Broadmoor Estates, Sherwood Park - August 2026 Real Estate Report

Broadmoor Estates, Sherwood Park: Here's What Your Home Is Actually Worth Right Now

The Vibe on the Ground

If you've been watching the "For Sale" signs in Broadmoor Estates lately, here's what's actually happening. The market is moving - but it depends a lot on what you own. Houses and condos are telling two very different stories right now, and knowing which one applies to you could be worth tens of thousands of dollars.

Houses: Prices Are Up, But Read the Fine Print

The house market in Broadmoor Estates is showing some real momentum. The average sale price hit $556,133 this month - that's a 20.7% jump from last month. Before you pop the champagne, keep in mind that only 3 houses sold, so one strong sale can move that number fast. Still, the direction is right.

• Average HonestDoor Price: $570,645
• Average sale price this month: $556,133 (up 20.7% from last month)
• Average listing price: $568,233
• Price per square foot: $362
• Homes selling at 98.35% of list price - buyers are close to full ask, but not quite there
• Average days on market: 68 days
• Predicted market value: $583,460
• Rental yield: 5.50% - that's a strong return for landlords
• Estimated rent: $2,729 per month

Sixty-eight days on market sounds slow, but here's the context that matters: nearby Sherwood Heights is sitting at 90 days. So we're actually moving homes faster than our neighbours. On the neighbourhood leaderboard, Broadmoor Estates houses rank 21 out of 54 for growth in Sherwood Park - solidly above average. That's a real competitive edge.

The one number to watch is the recent value change of -1.41%. The market is taking a small breather on appreciation, but the 3-month moving average of $579,219 is trending upward toward that $583,460 predicted value. The trajectory is positive.

Condos: Expensive, But Sitting Longer

The condo picture in Broadmoor Estates is more complicated. We're among the most expensive condo markets in Sherwood Park - price rank of 3 out of 21 - but that premium comes with a catch. Only 1 condo sold this month, and it sat on the market for 111 days. Compare that to Sherwood Heights at 90 days, and you can see why we'd call this a cooling corner of the market.

• Average HonestDoor Price: $862,227 (up 2.21% from previous period)
• Average sale price: $565,000
• Average listing price: $579,900
• Price per square foot: $495
• Properties selling at 97.43% of list price
• Average days on market: 111 days
• Predicted market value: $843,585
• Estimated rent: $2,688 per month
• Rental yield: 3.88% - moderate, not a slam dunk for investors

The growth rank tells the honest story here: 29 out of 37 in Sherwood Park. That puts our condos in the below-average tier for appreciation right now. If you own a condo in Broadmoor Estates, you're sitting on a high-value asset - but the market isn't rewarding you for holding it the way it was a year ago.

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

Here's the thing most homeowners in Broadmoor Estates don't realize. Your city assessment is a snapshot from months ago - sometimes longer. It doesn't know about the 3 houses that just sold on your street. It doesn't factor in that predicted value of $583,460 for houses or the $843,585 for condos. It's basically a photo of a market that has already moved on.

The HonestDoor Price is updated in real time using actual transaction data, current listings, and live market signals. For house owners, that means the difference between an outdated assessment and a current HonestDoor Price of $570,645 could change how you price a listing, negotiate a sale, or even refinance. For condo owners, seeing that 2.21% uptick in the HonestDoor Price - even while the broader condo market cools - is the kind of nuance a static government number will never give you.

Check your HonestDoor Price now. Don't wait for the city to tell you what your home was worth six months ago.

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

If you own a house in Broadmoor Estates and you're thinking about listing this summer, the window looks decent. Prices are trending up toward that $583,460 predicted value, you're outselling Sherwood Heights on speed, and 29 transactions in 2026 so far means there's real buyer activity in this neighbourhood. Rank 14 out of all Sherwood Park neighbourhoods for total transactions - that's not a quiet street, that's a market people are paying attention to.

Price it sharp. At 98.35% of list price, buyers aren't going full ask - so padding your list price too aggressively will just add days on market. Come in clean and competitive.

If you own a condo, be honest with yourself. One hundred and eleven days on market is a long time to carry a property. The HonestDoor Price is holding up at $862,227, but the predicted value of $843,585 is dipping below the 3-month average. If selling is on your radar, sooner is probably smarter than later - and pricing below the competition in Sherwood Heights ($931,241 predicted) could be the move that actually gets you to the finish line.

Bottom line: Broadmoor Estates is a solid neighbourhood with real demand. Know your number, price with purpose, and don't let an outdated assessment be the reason you leave money on the table.

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.