Oaklands, Victoria - August 2026 Real Estate Report

Oaklands, Victoria: Your Neighbour Probably Doesn't Know This Yet

If you own a home in Oaklands and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old. Here's what's actually happening on your street right now.

The Vibe: What the Market Is Doing in Oaklands

Oaklands is holding its ground. With 1,675 properties assessed this year and neighbourhood growth sitting at 0.03% year over year, we're not in a boom - but we're not sliding either. Think of it as the market catching its breath after a long run. For most of us here, that's actually a stable and sensible place to be.

Houses: Solid Ground, Smart Buyers

If you've been watching the "For Sale" signs in Oaklands, here's what's actually happening with houses right now.

• Average sale price: $983,225 - essentially unchanged from last month
• Current listings averaging: $1,024,925
• Price per square foot: around $855
• Homes are selling at 96.14% of list price - buyers are negotiating, and winning
• Average days on market: 33 days
• Predicted market value: $1,049,522 - up from the 3-month average of $1,040,315
• Estimated rent: $4,355 per month, with a rental yield of 4.60%

Four houses sold in Oaklands recently - a quiet number, but the pace tells a better story. At 33 days on market, our houses are moving faster than North Jubilee (37 days) and Hillside Quadra (40 days). That's real demand, not just noise. On the neighbourhood leaderboard, Oaklands houses rank 3 out of 14 in Victoria for growth. That puts us firmly in the above-average tier - ahead of most of our neighbours.

Condos: Fast Moves, Interesting Numbers

The condo picture in Oaklands is a bit different, and worth paying close attention to.

• Average sale price: $502,000 - up 2.4% from last month
• Current listings averaging: $499,900
• Price per square foot: around $558
• Properties sold at 100.42% of list price - buyers are paying over asking
• Average days on market: 14 days - the fastest in Victoria, ranked 1 out of 14
• Predicted market value: $1,230,442
• Estimated rent: $4,367 per month, with a rental yield of 3.26%

Condos here are flying off the market. Fourteen days average is not a slow market - that's a sprint. Buyers are paying above list price, which tells us demand for condos in Oaklands is real and competitive right now. The one caveat: growth ranks 12 out of 14 in Victoria, so while condos are selling fast, the value appreciation side is taking a breather. Worth knowing before you make any big decisions.

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

Here's the thing about your BC Assessment. It's a snapshot taken months ago, using data that's even older than that. It's not wrong - it's just slow. The city's assessment for houses in Oaklands averages $1,019,780. The HonestDoor Price right now? $1,022,026. That's a 0.22% difference - close, but the HonestDoor Price is updated in real time, not once a year.

For condos, the gap is impossible to ignore. The average assessed value sits at $499,040. The HonestDoor Price is $1,216,125 - that's 143.69% higher than the assessed value. If you're a condo owner in Oaklands and you're making financial decisions based on your assessment, you could be working with a number that dramatically undersells what you actually own.

The HonestDoor Price is the real-world check. It reflects what buyers are actually paying today, not what a government formula calculated last year. Check yours at HonestDoor before you do anything else.

The So What: Thinking About Selling This Summer?

For house sellers, the timing is reasonable. Predicted values are ticking up, you're selling faster than most nearby neighbourhoods, and sitting at rank 3 out of 14 for growth in Victoria means Oaklands has a strong story to tell buyers. The catch is that buyers are negotiating - homes are closing at about 96% of list price. Price it right from day one and you'll move it. Overprice it and you'll sit.

For condo sellers, this summer could be your window. Condos are selling in 14 days and going over asking. That's a sellers' market in plain language. The predicted value of $1,230,442 is slightly down from the 3-month average of $1,242,021, so the trend isn't climbing - but the speed of sales says buyers are motivated right now. If you've been sitting on the fence, waiting for the "right time," this is a pretty good argument to get off it.

Either way, start with your HonestDoor Price. It's free, it's current, and it's the number that actually reflects what your Oaklands property is worth today - not last January.

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.