Quadra, Saanich - October 2026 Real Estate Report
Quadra, Saanich Real Estate Update: Solid Ground, But the Market Is Shifting
If you live in Quadra and you have been wondering whether now is the time to make a move, here is the straight story. The neighborhood is holding its value, but the signals are mixed depending on whether you own a house or a condo. Let us break it down.
The Vibe: Houses vs. Condos in Quadra
Houses - Taking a Breather
If you have been watching the "For Sale" signs on the streets around us, here is what is actually happening. House prices in Quadra are cooling off. The average sale price came in at $980,000 this month, down 9.7% from last month. Only 1 house sold, and buyers paid 98.01% of the asking price - meaning sellers are giving a little ground. Homes are sitting for about 13 days before selling, which is slightly longer than nearby Saanich Core at 11 days.
- Average sale price: $980,000 (down 9.7% from last month)
- Average list price: $999,900
- Price per square foot: $912
- Sale-to-list ratio: 98.01% - buyers are negotiating
- Average days on market: 13 days
- Properties sold this month: 1
- Predicted market value: $1,116,458
- Estimated rent: $4,510 per month
- Rental yield: 4.52%
On the neighborhood leaderboard, Quadra houses rank 14 out of 17 for price growth in Saanich - that puts us in the bottom tier right now. Price rank is also 14 out of 17, which means we are one of the more affordable house markets in the city. That is not a bad thing if you are buying. If you are selling, timing matters more than ever.
Condos - A Different Story
Condos in Quadra are actually showing some life. Three units sold this month, the predicted market value is $899,255, and that number is trending up from the 3-month moving average of $889,590. Values have moved 2.78% recently, which puts condos at rank 8 out of 17 for growth - above average for Saanich. Condos here are also selling faster than nearby Shelbourne (33 days vs. 34 days), which tells us demand is holding.
- Average sale price: $401,667
- Average list price: $418,300
- Price per square foot: $399
- Sale-to-list ratio: 96.39% - buyers have some leverage
- Average days on market: 33 days
- Properties sold this month: 3
- Predicted market value: $899,255 (trending up)
- Estimated rent: $3,315 per month
- Rental yield: 3.63%
- Recent value change: +2.78%
One thing worth flagging for condo owners: the HonestDoor Price of $927,060 is a massive 103.50% higher than the average assessed value of $455,547. That gap is significant. More on why that matters below.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here is the thing most Quadra homeowners do not realize. Your BC Assessment number is a snapshot frozen in time - it reflects market conditions from July 1 of the prior year. By the time you read it in January, it is already stale. The market has moved on.
The HonestDoor Price is updated in real time using actual sales data. For houses in Quadra, the average HonestDoor Price is $1,133,570 - that is 1.12% higher than the average assessed value of $1,120,990. For condos, the gap is enormous: the HonestDoor Price of $927,060 is more than double the average assessed value of $455,547.
If you are a condo owner in Quadra and you are basing any financial decision - a refinance, a sale price, an estate plan - on your assessment, you are working with a number that is wildly out of step with reality. Check your HonestDoor Price. It is the real-world check that your tax notice simply cannot give you.
The "So What?": Thinking About Selling This Summer?
For house sellers, the honest answer is this: the window is tightening. Prices are down month over month, buyers are negotiating below list, and growth ranks near the bottom of the Saanich leaderboard. That does not mean you should panic - the predicted value of $1,116,458 is still strong. But if you were planning to list this summer, sooner is better than later while values hold.
For condo sellers, the picture is more encouraging. Values are trending up, demand is steady, and Quadra condos are outperforming some nearby neighborhoods. The average sale price of $401,667 is already beating Saanich Core condos at $375,000. If your unit is well-positioned, this summer could work in your favor.
Either way, the first step is knowing what your home is actually worth right now - not what the city said it was worth last July. Pull your HonestDoor Price, compare it to what is selling on your street, and make a decision based on real numbers. That is how neighbors in Quadra get ahead of the market instead of chasing it.
quadra | saanich | october 2026This 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.