North Jubilee, Victoria - August 2026 Real Estate Report

North Jubilee, Victoria: Your Neighbour Just Got $1.4M for Their House. Here's the Full Story.

The Vibe Right Now

If you've been watching the "For Sale" signs on the streets around here, the house market is doing something interesting. Sales are happening fast and above asking price. The condo side? A different story. Let's break it down.

Houses - Still a Sellers' Game

The one house that sold this month went for $1,400,000 - and that was 103.7% of the list price. Buyers paid over asking. That's not a fluke, that's leverage. If you own a house in North Jubilee right now, you have it.

• Average sale price: $1,400,000
• Average list price this month: $1,350,000
• Price per square foot: $1,178
• Average days on market: 15
• Sale-to-list ratio: 103.7% - buyers paid above asking

Fifteen days on market is quick. It's a hair slower than Oaklands at 14 days, so we're not sprinting - but we're not sitting still either. The predicted market value sits at $1,068,776, up from the 3-month moving average of $1,058,102. Small move, but it's moving in the right direction.

On the neighbourhood leaderboard, North Jubilee houses rank 5 out of 14 in Victoria for growth. That's solidly above average. Days-on-market rank is 3 out of 13 - meaning we sell faster than most of the city. The one number to watch: price rank is 10 out of 13, which tells us we're not the priciest block in Victoria. That's actually a selling point for buyers who've been priced out elsewhere.

Condos - Taking a Breather

The condo picture is cooler. One unit sold at $315,000 - that's 95.74% of the $329,000 list price. Buyers got a discount. At 37 days on market, condos here are sitting longer than houses, and the predicted value of $1,680,735 is actually dipping from the 3-month average of $1,709,321.

• Average sale price: $315,000
• Average list price this month: $329,000
• Price per square foot: $522
• Average days on market: 37
• Sale-to-list ratio: 95.74% - buyers negotiated below asking

On the leaderboard, condo growth ranks 13 out of 14 in Victoria. That's a number worth knowing if you're a condo owner thinking about timing. The market is telling you something. Rental yield on condos comes in at 3.31% - moderate, not exciting. Estimated rent is $4,584 per month if you're thinking about holding instead of selling.

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

Here's the thing most North Jubilee homeowners don't realize. The city's assessed value for condos here averages $470,262. The average HonestDoor Price? $1,651,341. That's 251% higher than what the government has on file.

Your tax assessment is a snapshot from the past. It doesn't update in real time. The HonestDoor Price pulls from current sales, current demand, and what buyers are actually paying on the street right now. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world number you should be looking at, not a government figure that's already months behind.

Yes, the HonestDoor Price has dipped 1.75% from the previous period. But it's still dramatically ahead of assessed value. That gap is your equity. Know it.

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

If you own a house in North Jubilee, this summer is worth a serious conversation. Buyers are paying over asking, homes are moving in two weeks, and demand is real. You're not at the top of Victoria's price rankings, which means buyers who've been squeezed out of pricier neighbourhoods are looking at us. That's a good thing for sellers.

If you own a condo, be honest with yourself about the timing. Values are dipping, days on market are stretching to 37, and growth ranks near the bottom of the city right now. That doesn't mean don't sell - it means price it right from day one. Overpricing a condo in this market is the fastest way to watch it sit.

Either way, check your HonestDoor Price before you do anything. It's the fastest way to know where you actually stand - not where the city thinks you stood last year.

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.