The Village Centre, Victoria - September 2026 Real Estate Report

The Village Centre, Victoria: Your Neighbour Just Listed. Here Is What You Need To Know.

If you have been watching the "For Sale" signs around The Village Centre lately, the story is more interesting than the quiet streets let on. This is one of the priciest pockets in all of Saanich, homes move fast, and the gap between what the city thinks your place is worth and what buyers will actually pay is bigger than ever. Here is the real breakdown.

The Vibe: What Is Actually Happening With Houses and Condos

Let us start with houses, because that is where the action is right now.

• Average sale price: $1,900,000
• Average listing price this month: $1,948,000
• Price per square foot: $645
• Homes are selling at 97.54% of list price - buyers are getting a small discount, but sellers are still holding strong
• Average days on market: 5 days
• Predicted market value: $1,835,141
• Estimated monthly rent: $6,351 with a rental yield of 3.90%
• Recent value change: up 0.86%

Five days on market. That is not a typo. We rank 1st out of 16 neighbourhoods in Saanich for how fast homes sell. When a house hits the market here, buyers are ready. On price, we sit 2nd out of 17 neighbourhoods in Saanich - this is premium territory. For growth, we rank 4th out of 17, which puts us solidly in the above-average camp. Not the flashiest number on the leaderboard, but steady and respectable.

Condos tell a different story, and we should be honest about it.

• Predicted market value: $2,267,524
• 3-month moving average: $2,377,976 - values are sliding back from that peak
• Recent value change: -3.52%
• Estimated monthly rent: $7,253 with a rental yield of 2.33%
• Growth rank: 16th out of 17 neighbourhoods in Saanich

That condo growth rank is a flag worth paying attention to. Sitting 16th out of 17 in Saanich means the condo segment here is taking a breather - and the gap between the 3-month average and the current predicted value confirms values are drifting down, not up. If you own a condo in The Village Centre, now is the time to get a clear picture of where you actually stand.

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

Here is the thing about your BC Assessment notice. It reflects a snapshot from July 1st of the previous year. A lot has moved since then. The HonestDoor Price is updated in real time, pulling from actual sales data, current listing activity, and market shifts as they happen - not 12 months after the fact.

For The Village Centre, the average HonestDoor Price sits at $1,204,014, up 1.06% from the previous period. That is a live number. Your assessment is a historical one. When buyers and their agents are doing their homework, they are not looking at last year's government number - they are looking at tools like HonestDoor to figure out what a property is worth today.

If you are a homeowner here and you have not checked your HonestDoor Price recently, you are essentially navigating with an old map. Pull it up. It is the real-world check your assessment cannot give you.

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

For house sellers, the setup is genuinely good right now. Homes are moving in 5 days, you are in the 2nd most expensive neighbourhood in Saanich, and buyers are paying close to full list price. The market is stable, not frenzied, which actually works in your favour - serious buyers, not panic buyers. Price it right and you will not be sitting on it long.

For condo owners, the honest advice is this: do not wait and hope the numbers bounce back on their own. A -3.52% recent change and a 16th-place growth ranking in Saanich means the window for peak condo pricing may have already passed. If selling is on your radar, getting ahead of further softening is smarter than holding out for a recovery that is not yet showing up in the data.

Either way, the first move is the same - check your HonestDoor Price today, not when your next assessment arrives in January. The market is moving now, and that number is your best starting point for any conversation about what your home is actually worth.

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.