Blenkinsop, Victoria - September 2026 Real Estate Report

Blenkinsop Real Estate Right Now: Strong Bones, But the Market Is Catching Its Breath

The Vibe in Blenkinsop

If you've been watching the "For Sale" signs on the quiet streets of Blenkinsop, here's what's actually happening. The market is taking a breather - but it's not falling apart. Houses and condos are telling two pretty different stories right now, so let's break it down for us locals.

Houses: Still Commanding Serious Money, But Buyers Have a Little More Power

The average house sold for $1,165,000 last month - down a slim 0.3% from the month before. Current listings are sitting at $1,195,000 on average, and homes are selling at about 97.5% of asking price. That means buyers are shaving a bit off the sticker price, which wasn't easy to do a year ago. On the bright side, houses here are moving fast - an average of just 8 days on market. That's a days-on-market rank of 3 out of 16 neighbourhoods in Saanich. Nearly the top of the leaderboard.

• Average sold price: $1,165,000
• Average list price this month: $1,195,000
• Price per square foot: $726
• Sale-to-list ratio: 97.49%
• Average days on market: 8
• Growth rank: 5 out of 17 neighbourhoods in Saanich - above average
• Estimated rent: $5,446 per month
• Rental yield: 4.14%

One thing worth noting - only 1 house sold last month, which is down 50% from the month before. Low volume means the numbers can swing around. Don't read too much into a single month, but do pay attention to the direction.

Condos: Slow to Sell, But Growing Faster Than Almost Anyone Else

The condo side of Blenkinsop is a different animal. One condo sold at $515,000 - essentially flat from last month - but it sat on the market for 70 days and sold at 93.8% of asking. Buyers here have real negotiating room. That said, here's the stat that should turn heads: condo growth in Blenkinsop ranks 3 out of 17 neighbourhoods in Saanich. That puts us near the top of the leaderboard for value growth, even if the day-to-day sales pace is slow.

• Average sold price: $515,000
• Average list price this month: $549,000
• Price per square foot: $461
• Sale-to-list ratio: 93.81%
• Average days on market: 70
• Growth rank: 3 out of 17 neighbourhoods in Saanich - top performer
• Estimated rent: $2,895 per month
• Rental yield: 3.67%

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the thing most Blenkinsop homeowners don't realize. That BC Assessment number sitting in your mailbox? It's based on data from July 1st of the previous year. The market has moved since then - and in some cases, moved a lot.

The HonestDoor Price for a Blenkinsop house right now is $1,337,229. The predicted market value for houses sits at $1,472,257 - and that number is trending up from the 3-month moving average of $1,460,129. For condos, the HonestDoor predicted value is $588,448, also nudging upward from $584,912 over the past three months.

That gap between a static government assessment and a real-time HonestDoor Price is exactly where homeowners either leave money on the table or price themselves out of a sale. The HonestDoor Price is your real-world check - updated continuously, not once a year.

For context, Blenkinsop houses come in below nearby Broadmead (HonestDoor Price $1,623,860) but well above North Quadra ($1,006,517). We're in solid mid-to-upper territory for the area - and that positioning matters when you're pricing a listing.

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

If you're a Blenkinsop homeowner eyeing a summer sale, here's the straight talk. Houses are still moving fast - 8 days on market is genuinely quick - but buyers are negotiating. Pricing sharp matters more right now than it did 18 months ago. The 97.5% sale-to-list ratio tells you that overpricing will cost you real dollars.

The good news is that Blenkinsop sits above average in Saanich for growth (rank 5 of 17) and near the top for selling speed (rank 3 of 16). That's a strong hand to play. You're not in a slow, struggling pocket of the city. You're in a neighbourhood that buyers still want.

For condo owners, patience is the word. Seventy days on market is a long haul, and buyers know it. But that top-3 growth ranking means the underlying value is building. If you don't have to sell right now, waiting could reward you.

Bottom line - check your HonestDoor Price before you do anything else. It's the number that reflects what your home is actually worth today, not what the city thought it was worth last summer.

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.