Lake Hill Real Estate

Central Saanich location with mature trees and neighbourhood character

Lake Hill

Saanich

Central Saanich location with mature trees and neighbourhood character
$1.04M
Median SOLD price
3 month
16
active now
46
avg. day on market
-1.2%
Yoy median price change
Explore all of
Saanich

Lake Hill sits in central Saanich with mature trees, tidy streets, and a strong neighbourhood character that has aged well since its post-war beginnings. The area surrounds Lake Hill Park and Reynolds Park, with Quadra Elementary, Reynolds Secondary, and the Galloping Goose connector all close at hand. Lake Hill real estate leans toward 1950s and 1960s single-family homes on generous lots, with steady infill activity and a sprinkling of townhomes near McKenzie. There are 6 homes for sale at a median of $1.18M. Houses move in 28 days, with prices +0.5% year-over-year. Browse every Lake Hill listing below with sold data and live market stats. Explore the live Lake Hill market dashboard for 24-month price trends, inventory and days-on-market.

Lake Hill

Market Pulse

Live Data
$630
Avg Price per Sqft
+5.7% YoY · Jun–Aug 2026
46
Avg. Days on Market
+115.1% YoY · Jun–Aug 2026
97.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
92.8%
Avg. Sale-to-List Ratio
Below list · Jun–Aug 2026

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 Lake Hill market is moving

Median sold prices in Lake Hill are up 0.9% compared with a year ago, and homes trade at a median of $578 per square foot. By property type, Lake Hill sees single-family homes around $1.18M, condos around $514K, townhomes around $644K. Recently, 25% of sales closed above the asking price, with homes averaging 30 days on market. Sale prices have been running near 97% of BC Assessment value. Sales activity tends to peak around April and is quietest around January, a useful signal for timing a purchase or sale.

Questions about

Lake Hill

?

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

778.678.9815
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

Lake Hill

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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

Lake Hill homes by type

Lake Hill Houses for Sale

6 for sale
median $1.18M · +0.5% YoY

Browse 6 Lake Hill houses for sale →Lake Hill houses sold prices & stats →

Lake Hill Condos for Sale

1 for sale
median $514K

Lake Hill condos sold prices & stats →
listings

Lake Hill homes for sale

12 homes for sale in Lake Hill
explore

More Saanich neighbourhoods

All Saanich homes for sale →
questions & answers

Lake Hill real estate FAQ

Is Lake Hill a buyer's or seller's market right now?
Lake Hill is currently a seller's market with 3.7 months of inventory (MOI). There are 16 active listings and approximately 4 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 Lake Hill?
The current median home price in Lake Hill is $1.06M. This is up 0.9% compared to the same period last year. This is based on 84 sales over the past 12 months.
How should I price my home in Lake Hill?
Homes in Lake Hill are currently selling at 98.5% of their list price, with an average of 30 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 25% sold above list price and 69% sold below.
How long do homes take to sell in Lake Hill?
Homes in Lake Hill currently take an average of 30 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 Lake Hill?
The median price per square foot in Lake Hill is $578. This metric is useful for comparing value across different property sizes and types.
Are homes in Lake Hill selling above or below assessed value?
Homes in Lake Hill are selling at an average of 97.0% of their BC Assessment value (based on 7 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.
How many homes are selling in Lake Hill?
In the last 30 days, 4 homes sold in Lake Hill. Over the past 12 months, 84 properties have sold. There are currently 16 active listings on the market.
Are real estate sales increasing or decreasing in Lake Hill?
Sales volume in Lake Hill has been decreasing over the last 3 months: Jun 2026 (7 sales), Jul 2026 (2 sales), Aug 2026 (4 sales). Over the full 12-month period, there were 84 total sales.
How many homes, condos, and townhomes are for sale in Lake Hill?
There are currently 16 properties for sale in Lake Hill, including 6 single family homes, 1 condos, 7 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Lake Hill?
The median single family home price in Lake Hill is $1.18M (+0.5% year-over-year). The single family market is currently a seller's market with 2 months of inventory. Houses take an average of 28 days to sell. The median price per square foot is $544. Browse all 6 houses currently for sale in Lake Hill to see what is on the market.
What is the condo market like in Lake Hill?
The median condo price in Lake Hill is $514K. The condo market is currently a seller's market with 0.8 months of inventory. Condos take an average of 47 days to sell. The median price per square foot for condos is $775. There were 12 condo sales in the past 12 months.
What homes have recently sold in Lake Hill and for how much?
There have been 84 homes sold in Lake Hill over the past 12 months, with 4 selling in the last 30 days. The median sold price is $1.06M. Recent median sold prices: Jun 2026: $1.10M, Jul 2026: $1.28M, Aug 2026: $797K. Every sale is listed in the recently sold section on this page, with photos, sold prices, and days on market.
What houses have recently sold in Lake Hill?
63 houses have sold in Lake Hill over the past 12 months, with 2 selling in the last 30 days. The median sold price for houses is $1.18M (+0.5% year-over-year). Recent median prices: Jun 2026: $1.18M, Jul 2026: $1.28M, Aug 2026: $1.07M. Individual house sales are listed in the recently sold section on this page.
What condos have recently sold in Lake Hill?
12 condos have sold in Lake Hill over the past 12 months, with 2 selling in the last 30 days. The median sold price for condos is $514K. Recent median prices: Jun 2026: $462K, Aug 2026: $485K. Individual condo sales are listed in the recently sold section on this page.
16 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate