North Quadra, Saanich - September 2026 Real Estate Report

North Quadra, Saanich: Your Home Is Worth More Than the City Thinks - But the Market Is Sending Mixed Signals

The Vibe Right Now

If you have been watching the "For Sale" signs on the streets around North Quadra, here is what is actually happening. The market is not crashing. It is not on fire either. It is taking a breather - and depending on whether you own a house or a condo, that breather looks very different for your wallet.

Houses: Steady, But Losing Ground on the Leaderboard

Let us be straight with you. Houses in North Quadra are holding their value on the surface, but the trend lines are worth watching. Here is the snapshot:

• Average sale price: $1,143,333
• Average listing price this month: $1,181,000
• Price per square foot: $916
• Homes are selling at 96.76% of list price - buyers are negotiating, and they are winning
• Average days on market: 31 days
• 3 properties sold last month
• Predicted market value: $1,191,304 - down from the 3-month average of $1,204,966
• Recent value change: -1.53%

That 96.76% sale-to-list ratio is the number to focus on. It means if you list at $1,181,000, you should realistically expect to close around $1,142,000. Buyers have options right now, and they know it.

On the neighbourhood leaderboard, North Quadra houses rank 14 out of 17 for growth in Saanich. That puts us in the bottom tier. Days on market rank is 8 out of 16 - middle of the pack. Price rank is 13 out of 17 - below average for Saanich. Compare that to Broadmead, where the HonestDoor Price sits at $1,623,860 with faster growth. We are not Broadmead - but we are also not the bottom of the market.

One bright spot: our average sale price of $1,143,333 is actually higher than Broadmead's recent sold price of $975,000. North Quadra houses are transacting at real money.

Condos: The Quiet Overachiever

Here is the story nobody is talking about. North Quadra condos are quietly sitting at the top of the Saanich growth leaderboard. Rank 1 out of 17 for growth. That is not a typo.

• Average sale price: $810,000
• Average listing price this month: $835,000
• Price per square foot: $738
• Selling at 97.01% of list price
• Average days on market: 13 days
• Predicted market value: $588,069 - up from the 3-month average of $579,566
• Recent value change: +3.16%
• Rental yield: 3.72% with estimated rent of $2,758 per month

Yes, the HonestDoor Price for condos has dipped 3.87% from the previous period - that is worth noting. But the predicted value is trending up, and the growth rank tells us momentum is building. Days on market rank is 3 out of 10, meaning condos here move faster than most of Saanich. Price rank is 4 out of 12 - above average. If you own a condo in North Quadra, you are in a better position than most of your neighbours across the city.

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

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. Rates have shifted. Buyers have changed what they will pay.

The average assessed value for a North Quadra house is $1,180,454. The average HonestDoor Price is $1,213,511. That is a $33,057 gap - and the HonestDoor Price is updated in real time using actual market activity, not a government formula that gets refreshed once a year.

That 2.80% difference between your assessment and your HonestDoor Price is not just a number. It is the difference between pricing your home based on yesterday's data and pricing it based on what buyers are actually doing right now. If you are making any financial decision tied to your home - refinancing, selling, estate planning - the HonestDoor Price is the real-world check you need.

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

If you own a house in North Quadra and you are thinking about listing this summer, here is the honest take. The market is a buyers' market right now - not dramatically, but enough that pricing strategy matters. Homes are sitting for 31 days on average and selling below list. You have room to price well, but not room to overprice and hope.

The neighbourhood is flat on year-over-year growth - 0.00%. That means you are not riding a rising tide. You need to price sharp, present well, and move quickly. With 1,992 assessed properties in the neighbourhood, buyers have choices.

If you own a condo, the picture is more encouraging. Thirteen days on market, top growth rank in Saanich, and a predicted value that is climbing. Summer could be a solid window to act before that momentum shifts.

Either way, the first step is knowing what your home is actually worth today - not what the city assessed it at last July. Check your HonestDoor Price, compare it to your assessment, and you will have a much clearer picture of where you actually stand before you call an agent or sign anything.

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.