Queenswood, Saanich - September 2026 Real Estate Report

Queenswood, Saanich: Your Home Is Worth More Than the City Thinks

If you own property in Queenswood and you have not looked at your numbers lately, here is the short version: the city's assessment is running almost $311,000 behind reality. That gap matters - especially if you are thinking about making a move this summer.

The Vibe - What Is Actually Happening Out Here

Queenswood is one of the priciest pockets in all of Saanich. That is not a guess - it ranks number 1 out of 17 neighbourhoods on price. But the market is taking a breather right now, and knowing the difference between a slow market and a bad market is everything.

Houses: Expensive, Slow, and Still Holding Value

Let us be straight with you. Houses here are not flying off the shelf. The average days on market is 140 days, and that earns Queenswood a rank of 16 out of 16 for speed of sale in Saanich. Buyers are patient, and they know it.

• Average sale price: $2,545,000
• Average list price this month: $2,747,000
• Homes are selling at 92.56% of list price - buyers are negotiating, and winning
• Price per square foot: $1,043
• Only 2 properties sold recently - this is a thin market
• Predicted market value: $2,344,569 - down slightly from the 3-month average of $2,350,572
• Estimated rent: $7,502 per month with a rental yield of 3.63%
• Growth rank: 7 out of 17 in Saanich - solidly above average on the neighbourhood leaderboard

The takeaway for house owners: values are not collapsing, but buyers have leverage right now. Pricing sharp from day one is not optional - it is the strategy.

Condos: A Bright Spot in the Data

If we are looking for momentum in Queenswood, condos are where it is. Values are trending up, the 3-month average is climbing, and the growth rank sits at 2 out of 17 in Saanich. That puts condos here near the top of the neighbourhood leaderboard.

• Average HonestDoor Price: $570,867 - up 4.16% from the previous period
• Predicted market value: $548,067 - increasing vs. the 3-month average of $542,589
• Recent value change: up 3.07%
• Estimated rent: $2,733 per month with a rental yield of 3.75%
• Growth rank: 2 out of 17 in Saanich - a top performer
• Airbnb rank in Saanich: 11

Condo owners here are in a genuinely good position. The numbers are moving in the right direction, and the rental income story is solid.

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

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 on.

For houses in Queenswood, the average assessed value sits at $2,075,973. The average HonestDoor Price is $2,387,113. That is a gap of roughly $311,000 - or 14.99% higher than what the government has on file. The HonestDoor Price updates in real time using actual sales data, current listings, and market signals. It is the real-world check against a number that was calculated months ago.

If you are using your assessment to decide whether to sell, refinance, or even just understand what you own - you are working with an outdated map. The HonestDoor Price is the current one.

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

Here is the honest read for Queenswood sellers heading into summer 2026.

• Houses are sitting for an average of 140 days - this is not a market where you can overprice and wait
• Buyers are paying about 7.5% below list price on average - build that into your expectations
• The HonestDoor Price for houses is up 1.84% from the previous period - values are not crashing, they are just finding their level
• Queenswood holds the number 1 price rank in Saanich - the demand pool for a $2.5M-plus home is smaller, so marketing reach matters more than ever
• For condo owners, the timing looks better - growth is up 3.07% recently and momentum is on your side
• Airbnb potential ranks number 1 in Saanich for houses - if you are not selling, that short-term rental income story at $378 per night is worth a serious look

Bottom line: Queenswood is still one of the most valuable addresses in Saanich. But this is a market that rewards preparation and honest pricing. Check your HonestDoor Price, know your real number, and go in with a clear strategy. That is how you win in a slow market.

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.