South Jubilee, Victoria - September 2026 Real Estate Report

South Jubilee, Victoria: Your Neighbour Just Listed for $1.2M - Here Is What Is Actually Going On

The Vibe Right Now

If you have been watching the "For Sale" signs on the streets of South Jubilee, here is the honest read: the market is taking a breather. Not crashing, not booming - just cooling off and asking us to pay attention.

Houses and condos are telling two different stories right now, so let us break them down separately.

Houses: The Market Is Asking You to Be Realistic

The average sale price for a house in South Jubilee sits at $1,137,000 this month - down 13.5% from last month. That is a number worth sitting with. Only 1 house sold, which is down 50% from the month before, and it took 36 days to find a buyer. When a home sells at 94.76% of list price, that tells us buyers are negotiating and winning. Sellers who price sharp are the ones closing deals.

• Average sale price: $1,137,000
• Average list price: $1,199,900
• Price per square foot: $475
• Sale-to-list ratio: 94.76%
• Average days on market: 36
• Houses sold this month: 1

The HonestDoor predicted market value for houses is $1,265,973 - and that number is drifting down from the 3-month moving average of $1,281,876. Property values have shifted -1.74% recently. On the neighbourhood leaderboard, South Jubilee houses rank 8 out of 14 for growth in Victoria. That puts us in below-average territory for appreciation right now. Worth knowing before you price your home based on what your neighbour got last spring.

Condos: Slow to Sell, But Holding Their Ground

The condo side is a different animal. The average sale price is $405,000, essentially flat from last month, and properties are selling at 97.06% of list - closer to asking than houses are. But here is the catch: condos are sitting on the market for an average of 84 days. That is a long time. For context, condos in North Jubilee are moving in 58 days, and even Fernwood is slower at 119 days - so we are somewhere in the middle.

• Average sale price: $405,000
• Average list price: $417,350
• Price per square foot: $467
• Sale-to-list ratio: 97.06%
• Average days on market: 84
• Condos sold this month: 2

On the neighbourhood leaderboard, South Jubilee condos rank 4 out of 14 for growth - that is above average in Victoria. But the days-on-market rank is 10 out of 11, meaning our condos are among the slowest-selling in the city. The predicted market value for condos is $1,973,705, slightly ahead of nearby North Jubilee at $1,651,341 and Fernwood at $1,940,980. The rental yield sits at 2.86%, which is moderate - not a slam-dunk investment, but not a write-off either.

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 city's assessed value for a condo in this neighbourhood averages $519,475. The average HonestDoor Price? $1,869,098. That is a gap of 259.81% - meaning the government's number is less than a third of what the real-world market says your property is worth.

Tax assessments are snapshots frozen in time. They do not update with the market. The HonestDoor Price pulls from actual transaction data, current listing activity, and real-time neighbourhood trends. With values shifting -5.30% from the previous period and neighbourhood growth at -0.01% year over year, waiting for your next assessment to understand your home's value is like checking last year's weather forecast before you leave the house today.

There were 11 property transactions in South Jubilee in 2026, across 382 assessed properties. That is a thin slice of actual sales data - which is exactly why a live, data-driven estimate matters more here than in busier markets.

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

If you are a South Jubilee homeowner eyeing a summer sale, here is the straight talk.

For houses, the window is open but the room is getting smaller. Prices are down, buyers are negotiating hard, and there is only one sale on the board this month. That does not mean you should panic - it means you should price honestly from day one. Homes that chase the market down take longer and sell for less. Come in sharp, and you can still land close to $1.1M to $1.2M depending on your property.

For condos, patience is the game. With 84 days on market being the norm, plan your timeline accordingly. The good news is that condos here are holding value better than houses on a percentage basis, and the growth rank of 4 out of 14 means South Jubilee condos are still outperforming most of the city on appreciation - even if slowly.

Either way, start with your HonestDoor Price - not your BC Assessment notice. One reflects what a buyer would actually pay today. The other reflects what the government thought last year. For a neighbourhood where the gap between those two numbers is nearly 260%, that distinction is everything.

• House growth rank: 8 out of 14 in Victoria - below average
• Condo growth rank: 4 out of 14 in Victoria - above average
• Condo Airbnb rank: 3 in Victoria - one of the top earners in the city
• Nearest competition: Rockland is cheaper and growing faster at 0.08% - keep an eye on it
• Estimated rental income for houses: $4,929 per month
• Estimated rental income for condos: $6,098 per month

South Jubilee is still one of the pricier addresses in Victoria - ranked 4 out of 13 on price for houses. But price alone does not sell a home in this market. Timing, data, and honest pricing do.

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.