Queenswood, Saanich - July 2026 Real Estate Report

Queenswood, Saanich: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you live in Queenswood and you've been glancing at your latest BC Assessment notice, here's something worth knowing: the city's number is already out of date. The average assessed value in Queenswood sits at $2,075,973 for houses - but the average HonestDoor Price is $2,352,621. That's a gap of over $276,000. For most homeowners, that difference isn't a rounding error. It's a renovation, a down payment, or a retirement top-up.

The Vibe: What's Actually Happening in Our Neighbourhood

Houses - Expensive, Slow, and Holding Steady

Let's be straight with each other. The Queenswood house market is taking a breather. Only 2 properties sold recently, and homes are sitting on the market for an average of 140 days. Buyers are paying about 92.56% of list price, which means if you list at $2,747,000, expect offers closer to $2,545,000. That's the current reality.

• Average sale price: $2,545,000
• Average list price this month: $2,747,000
• Price per square foot: $1,043
• Average days on market: 140
• Sale-to-list ratio: 92.56%
• Predicted market value: $2,355,090
• Estimated monthly rent: $7,517
• Rental yield: 3.63%
• Airbnb estimate: $373 per night (ranked 2nd in Saanich - that's a strong short-term rental position)

On the neighbourhood leaderboard, Queenswood houses rank 1st out of 17 for price in Saanich - we are at the top of the market. But growth rank is 16th out of 17, and days-on-market rank is last at 15th out of 15. That combination tells a clear story: this is a prestige address that takes patience to sell. We're not in a rush market. Buyers here are deliberate.

The predicted value of $2,355,090 is slightly below the 3-month moving average of $2,374,754, and property values have shifted -1.24% recently. Nothing dramatic - but worth watching if you're planning a move this year.

Condos - A Quieter Corner With Some Upside

Queenswood condos tell a different story. The HonestDoor Price sits at $531,767, down 2.95% from the previous period. That's a real dip worth noting. But here's the flip side - the predicted market value is $547,933, which is actually climbing above the 3-month moving average of $517,733. So while the recent trend dipped, the forward-looking number is recovering.

• Average HonestDoor Price: $531,767
• Predicted market value: $547,933
• 3-month moving average: $517,733
• Estimated monthly rent: $2,733
• Rental yield: 3.75%
• Airbnb estimate: $133 per night
• Recent value change: -0.16%

On the condo leaderboard, Queenswood ranks 8th out of 17 for growth in Saanich - right in the middle of the pack, which is actually above average. Nearby, The Village Centre condos are priced significantly higher at $2,350,164, which makes Queenswood condos look like a relative entry point into a premium area.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

BC Assessment values are a snapshot from July 1st of the previous year. By the time that notice hits your mailbox, the market has already moved. The HonestDoor Price is updated in real time using actual sales data, algorithm modelling, and current market signals. For Queenswood houses, that means the HonestDoor Price is running 13.33% higher than the assessed value. On a $2 million-plus property, that gap is not a technicality - it's real money that a static government number is leaving on the table.

If you're using your assessment to make any financial decision - refinancing, estate planning, or just figuring out what your home is worth - you're working with yesterday's data. The HonestDoor Price is the real-world check.

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

Here's the honest take for anyone considering listing in Queenswood this summer. The price ceiling is high - we're ranked 1st in Saanich for house prices. But the market is slow. Homes are taking 140 days to sell and buyers are negotiating below list. That means pricing strategy is everything right now.

List too high and you'll sit. Price it sharp and you move. With only 3 total property transactions recorded in 2026 across 334 assessed properties, this is a low-volume, high-value market. Every listing is an event. Presentation, pricing, and timing matter more here than almost anywhere else in Saanich.

The Airbnb ranking of 2nd in Saanich is a genuine asset worth mentioning to buyers if you're not selling. At $373 per night, a Queenswood house has real short-term income potential - and that's a talking point that adds to perceived value when you do decide to list.

Bottom line: Queenswood is one of the most expensive addresses in Saanich. It's not a fast market right now, but it's a strong one. Know your real number before you make any move - and that number is your HonestDoor Price, not last year's assessment.

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.