Ten Mile Point, Saanich - October 2026 Real Estate Report
Ten Mile Point Is Still the Most Expensive Address in Saanich - And the Numbers Back It Up
If you own a home in Ten Mile Point, you already know this neighbourhood is different. But do you know exactly how different? The latest data makes it pretty clear: this is the priciest corner of Saanich, and it is holding its ground while a lot of other areas are guessing where they stand.
The Vibe - Houses vs. Condos
Houses
We are sitting at the top of the Saanich leaderboard for house prices - ranked 1 out of 17 neighbourhoods. The average sale price is $3,690,000, and homes are selling right at the list price (100%). That is a balanced market doing exactly what it should. No panic selling, no bidding war chaos.
- Average sale price: $3,690,000
- Price per square foot: $898
- Average days on market: 34
- Sold at list price: 100%
- Predicted market value: $2,931,004 - up from the 3-month average of $2,882,984
- Estimated monthly rent: $8,846
- Rental yield: 3.43%
- Recent value change: 1.80%
- Growth rank in Saanich: 3 out of 17 - top tier
Thirty-four days on market sounds slow, but for a neighbourhood where the average home costs nearly $3.7 million, that is actually a healthy pace. Buyers at this price point take their time. The fact that they are still paying full list price tells us demand is real, not forced.
Condos
Our condo market is a different story - in a good way. One condo sold in just 3 days. Three days. That is the fastest days-on-market rank in all of Saanich (1 out of 11). When a condo in Ten Mile Point hits the market, buyers are not sleeping on it.
- Average sale price: $1,699,900
- Price per square foot: $632
- Average days on market: 3
- Sold at list price: 100%
- Predicted market value: $1,203,007 - up from the 3-month average of $1,170,428
- HonestDoor Price: $1,278,933 - up 6.31% from the previous period
- Estimated monthly rent: $4,749
- Rental yield: 2.60%
- Recent value change: 4.56%
- Growth rank in Saanich: 5 out of 17 - above average
A 6.31% jump in the HonestDoor Price for condos is not a small move. That is real momentum building in a property type that does not always get the spotlight in a neighbourhood known for its waterfront houses.
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing most Ten Mile Point homeowners do not realize. The city's assessed value for houses here averages $2,423,038. The average HonestDoor Price is $2,875,388. That is an 18.67% gap - and it is not the city being conservative. It is the city being slow.
Government assessments are snapshots from the past. They do not update in real time. The HonestDoor Price pulls from current market activity and recalculates constantly. For a neighbourhood where the average home is worth nearly $3 million, that gap between $2.4M and $2.9M is not a rounding error - it is nearly half a million dollars of equity that your tax notice is not showing you.
Ten Mile Point also holds the number 1 Airbnb rank in all of Saanich, with an average nightly estimate of $433. If you are sitting on a property here and wondering what it is actually worth in today's market, the HonestDoor Price is the real-world check you need - not a document that was finalized months ago.
The "So What?" - Thinking About Selling This Summer?
If you are a Ten Mile Point homeowner weighing a summer sale, the conditions are about as stable as they get. Houses are selling at full list price. The predicted value is trending up. Growth ranks 3rd out of 17 neighbourhoods in Saanich - that is a leaderboard position worth paying attention to.
For house sellers, the 34-day average on market means you need a patient, well-priced strategy. Buyers at $3.7 million are deliberate. Price it right from day one and you will not need to chase the market down.
For condo sellers, the 3-day sales pace is your green light. Inventory is tight, demand is fast, and your HonestDoor Price is climbing. If you have been waiting for a signal, this is a pretty loud one.
Bottom line: Ten Mile Point is not flashy about it, but it is quietly one of the strongest-performing neighbourhoods in Saanich right now. Check your HonestDoor Price at HonestDoor.com before you make any moves - because your tax assessment is almost certainly underselling you.
ten mile point | 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.