Rockland, Victoria - August 2026 Real Estate Report

Rockland Is Still Victoria's Priciest Address - But the Market Is Sending Signals Worth Watching

If you own a home in Rockland and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment office has you pegged at one number. The real world says something very different - and the gap is bigger than you might think.

The Vibe: What's Actually Happening on Our Streets

Let's break it down by property type, because houses and condos are telling two different stories right now.

Houses - A Breather, Not a Breakdown

We saw only 1 house sell in Rockland this month - down 50% from last month - and the average sale price came in at $1,150,000, which is down 13.5% from the previous period. That sounds alarming, but context matters. With so few sales, one outlier transaction can swing the average hard. The listing average is sitting at $1,175,000, and homes are selling at 97.87% of list price, meaning buyers are getting a small discount but sellers aren't giving the house away.

• Average sale price: $1,150,000
• Average list price: $1,175,000
• Price per square foot: $708
• Average days on market: 36
• Sale-to-list ratio: 97.87%

Homes are sitting for 36 days on average. That's not a fire sale pace. Our days-on-market ranks 8th out of 13 comparable Victoria neighbourhoods - so we're on the slower side of the city right now. The market is taking a breather. That's the honest read.

The bigger picture for houses looks stronger. The HonestDoor predicted value for a Rockland house is $1,865,852 - up from the 3-month moving average of $1,832,676. That upward trend in predicted value matters more than one slow month of sales. Growth ranks 4th out of 14 comparable Victoria neighbourhoods. That puts us solidly above average on the city leaderboard.

Condos - Steady, Premium, and Sitting a Bit Longer

The condo side of our neighbourhood is quieter. One sale at $990,000, with properties moving at 97.01% of list price. Buyers are getting a small discount here too. Condos are averaging 41 days on market, and our days-on-market ranks 9th out of 14 - so again, not the fastest-moving product in Victoria right now.

• Average sale price: $990,000
• Price per square foot: $538
• Average days on market: 41
• Sale-to-list ratio: 97.01%

Here's the interesting part for condo owners: the HonestDoor predicted value sits at $1,726,479, which is slightly below the 3-month moving average of $1,736,206. A small dip in momentum. Growth ranks 5th out of 14 comparable Victoria neighbourhoods - still above average, but worth keeping an eye on. Price rank is 2nd out of 14, meaning Rockland condos are among the most expensive in Victoria. That's a strong position to be in, even in a quieter market.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the number that should get every Rockland homeowner's attention. The city's average assessed value for a house here is $1,716,013. The average HonestDoor Price is $1,863,966. That's a gap of roughly $148,000 - and the HonestDoor Price runs 8.62% higher than the assessed average across Victoria.

For condos, the gap is even more striking. The average assessed value is $866,200. The average HonestDoor Price is $1,718,453. That's 98.39% higher than the assessed value. Your city assessment is not your market value. It's a snapshot frozen in time, built on a methodology that doesn't move with the market the way real buyers and sellers do.

The HonestDoor Price is updated in real time, pulling from actual transaction data and current market signals. If you're making any financial decision - refinancing, selling, estate planning, or just benchmarking your net worth - the HonestDoor Price is the number that reflects what a buyer would actually pay today. The assessment is what the city calculated months ago for tax purposes. Those are two very different things.

Rockland also holds the top assessed value rank in all of Victoria - ranked 1st. That's a strong foundation. But the HonestDoor Price tells you what that foundation is actually worth right now.

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

If you're weighing a summer sale, here's the straight talk.

For house sellers - the predicted value trend is moving in your favour. At $1,865,852 and climbing above the 3-month average, the underlying value story is solid. But buyers right now are taking their time - 36 days on market and negotiating small discounts. Price it sharp from day one. A home sitting 60 days in Rockland loses its shine fast, and buyers notice.

For condo sellers - you're sitting in the 2nd most expensive condo market in Victoria. That's real leverage. But the predicted value is dipping slightly below its 3-month average, and buyers are patient. Presentation and pricing strategy matter more than ever. Don't leave money on the table by anchoring to your city assessment - your HonestDoor Price is the smarter starting point for that conversation with your agent.

Rental income potential is strong if you're not ready to sell. Houses are estimated at $6,462 per month in rent, with a rental yield of 3.84%. Condos come in at $5,848 per month. And if short-term rental is on your radar, Rockland ranks 2nd in Victoria for Airbnb potential - with house estimates around $321 per night.

Bottom line: Rockland is still one of Victoria's most valuable addresses. The market is moving carefully right now, not crashing. Sellers who price with current data - not last year's assessment - will be the ones who close strong this summer.

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.