Ten Mile Point, Victoria - July 2026 Real Estate Report

Ten Mile Point Real Estate: Still One of Victoria's Most Expensive Addresses - And It's Holding Its Ground

If you own a home in Ten Mile Point, you already know this neighbourhood doesn't follow the same rules as the rest of Saanich. The water views, the quiet streets, the sheer scarcity of properties - it all adds up. Right now, the numbers are backing that up. Here is what is actually happening on the ground.

The Vibe: Houses vs. Condos - Two Very Different Stories

Let's break it down for us locals, because houses and condos here are moving in completely different directions.

Houses: Expensive, Stable, and Still in Demand

If you've been watching the "For Sale" signs in Ten Mile Point, here's what's actually happening with houses right now. The average sale price sits at $2,092,500, and listings are coming in at $2,144,950. Buyers are paying 97.5% of list price on average - meaning they're negotiating, but not by much. This is a stable buyers' market, but sellers are not giving the house away.

• Average sale price: $2,092,500
• Average list price: $2,144,950
• Price per square foot: $787
• Sale-to-list ratio: 97.5% - buyers are getting a small discount
• Average days on market: 22 days
• Properties sold this period: 2

On the neighbourhood leaderboard, Ten Mile Point houses rank 2 out of 17 for price in Saanich - meaning we are the second most expensive neighbourhood in the municipality. For growth, we rank 5 out of 17, placing us firmly in above-average territory. Days on market ranks 6 out of 15, which means properties here are selling at a moderately fast pace - not flying off the shelf, but not sitting either.

The predicted market value for houses comes in at $2,823,481, which is trending up from the 3-month moving average of $2,783,794. That upward movement matters. Property values have shifted 1.75% recently, and the rental picture is strong too - estimated rent of $8,603 per month with a rental yield of 3.46%.

Condos: The Fastest Sale in Saanich - But Watch the Value Trend

Here is where it gets interesting for condo owners. Ten Mile Point condos are selling fast - ranking 1 out of 12 for days on market in all of Saanich. The one condo that sold this period went in just 3 days, at full list price of $1,699,900. That is a balanced market doing exactly what it should.

• Average sale price: $1,699,900
• Price per square foot: $632
• Sale-to-list ratio: 100% - no discount, full price
• Average days on market: 3 days
• Price rank: 1 out of 12 - the most expensive condo neighbourhood in Saanich

The honest part? The predicted market value for condos is $1,109,200, and it is dipping slightly from the 3-month moving average of $1,124,491. Values have shifted -2.78% recently, and the growth rank sits at 15 out of 17 - that puts condo values in the bottom tier for growth right now. The market is taking a breather on that side. Rental yield comes in at 2.73%, with estimated rent of $4,500 per month.

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

Here is the thing about your BC Assessment notice. That number was calculated using data from July 1st of the previous year. A lot has changed since then. The HonestDoor Price is updated in real time, pulling in actual sales, current listing activity, and live market signals - not a government snapshot from months ago.

For Ten Mile Point houses, the average HonestDoor Price is $1,953,239, up 4.70% from the previous period. That kind of movement in a short window is exactly why waiting for your next tax assessment to understand your home's value is a mistake. By the time that letter arrives, the market has already moved again.

Ten Mile Point also ranks 3rd in all of Victoria for Airbnb potential. The average Airbnb estimate is $312 per night on the neighbourhood level. If you are sitting on a property here and not factoring in that income potential, you are leaving real money on the table when calculating your investment position.

The "So What?" - What This Means If You Are Thinking About Selling This Summer

If you own a house in Ten Mile Point and you have been thinking about listing this summer, the timing is not bad. Here is the straight talk:

• You are in the second most expensive neighbourhood in Saanich - that scarcity works in your favour
• Buyers are paying close to full list price - the 97.5% sale-to-list ratio means you are not going to get lowballed into the ground
• 22 days on market is reasonable - price it right and you are not camping out waiting for an offer
• The predicted value of $2,823,481 is trending up - momentum is on your side right now
• Your HonestDoor Price is up 4.70% - that is the real-world number to anchor your conversation with your agent, not last year's assessment

If you own a condo here, the picture is more nuanced. Yes, condos are selling fast and at full price - that is genuinely good news. But the value trend is softening slightly. If selling is on your radar, sooner is probably smarter than later while buyer demand is still strong enough to get you full list price in 3 days.

Either way, the first step is knowing what your place is actually worth today - not what the city thinks it was worth last July. Check your HonestDoor Price at HonestDoor.com and use that as your starting point.

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.