North Quadra, Saanich - August 2026 Real Estate Report

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

If you have been watching the "For Sale" signs around North Quadra lately, here is what is actually happening. The market is steady, not spectacular - but your property is quietly outpacing what BC Assessment has on the books. That gap matters, and it matters right now.

The Vibe: Houses vs. Condos in North Quadra

Houses - Solid Ground, Slow Burn

We are sitting in a stable buyers' market for houses. That is not a bad thing - it just means sellers need to price sharp. Here is the snapshot:

• Average sale price: $1,065,500
• Average list price this month: $1,108,700
• Price per square foot: $537
• Homes are selling at 96.17% of list price - buyers are negotiating, and winning small
• Average days on market: 30
• 4 properties sold last month
• Predicted market value: $1,209,836 - up slightly from the 3-month average of $1,208,220
• Estimated monthly rent: $4,778 with a rental yield of 4.37%

On the neighbourhood leaderboard, our houses rank 7 out of 17 in Saanich for growth - that puts us in above-average territory. Days on market ranks 9 out of 16, so we are not the fastest-moving block on the board. Price ranks 13 out of 17, which means we are more accessible than a lot of Saanich - and that is actually a selling point for buyers coming from pricier pockets like Broadmead.

Speaking of Broadmead - our average sale price of $1,065,500 is actually running ahead of Broadmead's $975,000 sold average right now. That is a number worth knowing at your next backyard conversation.

Condos - A Quicker Sale, But Watch the Trend

The condo side of North Quadra is a smaller market, but there are some interesting signals for us to pay attention to.

• Average sale price: $810,000
• Average list price this month: $835,000
• Price per square foot: $738
• Condos are selling at 97.01% of list price
• Average days on market: 13 - faster than houses, but slower than nearby Broadmead at 7 days
• 1 property sold last month
• Predicted market value: $570,028 - slightly down from the 3-month average of $574,523
• Estimated monthly rent: $2,690 with a rental yield of 3.76%
• HonestDoor Price up 3.16% from the previous period

On the condo leaderboard, we rank 6 out of 17 in Saanich for growth - above average. Price ranks 4 out of 12, meaning North Quadra condos are genuinely well-positioned in the Saanich market. The predicted value is taking a small breather at -1.82% recently, so condo owners thinking about selling should not wait too long for a rebound that may be slow to arrive.

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

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. It does not know what happened on your street last month. It does not know what buyers are actually paying right now.

The HonestDoor Price is the real-world check. For houses in North Quadra, the average assessed value sits at $1,180,454. The average HonestDoor Price is $1,213,511 - that is 2.80% higher, and it updates in real time. For a home in this price range, that gap is roughly $33,000 that your assessment is not telling you about.

For condos, the HonestDoor Price is $587,658 - up 3.16% from the previous period. If you are a condo owner making any kind of financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is the number to use, not a figure that was calculated over a year ago.

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

If you are a house owner in North Quadra and you are thinking about listing this summer, here is the straight talk. The market is not racing ahead, but it is not falling either. Neighbourhood growth is flat year over year, and values have dipped a small -0.32% recently. That means pricing strategy is everything. Homes priced right are selling - just not above ask. The buyers are there, but they are doing their homework.

For condo owners, the window is worth watching. The HonestDoor Price jumped 3.16%, but the predicted value is trending slightly down. If you have been on the fence, this summer could be a reasonable moment to move - before that gap closes further.

Either way, the first step is knowing your real number. Pull your HonestDoor Price before you call an agent, before you set a list price, and before you assume the city's assessment tells the whole story. In North Quadra right now, it does not.

• 1,992 properties assessed in North Quadra this year
• House rental potential: $4,789 per month average
• Condo rental potential: $2,757 per month average
• Airbnb potential: $238 per night for houses, $137 per night for condos
• North Quadra Airbnb ranks 12th in Saanich - a mid-tier short-term rental market

Bottom line - North Quadra is a steady, well-located neighbourhood that does not need hype. The numbers speak for themselves. Know yours.

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.