South Jubilee, Victoria - August 2026 Real Estate Report

South Jubilee, Victoria: Houses Are Flying, Condos Are Sitting - Here Is What You Need to Know

The Vibe Right Now

If you live on one of these tree-lined streets in South Jubilee and you have been wondering what is actually going on with the market, here is the straight answer: it depends entirely on what you own. Houses and condos are telling two very different stories right now, and knowing which one applies to you could be worth serious money.

Houses - The Market Is Hot and Moving Fast

For those of us with houses in South Jubilee, the numbers are genuinely strong. The average sale price is sitting at $1,315,000, and homes are selling in an average of just 7 days. That is not a typo. Seven days. South Jubilee ranks 1 out of 13 neighbourhoods in Victoria for speed of sale - meaning we are the fastest-selling market in the city right now.

• Average sale price: $1,315,000
• Average list price: $1,299,900
• Price per square foot: $972
• Sale-to-list ratio: 101.16% - buyers are paying over asking
• Average days on market: 7
• Speed rank in Victoria: 1 out of 13 (fastest)
• Price rank in Victoria: 2 out of 13 (near the top)

Buyers paying 101.16% of list price means competition is real. If you are a seller, that extra 1.16% above asking on a $1.3M home is roughly $15,000 landing in your pocket above what you listed for. That is a solid bonus just for pricing it right and letting the market do its thing.

The HonestDoor predicted market value for houses sits at $1,288,441, and it is trending upward from the 3-month moving average of $1,280,553. The growth rank for houses is 7 out of 14 - right in the above-average tier on the neighbourhood leaderboard. Not the top of the pack, but solidly ahead of the middle.

Condos - Taking a Breather

The condo side of South Jubilee is a different conversation. One condo sold this month, it took 71 days to move, and buyers paid 96.88% of list price - meaning sellers had to come down from their asking price to close the deal. For context, nearby North Jubilee condos are selling in 37 days. Ours are taking nearly twice as long.

• Average sale price: $460,000 (up 4.1% from last month)
• Average list price: $474,800
• Price per square foot: $428
• Sale-to-list ratio: 96.88% - buyers are negotiating below asking
• Average days on market: 71
• Days-on-market rank in Victoria: 14 out of 14 (slowest in the city)
• Price rank in Victoria: 11 out of 14 (below average)

The condo growth rank is 6 out of 14 - above average on the neighbourhood leaderboard - so the long-term picture is not grim. But right now, if you are trying to sell a condo this summer, patience and smart pricing are your best tools. The predicted market value for condos is $1,982,229, which is slightly higher than nearby North Jubilee ($1,680,735) and Fernwood ($1,941,471), so there is underlying value here. The market just needs more time to catch up.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is something most South Jubilee homeowners do not realize until it is too late. The city's assessed value for condos in this neighbourhood averages $519,475. The average HonestDoor Price? $1,973,705. That is a gap of 279.94%. Your tax assessment is essentially a snapshot from the past - it does not move with the market in real time.

The HonestDoor Price is updated continuously, pulling in actual sales data, neighbourhood trends, and current market conditions. It is the real-world check on what your property is actually worth today - not what a government office calculated months ago using old comparables. With 382 properties assessed in South Jubilee this year and only 10 transactions recorded in 2026 so far, the assessed value has very little fresh data to work with. Your HonestDoor Price does.

If you are making any financial decision - refinancing, selling, estate planning, or just curious - the HonestDoor Price is the number to start with, not the assessment notice in your mailbox.

The So What - Should You Sell This Summer?

If you own a house in South Jubilee, the case for selling this summer is strong. Homes are moving in a week, buyers are paying over asking, and you are sitting in one of the two most expensive neighbourhoods in Victoria for houses. The window is open right now. Waiting does not obviously make it better.

If you own a condo, the honest answer is that timing matters more. The market is slower, buyers have more leverage, and you will likely need to price sharper to compete. That said, the HonestDoor predicted value of $1,982,229 suggests there is real equity here - it just takes longer to find the right buyer. If you do not need to sell immediately, holding a little longer while the market finds its footing is a reasonable play.

Either way, the smartest first move is checking your HonestDoor Price at honestdoor.com. Know your real number before you make any decision. That is just good neighbourly advice.

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.