North Quadra, Saanich - July 2026 Real Estate Report

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

If you have been watching your neighbour's place sit on the market and wondering what is actually going on in North Quadra right now - here is the straight story. The city's assessment says one thing. The real world says another. And for most homeowners here, the real world is working in your favour.

The Vibe: Houses vs. Condos

Houses - Steady, Not Flashy

Our house market is doing what a lot of us would call "quietly solid." Sales are not flying off the shelves - 4 homes sold last month - but the numbers underneath are actually pretty healthy.

• Average sale price: $1,007,688
• Active listings averaging: $1,013,560
• Price per square foot: $687
• Homes selling at 99.49% of list price - buyers are close to full ask, but have a little room to negotiate
• Average days on market: 25
• Predicted market value (HonestDoor Price): $1,213,758
• Rental yield: 4.36% - solid for a long-term hold
• Average rent estimate: $4,788 per month

The predicted value is trending up from the 3-month moving average of $1,196,234. That is a quiet but real signal that house values here are building momentum, not losing it. On the neighbourhood leaderboard, North Quadra houses rank 8 out of 17 in Saanich for growth - above average, sitting comfortably in the upper half. And for what it is worth, our average sale price of $1,007,688 is actually running ahead of nearby Broadmead's $975,000 sold average. We are holding our own.

Condos - Taking a Breather, But Not Falling Apart

The condo side is a bit more of a mixed picture, and we should be honest about that. Only 1 condo sold last month, and the average sale price dipped to $810,000 - down about 6.9% from the month before. Buyers are getting a small discount too, with sales closing at 97.01% of list price.

• Average sale price: $810,000
• Active listings averaging: $835,000
• Price per square foot: $738
• Average days on market: 13 days
• HonestDoor predicted value: $580,600
• Rental yield: 3.73%
• Average rent estimate: $2,741 per month

Here is the interesting part though. Despite the recent price dip, North Quadra condos rank 2 out of 17 in Saanich for growth rate. That is a top-performer position on the neighbourhood leaderboard. The predicted value is also climbing past the 3-month moving average of $565,229. One slow month does not erase a strong underlying trend. Condos here are also selling faster than in Broadmead - 13 days versus 7 - so the gap is not huge, but it is worth watching.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already old news. The market has moved on.

For North Quadra houses, the city's average assessed value sits at $1,180,454. The HonestDoor Price is $1,213,511. That is a gap of roughly $33,000 - and that gap is real money if you are making any kind of financial decision based on what your home is worth today. The HonestDoor Price updates in real time, pulling from actual sales data, current listing activity, and market trends. It is the number your neighbour's buyer's agent is probably already looking at.

For condos, the HonestDoor Price is $569,639. With 1,992 properties assessed across the neighbourhood this year, there is a lot of data anchoring these estimates. The point is simple: do not wait for next year's assessment to find out what your home is worth. Check your HonestDoor Price now.

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, the timing is not bad at all. Here is why.

• Your predicted value of $1,213,758 is trending up, not down
• Buyers are paying 99.49% of list - you are not giving the house away
• 25 days on market is reasonable - not a fire sale, not a stale listing
• North Quadra is one of the more affordable pockets in Saanich (price rank 14 out of 17), which means you have a wider pool of buyers who can actually afford your home
• Airbnb potential of $238 per night is a selling point for buyers who want flexibility

If you own a condo, the story is a bit more nuanced. Prices dipped last month, but the growth rank of 2 out of 17 tells you this neighbourhood has real momentum. If you can wait a few months, the trend may reward your patience. If you need to move now, price it sharp - buyers are negotiating, and the ones who are active right now know it.

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 definitely before you assume your tax assessment tells the whole story. It does not.

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.