Saanich residential real estate market — Jun 2026

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

As of the latest data, Saanich is a seller's market. There are about 3.7 months of inventory — under 4 months typically favours sellers. Around 16.1% of houses sold above asking, and the typical sale closed at 97.5% of list price.

How much does a house cost in Saanich?

The median sold price for a house in Saanich is $1.24M, down 0.2% from a year ago. The average sold price is $1.39M. That works out to roughly $549 per square foot.

Are houses in Saanich selling over asking?

16.1% of houses that sold in Saanich closed above their list price. The typical home sold at 97.5% of asking — just under list. Among the homes that sold over asking, the median premium was +$23k over asking.

How long do houses take to sell in Saanich?

Half of the houses that sold in Saanich went under contract within about 25 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Saanich?

Median sold prices in Saanich are down 0.2% year over year, at $1.24M. Currently 20.8% 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 Saanich?

It depends which side you are on. With about 3.7 months of inventory, Saanich favours sellers. Sellers have leverage, with houses moving in around 25 days and 16.1% selling over asking — buyers should be ready to act quickly and expect competition.

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

Across the past two years, sales activity in 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 Saanich?

As of the latest data there are 324 active house listings in Saanich. Over the period, 1,709 new listings came to market and 888 sold, which is about 3.7 months of inventory at the current sales pace.

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

The typical home in Saanich sold at 101.9% of its BC-assessed value — about 2% 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.