Cedar Brae, Stony Plain - October 2026 Real Estate Report
Cedar Brae Condos: Holding Steady, But Here Is What You Need to Know
The Vibe Right Now
If you have been watching the "For Sale" signs in Cedar Brae, here is what is actually happening. The condo market is not crashing and it is not on fire - it is taking a breather. We saw 1 condo transaction in 2026 so far, with an average sale price sitting at $295,000. Listings are coming in at $299,900 on average, and buyers are landing deals at about 98.37% of list price. That means if you list at $300,000, expect to close somewhere around $295,000. Not a disaster - just reality.
Properties are sitting on the market for an average of 55 days. That is not lightning fast. We are in a stable buyers market right now, which means buyers have options and they know it. Price per square foot is around $256, which gives us a solid baseline when comparing to what is happening in nearby neighbourhoods.
- Average sale price: $295,000
- Average list price: $299,900
- Sale-to-list ratio: 98.37% - buyers are paying slightly under ask
- Average days on market: 55 days
- Price per square foot: $256
- Estimated rent: $1,604 per month
- Rental yield: 4.20%
The Neighbourhood Leaderboard
Here is a stat worth paying attention to. Cedar Brae ranks 7 out of 32 comparable neighbourhoods in Stony Plain for growth. That puts us in the above-average tier - not the top of the pack, but solidly ahead of most. For price, we rank 5 out of 18, meaning Cedar Brae condos are priced above average for the area. Days-on-market ranks 10 out of 15, which confirms what the 55-day average is telling us - our condos are not the fastest sellers in town right now.
Compare that to our neighbours. Cedar Brae II condos are averaging a predicted value of $259,755. Westerra Manor sits at $177,324. Cove Properties comes in at $199,489. Cedar Brae is the pricier option in this pocket of Stony Plain - and the numbers back that up.
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know what sold on your street last Tuesday. The HonestDoor Price for Cedar Brae condos is currently $294,528, down a modest 1.53% from the previous period. The predicted market value is sitting at $299,102, which is actually ticking up slightly from the 3-month moving average of $298,967.
That gap between your government assessment and the HonestDoor Price is where real money gets left on the table - or overpaid in taxes. The HonestDoor Price is updated in real time using actual transaction data. It is the real-world check that your annual tax notice simply cannot give you. If your assessment is lagging behind current values, you could be overpaying. If it is inflated above what the market is actually doing, that matters too - especially if you are thinking about selling.
- HonestDoor Price: $294,528 (down 1.53% from last period)
- Predicted market value: $299,102
- 3-month moving average: $298,967 - values are nudging upward
- Recent value change: -0.17% - essentially flat
The So What - Thinking About Selling This Summer?
If you are a Cedar Brae condo owner eyeing a summer sale, here is the straight talk. You are not in a hot sellers market right now. Buyers are negotiating, and 55 days on market means you need to price sharp from day one. Coming in too high and chasing the market down is the move that costs sellers the most money - and the most time.
The sweet spot looks like listing close to that $299,900 range and being ready to close around $295,000. Your rental income potential of $1,604 per month with a 4.20% yield also means that if selling does not feel urgent, holding and renting is a legitimate option with moderate but real returns.
The Airbnb angle is there too - Cedar Brae ranks 14th in Stony Plain for short-term rental potential at around $79 to $80 per night - but that is a secondary play, not the main event for most owners here.
Bottom line - check your HonestDoor Price before you do anything else. It is the most current number you have, and in a market like this one, going in with accurate data is the only real advantage a seller has.
cedar brae | stony plain | october 2026This 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.