That is a gap of 14.28% - real money that your assessment is leaving on the table.

For condos, the gap is even more striking. The average assessed value is $525,738, while the average HonestDoor Price is $1,210,294 - a difference of 130.21%. That is not a rounding error. That is the difference between what the city filed on paper and what the real world is actually doing.

• House HonestDoor Price: $1,108,532 (14.28% above assessed value)
• Condo HonestDoor Price: $1,210,294 (130.21% above assessed value)
• House HonestDoor Price change: -1.13% from previous period
• Condo HonestDoor Price change: -5.22% from previous period

Both HonestDoor Prices have dipped slightly from the previous period. That is worth watching. It does not mean panic - it means now is the time to check your number, not six months from now when the dip might be deeper.

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

If selling is on your radar, here is the honest take. Burnside is not the fastest-growing neighbourhood on the Victoria leaderboard right now - house growth ranks 12 out of 14, and condo growth ranks 9 out of 14. But "not the fastest growing" is not the same as "a bad time to sell."

Prices are still well above assessed values. Buyers are active - houses are moving in 17 days and condos in 34. And with 502 house properties and 1,061 condo properties assessed in Burnside this year, there is a real, established market here with genuine buyer interest.

The window to act is now, before the HonestDoor Price slides further. A house seller sitting on a predicted value of $1,121,230 with a rental income potential of $4,326 per month has a strong story to tell a buyer. A condo seller with an Airbnb potential of $205 per month and a rental yield of 3.39% has options too - especially compared to nearby Saanich Core where condo rental estimates drop to $2,742.

Bottom line - check your HonestDoor Price today. It is the real-world number, not the government's best guess from last year. In a market that is taking a breather, knowing your actual number is the smartest move you can make before summer listings heat up.

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.