Oaklands, Victoria - July 2026 Real Estate Report

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

If you've been glancing at your latest property assessment and wondering if it tells the whole story - it doesn't. The average assessed value for a house in Oaklands sits at $1,019,780, but the average HonestDoor Price is $1,049,522. That's nearly $30,000 sitting on the table that the city's paperwork isn't showing you. For condos, the gap is even wilder. We'll get to that.

The Vibe: Houses vs. Condos in Oaklands Right Now

Houses

If you own a house in Oaklands, here's the honest picture. The market is steady - not on fire, not falling apart. Just steady.

• Average sale price: $956,000
• Average list price this month: $962,000
• Price per square foot: $805
• Homes are selling at 99.44% of list price - buyers are getting a slight edge, but sellers aren't giving much away
• Average days on market: 12 - faster than North Jubilee (15 days), slower than Hillside Quadra (10 days)
• Only 2 sales in 2026 so far, so read these numbers with that context in mind

The predicted market value for houses is $1,044,093, and that number is creeping up from the 3-month moving average of $1,037,363. So the direction is right, even if the pace is slow. Neighbourhood growth sits at 0.03% year over year, which ranks 13 out of 14 on the neighbourhood leaderboard in Victoria. That's near the bottom. But here's the flip side - our days-on-market rank is 2 out of 12. Homes here move fast. That's a real signal of demand even when price growth is quiet.

Rental potential is solid too. Estimated rent comes in at $4,340 per month with a rental yield of 4.61%. If you're thinking about holding and renting, that's a reasonable return in this market.

Condos

The condo picture in Oaklands is where things get interesting - and a little complicated.

• Average sale price: $490,000
• Average list price this month: $499,000
• Price per square foot: $583
• Properties sold at 98.20% of list price - buyers are getting a small discount
• Average days on market: 13 - still faster than North Jubilee (15 days)
• Only 1 condo sale in 2026 so far - treat these numbers as directional, not definitive

The assessed value for condos averages $499,040. But the HonestDoor Price? $1,230,442. That's a 146.56% gap. Now, with only 369 assessed condo properties and very low transaction volume, this gap likely reflects a mix of property types being grouped together. The point is - the city's assessment is not your market value. Not even close. The predicted market value sits at $1,241,707, though that's dipping slightly from the 3-month moving average of $1,253,414, and recent value change is down 0.97%. The condo segment is taking a breather.

On the neighbourhood leaderboard, condos rank 5 out of 14 for growth - above average in Victoria. Days on market ranks 4 out of 13. Price ranks 9 out of 14, which puts us below average on price compared to other Victoria neighbourhoods. Estimated rent is $4,408 per month, but the rental yield of 3.24% is more modest than the house side.

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

Your BC Assessment is a snapshot from July 1st of the previous year. It's already old by the time it lands in your mailbox. The HonestDoor Price updates in real time using actual sales data, market trends, and current conditions - not a government formula that's running months behind.

For houses in Oaklands, the HonestDoor Price is 2.92% higher than the average assessed value and has nudged up 0.52% from the previous period. That might sound small, but on a home worth over a million dollars, every percentage point is real money. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to look at first.

With 1,675 properties assessed in Oaklands this year, our average assessed value ranks 8th in Victoria. That's a strong position. But the HonestDoor Price tells us the real-world number is higher. Don't leave that difference on the floor.

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

Here's the straight talk for anyone considering listing in Oaklands this summer.

On the house side, you're in decent shape. Homes are moving in 12 days on average, buyers are paying close to full list price, and the predicted value is trending upward. The growth rank is low, but the demand signal - fast sales, strong transaction rank of 4th in Victoria - says buyers are paying attention to this neighbourhood. Pricing sharp and presenting well will matter. You're not in a frenzy market, but you're not fighting uphill either.

On the condo side, move carefully. Values have dipped 0.97% recently and the predicted value is sliding from its 3-month average. With only 1 sale in 2026 so far, there isn't a lot of comparable data to anchor your price. That said, Oaklands condos are still selling faster than North Jubilee, and the growth rank of 5 out of 14 puts us in above-average territory for Victoria condos. If you need to sell, price it right from day one. Sitting on the market won't help you here.

Bottom line - Oaklands is a stable, in-demand neighbourhood with real value that the city's assessment undersells. Check your HonestDoor Price before you make any move. It's the number that actually reflects what a buyer would pay you today.

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.