Oaklands, Victoria - October 2026 Real Estate Report
Oaklands, Victoria: What Your Home Is Actually Worth Right Now
If you live in Oaklands and you haven't checked your HonestDoor Price lately, this is your nudge. The market here is doing something interesting - and your BC Assessment notice is probably not telling you the full story.
The Vibe: What's Happening on Our Streets
Oaklands is a neighbourhood that knows its own worth. With 1,675 houses and 369 condos assessed this year, there's a lot of real estate value sitting on these blocks. But the two property types are telling very different stories right now.
Houses: Steady, But Buyers Are in the Driver's Seat
If you've been watching the "For Sale" signs in Oaklands, here's what's actually happening with houses. The market is taking a breather.
- Average sale price: $932,500
- Average list price this month: $974,996
- Price per square foot: $880
- Homes are selling at 95.50% of list price - buyers are negotiating, and winning
- Average days on market: 90 days
- Properties sold in 2026 so far: 2 this month, 15 total
- Predicted market value: $1,017,388
- Rental yield: 4.65% with estimated rent of $4,266 per month
Ninety days on market is a long time. For context, houses in North Jubilee are moving in 58 days. That gap matters if you're a seller counting on a quick close. The predicted value is also slipping - down from a 3-month moving average of $1,029,645. That's a signal worth paying attention to.
On the neighbourhood leaderboard, Oaklands houses rank 10 out of 14 for growth rate in Victoria. Not last, but not leading the pack either. Days-on-market rank sits at 10 out of 11 - that's the honest truth about how slowly houses are moving here right now.
Condos: A Split Screen Story
Condos in Oaklands are more complicated - and more interesting. Sales prices jumped 44.8% from last month to an average of $485,000. Before you get too excited, that's based on 2 sales, so treat it as a directional signal, not a guarantee.
- Average sale price: $485,000
- Average list price this month: $497,450
- Price per square foot: $530
- Homes selling at 97.47% of list price - close, but still under asking
- Average days on market: 48 days
- Properties sold in 2026 so far: 2 this month, 8 total
- Predicted market value: $1,161,801
- Rental yield: 3.30% with estimated rent of $4,229 per month
The condo growth rate also ranks 10 out of 14 in Victoria. And the predicted value has dropped from a 3-month moving average of $1,202,789 - a shift of -4.47% recently. Condos here are moving faster than North Jubilee (58 days) but slower than Hillside Quadra (31 days). We're in the middle of the pack.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing about your BC Assessment. It's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it's already old news. The market doesn't wait for paperwork.
For houses in Oaklands, the average assessed value sits at $1,019,780. The HonestDoor Price right now is $1,018,395 - essentially the same, which actually tells you the assessment is reasonably calibrated for houses this cycle. That's useful to know.
Condos are a completely different story. The average assessed value for condos is $499,040. The average HonestDoor Price is $1,192,299 - that's 138.92% higher than the assessed value. If you own a condo in Oaklands and you're basing any financial decision on your assessment, you are working with a number that is dramatically out of step with what the market says your unit is worth. The HonestDoor Price is updated in real time using actual transaction data. That's the number that reflects what a buyer would pay today.
The HonestDoor Price for condos has also increased 2.63% from the previous period, even as the short-term trend dips. That longer-term movement matters for anyone thinking about refinancing, selling, or just understanding their net worth.
The So What: Should You Sell in Oaklands This Summer?
If you're a house owner thinking about listing this summer, go in with clear eyes. Buyers have options and they know it. Homes are sitting for 90 days on average, and the sold-to-list ratio of 95.50% means you should expect negotiation. Price it right from day one - overpricing in this market costs you time, and time costs you money.
The good news is that Oaklands holds its own on price. Our average assessed value ranks 8th in Victoria. We're not a bargain-bin neighbourhood. But with a growth rate in the bottom half of the city leaderboard and values trending slightly below the 3-month average, waiting for prices to spike before selling is not a strategy the data supports right now.
For condo owners, the picture is more nuanced. Your HonestDoor Price is likely far higher than you think - especially compared to what the city assessed you at. If you've been sitting on a condo wondering whether it's worth selling, pull your HonestDoor Price first. You might be surprised. The average Airbnb potential of $212 per night also gives owners a short-term rental option worth running the numbers on - Oaklands ranks 10th in Victoria for Airbnb potential.
Bottom line: Oaklands is a stable, well-priced neighbourhood in a market that is clearly favouring buyers right now. If you're selling, preparation and realistic pricing win. If you're staying put, knowing your real number - not the government's number - puts you in a stronger position for whatever comes next.
- Neighbourhood year-over-year growth (houses): 0.03%
- Neighbourhood year-over-year growth (condos): -0.02%
- Total transaction rank in Victoria (houses): 4th - we are an active market
- Nearby comparison - Fernwood house HonestDoor Price: $1,062,206 - slightly ahead of us
- Nearby comparison - Hillside Quadra house HonestDoor Price: $1,015,397 - just behind us
Want to know exactly where your property sits? Check your HonestDoor Price at HonestDoor.com. It takes 30 seconds and it's the most current number you'll find.
oaklands | victoria | october 2026This 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.