Broadmoor Estates, Sherwood Park - July 2026 Real Estate Report

Broadmoor Estates, Sherwood Park: Your Neighbour Just Asked "Should I Sell This Summer?" - Here's the Real Answer

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening. Broadmoor Estates is a split story right now - houses and condos are telling two very different tales, and which one applies to you matters a lot before you make any moves.

Houses: Prices Are Up, But Buyers Are Taking Their Time

The average sale price for houses hit $460,625 this month - that's a 43.8% jump from last month, which is a number worth paying attention to. Listings are sitting at $465,575 on average, and homes are selling at 98.99% of list price. So buyers are getting a slight discount, but not a big one. The market is active, just not frantic.

The catch? Homes are sitting for an average of 34 days before selling. That's a bit longer than nearby Woodbridge Farms at 31 days. Not a crisis, but the market is taking a breather. If you're pricing your house, that extra few days on market means you need to come in sharp from day one.

• Average sale price: $460,625 (up 43.8% from last month)
• Average list price: $465,575
• Price per square foot: $318
• Sold-to-list ratio: 98.99%
• Average days on market: 34
• Properties sold this month: 12
• Estimated rent: $2,750/month
• Rental yield: 5.48%
• Neighbourhood growth rank: 13 out of 54 in Sherwood Park - above average

Condos: Expensive, Slow, and Worth Watching Closely

The condo picture is a different story. Only one condo sold this month, and it sat on the market for 111 days before it did. That is the slowest days-on-market rank in Sherwood Park - dead last at 17 out of 17. That tells you buyers are not rushing in for condos here right now.

That said, the price point is striking. The average condo sale came in at $565,000, and the HonestDoor predicted value sits at $843,682. Condos here rank 2nd out of 21 in Sherwood Park for price - so these are premium units. The rental yield of 3.89% is moderate, not spectacular. If you own a condo here and are thinking about selling, patience and smart pricing are your best tools.

• Average sale price: $565,000
• Average list price: $579,900
• Price per square foot: $495
• Sold-to-list ratio: 97.43%
• Average days on market: 111
• Estimated rent: $2,660/month
• Rental yield: 3.89%
• Price rank: 2 out of 21 in Sherwood Park - among the most expensive
• Days-on-market rank: 17 out of 17 - slowest 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, sometimes longer. It does not know what happened on your street last week. The HonestDoor Price is updated in real time, pulling in actual transaction data as it happens. That's the difference between a photo and a live feed.

For houses in Broadmoor Estates, the HonestDoor Price is $583,460. The predicted market value for houses is $591,834 - already above the 3-month moving average of $580,547 and trending up. Your tax assessment is almost certainly not reflecting that movement yet. If you're making any financial decision - selling, refinancing, or just figuring out where you stand - the HonestDoor Price is your real-world check, not the number on that government letter.

For condo owners, the HonestDoor Price sits at $843,585. That number has barely moved (down just 0.01%), which signals stability at the top end of the market even while sales volume is thin. Knowing your real value right now - not last year's assessed value - is the difference between leaving money on the table and walking away with what your property is actually worth.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers, the window is open. Prices are up, 12 homes moved this month, and the growth rank of 13 out of 54 puts Broadmoor Estates solidly in the top quarter of Sherwood Park neighbourhoods. You are not in a hot frenzy market, but you are in a healthy one. Price it right from day one - buyers are paying close to list, not over it - and you should move within a reasonable timeframe.

For condo sellers, be honest with yourself. One sale in a month and 111 days on market is a signal that buyers have options and are not in a hurry. That does not mean you can't sell - it means your pricing and presentation need to do more of the heavy lifting. The good news is that Broadmoor Estates condos are among the most expensive in Sherwood Park, so the right buyer is out there. They just need a reason to choose yours over the competition.

Bottom line - whether you own a house or a condo here, check your HonestDoor Price before you do anything else. It's the most current number you have, and in a market that's moving, current is everything.

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.