Centennial, Sherwood Park - August 2026 Real Estate Report

Centennial, Sherwood Park: Your Neighbour Just Got a Serious Equity Wake-Up Call

If you own property in Centennial and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The numbers coming out of this neighbourhood right now are hard to ignore - and they tell a very different story than whatever the city has on file for your assessment.

The Vibe: What's Actually Happening With Houses and Condos

Let's break it down, because houses and condos are doing two very different things here right now.

Houses in Centennial are the headline act. The average HonestDoor Price sits at $11,330,175 - up 16.11% from the previous period. That is not a typo. The predicted market value for houses is $9,757,725, and while that's slightly off the 3-month moving average of $9,797,213, the broader trend is clear: we are sitting on serious value. Our house growth rate ranks 12 out of 54 comparable neighbourhoods in Sherwood Park. That puts us firmly in above-average territory on the local leaderboard. Estimated rent for a house here runs around $17,870 per month, with a rental yield of 2.15%. If you're an investor, that's a moderate return on a high-value asset.

• Average HonestDoor Price (Houses): $11,330,175
• HonestDoor Price change: up 16.11%
• Predicted market value: $9,757,725
• 3-month moving average: $9,797,213
• Estimated monthly rent: $17,870
• Rental yield: 2.15%
• Airbnb estimate: $939 per night - ranked 2nd in Sherwood Park
• Growth rank: 12 out of 54 neighbourhoods

Condos in Centennial are a different play, but honestly a strong one. The average HonestDoor Price is $301,700, up 3.93%. The predicted market value is $290,300, and it's actually climbing - the 3-month moving average is $289,700, so the trend is pointing in the right direction. The rental yield on condos here is 4.24%, which is a genuinely solid return. And on the growth leaderboard? Condos in Centennial rank 6 out of 37 comparable neighbourhoods. That puts us in the top performers category in Sherwood Park. Not bad at all.

• Average HonestDoor Price (Condos): $301,700
• HonestDoor Price change: up 3.93%
• Predicted market value: $290,300
• 3-month moving average: $289,700 (and rising)
• Estimated monthly rent: $1,570
• Rental yield: 4.24%
• Airbnb estimate: $80 per night
• Growth rank: 6 out of 37 neighbourhoods

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, built on a formula that doesn't care what your specific street did last quarter. It's a rearview mirror. The HonestDoor Price is updated in real time, pulling in actual market signals to give you a current, real-world number.

When house values are moving up 16.11% and condo values are ticking higher month over month, the gap between your government assessment and your actual market value can be significant. That gap is your equity - and right now, Centennial homeowners may be sitting on more of it than they realize. Checking your HonestDoor Price takes about 30 seconds and gives you the number that actually matters if you're thinking about selling, refinancing, or just want to know where you stand.

Compare us to nearby neighbourhoods and the picture gets even clearer. Centennial Wetlands has an average HonestDoor Price of $4,104,100. Millennium Business Park sits at $3,718,025. Even Yellowhead East Sherwood Business Park, the closest competitor, comes in at $10,255,850 - still below Centennial's average. We're not just holding our own. We're leading the pack in this corner of Sherwood Park.

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

If selling has crossed your mind, this summer is worth a serious look. Here's the honest take:

For house owners, a 16.11% jump in HonestDoor Price is the kind of move that creates real options. Buyers are still active, and a house ranked in the top quarter of Sherwood Park for growth is a compelling listing. The Airbnb rank of 2nd in all of Sherwood Park - at $939 per night - also signals that buyers see income potential here, which can drive competitive offers.

For condo owners, the story is about steady momentum. Values are rising, the rental yield is strong at 4.24%, and a top-6 growth ranking out of 37 neighbourhoods gives buyers confidence. Nearby Palisades condos are priced just slightly higher at $302,330, which means Centennial condos are competitively positioned right now - not undervalued, but not overpriced either.

The bottom line: don't wait for your next tax assessment to tell you what your home is worth. That number is already old. Pull your HonestDoor Price today, see where you actually stand, and make a decision based on real data - not a government estimate that's playing catch-up.

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.