Uplands, Victoria - October 2026 Real Estate Report
Uplands, Victoria: Your Home Is Worth More Than the City Thinks
If you live in Uplands and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. Here's the real picture of what's happening on our streets right now.
The Vibe: What's Actually Moving in Uplands
Let's start with houses, because that's where the action is. The average sale price is sitting at $2,890,000, and listings are coming in at $2,950,000 this month. Buyers are paying about 98 cents on the dollar - so yes, there's a little room to negotiate, but not much. Properties are moving in an average of 5 days. That's not a slow market. That's a market where serious buyers show up ready.
The predicted market value for a house in Uplands right now is $3,664,657 - and that number is climbing. The 3-month moving average sits at $3,644,724, so the trend is pointing up. Price per square foot is around $1,509, which tells you exactly why Uplands sits at the top of the Oak Bay leaderboard.
- Average sale price (houses): $2,890,000
- Average list price this month: $2,950,000
- Sale-to-list ratio: 97.97%
- Average days on market: 5
- Price per square foot: $1,509
- Predicted market value: $3,664,657
- Estimated monthly rent: $10,429
- Rental yield: 3.20%
- Recent value change: up 1.26%
On the condo side, we're seeing strong momentum too. The predicted value is $1,393,725, up from a 3-month average of $1,349,283. That's a 2.97% recent change - actually outpacing houses on the growth curve. Estimated monthly rent comes in at $5,272 with a 2.29% rental yield. Not a bad income story if you're holding a condo here.
- Predicted condo value: $1,393,725
- 3-month moving average: $1,349,283
- Recent value change: up 2.97%
- Estimated monthly rent: $5,272
- Rental yield: 2.29%
The Neighborhood Leaderboard
Here's a stat worth putting on the fridge. Uplands ranks 1 out of 6 neighborhoods in Oak Bay for growth rate, days on market, and price. That's a clean sweep. We're not just competitive - we're leading the pack. For comparison, nearby Estevan has a predicted house value of $3,408,854 and Henderson sits at $3,237,396. Uplands is running ahead of both.
The Secret Sauce: Why Your HonestDoor Price Matters Right Now
Here's the thing about your city tax assessment - it's a snapshot from the past. It doesn't know what sold last week. It doesn't know that your street moved in 5 days. It's a static number built on old data.
The HonestDoor Price is different. It's a real-time estimate that actually tracks what buyers are paying today. Right now, the average HonestDoor Price for a home in Uplands is $4,281,600. Yes, that's down 7.50% from the previous period - the market is taking a breather at the very top end. But it's still a dramatically different number than what most owners see on their assessment notice.
If you're making any financial decision - refinancing, estate planning, or just figuring out your net worth - use the HonestDoor Price as your real-world check. It's the number that reflects what a buyer would actually write a cheque for today.
And if you're curious about income potential, the average rental estimate for Uplands sits at $12,380 per month, with Airbnb potential at $615 per night. Uplands ranks 1st in Victoria for Airbnb potential. That's not a small footnote.
The So What - Should You Sell This Summer?
If you've been sitting on the fence, here's the honest read. Uplands is still the most expensive and fastest-selling neighborhood in Oak Bay. Homes are gone in 5 days. Buyers are paying close to full list price. Values are trending up, not down.
The 7.50% dip in the broader HonestDoor Price tells us the very top of the market has softened a little - but the sales data shows real buyers are still showing up and writing big cheques. If your home is priced right and presented well, this summer is not a bad time to move.
The worst thing you can do right now is guess at your home's value. Pull your HonestDoor Price, compare it to your last assessment, and you'll immediately see the gap. That gap is the conversation worth having before you list.
uplands | 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.