North Park, Victoria - July 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 sitting on more equity than your last tax assessment is telling you. The city's number is a snapshot from the past. The real-world number is higher - and in some cases, a lot higher.

The Vibe: What Is Actually Happening on Our Streets

Houses - Steady, Affordable, and Moving

If you have been watching the "For Sale" signs in North Park, here is what is actually happening with houses. We are in a stable market right now. Homes are selling, just not in a frenzy.

• Average sale price: $725,000
• Current listings averaging: $750,000
• Price per square foot: $586
• Homes selling at 96.67% of list price - buyers are getting a small discount
• Average days on market: 25 days
• HonestDoor predicted value: $985,086
• 3-month moving average: $973,161 - and values are climbing past it
• Estimated monthly rent: $4,105 with a 4.79% rental yield
• Recent value change: up 3.48%

That 25-day sell time is actually a good sign for us. Downtown houses are sitting for 30 days. North Park houses are moving faster, which tells you demand here is real. The sale price of $725,000 also beats Downtown's $611,075 average, while still coming in below Harris Green's $785,000. We are the sweet spot on that leaderboard.

On the neighbourhood growth leaderboard, North Park houses rank 6 out of 14 neighbourhoods in Victoria - that puts us in the above-average tier. Not leading the pack, but solidly ahead of the middle. For price, we rank 13 out of 13, which means we are the most affordable option in our comparison group. For buyers, that is a feature. For sellers, it means there is room to grow.

Condos - A Different Story Worth Paying Attention To

The condo picture in North Park is more nuanced, and we should be honest about it.

• Average sale price: $389,980
• Listings averaging: $389,980 - condos are selling right at list price (100%)
• Price per square foot: $389
• Average days on market: 34 days
• HonestDoor predicted value: $2,225,647
• 3-month moving average: $2,229,839 - values are easing slightly
• Estimated monthly rent: $6,380 with a 2.80% rental yield
• Recent value change: down 3.66%
• Airbnb rank in Victoria: 2nd - this neighbourhood is a short-term rental powerhouse

The condo market is taking a breather. Values are down 3.66% recently, days on market are longer than Downtown, and the growth rank sits at 13 out of 14 neighbourhoods. That is a signal to pay attention to, not panic about, but pay attention to. The one bright spot for condo owners? North Park ranks 2nd in all of Victoria for Airbnb income potential. If you own a condo here and you are not thinking about short-term rental income, that is worth a conversation.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is the thing about your BC Assessment notice. It is based on data that is already months old by the time it lands in your mailbox. It is a government estimate built for tax purposes, not for telling you what your home is actually worth today.

The HonestDoor Price is updated in real time using current sales data, market trends, and what buyers are actually paying right now. For North Park houses, the average assessed value sits at $938,631. The average HonestDoor Price is $992,576 - that is 5.75% higher, and it has nudged up another 0.76% just in the last period. That gap between what the city thinks your house is worth and what the market says it is worth is real money.

For condos, the gap is even more dramatic. The average assessed value is $450,627. The HonestDoor Price is $2,219,650. That is a 392.57% difference. Now, that kind of spread usually points to a specific mix of property types being assessed versus what is trading on the open market - but the core message stands. Do not let a static government number be the last word on your equity.

Check your HonestDoor Price. It is the real-world check your assessment will never give you.

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

If you are a North Park homeowner weighing a summer sale, here is the straight talk.

For house owners, the timing is reasonable. Values are trending up past the 3-month average, demand is outpacing nearby neighbourhoods on sell speed, and you are sitting in the most affordable tier of Victoria - which means buyers are actively looking here. You are not going to get a bidding war frenzy, but you will get serious buyers and a fair price. Listing closer to your HonestDoor Price of around $985,000 rather than anchoring to your assessment gives you a stronger starting position.

For condo owners, be strategic. The market is softer right now - values have dipped 3.66% and it is taking longer to sell than in some nearby areas. If you do not need to sell this summer, waiting for the market to stabilize could protect your return. If you do need to move, pricing sharp and leaning into North Park's incredible Airbnb ranking (2nd in Victoria) as a selling feature for investors could help you find the right buyer faster.

Either way, the first step is knowing your real number. Not the city's number. Yours.

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.