Cedar Brae, Stony Plain - August 2026 Real Estate Report

Cedar Brae Condos: Holding Steady While the Rest of Stony Plain Watches

The Vibe Right Now

If you own a condo in Cedar Brae, here is the honest picture. The market is not on fire, but it is not falling apart either. We are sitting in stable territory - the kind of market where patient sellers still get paid and buyers have a little room to breathe.

The average sale price for condos here landed at $295,000, with listings sitting at $299,900. Buyers are paying about 98.37% of list price, which means they are negotiating a small discount - roughly $4,900 off asking. That is not a crisis. That is just a normal, grounded market doing its thing.

The one thing worth watching? Properties are sitting for an average of 55 days before selling. Compare that to Cedar Brae II next door, where homes are moving in 28 days. Our neighbourhood is taking a bit of a breather on the speed front. Price it right and it sells. Price it with wishful thinking and it sits.

• Average sale price: $295,000
• Average list price: $299,900
• Sale-to-list ratio: 98.37% - buyers are paying just under asking
• Average days on market: 55 days
• Price per square foot: $256
• Rental estimate: $1,606 per month
• Rental yield: 4.20%
• Airbnb potential: $80 per night - ranked 13th in Stony Plain

The Neighbourhood Leaderboard

Here is where Cedar Brae actually punches above its weight. Out of 18 neighbourhoods tracked for price in Stony Plain, we rank 4th. That means most of Stony Plain is cheaper than us - and that matters when someone is shopping the area and comparing options.

On growth rate, we sit 13th out of 33 neighbourhoods. That puts us in above-average territory. Not leading the pack, but solidly in the upper half. Days-on-market is the one rank that stings a little - 11th out of 15 - which confirms that slower selling pace we mentioned. But strong pricing rank plus above-average growth rank is a decent combo to have in your back pocket.

Look at the neighbours for context. Cove Properties is averaging $199,710. Cedar Brae II is at $258,958. Westerra Manor sits at $181,905. Cedar Brae condos at $299,622 are the most expensive of the bunch - by a noticeable margin.

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

Here is the thing most homeowners do not realize. Your city assessment is a snapshot taken months ago, sometimes using data that is over a year old. It is not built to reflect what is happening on the ground right now. It is built for tax purposes - full stop.

The HonestDoor Price for Cedar Brae condos is currently $299,622, up 0.49% from the previous period. The predicted market value is sitting at $298,176 - and that number is trending up from the 3-month moving average of $293,812. That upward movement is real-time signal. Your assessment cannot tell you that.

If you are making any decision - selling, refinancing, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the real-world check you need. It is updated continuously, not once a year by a government office working through a backlog.

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

Selling a condo in Cedar Brae this summer is absolutely doable - but go in with clear eyes. This is a buyers' market right now, which means they have options and they know it. The 55-day average days-on-market tells you that overpriced listings get ignored.

The good news is your pricing position in Stony Plain is strong. Ranking 4th out of 18 neighbourhoods on price means buyers looking at this area will see Cedar Brae as a premium option. That is a real advantage - use it.

Here is the practical advice. List close to your HonestDoor Price of $299,622. Do not stretch to $320,000 hoping someone bites. The data says buyers are paying 98.37% of list - so if you list smart, you walk away close to full value. If you list greedy, you sit for two months and end up negotiating harder anyway.

Bottom line - Cedar Brae is a solid place to own. Values are holding, rental income potential is real at $1,606 a month, and you are sitting above most of your neighbours on price. Check your HonestDoor Price, price it honestly, and you have a good shot at a clean sale before the summer winds down.

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.