Brookwood, Spruce Grove - September 2026 Real Estate Report

Brookwood, Spruce Grove: Prices Are Sliding - Here Is What Your Home Is Actually Worth Right Now

The Vibe in Brookwood

If you have been watching the "For Sale" signs in Brookwood lately, here is what is actually happening. The market is taking a breather. Both houses and condos are seeing values tick down, and the city's tax assessment is not going to tell you that. This is exactly why checking your HonestDoor Price right now matters more than waiting for a letter in the mail.

Houses - The Straight Story

We are sitting at an average HonestDoor Price of $394,252 for houses in Brookwood - down 1.22% from the previous period. The predicted market value for houses is $399,127, which is already sliding below the 3-month moving average of $405,413. That gap is not huge, but it is moving in one direction.

• Average HonestDoor Price: $394,252 (down 1.22%)
• Predicted market value: $399,127
• 3-month moving average: $405,413
• Average sale price this period: $212,500 (down 3.4% from last month)
• Average list price: $219,900
• Price per square foot: $180
• Homes selling at 96.63% of list price - buyers are negotiating below ask
• Average days on market: 15 days
• Estimated monthly rent: $2,083 with a rental yield of 5.83%
• Neighbourhood growth rank: 13 out of 19 in Spruce Grove
• Price rank: 18 out of 18 - Brookwood houses are among the most affordable in the city

That 96.63% sale-to-list ratio is the number to watch. It means buyers in our neighbourhood are consistently paying less than asking. If you are pricing your home based on what your neighbour listed for - not what they actually sold for - you are starting from the wrong number. One house sold this period and it moved in 15 days, so demand is not dead, but sellers need to be realistic on price.

Compared to nearby neighbourhoods, Woodhaven houses are selling around $225,000 and Hilldowns around $177,000. Brookwood sits in between at $212,500, which tells us we are not the cheapest option but we are far from the priciest either.

Condos - A Different Picture

Condos in Brookwood tell a slightly different story. The HonestDoor Price has dropped 4.27% to $208,498, but here is the interesting part - the predicted market value of $217,788 is actually creeping up against the 3-month moving average of $213,470. That is a small but real sign of stabilization at the lower end of the market.

• Average HonestDoor Price: $208,498 (down 4.27%)
• Predicted market value: $217,788
• 3-month moving average: $213,470
• Average sale price: $259,000
• Average list price: $215,000
• Price per square foot: $232
• Condos selling at 99.30% of list price - very close to asking
• Average days on market: 13 days
• Estimated monthly rent: $1,191 with a rental yield of 4.31%
• Neighbourhood growth rank: 16 out of 17 in Spruce Grove
• Price rank: 7 out of 12 - below average in price across the city
• 8 condo transactions recorded in 2026

Condos are moving at 99.30% of list price, which is nearly full ask. That is a healthier negotiating position for sellers compared to the house segment. The catch is that condos here are taking 13 days to sell versus 7 days in nearby Woodhaven - so we are not the fastest market on the block. Still, one sale at $259,000 against a list of $215,000 suggests some buyers are willing to go above ask when the right unit comes up.

The Secret Sauce - Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Here is the thing about your city assessment. It is a snapshot from months ago, sometimes longer. It does not know that Brookwood house values have dropped 2.41% recently. It does not know the 3-month moving average is sliding. It is essentially a photo of a market that no longer exists.

Your HonestDoor Price is updated in real time using actual transaction data. For houses, that means the difference between thinking your home is worth $405,000 based on an old average versus knowing the real-world number is closer to $394,252 - and trending down. For condo owners, the gap between the city's static number and the HonestDoor Price of $208,498 could be the difference between pricing right and sitting on the market too long.

If you are a Brookwood homeowner, pull your HonestDoor Price today. Not next month. Today. The market is moving and the assessment on your last tax notice is not keeping up.

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

Selling in Brookwood this summer is absolutely doable - but you need to go in with clear eyes. Here is the honest breakdown.

For house sellers, the market is cooling. Buyers are paying about 3.4 cents less on the dollar than they were last month. Homes are still moving in 15 days, which is not bad, but the direction of prices is down. If you wait hoping for a rebound, the data right now does not support that bet. Pricing sharp from day one is your best move. A home sitting at $219,900 that sells for $212,500 is better than a home that chases the market down over 60 days.

For condo sellers, the picture is a bit steadier. You are more likely to get close to your asking price - the 99.30% sale-to-list ratio backs that up. The rental yield of 4.31% also means investors are looking at Brookwood condos as a legitimate income play, which keeps a floor under demand.

Either way, here is the bottom line for anyone thinking about listing this summer. Brookwood ranks 18 out of 18 on price for houses in Spruce Grove - that is your competitive edge. You are the affordable option. Lean into it. Price it right, market it well, and you have a real shot at a clean sale before the summer winds down.

• House sellers - price below the 3-month average to move fast
• Condo sellers - you have more pricing power right now, use it
• Both - check your HonestDoor Price before you call your agent, not after
• Rental investors - a 5.83% yield on houses is genuinely strong and worth a closer 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.