Ten Mile Point, Saanich - September 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 checked your HonestDoor Price lately, you're probably underestimating what your property is actually worth. The city's assessment is one number. The real world is a very different story.

The Vibe - Houses vs. Condos

Houses: Steady, Expensive, and Moving

If you've been watching the "For Sale" signs in Ten Mile Point, here's what's actually happening. Houses are selling, but buyers have a little room to breathe. The average sale price sits at $1,999,000, and homes are closing at about 95% of list price - meaning sellers are getting strong offers, just not full asking. One sale closed in the most recent period, and it took 25 days to get there. That's not slow. That's selective.

On the neighbourhood leaderboard, Ten Mile Point houses rank 2nd out of 17 neighbourhoods in Saanich for growth. That puts us near the top of the city. Price rank is 3rd out of 17 - we are one of the most expensive pockets in Saanich, and the numbers back that up.

• Average sale price: $1,999,000
• Average list price this month: $2,099,500
• Price per square foot: $493
• Sale-to-list ratio: 95.21% - buyers are paying just under asking
• Average days on market: 25
• Predicted market value: $2,879,131
• Estimated monthly rent: $8,744
• Rental yield: 3.44%
• Recent value change: up 1.42%
• Growth rank in Saanich: 2nd out of 17

Condos: Fast, Pricey, and Holding Their Own

Condos in Ten Mile Point are a different story - and a good one if you're a seller. The one condo that sold this period went in 3 days at full list price. That is a balanced market leaning toward sellers. At $1,699,900 average sale price and $632 per square foot, Ten Mile Point condos are the most expensive in Saanich - ranking 1st out of 12 neighbourhoods on price.

Growth is more modest here. The recent value change is down slightly at -0.62%, and the growth rank sits at 10th out of 17. But when you're already at the top of the price leaderboard, holding that position is its own kind of win.

• Average sale price: $1,699,900
• Price per square foot: $632
• Sale-to-list ratio: 100% - condos are selling at full asking
• Average days on market: 3
• HonestDoor Price: $1,203,007 - up 4.56% from last period
• Estimated monthly rent: $4,749
• Rental yield: 2.66%
• Recent value change: -0.62%
• Price rank in Saanich: 1st out of 12
• Days-on-market rank: 1st out of 10 - fastest-selling condos in Saanich

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

Here's the thing about your city assessment. It's a snapshot from the past. It doesn't move with the market in real time, and in a neighbourhood like Ten Mile Point, that gap can be enormous.

The average assessed value for a house here is $2,423,038. The average HonestDoor Price is $2,875,388. That's a difference of $452,350 - or 18.67% more than what the city has on file. If you're making any financial decision based on your assessment alone - whether that's refinancing, estate planning, or pricing a listing - you're working with an outdated number.

The HonestDoor Price updates continuously using real transaction data. It's the real-world check that your tax notice simply cannot provide. For houses, that price is trending up - sitting above the 3-month moving average of $2,847,143. For condos, the HonestDoor Price jumped 4.56% in the last period alone.

Ten Mile Point also holds the top Airbnb rank in all of Saanich - number 1. With an Airbnb estimate of $433 per night for houses, this neighbourhood has income potential that most assessments don't even begin to capture.

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

Here's the straight talk. Ten Mile Point is one of the strongest-positioned neighbourhoods in Saanich heading into summer. Houses rank near the top for growth. Condos sell in days at full price. And the real market value is running nearly 19% above what the city assessed.

If you're thinking about listing, a few things to keep in mind:

• Houses are selling below asking - price sharp and you'll move faster. Overpricing in a 95% sale-to-list market costs you time and leverage.
• Condos are moving at full price in 3 days - if you have a condo here, demand is real and immediate.
• With only 6 house transactions recorded in 2026 so far, inventory is tight. Low supply with strong demand is a seller's best friend.
• 466 properties are assessed in this neighbourhood. Most owners have no idea their HonestDoor Price is sitting nearly $450,000 above their assessment.
• Check your HonestDoor Price before you talk to any agent. Walk into that conversation knowing your real number, not the city's old one.

Ten Mile Point is not a neighbourhood that needs hype. The data does the talking. If you own here, you're in a strong spot - just make sure you're using the right numbers to make 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.