North Jubilee, Oak Bay - October 2026 Real Estate Report
North Jubilee, Oak Bay: Your House Is Worth More Than You Think - But the Market Is Sending Mixed Signals
The Vibe Right Now
If you own a house on one of these streets, here is the honest picture. Houses are actually moving fast - 12 days on market on average, and sellers are getting 103.28% of their asking price. That means buyers are still competing. With an average sale price of $1,245,000 and listings sitting at $1,204,900 this month, the house market is holding its own. We are in sellers' territory here, and that is not nothing.
Condos are a different story. One condo sold last month at $273,000 - below the $299,900 asking price, at 91.03% of list. Buyers paid less than ask, and properties sat for 58 days. Compare that to South Jubilee at 36 days and Oaklands at 48 days, and it is clear our condo segment is taking a breather. If you are sitting on a condo and thinking about selling, that is worth knowing before you price it.
- House average sale price: $1,245,000
- House sale-to-list ratio: 103.28% - buyers are paying over ask
- House days on market: 12 days - near the top of the speed rankings in Victoria (rank 2 out of 11)
- House price per square foot: $956
- Condo average sale price: $273,000
- Condo sale-to-list ratio: 91.03% - buyers are negotiating down
- Condo days on market: 58 days
- Condo price per square foot: $494
The Neighborhood Leaderboard - Where We Actually Stand
Let's be straight about the growth rankings. Both houses and condos in North Jubilee rank 14 out of 14 for growth rate among comparable Victoria neighbourhoods. Dead last. Property values for houses have shifted -1.49% recently, and condos are down -7.13%. The predicted house value of $1,027,875 is also sitting below the 3-month moving average of $1,046,694, which tells us the trend is pointing slightly downward right now.
That said, houses rank 5 out of 13 for price in Victoria - above average. So we are not a cheap neighbourhood. We are just not growing as fast as others at this moment. Think of it as a plateau, not a cliff.
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your BC Assessment notice. It reflects a snapshot from July 1 of the previous year. It does not know what sold on your street last month. It does not know that houses here are selling in 12 days and going over asking price. It is, by design, out of date the moment you read it.
The HonestDoor Price updates in real time using actual sales data, listing activity, and neighbourhood trends. For North Jubilee houses, that number is sitting at a predicted market value of $1,027,875 right now - with an estimated monthly rent of $4,255 and a rental yield of 4.69%. That is the real-world check. If your tax assessment is significantly lower, you might be leaving money on the table when you price your home. If it is higher, you want to know that before you list.
Use the HonestDoor Price as your starting point - not the government's year-old guess.
The "So What?" - Thinking About Selling This Summer?
If you own a house in North Jubilee and have been on the fence, the case for moving sooner rather than later is real. Buyers are paying over asking. Properties are gone in less than two weeks. That is a window, and windows close.
The rental numbers also back this up. At $4,255 per month in estimated rent and a 4.69% yield, investors are paying attention to houses here. That adds a layer of demand beyond just owner-occupiers.
For condo owners, the summer calculus is trickier. A 58-day average and a below-ask sale price means you need to price sharp from day one. Overpricing and then chasing the market down is the worst outcome. Get your HonestDoor Price, look at what sold recently, and be honest with yourself about where the number needs to land.
Bottom line - North Jubilee is not the fastest-growing pocket in Victoria right now, but houses here are still selling fast and above list. That is a real advantage if you use it. Check your HonestDoor Price today and know exactly where you stand before you make any moves.
north jubilee | oak bay | 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.