Brookwood, Spruce Grove - August 2026 Real Estate Report

Brookwood, Spruce Grove: Your Neighbour Just Asked If Now Is a Good Time to Sell. Here's the Honest Answer.

The Vibe Right Now

If you've been watching the "For Sale" signs in Brookwood, here's what's actually happening. The market is split depending on what you own - and that split matters a lot for your next move.

Houses: Fast Off the Shelf, But Priced to Move

Houses in Brookwood are selling fast. We're talking an average of 8 days on market - that's the fastest in all of Spruce Grove, ranking 1 out of 18 neighbourhoods. When a house hits the MLS here, it doesn't sit around.

The catch? Buyers know they're getting a deal. Brookwood houses rank 18 out of 18 for price in Spruce Grove - meaning we're the most affordable game in town. The average sale price is sitting at $220,000, and sellers are actually getting 101.18% of their list price. Buyers are paying above asking. That's a real sellers' market signal, even at the entry-level price point.

• Average sale price: $220,000
• Price per square foot: $206
• Average days on market: 8
• Sale-to-list ratio: 101.18% - buyers are competing
• HonestDoor predicted value: $408,982
• 3-month moving average: $404,384 - trending up
• Estimated monthly rent: $2,127
• Rental yield: 5.81%
• Growth rank: 14 out of 19 neighbourhoods - below average, taking a breather

One thing worth flagging: the HonestDoor predicted value for houses is $408,982 - nearly double the recent average sale price of $220,000. That gap tells a story. It likely reflects a very small sample of sales this period (just 1 transaction), so the sale average is being pulled by a single data point. The HonestDoor Price gives you the fuller picture across all property activity, not just one sale.

Condos: The Quiet Overachiever

Condos in Brookwood are doing something interesting. Values have moved 7.56% recently, which puts us at rank 3 out of 17 comparable neighbourhoods in Spruce Grove. That's a top-performer spot, and most people in the neighbourhood haven't noticed yet.

The condo market here is a buyers' market by a slim margin - properties are selling at 99.30% of list price, so there's a little room to negotiate. But with a predicted market value of $219,008 climbing past the 3-month average of $207,009, the direction is clearly upward.

• Average sale price: $259,000
• Average list price this month: $215,000
• Price per square foot: $232
• Average days on market: 13
• Sale-to-list ratio: 99.30% - slight buyers' edge
• HonestDoor predicted value: $219,008
• 3-month moving average: $207,009 - trending up
• Estimated monthly rent: $1,198
• Rental yield: 4.31%
• Growth rank: 3 out of 17 neighbourhoods - top of the leaderboard

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on broad formulas, not your actual street. By the time it lands in your mailbox, the market has already moved.

The HonestDoor Price updates in real time. For houses in Brookwood, it's currently sitting at $408,982 and ticking upward from a 3-month base of $404,384. For condos, it's $219,008 - up from $207,009 just three months ago. Those aren't small moves.

If you're a condo owner and your tax assessment hasn't caught up to that 7.56% recent value change, you could be making decisions - about selling, refinancing, or even just your home insurance - based on a number that's already out of date. The HonestDoor Price is the real-world check. Use it.

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

For house sellers: you've got speed on your side. Buyers are moving fast and paying above list. The neighbourhood leaderboard shows Brookwood as the most affordable in Spruce Grove, which means you attract motivated buyers who've been priced out elsewhere. Price it right and you could be done in a week.

For condo sellers: the growth momentum is real. A rank of 3 out of 17 in Spruce Grove means your condo is in a segment that's outperforming most of the city right now. Summer is typically when buyer activity picks up - listing into that momentum, rather than waiting for the fall, makes sense.

For everyone: check your HonestDoor Price before you do anything else. Nearby neighbourhoods like Woodhaven ($468,280 for houses) and Hilldowns ($428,420) are priced higher, which means Brookwood buyers often come in with equity from those areas. That's a buyer pool worth knowing about before you set your list price.

Bottom line - Brookwood is affordable, fast-moving for houses, and quietly climbing for condos. If you've been on the fence, this summer is worth a serious look.

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.