North Park, Victoria - August 2026 Real Estate Report

North Park, Victoria: Your Home Is Worth More Than the City Thinks

If you own a place in North Park and you have not checked your HonestDoor Price lately, you are probably leaving money on the table - or at least walking around with the wrong number in your head. The city's assessment is not lying to you, but it is definitely behind the times.

The Vibe: What Is Actually Happening on Our Streets

North Park is holding its ground. With 285 properties assessed and neighbourhood growth sitting flat year over year, we are not in a boom - but we are not sliding either. Think of it as the market catching its breath after a long run. Here is how houses and condos are each telling their own story right now.

Houses: Affordable, Fast, and Flying Under the Radar

If you have been watching the "For Sale" signs in North Park, here is what is actually happening with houses. We are ranked 2nd out of 14 Victoria neighbourhoods for growth rate, and 2nd out of 13 for how fast homes sell. That is a strong combo. Homes are moving in an average of 14 days, which tells you buyers are not dragging their feet.

• Average sale price: $698,000
• Current listings averaging: $699,000
• Price per square foot: $515
• Sold at 99.86% of list price - buyers are paying close to full ask
• Predicted market value: $992,575 - up from the 3-month average of $976,530
• Estimated rent: $4,122 per month
• Rental yield: 4.78%
• Price rank: 13 out of 13 - among the most affordable houses in Victoria
• Growth rank: 2 out of 14 - near the top of the neighbourhood leaderboard

That last point is worth sitting with. We are one of the most affordable house markets in the city, and one of the fastest-growing. That gap does not stay open forever. Compared to Downtown, where houses are averaging $599,900, North Park is already ahead on price - and the predicted value of $992,575 suggests there is more room to run.

Condos: A Quirky Number That Deserves a Closer Look

The condo picture in North Park is a bit more complicated, and honestly, it is worth a second read. The average HonestDoor Price for condos sits at $2,204,358 - which is 389% higher than the average city assessment of $450,627. That is a massive gap, and it signals that the assessed value is seriously out of step with what the market is actually doing.

• Average assessed value: $450,627
• Average HonestDoor Price: $2,204,358 (down 0.69% from last period)
• Average sale price: $430,000
• Listings averaging: $448,000
• Price per square foot: $605
• Sold at 95.98% of list price - some negotiating room exists
• Average days on market: 52 days
• Predicted market value: $2,219,650
• Estimated rent: $6,366 per month
• Rental yield: 2.80%
• Airbnb rank in Victoria: 2nd - near the top for short-term rental income potential
• Growth rank: 9 out of 14 - below average on the neighbourhood leaderboard

Condos are taking about 52 days to sell, which is slower than Downtown's 39 days but faster than Harris Green's 58 days. The predicted value is also dipping slightly below the 3-month moving average of $2,251,832. So condos are taking a breather. Not a freefall - just a breather. The short-term rental story is still strong though. A number-2 Airbnb rank in all of Victoria is not something to ignore if you are thinking about your options.

The Secret Sauce: Why Your HonestDoor Price Matters More Right Now

Here is the honest truth about property assessments in Victoria. The city calculates your assessed value once a year, using data that is already months old by the time it lands in your mailbox. It is a snapshot of the past, not a picture of today.

The HonestDoor Price is updated in real time using actual market activity. For houses in North Park, the average HonestDoor Price is $970,982 - that is 3.45% higher than the average city assessment. For condos, the gap is not 3% or even 30% - it is nearly 390%. If you are making any financial decision based on your tax assessment alone, you are working with incomplete information.

Think of the HonestDoor Price as the real-world check. It is what the market is actually saying your home is worth today - not what a government formula calculated last July.

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

If you own a house in North Park and you are thinking about listing this summer, the timing is not bad. Homes are selling in 14 days on average, buyers are paying within a hair of list price, and the predicted value is trending up. You are sitting in a top-2 growth neighbourhood in Victoria. That is a real selling point - literally.

For condo owners, the picture calls for a bit more strategy. The market is softer, days on market are longer, and the predicted value has ticked down slightly. That does not mean do not sell - it means price it right from day one. With buyers paying around 96% of list price, an overpriced listing will sit. A well-priced one will move.

Either way, the first step is the same. Check your HonestDoor Price at HonestDoor.com before you call an agent, set a price, or make any move. Know your real number first. Everything else follows from there.

• Houses - predicted value: $992,575 - trending up
• Condos - predicted value: $2,219,650 - watch the trend before listing
• Rental income (houses): $4,122 per month - solid for investors
• Rental income (condos): $6,366 per month - strong cash flow potential
• North Park Airbnb rank: 2nd in Victoria for condos - a real short-term rental play
• House growth rank: 2nd out of 14 neighbourhoods - near the top of the leaderboard

North Park is not the flashiest name in Victoria real estate right now. But the numbers say it is one of the smarter places to own. Keep watching this one.

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.