North Jubilee, Victoria - September 2026 Real Estate Report

North Jubilee, Victoria: Your House Is Worth More Than the City Thinks - But the Window Might Be Closing

The Vibe Right Now

If you've been watching the "For Sale" signs on the streets around here, here's what's actually happening in North Jubilee. The story is different depending on what you own - and that difference matters a lot if you're thinking about making a move this summer.

Houses: Still a Sellers' Game

Our house market is holding firm. The average sale price sits at $1,245,000, and the really telling number is this: homes are selling for 103.28% of list price. That means buyers are going over asking. In a city where a lot of neighbourhoods are softening, that's a strong signal.

• Average sale price: $1,245,000
• Average list price this month: $1,204,900
• Price per square foot: $956
• Average days on market: 12 days
• Sale-to-list ratio: 103.28% - buyers are paying above asking
• Properties sold last month: 2

Twelve days on market is fast. Really fast. North Jubilee houses rank 2nd out of 12 neighbourhoods in Victoria for speed of sale. When a house hits the MLS here, it doesn't sit around. That kind of urgency from buyers is exactly what pushes prices above list.

The honest caveat: the predicted market value from HonestDoor is currently $1,043,430, which is down slightly from the 3-month moving average of $1,059,740, and recent values have shifted by -2.37%. We rank 11th out of 14 neighbourhoods in Victoria for growth. The market isn't tanking - but it's taking a breather. Nearby Oaklands is sitting at a predicted value of $1,216,125, which puts us a notch below on that front.

Condos: A Different Story

We'll be straight with you - the condo side of North Jubilee is a buyers' market right now. The one condo that sold went for $273,000, which was 91.03% of the $299,900 list price. Buyers negotiated below asking, and the property sat for 58 days before it sold.

• Average sale price: $273,000
• Average list price this month: $299,900
• Price per square foot: $494
• Average days on market: 58 days
• Sale-to-list ratio: 91.03% - buyers are getting discounts
• Properties sold last month: 1

For context, condos in nearby Oaklands are moving in 41 days. Ours are taking 58. That gap tells you buyers have options and they know it. The condo growth rank is 13th out of 14 neighbourhoods in Victoria - that puts us near the bottom of the leaderboard. If you own a condo here and are thinking about selling, pricing it right from day one is not optional. It's everything.

The Secret Sauce: Your HonestDoor Price vs. What the City Says

Here's the number that should make every North Jubilee homeowner sit up straight. The city's average assessed value for properties here is $470,262. The average HonestDoor Price is $1,533,520. That's 226.10% higher than the city's assessment.

Let that land for a second. The government's number - the one that gets mailed to your door and feels official - is less than a third of what the real-world market says your property is worth. Assessments are backward-looking. They're based on a snapshot from months ago, using formulas that don't account for what's actually happening on your street right now.

The HonestDoor Price is a live estimate. It pulls from real transaction data and updates as the market moves. Yes, it has decreased 7.13% from the previous period - we're not hiding that. But even with that dip, it's still dramatically closer to what a buyer would actually pay than any government assessment you'll receive in the mail.

With 398 properties assessed in the neighbourhood this year and only 3 transactions recorded in 2026 so far, the city simply doesn't have enough recent sales data to give you an accurate picture. HonestDoor does.

How We Stack Up on the Neighbourhood Leaderboard

Curious how North Jubilee compares to the streets around us? Here's the honest breakdown on HonestDoor Prices and rental estimates for nearby neighbourhoods:

• South Jubilee - HonestDoor Price $1,869,098 - Rental estimate $5,945/month - Growth -0.01%
• North Jubilee - HonestDoor Price $1,533,520 - Rental estimate $4,429/month - Growth -0.01%
• Fernwood - HonestDoor Price $1,863,165 - Rental estimate $5,912/month - Growth -0.02%
• Oaklands - HonestDoor Price $1,161,801 - Rental estimate $4,229/month - Growth -0.02%

We sit in the middle of the pack on price. South Jubilee and Fernwood are running ahead of us on value. Oaklands is more affordable but also growing slower. If you're a buyer, North Jubilee offers a real entry point into a strong part of Victoria without paying South Jubilee prices.

So What Does This Mean If You're Thinking About Selling This Summer?

If you own a house in North Jubilee, the conditions are genuinely good right now. Buyers are paying over asking, homes are moving in under two weeks, and your HonestDoor Price is sitting well above what the city assessed you at. Summer inventory tends to rise, which means more competition for sellers. Getting your listing in front of buyers before that wave hits is a real advantage.

If you own a condo, the calculus is different. With 58 days on market and buyers paying below list, you need a sharp price and a clear strategy. Overpricing a condo in this neighbourhood right now is the fastest way to watch it sit while buyers shop Oaklands instead.

Either way, the first step is knowing your actual number - not the city's number. Pull your HonestDoor Price, compare it to what's sold nearby, and make your decision from there. That's how you go into a conversation with a realtor with real leverage instead of a government form from 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.