Falaise, Victoria - September 2026 Real Estate Report

Falaise, Victoria: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the straight story. Falaise is sitting in an interesting spot right now. Prices are solid, but the market is taking a breather. That gap between what the city assessed your home at and what it's actually worth today? That's exactly where the conversation gets interesting.

The Vibe: What's Happening With Houses and Condos Right Now

Let's break it down for us locals.

Houses: The average sale price for a house in Falaise is sitting at $1,407,500, and listings are coming in around $1,442,000 this month. Homes are selling at about 97.35% of list price, which means buyers are getting a small discount off the asking price. That's a buyer's market signal. Properties are also sitting on the market for an average of 48 days - noticeably longer than nearby Viewmont, where homes are moving in 26 days. The market isn't broken, but it's slower than the neighbours.

• Average sale price: $1,407,500
• Average list price this month: $1,442,000
• Price per square foot: $592
• Sale-to-list ratio: 97.35% - buyers are paying below asking
• Average days on market: 48 days
• Predicted market value: $1,507,278
• Estimated monthly rent: $5,541
• Rental yield: 4.06%
• Recent value change: -1.62%
• Growth rank: 15 out of 17 neighbourhoods in Saanich

Condos: Condo values are also easing off. The predicted market value for a Falaise condo is $1,065,227, down from a 3-month moving average of $1,093,667. Values have dipped 2.38% recently, and the growth rank sits at 13 out of 17 in Saanich. That said, Falaise condos are still priced above nearby Viewmont condos, which are tracking at $984,277. So we're not at the bottom of the pile - just not leading the pack right now.

• Predicted condo value: $1,065,227
• 3-month moving average: $1,093,667
• Recent value change: -2.38%
• Estimated monthly rent: $4,387
• Rental yield: 2.80%
• Growth rank: 13 out of 17 neighbourhoods in Saanich
• Airbnb income potential: approximately $218 per month

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. It doesn't factor in the rate shifts, the slower sales, or the fact that your neighbour's house just sat for 48 days before selling.

The HonestDoor Price is a real-time read on your home's value. For a house in Falaise, that number is $1,031,800 right now - and it's updated continuously, not once a year. Think of it as the real-world check against a static government number that was calculated months ago under completely different market conditions.

With house values down 1.62% and condo values down 2.38% recently, the gap between your old assessment and today's actual market could be working against you - or for you - depending on which side of the table you're sitting on. Either way, you deserve to know the real number before you make any decisions.

Falaise also ranks 7 out of 17 for price in Saanich - above average. That's a real strength. But the growth rank of 15 out of 17 for houses tells us appreciation has slowed. Knowing both sides of that story is exactly what the HonestDoor Price gives you.

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

If selling is on your mind, here's the honest take. Falaise is not a hot seller's market right now. Homes are taking 48 days to move, buyers are negotiating below list price, and the growth rank puts us near the bottom of the Saanich leaderboard for appreciation. That's the reality.

But here's the flip side. A predicted house value of $1,507,278 and a price rank of 7 out of 17 in Saanich means Falaise is still a premium address. You're not selling cheap - you're selling in a market where buyers have a little more leverage than they did a year ago.

The play for sellers this summer is simple: price it right from day one. Homes that come in sharp are still selling. Homes that come in high are sitting for 48 days and then taking a haircut anyway. Check your HonestDoor Price before you set your number - it's the most current read you've got, and in a market like this one, that matters.

If you're a landlord or thinking about renting instead of selling, a house in Falaise can pull roughly $5,541 per month in estimated rent, with a 4.06% rental yield. That's a reasonable return while you wait for the market to find its footing again.

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.