Quadra, Saanich - July 2026 Real Estate Report

Quadra, Saanich Real Estate: What Your Neighbours Aren't Telling You

If you own a home in Quadra and you haven't checked your HonestDoor Price lately, now is the time. The market is shifting, and the numbers your city assessment shows you are already out of date. Here is the real picture.

The Vibe: Houses vs. Condos in Quadra Right Now

Let's be straight with each other. Quadra is not the hottest neighbourhood on the Saanich leaderboard right now, but it is far from dead. The story is different depending on what you own.

Houses

We are seeing houses sell for an average of $1,046,333 this month - down 2.4% from last month. Listings are sitting at $1,082,933 on average, and buyers are paying about 96.32% of the asking price. That gap matters. It means if you list at $1,000,000, expect offers closer to $963,000. Properties are sitting on the market for 28 days on average, which is longer than nearby Shelbourne at 16 days. The market for houses here is taking a breather. Price per square foot is running around $637.

• Average sale price: $1,046,333 (down 2.4% from last month)
• Average list price: $1,082,933
• Sale-to-list ratio: 96.32%
• Average days on market: 28
• Price per square foot: $637
• Properties sold this month: 3
• Predicted market value: $1,148,860
• Estimated monthly rent: $4,594
• Rental yield: 4.47%
• Growth rank in Saanich: 9 out of 17
• Price rank in Saanich: 11 out of 17

Condos

Condos in Quadra are a different conversation. The average sale price is holding at $480,000, which is actually ahead of nearby Saanich Core ($445,000) and Shelbourne ($385,000) for condos. Price per square foot is $855 - noticeably higher than houses. Only 2 condos sold this month, and they are taking 22 days to move, a bit slower than Shelbourne's 16 days. Volume is thin, so each sale moves the needle a lot. The predicted market value sits at $931,194, up from the 3-month moving average of $915,817.

• Average sale price: $480,000
• Average list price: $402,933
• Sale-to-list ratio: 96.62%
• Average days on market: 22
• Price per square foot: $855
• Properties sold this month: 2
• Predicted market value: $931,194
• Estimated monthly rent: $3,358
• Rental yield: 3.62%
• Growth rank in Saanich: 9 out of 17
• Price rank in Saanich: 10 out of 12 (among the most affordable in Saanich)

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is something most Quadra homeowners do not realize. Your city assessment is a snapshot from months ago, based on a fixed date. It does not know what sold last week. It does not adjust for what buyers are actually paying right now.

For houses in Quadra, the average assessed value is $1,120,990. The average HonestDoor Price is $1,134,848 - that is 1.24% higher than the assessment. For condos, the gap is even more dramatic. The average assessed value is $455,547, but the average HonestDoor Price is $927,060. That is 103.50% higher than what the city has on file. If a condo owner in Quadra is making any financial decision based on their assessment alone, they are working with a number that is essentially cut in half compared to real-world value.

The HonestDoor Price updates in real time using actual transaction data. It is the real-world check against a static government number. Check yours before you do anything - refinance, sell, or even just figure out where you stand.

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

If you are a house owner in Quadra and thinking about listing this summer, the window is open but it is not wide. Prices are dipping, buyers are negotiating below list, and homes are sitting for nearly a month before selling. That is not a reason to panic - but it is a reason to price sharp from day one. Overpricing right now will cost you time and leverage.

For condo owners, the story is more encouraging. Prices are stable, your per-square-foot value is strong at $855, and you are outperforming some nearby neighbourhoods on sale price. With only 2 sales happening this month, your listing will get attention - just make sure it is priced to reflect the HonestDoor Price, not the assessed value.

On the neighbourhood leaderboard, Quadra sits at 9 out of 17 for growth in Saanich. That is middle of the pack. Not leading, not falling behind. For sellers, that means Quadra is a credible, stable address - but you will need to compete on price and presentation to stand out against neighbourhoods ranked higher.

Bottom line: do not wait for your next tax assessment to tell you what your home is worth. Pull your HonestDoor Price today and go into any decision with the real number in hand.

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.