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
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Median price
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active listings
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avg. day on market
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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 $1.71M. Houses sell in 36 days, with prices -14.1% 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
Avg Price per Sqft
Avg. Days on Market
Avg. Sale-to-Assessed Ratio
Avg. Sale-to-List Ratio

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

Median sold prices in Elk Lake are down 14.1% compared with a year ago, and homes trade at a median of $635 per square foot. Recently, 33% of sales closed above the asking price, with homes averaging 36 days on market. Sales activity tends to peak around June and is quietest around July, a useful signal for timing a purchase or sale.

Questions about

Elk Lake

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

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DUSTIN MILLER
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on the market

Active Listings

Browse current properties for sale in this municipality

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

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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 $1.71M · -14.1% YoY

Elk Lake houses sold prices & stats →
listings

Elk Lake homes for sale & sold prices

The 9 most recent home sales in Elk Lake had a median sold price of $1,525,000. Sold prices appear once registered with BC Assessment; the rest are free with an 8X account.

2 homes for sale in Elk Lake
9 recent sales in Elk Lake
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More Saanich neighbourhoods

All Saanich homes for sale →
questions & answers

Elk Lake real estate FAQ

Is Elk Lake a buyer's or seller's market right now?
Elk Lake is currently a seller's market with 0.8 months of inventory (MOI). There are 1 active listings and approximately 2 sales in the last 30 days, indicating low inventory favouring sellers. A MOI below 4 indicates a seller's market, 4–6 is balanced, and above 6 is a buyer's market.
What is the median home price in Elk Lake?
The current median home price in Elk Lake is $1.71M. This is down 14.1% compared to the same period last year. This is based on 6 sales over the past 12 months.
How should I price my home in Elk Lake?
Homes in Elk Lake are currently selling at 97.2% of their list price, with an average of 36 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 33% sold above list price and 50% sold below.
How long do homes take to sell in Elk Lake?
Homes in Elk Lake currently take an average of 36 days to sell, which is at a moderate pace. 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 $635. This metric is useful for comparing value across different property sizes and types.
How many homes are selling in Elk Lake?
In the last 30 days, 2 homes sold in Elk Lake. Over the past 12 months, 6 properties have sold. There are currently 1 active listings on the market.
Are real estate sales increasing or decreasing in Elk Lake?
Sales volume in Elk Lake has been increasing over the last 3 months: Apr 2025 (1 sales), May 2025 (1 sales), Jun 2025 (2 sales). Over the full 12-month period, there were 6 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.
What homes have recently sold in Elk Lake and for how much?
There have been 6 homes sold in Elk Lake over the past 12 months, with 2 selling in the last 30 days. The median sold price is $1.71M. Recent median sold prices: Apr 2025: $2.20M, May 2025: $1.50M, Jun 2025: $1.63M. View all recently sold properties in Elk Lake with photos, sold prices, and days on market on the 8X Real Estate Elk Lake page.
1 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate