Hillside Quadra, Victoria - October 2026 Real Estate Report
Hillside Quadra Real Talk: Your Home Is Worth More Than the City Thinks
If you've been glancing at your latest tax assessment and wondering if it tells the whole story - it doesn't. Here's what's actually happening on the ground in Hillside Quadra right now.
The Vibe: Where We Stand in Mid-2026
Hillside Quadra is holding its own. With 1,255 properties assessed and 20 total transactions logged in 2026, we're one of the more active neighbourhoods in Victoria - ranking 2nd in the entire city for total transactions. That's not nothing. People are still buying and selling here, even as the broader market takes a breather.
The average HonestDoor Price across the neighbourhood sits at $1,015,397. That's 2.72% above what the city's assessment says your home is worth. Translation: if you're making decisions based on that government number, you're already starting from behind.
Houses: A Cooling Market, But Not a Collapsing One
Let's be straight with each other. The house market in Hillside Quadra is softening. The average sale price came in at $1,100,000 this month, down 6.4% from last month. Only 1 house sold - down 50% from the month before. Homes are sitting on the market for 19 days on average, longer than nearby North Park at 11 days.
Buyers are negotiating. Properties are closing at 95.65% of list price, meaning sellers are giving ground. If you listed at $1,150,000, expect to land closer to $1,100,000 in your pocket.
That said, the predicted market value for houses is $1,044,456, and it's actually ticking up against the 3-month moving average of $1,037,529. So the floor isn't falling out - the market is just finding its level.
- Average sale price: $1,100,000 (down 6.4% from last month)
- Average list price: $1,150,000
- Price per square foot: $791
- Average days on market: 19
- Sale-to-list ratio: 95.65%
- Predicted market value: $1,044,456
- Estimated monthly rent: $4,337
- Rental yield: 4.61%
- Growth rank: 6 out of 14 neighbourhoods - above average in Victoria
Condos: A Different Story Entirely
Here's where things get interesting for us condo owners. The HonestDoor Price for condos in Hillside Quadra is $1,425,664 - up 5.76% from the previous period. Compare that to the average assessed value of $484,677 and you start to see the gap. The HonestDoor Price is 194% higher than what the city assessed. That is a massive disconnect, and it matters if you're thinking about selling or refinancing.
On the actual sales side, condos are moving more steadily. Three sold this month at an average of $430,667, with a sale-to-list ratio of 96.52%. Buyers are paying close to asking. The market here is stable, not panicked.
The one flag worth watching: the predicted condo value of $1,347,992 is trending down from the 3-month moving average of $1,426,789, and recent value change sits at -5.73%. Condos rank 13 out of 14 neighbourhoods for growth right now. That's a signal to pay attention to, not ignore.
- Average sale price: $430,667
- Average list price: $445,967
- Price per square foot: $479
- Average days on market: 31
- Sale-to-list ratio: 96.52%
- Predicted market value: $1,347,992
- Estimated monthly rent: $4,426
- Rental yield: 3.28%
- Growth rank: 13 out of 14 neighbourhoods - bottom of the leaderboard right now
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Your BC Assessment is a snapshot from July 1st of last year. The market has moved since then - in some cases, a lot. The HonestDoor Price updates in real time using actual sales data, so it reflects what a buyer would likely pay today, not what a government formula calculated eight months ago.
For houses, the HonestDoor Price of $1,015,397 is already 2.72% above the city's average assessed value. For condos, that gap is enormous. If you're a condo owner using your assessment to gauge your net worth or plan a sale, you could be working with a number that's wildly off from reality - in either direction.
Check your HonestDoor Price. It takes two minutes and gives you a real-world anchor for any financial decision tied to your property.
The So What: Should You Sell in Hillside Quadra This Summer?
If you own a house here, the honest answer is: it depends on your timeline. The market is cooling. Buyers have more leverage than they did six months ago, days on market are creeping up, and prices dipped this month. If you need to sell now, price it sharp - the data says buyers are landing around 95-96% of list. Don't test the market with an optimistic number.
If you own a condo, the short-term price trend is heading down, and you're sitting near the bottom of the neighbourhood growth leaderboard at 13 out of 14. Waiting for a rebound is a gamble right now. If your life circumstances point toward selling, sooner is probably smarter than later.
Either way, your starting point should be your HonestDoor Price - not your assessment, not a neighbour's guess, and not last year's Zillow estimate. Get the real number first, then make the call.
hillside quadra | victoria | october 2026This 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.