Quadra, Saanich - September 2026 Real Estate Report

Quadra, Saanich: What Your Neighbour Hasn't Told You Yet

If you own a home in Quadra and you haven't checked your HonestDoor Price lately, now is the time. The market here is sending mixed signals - and your city assessment is not keeping up with what's actually happening on the ground.

The Vibe: Houses vs. Condos in Quadra Right Now

Houses - Strong Sale Prices, But the Trend Needs Watching

Here's the headline for houses: the average sale price jumped to $1,236,633 this month, up 14.8% from last month. That sounds great, and it is - but we need to be honest about the full picture. The predicted market value sits at $1,116,901, and that number is actually trending down from the 3-month moving average of $1,135,116. Property values have slipped 1.99% recently.

• Average sale price: $1,236,633 (up 14.8% from last month)
• Average list price: $1,249,300
• Price per square foot: $841
• Homes sold for 98.96% of list price - buyers are getting a small discount
• Average days on market: 29 days
• Properties sold this month: 3
• Estimated monthly rent: $4,512
• Rental yield: 4.52%

Those 29 days on market matter. Nearby Saanich Core is moving homes in 22 days. That gap tells us Quadra houses are taking a breather compared to the competition. On the neighbourhood leaderboard, Quadra houses rank dead last for growth - 17 out of 17 neighbourhoods in Saanich. That's not a reason to panic, but it is a reason to price smart if you're selling.

Condos - A Bigger Story Than the Assessment Tells

The condo numbers in Quadra are genuinely interesting, and most owners have no idea. The average assessed value for a Quadra condo sits at $455,547. But the HonestDoor Price is $927,060. That's not a rounding error - that's a 103.5% gap between what the city has on file and what the real-world market is reflecting.

• Average assessed value: $455,547
• Average HonestDoor Price: $927,060
• Average sale price this month: $480,000
• Price per square foot: $855
• Properties sold for 96.62% of list price
• Average days on market: 22 days
• Properties sold this month: 2
• Estimated monthly rent: $3,320
• Rental yield: 3.62%

Condos are selling at a similar pace to Saanich Core - 22 days each. The market is stable here, not exciting, but not falling apart either. The predicted value of $874,954 is down from the 3-month moving average of $900,236, and values have shifted -2.19% recently. On the leaderboard, Quadra condos rank 12 out of 17 for growth. Below average, but not at the bottom.

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

Your city assessment is a snapshot taken months ago, based on data that's even older. It doesn't know what sold on your street last Tuesday. The HonestDoor Price is updated in real time, pulling from actual transactions as they happen.

For Quadra house owners, the HonestDoor Price is $1,112,026 - already 0.80% below the city's assessed value of $1,120,990. The city thinks your home is worth slightly more than the market does right now. That matters if you're refinancing, selling, or just trying to understand your actual net worth.

For condo owners, the gap is enormous. The city's number is $455,547. HonestDoor says $927,060. If you've been making financial decisions based on the assessment alone, you've been working with the wrong number. Check your HonestDoor Price today - it's the real-world check that your tax notice simply cannot provide.

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

Here's the straight talk for anyone considering listing in Quadra this summer.

For house sellers - you have a window. Sale prices are up sharply this month, but the underlying predicted value is drifting lower and you're sitting last on the Saanich growth leaderboard. Buyers in Quadra are already negotiating below list price. Waiting for the market to heat up further is a gamble. Pricing right, right now, is the smarter play. Your competition in Saanich Core is moving faster and commanding more per square foot.

For condo sellers - the stable pace is actually your friend. With only 2 sales this month, inventory is tight. Tight supply with steady demand means you have leverage. Just don't anchor your price to the city assessment - it dramatically understates where the market actually is. Use your HonestDoor Price as your starting point for the conversation with your agent.

• House growth rank in Saanich: 17 out of 17 - price it to move
• Condo days-on-market rank: 4 out of 10 - condos are selling at a decent clip
• Quadra has 3,379 assessed properties and 39 total transactions in 2026 - a small slice of homes are actually trading hands
• Rental demand is real: houses at $4,512/month, condos at $3,320/month

Bottom line - Quadra is not a market to ignore, but it rewards owners who know their real numbers. Get your HonestDoor Price, compare it to what's actually selling nearby, and make your move with clear eyes.

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.