Ten Mile Point, Saanich - August 2026 Real Estate Report

Ten Mile Point Is Sitting on More Money Than the City Thinks

If you own a home in Ten Mile Point and you haven't looked at your HonestDoor Price lately, you're probably underestimating what your property is actually worth. The city's assessment says one thing. The real market says something else entirely - and the gap is significant.

The Vibe: What's Happening Right Now

Houses

The house market here is steady, not flashy. One sale closed recently at $1,650,000, with listings sitting at an average of $1,749,000. Buyers are paying about 94 cents on the dollar - so yes, there's room to negotiate, and sellers need to price smart. Properties are taking around 32 days to move, which puts us in the middle of the pack for Saanich (ranked 10th out of 16 for days on market). That's not a red flag - it just means buyers are being deliberate.

The bigger story is the predicted market value: $2,838,817 for houses, up from a 3-month average of $2,812,398. That upward trend matters. Price per square foot is running around $781, and we rank 2nd out of 17 neighbourhoods in Saanich for price - meaning Ten Mile Point houses are among the most expensive in the entire municipality. Growth rate? Ranked 3rd out of 17. We're near the top of the Saanich leaderboard.

• Average sale price: $1,650,000
• Average list price: $1,749,000
• Sale-to-list ratio: 94.34%
• Days on market: 32
• Price per sq ft: $781
• Predicted market value: $2,838,817
• Estimated monthly rent: $8,631
• Rental yield: 3.46%
• Growth rank in Saanich: 3rd out of 17
• Price rank in Saanich: 2nd out of 17

Condos

The condo side of Ten Mile Point is a different story - and honestly, a good one if you own one. The one condo that sold this year went at full list price ($1,699,900) and was off the market in 3 days. Three days. That's the fastest days-on-market rank in all of Saanich (1st out of 11). Buyers are not sleeping on Ten Mile Point condos.

The predicted condo value sits at $1,157,750, up from a 3-month average of $1,135,957, with a recent value change of 4.38%. That growth rate ranks 1st out of 17 neighbourhoods in Saanich. First. We're leading the leaderboard on condo growth right now. Price rank is also 1st out of 12 - the most expensive condo market in Saanich.

• Average sale price: $1,699,900
• Sale-to-list ratio: 100%
• Days on market: 3
• Price per sq ft: $632
• Predicted market value: $1,157,750
• Estimated monthly rent: $4,624
• Rental yield: 2.66%
• Recent value change: 4.38%
• Growth rank in Saanich: 1st out of 17
• Price rank in Saanich: 1st out of 12

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about BC assessments - they're a snapshot from the past. The city assessed the average Ten Mile Point home at $2,423,038. The average HonestDoor Price is $2,875,388. That's an $452,350 difference - 18.67% higher than what the government has on file.

The HonestDoor Price updates in real time, pulling from actual market activity. Your assessment doesn't do that. It's recalculated once a year based on older data. If you're making any decision about your property - selling, refinancing, even just understanding your net worth - the HonestDoor Price is the number that reflects what a buyer would actually pay today, not what the city calculated months ago.

Ten Mile Point also holds the top Airbnb rank in all of Saanich, with an average nightly estimate of $433 for houses and $229 for condos. That's real income potential that a tax assessment will never capture.

• Average assessed value: $2,423,038
• Average HonestDoor Price: $2,875,388
• Gap: $452,350 (18.67% higher than assessment)
• HonestDoor Price change from previous period: up 0.55%
• Airbnb rank in Saanich: 1st
• Assessed value rank in Saanich: 1st
• Average Airbnb estimate: $433 per night

The So What: Should You Sell This Summer?

If you're a house owner thinking about listing, the conditions are reasonable but not a seller's free-for-all. Buyers are active and paying close to list - but not over it. Price your home right and it moves. Price it with wishful thinking and it sits. At 32 days average on market, the window is there, but it requires a sharp strategy.

If you own a condo, this summer looks genuinely strong. Full list-price sales, 3-day turnarounds, and the top growth rank in Saanich - that's a combination that doesn't come around often. If you've been on the fence, the data is pointing in one direction.

Either way, the first step is knowing your real number. Not the city's number from last year - your HonestDoor Price today. With only 6 total property transactions recorded in Ten Mile Point so far in 2026, inventory is tight. Tight inventory and strong demand is exactly the setup that rewards sellers who move with good information.

Check your HonestDoor Price at honestdoor.com. It takes about 30 seconds and it might change how you think about your next move.

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.