Falaise, Saanich - July 2026 Real Estate Report

Falaise, Saanich: Your Home Is Worth More Than the City Thinks

If you own property in Falaise and you have not looked at your numbers lately, now is the time. The city's assessment is already out of date - and the gap between what the government says your home is worth and what the market actually says is real money.

The Vibe: What Is Actually Happening in Falaise Right Now

Falaise is a quiet, high-value pocket of Saanich. We are not seeing a frenzy here, but we are not seeing a collapse either. The market is steady, prices are holding, and if you own here, your equity is in good shape. Here is how houses and condos are each telling a slightly different story.

Houses

• Average HonestDoor Price: $1,557,074 - up 1.19% from the previous period
• Average assessed value: $1,479,946 - that is $77,128 below what the market says your home is worth
• Average sale price: $1,436,667
• Current average list price: $1,507,967
• Price per square foot: $708
• Homes are selling at 95.27% of list price - buyers are negotiating, and getting small wins
• Average days on market: 57 days
• Rental estimate: $5,669 per month
• Rental yield: 4.01%

Houses in Falaise are selling faster than nearby Viewmont, where homes sit for 83 days on average. That 26-day difference matters. It tells us that buyers who want into this neighbourhood are not dragging their feet. The 3-month moving average for predicted value sits at $1,532,893, and the current predicted value of $1,556,193 is trending above that. Prices are not stalling - they are nudging upward.

On the neighbourhood leaderboard, Falaise houses rank 5 out of 17 for price in Saanich. That puts us firmly in the top tier. Growth ranks 7 out of 17 - above average, not the top of the pack, but solidly in the upper half. The one number to watch is days-on-market, which ranks 13 out of 15 compared to similar neighbourhoods. Homes here take longer to sell than most of Saanich. Price it right and that number shrinks fast.

Condos

• Average HonestDoor Price: $1,091,247 - down 2.96% from the previous period
• Predicted market value: $1,124,527 - above the 3-month moving average of $1,092,658
• Rental estimate: $4,462 per month
• Rental yield: 2.70%
• Airbnb estimate: $222 per night
• Recent value change: up 5.76%

The condo picture is interesting. The HonestDoor Price dipped 2.96% in the short term, but the predicted value is climbing above the 3-month average. And that 5.76% recent value change has Falaise condos ranked number 1 out of 17 neighbourhoods in Saanich for growth. That is not a typo - first place. Compared to nearby Viewmont condos at $1,043,467, Falaise condos are commanding a meaningful premium. If you own a condo here, that leaderboard position is worth paying attention to.

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

Here is the honest truth 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 is already six to twelve months old. The market does not wait for paperwork.

For Falaise houses, the average assessed value is $1,479,946. The average HonestDoor Price is $1,557,074. That is a gap of over $77,000 - and that gap is 5.21% higher than the assessed value. If you are making any financial decision based on the assessment alone - whether that is a refinance, an estate conversation, or just knowing where you stand - you are working with stale data.

The HonestDoor Price updates in real time using current sales, local market signals, and neighbourhood trends. It is the real-world check. Think of the assessment as last season's menu prices. The HonestDoor Price is what things actually cost today.

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

If you are a Falaise homeowner weighing a summer sale, here is the straight talk.

• Buyers are active but careful - they are paying 95.27% of list price, so overpricing will cost you time and leverage
• 57 days on market is the current average - plan for that timeline, do not assume a quick flip
• Your HonestDoor Price of $1,557,074 gives you a realistic anchor for pricing conversations with your agent
• Falaise sits in the top 5 for price in Saanich - you are selling from a position of strength
• Nearby Viewmont homes are cheaper and taking longer to sell - that comparison works in your favour

The market here is not on fire, but it is not cooling off either. It is taking a measured breath. For sellers, that means one thing - preparation beats panic. Know your real number, price it honestly, and Falaise will do the rest of the work for you.

Check your HonestDoor Price at HonestDoor.com. It takes about 30 seconds and it will tell you more than any assessment notice ever will.

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.