The Village, Oak Bay - July 2026 Real Estate Report

The Village, Oak Bay and Saanich: Your Neighbour Just Texted You This

If you own in The Village and you have not checked your HonestDoor Price lately, now is the time to do it. The market is moving, and your city assessment is already behind. Here is what is actually happening on the ground.

The Vibe: What the Numbers Are Telling Us

Let's start with Oak Bay. The average HonestDoor Price in The Village, Oak Bay sits at $2,906,100. That is a 7.42% dip from the previous period. The market is taking a breather at the top end. That said, this is still premium real estate - the kind that pulls $9,265 a month in estimated rent and $460 a night on Airbnb. That Airbnb number puts The Village at rank 2 in all of Oak Bay for short-term rental potential. That is not a small thing.

Now over to Saanich. This is where it gets interesting for the rest of us.

Houses in The Village, Saanich

• Average sale price: $1,508,000 - holding steady
• Average list price this month: $1,469,000
• Price per square foot: $1,086
• Homes are selling at 102.65% of list price - buyers are paying over asking
• Average days on market: 7 days
• Days-on-market rank: 1 out of 15 neighbourhoods in Saanich - the fastest-selling area in the district
• Price rank: 7 out of 17 in Saanich - above average
• Growth rank: 11 out of 17 - below average, worth watching
• Predicted market value: $1,594,679
• Estimated monthly rent: $5,784 with a rental yield of 3.96%

Seven days on market and buyers paying above list. That is not a slow market - that is a sellers' market doing exactly what it is supposed to do. The growth rank of 11 out of 17 tells us appreciation is not leading the pack right now, but the speed of sales says demand is real and it is here today.

Condos in The Village, Saanich

• Predicted market value: $551,735
• 3-month moving average: $517,569 - values are climbing
• Recent value change: 0.63%
• Growth rank: 4 out of 17 in Saanich - above average
• Estimated monthly rent: $2,752 with a rental yield of 3.74%
• Slightly ahead of nearby Queenswood at $547,933

Condos here are quietly outperforming. A growth rank of 4 out of 17 puts The Village condos in the top quarter of Saanich neighbourhoods. The predicted value is already running ahead of the 3-month average, which means the momentum is pointing up, not sideways.

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 1 of last year. The market has moved since then - in some cases significantly. The HonestDoor Price is updated in real time using actual sales data, current listings, and neighbourhood trends. It is the real-world check against a number that was already old the day it arrived in your mailbox.

In Oak Bay, where the HonestDoor Price has shifted 7.42% in a single period, relying on last year's assessment to make a decision today is like navigating with an old map. You might get close, but you could also miss a turn that costs you money.

Check your HonestDoor Price now. It takes two minutes and it gives you the number that actually reflects today's market - not last summer's.

The So What: Thinking About Selling This Summer?

If you own a house in The Village, Saanich, the case for listing this summer is straightforward. Homes are selling in 7 days. Buyers are paying over asking. Inventory is tight enough that you are not competing with a flood of other listings. That is about as clean a setup as a seller can ask for.

If you own a condo, the growth rank of 4 out of 17 tells you values are building. You are not at the top of the leaderboard yet, but you are in the conversation - and you are ahead of most of your neighbours.

For Oak Bay owners, the 7.42% dip in the HonestDoor Price is worth a conversation with your agent before you set a list price. The short-term rental numbers are exceptional - rank 2 in Oak Bay for Airbnb potential - so if you are not selling, you have options for what to do with that asset in the meantime.

Bottom line: The Village is not a market you want to guess at. Pull your HonestDoor Price, know your real number, and make the call from there.

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.