Blenkinsop, Victoria - August 2026 Real Estate Report

Blenkinsop Is Quietly Winning the Saanich Growth Race - Here's What Your Home Is Actually Worth

The Vibe Right Now

If you live on a quiet street in Blenkinsop and you haven't checked your home's value lately, you're probably sitting on more than you think. The average HonestDoor Price for a house here is $1,390,586 - up 0.67% from the previous period. That's not a headline-grabbing number, but steady and upward is exactly what long-term owners want to see.

The real story is the growth rank. Among 17 comparable Saanich neighbourhoods, Blenkinsop houses rank 1 out of 17 for growth. That's the top spot. Not top five. Number one. While other pockets of Saanich are treading water, Blenkinsop is quietly leading the leaderboard.

Houses vs. Condos - Two Very Different Stories

Let's break it down, because houses and condos here are not telling the same story right now.

Houses

• Average sale price: $1,489,000
• Average list price this month: $1,499,000
• Price per square foot: $758
• Homes are selling at 99.33% of list price - buyers are paying close to full ask
• Average days on market: 40
• Predicted market value: $1,466,353 - trending up from the 3-month average of $1,449,491
• Estimated rent: $5,430 per month with a rental yield of 4.14%
• Growth rank: 1 out of 17 in Saanich
• Price rank: 8 out of 17 - above average for the area

The house market here is stable and leaning in the seller's favour. Buyers aren't getting big discounts - that 99.33% sale-to-list ratio tells us homes are priced right and moving close to ask. Forty days on market is not lightning fast, but it's not a red flag either. Think of it as a measured, confident market rather than a frenzied one.

Condos

• Average sale price: $515,000
• Average list price this month: $549,000
• Price per square foot: $461
• Condos are selling at 93.81% of list price - buyers have real negotiating room
• Average days on market: 70
• Predicted market value: $571,324 - slightly down from the 3-month average of $586,529
• Estimated rent: $2,828 per month with a rental yield of 3.70%
• Growth rank: 14 out of 17 in Saanich
• Price rank: 6 out of 12 - still above average on price

The condo picture is taking a breather. Values are down 3.97% recently and sitting near the bottom of the Saanich growth leaderboard at 14 out of 17. Buyers are negotiating hard - that 93.81% sale-to-list ratio means the average condo is selling roughly $34,000 below asking. If you own a condo here and are thinking about selling, timing and pricing strategy matter a lot right now.

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

Here's the thing about your BC Assessment notice. It reflects a snapshot from July 1 of the previous year. By the time it lands in your mailbox, it's already six to eighteen months out of date. A lot can shift in that window.

The HonestDoor Price is updated in real time using current sales data, market trends, and neighbourhood-level signals. For Blenkinsop houses, the HonestDoor Price is sitting at $1,390,586 right now - and the predicted market value from current sales data is $1,466,353, trending upward. Your assessment almost certainly doesn't reflect that trajectory.

If you're making any financial decision - refinancing, listing, or just benchmarking your net worth - the HonestDoor Price is the real-world check you need. Don't let a government document from last year be the number you're working from.

So What Does This Mean If You're Thinking About Selling This Summer?

For house owners, the timing is genuinely good. You're in a neighbourhood that ranks first in Saanich for growth, buyers are paying within 1% of list price, and predicted values are climbing. That's a strong hand to play. Forty days on market means you're not going to get a bidding war overnight, but a well-priced home here is moving - and moving close to full ask.

For condo owners, be honest with yourself about the numbers. Values have dipped nearly 4% recently, days on market are stretching to 70 days, and buyers know they have leverage. That doesn't mean don't sell - it means price it right from day one. An overpriced condo in this market will just sit and then sell low anyway.

Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing what the market actually says your home is worth today - not what the city said it was worth last July.

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.