The Village, Saanich - September 2026 Real Estate Report

The Village, Saanich: Your Neighbour Just Listed. Here Is What You Need to Know.

If you have been watching the "For Sale" signs around The Village lately, here is the straight story on what is actually happening with prices, how fast homes are moving, and whether your city assessment is telling you the truth about what your place is worth right now.

The Vibe: What the Market Is Actually Doing

Houses

Houses in The Village are holding their ground. The average sale price sits at $1,508,000, and the big headline is that homes are selling for 102.65% of list price - meaning buyers are paying above asking. That is not a soft market. That is a sellers' market doing its job.

• 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 days
• Sold-to-list ratio: 102.65% - buyers are competing

Seven days on market is not a typo. On the Saanich days-on-market leaderboard, The Village ranks 2nd out of 16 neighbourhoods. We are one of the fastest-selling pockets in the entire district. If your house hits the MLS on a Monday, plan for offers by the weekend.

On the growth side, we are taking a small breather. Property values have nudged down 0.52% recently, and the predicted market value of $1,563,153 is sitting just below the 3-month moving average of $1,576,398. On the Saanich growth leaderboard, houses here rank 9th out of 17 - right in the middle of the pack. Not a red flag, but not a rocket ship either.

For anyone thinking about rental income, the estimated rent is $5,702 per month with a rental yield of 3.99%. That is a moderate but real return on a $1.5M-plus asset.

Condos

Condos are the quiet outperformer in The Village right now. The HonestDoor Price for condos has climbed 3.24% from the previous period to $570,806 - and the predicted market value of $552,912 is trending upward, above the 3-month moving average of $547,484. That upward momentum matters.

• Average HonestDoor Price: $570,806 (up 3.24%)
• Predicted market value: $552,912 and rising
• Estimated rent: $2,757 per month
• Rental yield: 3.73%
• Recent value change: up 2.81%

On the Saanich condo growth leaderboard, The Village ranks 4th out of 17 neighbourhoods. That puts us firmly in above-average territory. For context, nearby Queenswood condos are sitting at $548,067 - we are ahead of them and trending in the right direction.

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 is a snapshot from July 1st of last year. The market has moved since then - and in The Village, it has not moved in a straight line.

For houses, the average assessed value in The Village is $1,564,283. The average HonestDoor Price is $1,518,139. That is a gap of nearly $46,000 - and the HonestDoor Price is the one that reflects what buyers are actually paying right now, not what a government formula calculated months ago.

The HonestDoor Price has come down 2.05% from the previous period and sits 2.95% below the average assessed value. That gap is your real-world check. If you are pricing a home based on your assessment alone, you could be starting the conversation in the wrong place. The HonestDoor Price updates in real time. Your assessment does not.

For condo owners, the story flips in your favour. The HonestDoor Price is up 3.24%. If your assessment has not caught up to that gain, you may be sitting on more equity than you think.

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

If you are weighing a summer sale in The Village, here is the honest read on your position.

• Buyers are still paying above list price on houses - 102.65% on average. That is real leverage for a seller.
• Homes are moving in 7 days. A well-priced listing is not sitting around.
• The HonestDoor Price for houses is $1,518,139 - use that as your starting point for a pricing conversation, not the assessed value of $1,564,283.
• Condo owners have momentum on their side with values up 2.81% recently and a 4th-place growth ranking in Saanich.
• The neighbourhood growth rate for houses ranks 9th out of 17 in Saanich. Middle of the pack means you are not in a runaway market - smart pricing and presentation still matter.

The bottom line is this: The Village is not a market that rewards waiting around. Demand is real, days on market are low, and buyers are still writing offers above asking. If you have been thinking about making a move, this summer is a reasonable window - but go in with current numbers, not last year's assessment. Check your HonestDoor Price first. It is the number that actually reflects today.

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.