Rockland, Victoria - July 2026 Real Estate Report

Rockland Is Sitting on More Money Than the City Thinks

If you own a home in Rockland, Victoria, there is a good chance your property is worth significantly more than what BC Assessment is telling you. The numbers back this up. The average HonestDoor Price for a house here is $1,866,394 - that is 8.76% above the average assessed value of $1,716,013. For condos, the gap is even wilder. We will get into that below.

The Vibe: Houses vs. Condos in Rockland Right Now

Houses - Strong Value, Taking a Breather on Speed

If you have been watching the "For Sale" signs in Rockland, here is what is actually happening. Houses are selling, but buyers have a bit of leverage right now.

• Average sale price: $1,330,000
• Average list price this month: $1,384,490
• Price per square foot: $865
• Homes are selling at 96.08% of list price - buyers are paying below ask
• Average days on market: 28 days
• Predicted market value: $1,856,756
• That predicted value is up from the 3-month moving average of $1,819,415
• Recent value change: up 4.58%
• Estimated monthly rent: $6,436 with a rental yield of 3.85%

The 28-day average to sell is longer than nearby Fernwood, where homes are moving in 16 days. So yes, the house market here is taking a breather compared to some neighbours. But here is the thing - Rockland houses rank 1 out of 14 neighbourhoods in Victoria for growth rate. We are not losing ground. We are just not in a frenzy, and that is not a bad place to be if you are a seller who wants a clean, serious transaction.

One note for context: Gonzales houses are averaging a sold price of $1,520,000, which is higher than Rockland's recent average sale price of $1,330,000. That gap is worth watching.

Condos - Premium Prices, But the Trend Needs Watching

Rockland condos are priced at the top of the Victoria market - rank 2 out of 14 neighbourhoods for price. But the short-term momentum has softened.

• Average sale price: $990,000
• Price per square foot: $538
• Properties sold at 97.01% of list price - still below ask, but close
• Average days on market: 41 days
• Predicted market value: $1,721,997
• 3-month moving average: $1,739,792 - the predicted value is dipping below this
• Recent value change: -2.17%
• Estimated monthly rent: $5,851 with a rental yield of 2.70%
• Growth rate ranks 8 out of 14 in Victoria - below average right now

The condo side is slower to sell than houses - 41 days on market puts us at rank 10 out of 13 in Victoria for speed. We are actually faster than Gonzales condos at 46 days, so demand is not gone. But the dip in predicted value and the below-average growth rank tell us this segment is cooling. If you own a condo here, pay attention to the next few months.

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

Here is the honest truth about BC Assessment. It is a snapshot taken months in the past, using data that is already stale by the time it lands in your mailbox. It is not designed to tell you what a buyer would pay today. It is designed to calculate your tax bill.

The HonestDoor Price is the real-world check. It pulls from current market activity and updates in real time. For Rockland houses, that means a difference of roughly $150,000 between the assessed value and the HonestDoor Price. For condos, the gap is extraordinary - the average assessed value is $866,200, while the average HonestDoor Price is $1,726,479. That is a 99.32% difference. Your condo could be worth nearly double what the city has on file.

Rockland holds the number 1 rank in Victoria for average assessed value. That is a strong foundation. But relying on that assessment number alone when making a financial decision - whether it is refinancing, selling, or just understanding your net worth - means you are working with incomplete information.

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

Here is the straight talk for anyone considering listing in Rockland this summer.

For house sellers - the fundamentals are working in your favour. Growth ranks first in Victoria. The predicted value is trending upward. Buyers are active, even if they are not in panic-buying mode. The 4.58% recent value change is real momentum. Price it right and you will find a buyer. Price it like it is 2022 and you will sit. The 96.08% sale-to-list ratio tells you the market will correct an overpriced listing quickly.

For condo sellers - the window may be tighter. The predicted value is dipping below the 3-month average, and the -2.17% recent change is a signal worth taking seriously. Rockland condos are still among the most expensive in Victoria, which means your buyer pool is smaller. If selling is on your radar, sooner is likely better than later while the price rank holds.

For both - check your HonestDoor Price before you do anything else. With 748 houses and 297 condos assessed this year in Rockland, and neighbourhood growth sitting at 0.02% for houses and 0.08% for condos year over year, the market is moving. Your assessment is not keeping up. Your HonestDoor Price is.

• Rockland house growth rank: 1 out of 14 in Victoria - top of the leaderboard
• Rockland condo growth rank: 8 out of 14 in Victoria - middle of the pack
• Average rental income potential: $6,464 per month for houses, $5,848 for condos
• Airbnb rank in Victoria: 4 for houses, 5 for condos - strong short-term rental appeal
• Nearby comparison: Gonzales, Fernwood, and Fairfield are all priced lower for houses

Bottom line - Rockland is one of Victoria's most valuable neighbourhoods by almost every measure. But value only works for you if you know what it actually is. That starts with your HonestDoor Price.

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.