Aspen Trails, Sherwood Park - August 2026 Real Estate Report

Aspen Trails Real Estate Update: Houses Are Flying Off the Market, But Condos Tell a Different Story

If you own a home in Aspen Trails and you haven't checked your property value lately, now is the time. The numbers are moving - and depending on whether you own a house or a condo, the story is very different. Here's the straight talk on what's happening in our neighbourhood right now.

The Vibe: Houses vs. Condos in Aspen Trails

Let's start with houses, because the numbers here are genuinely impressive. We're seeing an average sale price of $629,300 - up 4.0% from last month alone. Homes are sitting on the market for an average of just 8 days, which ranks us 4th out of 26 neighbourhoods in Sherwood Park for speed. That's not a slow market. That's a sprint. On top of that, buyers are paying 102.65% of list price on average. In plain terms, that means people are getting into bidding wars to buy on our street. If you're a seller, that's the kind of stat that should make you sit up straight.

• Average house sale price: $629,300 (up 4.0% from last month)
• Average days on market: 8 days
• Sale-to-list price ratio: 102.65% - buyers are paying over asking
• Price per square foot: $344
• 5 houses sold this month
• Days-on-market rank: 4th out of 26 in Sherwood Park - very fast-selling
• Price rank: 9th out of 32 in Sherwood Park - above average

Condos are a different conversation. We had 2 condo sales this month at an average of $325,000, and properties sold at 97.11% of list price - meaning buyers had a bit of negotiating room. At 30 days on market, condos are moving slower than houses, though we're still beating nearby Emerald Hills where condos sit for 41 days. If you own a condo in Aspen Trails, you're not in a bad spot - but you need to price it right. The market will not do the work for you.

• Average condo sale price: $325,000
• Average days on market: 30 days
• Sale-to-list price ratio: 97.11% - slight buyer advantage
• Price per square foot: $274
• 2 condos sold this month
• Price rank: 4th out of 21 in Sherwood Park - among the most expensive condos
• Growth rank: 18th out of 37 - above average for condos in Sherwood Park

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from months ago, calculated using broad strokes across entire property categories. It doesn't know that houses in Aspen Trails are selling in 8 days. It doesn't know buyers are paying over asking. It's essentially a photo of a market that no longer exists.

The HonestDoor Price is updated in real time using actual transaction data. Right now, the average HonestDoor Price for a house in Aspen Trails sits at $680,996 - up 1.72% from the previous period. For condos, it's $416,240. These numbers reflect what the market is actually doing today, not what a government office calculated last winter.

Think of the HonestDoor Price as your real-world check. If your tax assessment says one thing and the HonestDoor Price says another, the HonestDoor Price is the one closer to what a buyer would actually put on paper. For houses, the predicted market value is $669,508. For condos, it's $420,831. Those are the numbers worth knowing before you call a realtor or renew your insurance.

• House HonestDoor Price: $680,996 (up 1.72%)
• House predicted market value: $669,508
• Condo HonestDoor Price: $416,240 (down 1.09%)
• Condo predicted market value: $420,831

The "So What?": Thinking About Selling This Summer?

For house owners, the case for selling this summer is hard to argue with. Buyers are paying over asking, homes are gone in 8 days, and we ranked 6th in all of Sherwood Park for total transaction volume with 53 property transactions in 2026. Demand is real. If you've been on the fence, the fence is a pretty uncomfortable place to sit right now.

One honest note - the 3-month moving average for house values sits at $671,497, and the predicted value of $669,508 is just slightly below that. The market isn't crashing, but it's worth knowing that the peak of the recent run may be right now. Waiting until fall is a gamble when buyers are this active today.

For condo owners, the play is about positioning. You're sitting in the top 4 most expensive condo neighbourhoods in Sherwood Park, and your rental yield of 3.98% makes the property attractive to investors if owner-occupier demand softens. Price it sharp, present it well, and you'll find a buyer. Overprice it and you'll be watching that 30-day average creep up on you.

On the rental side, houses in Aspen Trails are pulling an estimated $3,166 per month with a rental yield of 5.30%. That's a strong return by any measure. If selling isn't the move, holding and renting is a legitimate strategy here.

• House rental estimate: $3,166 per month - rental yield of 5.30%
• Condo rental estimate: $2,100 per month - rental yield of 3.98%
• Total 2026 transactions in Aspen Trails: 53 - ranked 6th in Sherwood Park
• Bottom line for sellers: houses are in a strong sellers' market right now - condos require smart pricing

Check your HonestDoor Price before you make any move. It takes 30 seconds and it's the most current number you'll find. Your neighbour's sale from last week is already in there.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.