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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
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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
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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 9 homes for sale at a median of $1.18M. Houses move in 25 days, with prices +3.0% 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
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
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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 1.3% compared with a year ago, and homes trade at a median of $573 per square foot. By property type, Lake Hill sees single-family homes around $1.18M, condos around $513K, townhomes around $656K. Recently, 27% of sales closed above the asking price, with homes averaging 28 days on market. Sale prices have been running near 99% 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

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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

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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.

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

9 for sale
median $1.18M · +3.0% YoY

Lake Hill houses sold prices & stats →

Lake Hill Condos for Sale

2 for sale
median $513K

Lake Hill condos sold prices & stats →

Lake Hill Townhomes for Sale

3 for sale
median $656K · -14.7% YoY

Lake Hill townhomes sold prices & stats →
listings

Lake Hill homes for sale & sold prices

The 10 most recent home sales in Lake Hill had a median sold price of $882,500. Sold prices appear once registered with BC Assessment; the rest are free with an 8X account.

12 homes for sale in Lake Hill
10 recent sales in Lake Hill
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More Saanich neighbourhoods

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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 months of inventory (MOI). There are 14 active listings and approximately 5 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 $1.08M. This is up 1.3% compared to the same period last year. This is based on 82 sales over the past 12 months.
How should I price my home in Lake Hill?
Homes in Lake Hill are currently selling at 98.6% of their list price, with an average of 28 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 27% sold above list price and 68% sold below.
How long do homes take to sell in Lake Hill?
Homes in Lake Hill currently take an average of 28 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 $573. 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 99.0% of their BC Assessment value (based on 19 recent sales). Homes are selling close to their BC Assessment values, suggesting assessments are reasonably aligned with market conditions.
How many homes are selling in Lake Hill?
In the last 30 days, 5 homes sold in Lake Hill. Over the past 12 months, 82 properties have sold. There are currently 14 active listings on the market.
Are real estate sales increasing or decreasing in Lake Hill?
Sales volume in Lake Hill has been increasing over the last 3 months: Mar 2026 (2 sales), Apr 2026 (7 sales), May 2026 (5 sales). Over the full 12-month period, there were 82 total sales.
How many homes, condos, and townhomes are for sale in Lake Hill?
There are currently 14 properties for sale in Lake Hill, including 9 single family homes, 2 condos, 3 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 (+3.0% year-over-year). The single family market is currently a seller's market with 2.7 months of inventory. Houses take an average of 25 days to sell. The median price per square foot is $545.
What is the condo market like in Lake Hill?
The median condo price in Lake Hill is $513K. The condo market is currently a balanced market with 6 months of inventory. Condos take an average of 45 days to sell. The median price per square foot for condos is $771. There were 10 condo sales in the past 12 months.
What homes have recently sold in Lake Hill and for how much?
There have been 82 homes sold in Lake Hill over the past 12 months, with 5 selling in the last 30 days. The median sold price is $1.08M. Recent median sold prices: Mar 2026: $855K, Apr 2026: $973K, May 2026: $920K. View all recently sold properties in Lake Hill with photos, sold prices, and days on market on the 8X Real Estate Lake Hill page.
What houses have recently sold in Lake Hill?
63 houses have sold in Lake Hill over the past 12 months, with 4 selling in the last 30 days. The median sold price for houses is $1.18M (+3.0% year-over-year). Recent median prices: Mar 2026: $1.18M, Apr 2026: $1.10M, May 2026: $994K.
What condos have recently sold in Lake Hill?
10 condos have sold in Lake Hill over the past 12 months. The median sold price for condos is $513K. Recent median prices: Mar 2026: $530K.
14 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate
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