The Village Centre, Victoria - July 2026 Real Estate Report

The Village Centre, Victoria: Prices Are Holding, But You Need to Know the Real Numbers

If you live in The Village Centre and you haven't checked your home's value lately, now is the time. The market here is doing something interesting - and your city assessment is almost certainly not telling you the full story.

The Vibe: What's Actually Happening on Our Streets

Let's break it down by property type, because houses and condos are telling two different stories right now.

Houses

Houses in The Village Centre are sitting at an average sale price of $1,500,000, with current listings coming in at $1,599,999. That gap matters. Buyers are negotiating - homes are selling at about 93.75% of list price on average, which means sellers are leaving roughly $100,000 on the table if they price without a strategy.

• Average sale price: $1,500,000
• Average list price this month: $1,599,999
• Price per square foot: $1,332
• Average days on market: 41 days
• Sale-to-list ratio: 93.75% - buyers are winning negotiations
• Predicted market value: $1,883,833
• Estimated monthly rent: $6,463
• Rental yield: 3.87%
• Recent value change: up 1.42%

Houses rank 6 out of 17 neighbourhoods in Saanich for growth - that puts us in the above-average category on the neighbourhood leaderboard. Price rank is 4 out of 17, meaning we are near the top for value in Saanich. The catch? Days on market ranks 11 out of 15, so homes here are taking longer to sell than most of the competition. Price it right from day one.

Condos

Condos are a different picture. The predicted market value sits at $2,516,240, up from the 3-month moving average of $2,480,367 - so values are creeping higher. But recent growth has dipped 1.61%, and the growth rank is 11 out of 17 in Saanich, placing condos in the below-average tier on the leaderboard right now.

• Predicted market value: $2,516,240
• 3-month moving average: $2,480,367
• Recent value change: down 1.61%
• Estimated monthly rent: $7,613
• Rental yield: 2.27%
• Growth rank: 11 out of 17 in Saanich

The rental yield on condos is 2.27%. That is a thin return for the price point. If you own a condo here as an investment, the numbers deserve a hard look.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

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 By the time it lands in your mailbox, it is already months out of date. The market does not wait for government paperwork.

The HonestDoor Price for houses in The Village Centre is currently $1,215,359, reflecting a 3.13% dip from the previous period. That is a real-world, real-time number. It moves when the market moves. Your assessment does not. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the check against a number that may no longer reflect reality.

On top of that, the average rental estimate sits at $4,573 per month, and if short-term rental is on your radar, the Airbnb estimate comes in at $227 per night. The Village Centre ranks 12th in Victoria for Airbnb potential - not the top of the list, but a real option worth running the numbers on.

The So What: Should You Sell This Summer?

If you are a house owner thinking about listing this summer, here is the honest take. The market is stable but it is a buyers' market right now. Homes are sitting for 41 days on average and selling below list price. That does not mean you should wait - it means you need to price smart from the start.

The predicted market value for houses at $1,883,833 is running well above recent sale prices of $1,500,000. That gap tells you there is room in this market, but only if you position correctly. Overpricing will cost you time, and time on market costs you leverage.

For condo owners, the softer growth trend and lower rental yield suggest patience may be your friend - unless your personal situation calls for a move now.

Bottom line: check your HonestDoor Price before you do anything else. It is the most current read you have on what your home is actually worth today - not last July.

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.