Hillside Quadra, Victoria - August 2026 Real Estate Report

Hillside Quadra, Victoria: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Hillside Quadra and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old news. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos in Hillside Quadra

Houses - Taking a Breather

If you've been watching the "For Sale" signs around Hillside Quadra lately, here's the honest read: our house market is cooling off. The average sale price sits at $814,995, down 2.4% from last month. Homes are sitting on the market for 22 days on average - that's noticeably longer than Oaklands, where houses are moving in 14 days. Buyers are also negotiating, with sales landing at about 97.75% of list price. That gap between what sellers ask and what buyers pay is a real signal.

• Average sale price: $814,995 (down 2.4% from last month)
• Average list price: $834,495
• Price per square foot: $901
• Average days on market: 22
• Sale-to-list ratio: 97.75%
• Properties sold in 2026: 13 total transactions
• Growth rank in Victoria: 12 out of 14 - near the bottom of the leaderboard

We're not in freefall, but we're not the hottest block either. The predicted market value for houses is $1,039,265, which is actually ticking up slightly against the 3-month moving average of $1,036,166. So the longer-term picture is steadier than the month-to-month noise suggests.

Condos - Stable but Sliding

Our condo market is a different story - and a bit of a mixed bag. The average sale price is holding at $525,000, which is actually ahead of nearby Oaklands ($502,000) and North Park ($430,000). Condos are moving in about 40 days, which is faster than North Park's 52-day average. That's a decent sign for demand.

• Average sale price: $525,000
• Average list price: $559,900
• Price per square foot: $522
• Average days on market: 40
• Sale-to-list ratio: 94.06%
• Condo transactions in 2026: 7
• Growth rank in Victoria: 8 out of 14 - below average on the leaderboard

The catch? The predicted condo value of $1,502,480 is drifting down from the 3-month moving average of $1,515,629. Buyers are paying well below list - 94.06% - which tells us they have leverage right now. If you own a condo here, that's worth knowing before you price it.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here's the thing about your BC Assessment: it's a snapshot from last July. A lot has changed since then. The HonestDoor Price is updated in real time, pulling in actual market activity to give you a current number - not a government estimate that's already months behind.

For houses in Hillside Quadra, the average HonestDoor Price is $1,028,864. The average assessed value is $988,487. That's a gap of over $40,000 - or 4.08% - that your assessment is leaving on the table. If you're making any financial decision based on that assessment alone, you're working with incomplete information.

For condos, the gap is even more dramatic. The average assessed value is $484,677. The average HonestDoor Price is $1,429,893. That's a 195% difference. Whatever the reason for that spread, relying on the assessed value here would be a serious mistake.

The HonestDoor Price is your real-world check. It's the number that reflects what buyers are actually doing in the market today - not what an assessor estimated almost a year ago.

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

Let's be straight with you. If you're a house owner thinking about listing this summer, the market is giving you some mixed signals. Prices are down slightly month-over-month, days on market are creeping up, and buyers are negotiating harder than they were. You're not in a rush-and-it-sells-in-a-weekend market right now.

That said, the longer-term predicted value of $1,039,265 is holding steady and nudging upward. Hillside Quadra still ranks 10th in Victoria for average assessed value, and 2nd in total transaction volume. People are still buying here - there just aren't as many of them right now.

For condo owners, the window to sell at a strong price may be tightening. Values are trending down from their 3-month average, and buyers are cutting 6% off list price on average. If selling is on your radar, sooner is probably smarter than later.

• House rental estimate: $4,294 per month - solid income if you hold and rent
• House rental yield: 4.62% - moderate, but real
• Condo rental estimate: $4,550 per month
• Condo rental yield: 3.23% - lower, but still in the game
• Neighbourhood growth year-over-year: 0.01% for houses, -0.03% for condos

Bottom line: check your HonestDoor Price before you do anything else. It takes 30 seconds and it's the most current number available to you. Your assessment is not your market value - and in Hillside Quadra right now, that difference is real money.

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.