Hillside Quadra, Victoria - September 2026 Real Estate Report

Hillside Quadra, Victoria: Your Neighbour Just Got a Surprise on Their Assessment - Here's Why

The Vibe Right Now

If you've been watching the "For Sale" signs on the streets around Hillside Quadra, here's what's actually happening. The market is steady but not setting any records. Houses are moving, condos are a different story, and the gap between what the city thinks your home is worth and what buyers will actually pay is wider than most people realize.

We ranked 2nd in all of Victoria for total property transactions in 2026. That's not a typo. Out of every neighbourhood in the city, Hillside Quadra is one of the busiest. That matters when you're thinking about selling - there's real activity here, not tumbleweeds.

Houses: Steady as She Goes

For those of us in houses, the story is calm. Six properties sold recently, prices are essentially flat, and homes are sitting on the market for about 24 days. That's not slow - that's measured. The average sale price came in at $790,998, and sellers are getting 98.21% of their asking price. Buyers are negotiating, but not by much.

• Average sale price: $790,998
• Average list price this month: $806,148
• Price per square foot: $751
• Average days on market: 24
• Sale-to-list ratio: 98.21%
• Predicted market value: $1,028,864
• Estimated monthly rent: $4,294
• Rental yield: 4.64%

On the neighbourhood leaderboard, our houses rank 4th out of 14 for growth in Victoria. That puts us in above-average territory - not leading the pack, but well ahead of the bottom half. Days on market ranks 6th out of 12, which means we're selling at a moderately fast pace. And for price, we rank 11th out of 13, meaning houses here are among the more affordable options in the city. That's actually a selling point for buyers who've been priced out elsewhere.

One thing worth watching: the predicted value of $1,028,864 is drifting slightly below the 3-month moving average of $1,040,924. Values are down about 1% recently. Not a crash - more like the market taking a breather. Compare that to nearby Oaklands, where the predicted house value sits at $1,216,125. There's a gap there that buyers are starting to notice.

Condos: Fast to Sell, But Prices Are Cooling

The condo picture is more complicated. Only 2 units sold this month, and the average sale price dropped to $399,000 - down 2.4% from last month. Sellers are getting 96.25% of asking, which means buyers have a bit more room to push back. The market here is cooling, and the numbers back that up.

• Average sale price: $399,000 (down 2.4%)
• Average list price this month: $414,450
• Price per square foot: $493
• Average days on market: 29
• Sale-to-list ratio: 96.25%
• Predicted market value: $1,429,893
• Estimated monthly rent: $4,550
• Rental yield: 3.26%

Here's the leaderboard reality for condos: growth ranks 14th out of 14 in Victoria right now. Dead last. Values have dropped 4.83% recently, and the predicted value is sliding below the 3-month average of $1,479,405. If you own a condo here and you've been sitting on the fence about selling, that number deserves your attention.

The one bright spot? Our condos are selling faster than both Oaklands and North Park, which are averaging 41 days on market compared to our 29. Demand exists - it's just not pushing prices up right now.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the thing most homeowners in Hillside Quadra don't realize. The city's assessed value is a snapshot from months ago. It doesn't know what happened on your street last week. It doesn't adjust for what buyers are actually offering right now.

For houses, the average assessed value sits at $988,487. The average HonestDoor Price is $1,044,456 - that's 5.66% higher, and it's updated in real time. That gap represents real money. If you're making any decision about selling, refinancing, or even just understanding your net worth, using the city's number is like navigating with an old map.

For condos, the gap is even more striking. The average assessed value is $484,677. The HonestDoor Price is $1,347,992. That's a 178% difference. The assessment and the real-world market are barely telling the same story. Your HonestDoor Price is the real-world check - the number that reflects what a buyer would actually put on paper today.

The HonestDoor Price for houses is up 1.52% from the previous period. Condos are down 5.73%. Knowing which direction you're moving is the whole game.

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

If you own a house in Hillside Quadra and you're thinking about listing this summer, the conditions are reasonable. Homes are selling in about 24 days, buyers are close to full asking price, and we're one of the most active neighbourhoods in Victoria by transaction volume. You're not fighting for attention - the traffic is here.

The honest advice: price it right from day one. The predicted value is drifting down slightly, and buyers know it. Coming in sharp beats a price cut two weeks later every time.

If you own a condo, the calculus is tougher. Prices are sliding, growth ranks last in the city, and the 3-month trend is pointing down. That doesn't mean you can't sell - condos here are actually moving faster than in nearby neighbourhoods. But waiting for the market to bounce back before listing is a gamble right now. If you need to move, move. If you can hold, watch the next 60 days closely.

Either way, pull your HonestDoor Price before you do anything else. It's the number that actually reflects today's market - not last year's tax roll. With 1,255 houses and 784 condos assessed in Hillside Quadra, there's plenty of data behind it. Use it.

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.