Falaise, Saanich - October 2026 Real Estate Report
Falaise, Saanich: Your Home Is Worth More Than the City Thinks
If you own a home in Falaise and you have not looked at your numbers lately, here is the short version - the city's assessment is already behind. The average assessed value sits at $1,479,946, but the average HonestDoor Price is $1,528,799. That is a $48,853 gap, and it matters when you are making real decisions about real money.
The Vibe - Houses vs. Condos
Let's break down what is actually happening on our streets right now.
Houses in Falaise
If you have been watching the "For Sale" signs in Falaise, here is what is actually happening. Houses are moving, but slowly. One property sold recently, sitting on the market for an average of 82 days before finding a buyer. That days-on-market rank is 13 out of 14 neighbourhoods in Saanich - which tells us buyers here are taking their time and doing their homework.
The good news? Prices are holding up. The average sale price came in at $1,389,900, and sellers got 99.29% of their asking price. That is essentially full list price. The market is not collapsing - it is just deliberate. Think of it as a stable buyers' market where the right home still sells well.
- Average HonestDoor Price: $1,528,799
- Average assessed value: $1,479,946
- HonestDoor Price vs. assessment: 3.30% higher
- Average sale price: $1,389,900
- Current average listing price: $1,399,900
- Price per square foot: $759
- Average days on market: 82
- Sale-to-list ratio: 99.29%
- Predicted market value: $1,521,932
- Estimated monthly rent: $5,577
- Rental yield: 4.05%
- Recent value change: 0.97%
- Growth rank in Saanich: 8 out of 17 - above average on the neighbourhood leaderboard
Condos in Falaise
The condo picture is a bit more mixed, and we should be straight about it. The HonestDoor Price for condos is $1,108,893 - up 6.04% from the previous period, which sounds great. But the predicted market value has dipped to $1,045,700, down from a 3-month moving average of $1,067,391. Values have shifted by -1.83% recently, and the growth rank sits at 14 out of 17 neighbourhoods in Saanich. That puts condos in the bottom tier of the local leaderboard right now.
It is not a crisis - it is a breather. But if you own a condo in Falaise and you are thinking about timing, this is worth paying attention to.
- Average HonestDoor Price (condos): $1,108,893
- HonestDoor Price change: up 6.04% from previous period
- Predicted market value: $1,045,700
- 3-month moving average: $1,067,391
- Estimated monthly rent: $4,330
- Rental yield: 2.83%
- Recent value change: -1.83%
- Growth rank in Saanich: 14 out of 17 - bottom performers on the leaderboard
- Airbnb rank in Saanich: 5 - a strong short-term rental position
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing about your BC Assessment notice. It is a snapshot from July 1 of the previous year. By the time it lands in your mailbox, the market has already moved on. In Falaise, that gap is not small - the HonestDoor Price runs 3.30% above the average assessed value for houses. On a $1.5 million home, that is real money sitting on the table that the city's paperwork does not reflect.
The HonestDoor Price updates in real time. It pulls from actual transaction data, current listing activity, and neighbourhood trends - not a government formula that gets refreshed once a year. With 554 properties assessed in Falaise and only 8 transactions recorded in 2026 so far, the official numbers are working with thin data. Your HonestDoor Price fills that gap.
Think of it as the real-world check on what your home is actually worth today - not what a bureaucrat estimated it was worth last summer.
The So What - Should You Sell in Falaise This Summer?
For house owners, the case for listing this summer is reasonable. Prices are stable, sellers are getting close to full ask, and your HonestDoor Price suggests you have more equity than your assessment shows. The catch is patience - 82 days on market means you need to price it right from day one and be ready to wait for the right buyer. Price it sharp, and you will find one.
For condo owners, the honest answer is that the timing is trickier. Values have softened recently and the growth rank is near the bottom of the Saanich leaderboard. If you do not need to sell this summer, watching the next few months of data makes sense. If you do need to move, lean hard on the Airbnb income potential and rental yield story - $4,508 per month in estimated rent and a top-5 Airbnb rank in Saanich are real selling points for investors.
Either way, the first step is the same - check your HonestDoor Price at HonestDoor.com and know your real number before you have any conversation with an agent or a buyer.
falaise | saanich | 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.