Oaklands, Victoria - September 2026 Real Estate Report

Oaklands, Victoria: The Market Is Telling You Something Right Now

If you own a home in Oaklands and you haven't checked your HonestDoor Price lately, this is your nudge. Things are shifting - and your BC Assessment notice from January is already out of date.

The Vibe: What's Actually Happening in Our Neighbourhood

Houses - Taking a Breather

Let's be straight with each other. The house market in Oaklands is cooling. Homes are sitting on the market for an average of 84 days, and that's the slowest of any neighbourhood we track in Victoria - dead last at rank 12 out of 12. Compare that to North Jubilee where houses are moving in 58 days, and you get the picture.

• Average sale price: $1,375,000
• Average list price this month: $1,424,450
• Price per square foot: $1,275
• Sale-to-list ratio: 95.87% - buyers are negotiating below asking
• Properties sold in 2026: 2
• Average days on market: 84

Only 2 houses sold so far in 2026. That's thin volume. When buyers have options and aren't rushing, they push back on price - and sellers here are accepting it. The predicted market value for houses sits at $1,022,026, which is sliding below the 3-month moving average of $1,038,547. Values are down 2.62% recently, and on the neighbourhood growth leaderboard, Oaklands houses rank 14 out of 14. That's the honest truth.

The silver lining? Price rank is 5 out of 13 across Victoria. We're still an above-average priced neighbourhood. That matters if you're selling - there's a real buyer pool here, it just takes longer to find them right now.

Condos - A Mixed Bag

Condos are a different story, and not entirely a bad one. They're moving faster than houses - 41 days on market compared to 84 - and faster than North Jubilee condos at 58 days. That's a real signal of relative demand.

• Average sale price: $487,333
• Average list price this month: $496,267
• Price per square foot: $496
• Sale-to-list ratio: 98.20% - very close to asking
• Properties sold in 2026: 3
• Average days on market: 41

Condo sellers here are getting 98.20 cents on every listed dollar. That's solid. And our average sale price of $487,333 beats nearby Hillside Quadra condos at $399,000. We're not the cheapest option - and buyers are still paying for that.

That said, condo values have dipped 1.16% recently, and the predicted value of $1,216,125 is trending below the 3-month moving average of $1,229,425. On the growth leaderboard, Oaklands condos rank 12 out of 14. Not a number to ignore. Fernwood and North Jubilee condos are outperforming us on growth right now.

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 from July 1st of last year. The market has moved since then - and in Oaklands, it hasn't moved in a flattering direction for houses.

The average assessed value for a house here is $1,019,780. The HonestDoor Price right now is $1,017,388. That's a gap of only $2,392 - but the direction matters. The HonestDoor Price has already adjusted downward 0.45% from the previous period. Your assessment hasn't caught up to that yet.

For condos, the gap is even more striking. The average assessed value is $499,040, but the HonestDoor Price is $1,161,801 - that's 132.81% higher than the assessed value. If you're a condo owner using your assessment to gauge what your unit is worth, you're working with a number that's wildly off from market reality.

The HonestDoor Price is updated in real time using actual transaction data. It's the number that reflects what a buyer would actually put on paper today - not what a government formula calculated eight months ago.

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

If you're a house owner in Oaklands and you're thinking about listing this summer, here's the real talk. You're entering a buyers' market. Homes are taking nearly three months to sell. Buyers know it, and they're negotiating accordingly - the average sale comes in at 95.87% of list price.

That doesn't mean don't sell. It means price it right from day one. Overpricing a house in this market is the fastest way to sit on it through summer and into fall. A sharp list price - one anchored to your HonestDoor Price, not your assessment - gives you the best shot at a clean, faster sale.

If you own a condo and you're thinking about selling, your timing is comparatively better. Condos are moving in 41 days and selling close to list. The window is open - but values are still drifting down, so waiting isn't obviously rewarding you.

• Rental income potential for houses: $4,280 per month with a 4.64% yield
• Rental income potential for condos: $4,330 per month with a 3.27% yield
• Airbnb potential: $213 per night for houses, $215 per night for condos
• Oaklands Airbnb rank in Victoria: 16 for houses, 10 for condos

If selling feels uncertain, the rental numbers are a reasonable backstop. A house renting at $4,280 a month is real money while you wait for the market to find its footing. Check your HonestDoor Price, run the rental estimate, and make the call with actual numbers in hand - not a guess.

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.