Thursday, May 21, 2020
10 C

saanich home prices REAL ESTATE Saanich Real Estate Sales Real Estate Sold Prices Revealed VIEW SOLD HOMES VIEW SALES Saanich Real Estate VIEW FOR SALE

Interactive Sold Price Map of Saanich Real Estate

Map of VREB MLS® sales of detached single family homes

Clickon Google map viewer below to change layers for previous years.  For more information on any particular transaction, please contact Dustin Miller.

Area expert

Sell your home with 8X

8X offers best in class service and marketing of your property.

Current Saanich Stats

Updated May 1, 2020

Single Family Home

Average sold price Saanich East/West.

Sales Volume Increase

Compared to same month last year

Active Listings

Single Family Detached Homes MLS®

Home to the regions top educational institutions, and a vast array of landscapes from rural farms, urban retail, parks, and sand beaches. More than 114,000 people live here giving us the largest population on the island. Where will you call home? 

Other neighbourhoods

Apocalypse COVID19 Hits Spring Market

Most Owners are now holding off on selling their home as new listings in the 2nd half of March are down 37% compared to last year.

The full impact of the COVID19 pandemic cannot be recognized yet, as it will take many months for the data to reflect the massive change in consumer sentiment that was brought on by this black swan event.

There were 3 rate cuts this month. On March 4 and March 14th we saw Bank of Canada target rate lowered 50bps each. Then a third time on March 27 it lowered again by another 50bps leaving us at 0.25%.

I’ve now seen 5 year variable rates being posted at 2.4%. Very enticing time for consumers, and I have had more enquiries from first time home buyers looking to jump into property ownership.

Oak Bay saw some high ticket sales in March with a $7.68M home selling at 1011 Beach Drive and $4.7M at 3300 Uplands Dr. These sales skew the average upward for the entire region. 

The dip in new listings and a number of listings being cancelled means our already critically low inventory will become even more scarce. Low inventory in a typical free marketplace means sustained upward pressure on prices.

Of course, there are some who are forced to sell (estate sales, divorces, and foreclosures) and will make deals substantially below normal market value.

Make your next move

List of all residential sales

Knowledge is power. Search, browse, download, filter, and analyze the raw data.

Looking to Buy or Sell?

Schedule your appointment with 8X Today

Tell us a few things about yourself and we'll show you a lot more about us. We are certain you will see the value proposition in 8X representing you in your real estate transaction.