The Village, Saanich - October 2026 Real Estate Report
The Village, Saanich: Your Neighbours Are Watching the Numbers. You Should Too.
If you own a home in The Village and you haven't checked your HonestDoor Price lately, here's the honest truth - your city assessment is already out of date. The real market has moved on without it.
The Vibe: What's Actually Happening in Our Neighbourhood
Let's break it down by property type, because houses and condos are telling two very different stories right now.
Houses: Fast Sales, But Watch the Trend
The one house that sold in 2026 went for $1,508,000 - and it sold at 102.65% of list price. That means the buyer paid above asking. It also sat on the market for just 7 days. For context, that speed ranks 2nd out of 14 neighbourhoods in Saanich. When a house hits the market here, it moves.
- Average sale price: $1,508,000
- Average list price this month: $1,469,000
- Price per square foot: $1,086
- Average days on market: 7
- Sold-to-list ratio: 102.65% - buyers are competing
- Predicted market value: $1,529,779
- 3-month moving average: $1,554,765 - the trend is dipping slightly
- Rental yield: 4.01% on an estimated rent of $5,616 per month
Here's the part worth paying attention to. The predicted value of $1,529,779 is running below the 3-month moving average of $1,554,765. Property values have shifted -2.14% recently, and on the neighbourhood growth leaderboard, houses in The Village rank 17th out of 17 in Saanich. Dead last. That doesn't mean panic - it means the market is taking a breather. But if you're thinking about selling, timing matters more than it did six months ago.
On price alone, we rank 5th out of 17 in Saanich. We're in the upper tier for value. The challenge is momentum, not quality.
Condos: A Quieter Win
Condos in The Village are actually doing something houses aren't right now - they're climbing. The predicted condo value sits at $570,806, which is up from the 3-month moving average of $553,841. That's a 3.24% recent change in the right direction, ranking 7th out of 17 neighbourhoods in Saanich. Above average. Not flashy, but solid.
- Average HonestDoor Price: $571,343
- Recent value change: +3.24%
- Growth rank: 7th out of 17 in Saanich
- Estimated rent: $2,832 per month
- Rental yield: 3.70%
- Airbnb rank in Saanich: 12th
For condo owners, the story is quietly encouraging. Values are ticking up, rent potential is real, and you're sitting in a neighbourhood that beats more than half of Saanich on growth right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's something most homeowners don't realize. The city's assessed value for houses in The Village averages $1,564,283. The average HonestDoor Price is $1,576,213 - that's 0.76% higher, and it's already factoring in a 3.83% increase from the previous period. Your assessment is a snapshot from the past. The HonestDoor Price is a live read on what buyers are actually doing right now.
Think of it this way. If you listed your home based on the assessed value alone, you could be leaving money on the table before the conversation even starts. The HonestDoor Price is the real-world check - updated, data-driven, and not waiting for the city to catch up.
With 252 properties assessed in The Village this year, there's enough data to make these numbers meaningful. This isn't a guess. It's the market talking.
The "So What?": Thinking About Selling This Summer?
If you're a house owner in The Village and you're considering listing this summer, here's the straight talk. The buyers are still showing up - 102.65% of list price and 7 days on market proves that. But the growth trend is the weakest in Saanich right now, and the predicted value is drifting below the 3-month average. The window is open, but it's not getting wider.
Selling sooner rather than later gives you the advantage of a market that still rewards well-priced homes with fast, above-ask offers. Wait too long and you're betting on a recovery that hasn't shown up in the data yet.
If you own a condo, you're in a better spot to be patient. Values are rising, the growth rank is above average, and the rental income story - $2,832 per month estimated - gives you options if you're not in a rush.
- House sellers: the market is still on your side, but act while buyers are competing
- Condo owners: momentum is building - you have more flexibility on timing
- Both: check your HonestDoor Price before you do anything else - it's the most current number you have
The Village is a high-value neighbourhood in Saanich. The bones are strong. Right now, the smartest move any homeowner here can make is knowing exactly where they stand - not based on last year's assessment, but based on what the market is saying today.
the village | saanich | october 2026This 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.