South Jubilee, Victoria - July 2026 Real Estate Report

South Jubilee, Victoria: Your House Is Worth More Than the City Thinks

If you own a home in South Jubilee and you haven't checked your actual market value lately, this is your nudge. The numbers here tell a pretty clear story - and it's a good one for sellers.

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 - Fast, Competitive, and Above Asking

If you've been watching the "For Sale" signs in South Jubilee, here's what's actually happening with houses: they're gone in a week, and buyers are paying more than the list price to get them.

• Average sale price: $1,315,000
• Average list price: $1,299,900
• Sale-to-list ratio: 101.16% - buyers are paying over asking
• Average days on market: 7 days
• Price per square foot: $972
• 2 sales last month

Seven days on market is not a typo. South Jubilee houses rank 1st out of 12 neighbourhoods in Victoria for speed of sale. That's the fastest in the city. When a well-priced house hits the market here, buyers move. The sale-to-list ratio above 100% means we're not in a "let's negotiate" market - we're in a "make your best offer now" market.

On the growth leaderboard, houses rank 10th out of 14 comparable Victoria neighbourhoods at 2.31% recent growth. Not the top of the class, but the price rank tells a different story - 3rd out of 13 for price. South Jubilee sits near the top for what homes are worth, even if appreciation isn't sprinting right now.

Condos - Affordable Entry Point, Moving Quickly

The condo side of South Jubilee is a different animal. Prices are up 16.2% from last month - a big jump - but buyers are still landing slightly below asking price, which makes this an interesting spot for both sides of the table.

• Average sale price: $430,000 (up 16.2% from last month)
• Average list price: $439,900
• Sale-to-list ratio: 97.75% - slight room to negotiate
• Average days on market: 8 days
• Price per square foot: $524
• 1 sale last month

South Jubilee condos rank 13th out of 14 for price in Victoria - meaning they're among the most affordable condos in the city. Compare that to Fernwood where condos sold at $504,000, or North Jubilee at $400,000. We sit right in the middle of our neighbours. Days on market rank is 2nd out of 13 - so even the affordable stuff moves fast here. The growth rank sits at 11th out of 14, and recent value change is -2.37%, so condos are taking a breather on appreciation. Worth watching.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the number that should make every South Jubilee homeowner sit up straight. The average assessed value for a condo in this neighbourhood is $519,475. The average HonestDoor Price is $1,982,229. That's not a rounding error - that's a gap of 281.58%.

Your city assessment is a snapshot taken months ago, using broad formulas that don't account for what's actually selling on your block right now. The HonestDoor Price pulls from real transaction data, current market trends, and neighbourhood-specific signals to give you a real-world number - not a bureaucratic one.

For South Jubilee specifically, the HonestDoor Price has increased 0.14% from the previous period. It's not a rocket ship, but it's moving in the right direction. With 382 properties assessed this year and only 4 transactions recorded in 2026 so far, the city's data pool is thin. The HonestDoor Price fills that gap.

How does South Jubilee stack up against the neighbours? Here's the leaderboard:

• South Jubilee: HonestDoor Price $1,982,229 - Growth -0.01%
• Fernwood: HonestDoor Price $1,941,471 - Growth -0.02% (cheaper, growing slower)
• Rockland: HonestDoor Price $1,726,479 - Growth 0.08% (cheaper, growing faster)
• North Jubilee: HonestDoor Price $1,680,735 - Growth -0.01% (cheaper, growing at the same pace)

South Jubilee sits at the top of this group for raw value. Rockland is the one to watch for growth momentum, but if you want the highest-value address in this cluster, we're it.

The "So What?" - Should You Sell This Summer?

If you own a house in South Jubilee and you've been thinking about selling, the conditions right now are about as good as it gets. Homes are selling in a week. Buyers are paying over list price. And your HonestDoor Price is likely sitting well above what your last tax notice suggested.

The predicted market value for houses sits at $1,291,215, up from the 3-month moving average of $1,284,095. That's a quiet but steady climb. Estimated rent of $4,996 per month with a 4.26% rental yield also means investors are paying attention to this neighbourhood - which keeps demand healthy even when the broader market cools.

For condo owners, the story is a bit more nuanced. Values have dipped 2.37% recently and the 3-month trend is softening from $2,002,072 down to a predicted $1,979,525. If you're thinking of selling a condo, sooner is probably better than waiting to see if that trend reverses. The good news - buyers are still showing up fast, and the Airbnb rank of 3rd in Victoria means short-term rental potential here is real, at roughly $304 per night.

Bottom line: South Jubilee is not a neighbourhood where you can afford to rely on old data. Check your HonestDoor Price, know what you actually own, and make your move with real numbers in hand.

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.