North Saanich residential real estate market — Jun 2026

Is North Saanich a buyer's or seller's market?

As of the latest data, North Saanich is a balanced market. There are about 4.3 months of inventory — 4 to 7 months is considered balanced. Around 8.7% of houses sold above asking, and the typical sale closed at 97.2% of list price.

How much does a house cost in North Saanich?

The median sold price for a house in North Saanich is $1.6M, up 6.7% from a year ago. The average sold price is $1.96M. That works out to roughly $563 per square foot.

Are houses in North Saanich selling over asking?

8.7% of houses that sold in North Saanich closed above their list price. The typical home sold at 97.2% of asking — just under list. Among the homes that sold over asking, the median premium was +$11.1k over asking.

How long do houses take to sell in North Saanich?

Half of the houses that sold in North Saanich went under contract within about 26 days — the median days on market. That is a moderate pace.

Are home prices going up or down in North Saanich?

Median sold prices in North Saanich are up 6.7% year over year, at $1.6M. Currently 18.1% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in North Saanich?

It depends which side you are on. With about 4.3 months of inventory, North Saanich is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 26 days to sell, so both sides have room to negotiate on price and terms.

What is the best time of year to sell a home in North Saanich?

Across the past two years, sales activity in North Saanich has been strongest in May and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many houses are for sale in North Saanich?

As of the latest data there are 77 active house listings in North Saanich. Over the period, 385 new listings came to market and 171 sold, which is about 4.3 months of inventory at the current sales pace.

Do houses in North Saanich sell for more than their assessed value?

The typical home in North Saanich sold at 105.1% of its BC-assessed value — about 5% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.