Elk Lake Real Estate

Active lifestyle neighbourhood between Elk Lake and the Lochside Trail

Elk Lake

Saanich

Active lifestyle neighbourhood between Elk Lake and the Lochside Trail
$1.74M
Median SOLD price
3 month
1
active now
35
avg. day on market
N/A
Yoy median price change
Explore all of
Saanich

Elk Lake sits between the lake itself and the Lochside Trail, drawing active residents to rowing, paddleboarding, and long stretches of waterfront path. Elk Lake real estate features established single-family homes, custom builds with lake views, and a handful of acreage properties close to Beaver Lake, Commonwealth Place, and the Royal Oak corridor in Saanich. The Pat Bay Highway makes downtown and the airport equally close. There are 1 homes for sale at a median of $2.10M. Houses sell in 56 days, with prices year-over-year. Browse every Elk Lake listing below with sold data and live market stats. Explore the live Elk Lake market dashboard for 24-month price trends, inventory and days-on-market.

Elk Lake

Market Pulse

Live Data
$642
Avg Price per Sqft
Apr–Jun 2025
35
Avg. Days on Market
Apr–Jun 2025
84.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
76.8%
Avg. Sale-to-List Ratio
Below list · Apr–Jun 2025

Months of Inventory (MOI)

The time it would take to sell all current listings at the current sales pace. Responsive to filters.

— MOI
Seller's (< 4) Balanced (4-6) Buyer's (> 6)
Current Status
From live data
Sales Volume 12 months
22 Sales · Apr 2025
Monthly Sales Trend
12-month rolling · Updated live
22 Sales · Apr 2025
Median Sale Price 12 months
$1.2M Median · Apr 2025
Median Price Trend
12-month rolling · Updated live
$1.2M Median · Apr 2025
market analysis

How the Elk Lake market is moving

Homes in Elk Lake trade at a median of $571 per square foot. Recently, 40% of sales closed above the asking price, with homes averaging 56 days on market. Sale prices have been running near 84% of BC Assessment value.

Questions about

Elk Lake

?

Get the inside scoop on off-market listings and upcoming inventory from our local specialist.

778.678.9815
DUSTIN MILLER
Contact Me
on the market

Active Listings

Browse current properties for sale in this municipality

This is some text inside of a div block.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

transaction history

Recently Sold in

Elk Lake

log out (VOW Account)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

by property type

Elk Lake homes by type

Elk Lake Houses for Sale

1 for sale
median $2.10M

Elk Lake houses sold prices & stats →
listings

Elk Lake homes for sale

2 homes for sale in Elk Lake
explore

More Saanich neighbourhoods

All Saanich homes for sale →
questions & answers

Elk Lake real estate FAQ

What is the median home price in Elk Lake?
The current median home price in Elk Lake is $2.10M. This is based on 5 sales over the past 12 months.
How should I price my home in Elk Lake?
Homes in Elk Lake are currently selling at 97.5% of their list price, with an average of 56 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 40% sold above list price and 40% sold below.
How long do homes take to sell in Elk Lake?
Homes in Elk Lake currently take an average of 56 days to sell, which is at a slower pace, giving buyers more time to negotiate. Pricing, condition, and location all affect individual sale timelines.
What is the price per square foot in Elk Lake?
The median price per square foot in Elk Lake is $571. This metric is useful for comparing value across different property sizes and types.
Are homes in Elk Lake selling above or below assessed value?
Homes in Elk Lake are selling at an average of 84.0% of their BC Assessment value (based on 1 recent sales). Homes are selling below their BC Assessment values, which can occur in a softening market or when assessments haven't been adjusted down.
Are real estate sales increasing or decreasing in Elk Lake?
Sales volume in Elk Lake has been stable over the last 3 months: Jun 2026 (0 sales), Jul 2026 (0 sales), Aug 2026 (0 sales). Over the full 12-month period, there were 5 total sales.
How many homes, condos, and townhomes are for sale in Elk Lake?
There are currently 1 properties for sale in Elk Lake, including 1 single family homes. Listings are updated daily from the MLS® system.
1 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate