Acreage properties and lakeside living in Saanich's rural heartland
Saanich
Prospect Lake is Saanich's rural heartland, where acreage properties, hobby farms, and lakeside cabins line a freshwater lake just minutes from Royal Oak. Prospect Lake real estate features custom homes on large treed lots, waterfront properties with private docks, and a handful of working small farms. The community hall, Prospect Lake itself, and trails through Mount Work Regional Park anchor the area in Saanich. There are 9 homes for sale at a median of $2.04M. Houses sell in 48 days, with prices -1.1% year-over-year. Browse every Prospect Lake listing below with sold data and live market stats. Explore the live Prospect Lake market dashboard for 24-month price trends, inventory and days-on-market.
Median sold prices in Prospect Lake are down 1.1% compared with a year ago, and homes trade at a median of $683 per square foot. Recently, 23% of sales closed above the asking price, with homes averaging 48 days on market. Sale prices have been running near 120% of BC Assessment value. Sales activity tends to peak around June and is quietest around October, a useful signal for timing a purchase or sale.
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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.
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.
9 for sale
median $2.04M · -1.1% YoY
The 10 most recent home sales in Prospect Lake had a median sold price of $1,639,900. Sold prices appear once registered with BC Assessment; the rest are free with an 8X account.
