South Jubilee, Victoria - October 2026 Real Estate Report
South Jubilee, Victoria: Your Neighbour Just Listed for $1.2M - Here Is What You Need to Know
The Vibe Right Now
If you have been watching the "For Sale" signs on the streets around South Jubilee, here is what is actually happening. The market is taking a breather. Buyers have a bit more room to negotiate, days on market are sitting around 36 days for both houses and condos, and sellers are not getting everything they ask for. But the numbers are not falling off a cliff either - this is a market finding its footing, not one in freefall.
Houses: Steady, But Buyers Are Holding the Cards
Only one house sold this month, so take the averages with a grain of salt - but here is the snapshot for South Jubilee houses right now.
- Average sale price: $1,137,000
- Average list price: $1,199,900
- Price per square foot: $475
- Sale-to-list ratio: 94.76% - buyers are paying about $62,000 below asking on average
- Average days on market: 36
- HonestDoor predicted value: $1,254,535
That sale-to-list ratio is the number to watch. When buyers are consistently landing below asking price, it tells us the negotiating power has shifted. If you are a seller, pricing sharp from day one matters more than ever. Overpricing and hoping for a bidding war is not the play in this market.
On the neighbourhood leaderboard, South Jubilee houses rank 11 out of 14 for growth in Victoria. That is a below-average position. It does not mean prices are crashing - it means other Victoria neighbourhoods are outpacing us right now. Worth knowing if you are comparing your options.
Condos: More Action, But Growth Is Lagging
The condo side of South Jubilee had a bit more activity this month - two sales, and the average sale price jumped to $602,250, up 40.1% from last month. Before you get too excited, that kind of month-over-month swing with low sales volume usually means the mix of units sold changed, not that every condo in the neighbourhood suddenly got 40% more valuable.
- Average condo sale price: $602,250
- Average list price: $609,450
- Price per square foot: $602
- Sale-to-list ratio: 98.72% - very close to asking price
- Average days on market: 36
- HonestDoor predicted value: $1,869,098
Condo sellers are getting much closer to their asking price than house sellers right now - that 98.72% ratio is solid. But on the growth leaderboard, South Jubilee condos rank 12 out of 14 in Victoria. That puts us near the bottom of the pack for appreciation. Nearby Rockland is growing faster. Even Fernwood, where condos are selling for less, is not far behind.
If you own a condo here and are thinking about your next move, the clock is worth paying attention to.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here is the thing most South Jubilee homeowners do not realize until it is too late. The assessed value the city has on file for condos in this neighbourhood averages $519,475. The average HonestDoor Price for the same properties? $1,987,923. That is a gap of 282.68%.
Your tax assessment is a snapshot from the past. It is calculated once a year using data that can be many months old by the time it lands in your mailbox. The HonestDoor Price pulls from real-time sales data, current market conditions, and actual comparable transactions - so it reflects what a buyer would actually pay for your home today, not what the city guessed it was worth last July.
If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - using the assessed value as your benchmark is like navigating with an old map. The HonestDoor Price is the real-world check. And in South Jubilee right now, that check is significantly higher than what the government has on record.
So What Does This Mean If You Are Thinking About Selling This Summer?
Straight talk: South Jubilee is not the hottest neighbourhood on the Victoria leaderboard right now. Growth is ranked below average for both houses and condos, and buyers have enough options that they are not rushing or overbidding. But here is the flip side - the HonestDoor Price for houses sits at $1,254,535, and for condos the predicted value is $1,869,098. There is real equity sitting in these homes.
If you are selling a house this summer, the gap between your list price and what buyers are actually paying - roughly 5% below asking - means your pricing strategy is everything. Come in too high and you will sit for weeks. Come in sharp and you move.
If you are selling a condo, the faster sale-to-list ratio works in your favour. Buyers are paying close to asking. But with growth ranked near the bottom of Victoria and values dipping 5.30% recently, waiting for the market to come back to you is a riskier bet than it was a year ago.
The smartest first step? Pull your HonestDoor Price today. Know what your home is actually worth in this market - not what the city assessed it at, and not what your neighbour listed for. Your real number might surprise you.
south jubilee | victoria | october 2026This 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.