Centennial, Sherwood Park - July 2026 Real Estate Report

Centennial, Sherwood Park: Your Neighbour Just Texted You This

If you own property in Centennial and you haven't checked your HonestDoor Price lately, now is the time. The numbers are moving - and not all of them are moving in the direction you'd hope. Here's the straight story on what's happening in our corner of Sherwood Park right now.

The Vibe: Houses vs. Condos

Let's split this into two conversations, because houses and condos are telling very different stories in Centennial right now.

Houses - Big Value, But Watch the Trend

The average HonestDoor Price for a house in Centennial sits at $9,757,725 - up 2.37% from the previous period. That sounds great on the surface. But dig one layer deeper and the short-term picture gets more interesting. The predicted current market value is $9,531,575, and that number is sliding below the 3-month moving average of $10,223,113. In plain terms, the peak may have already passed for now.

• Average HonestDoor Price: $9,757,725 (up 2.37%)
• Predicted Market Value: $9,531,575
• 3-Month Moving Average: $10,223,113
• Recent Value Change: -5.65%
• Estimated Monthly Rent: $17,750
• Rental Yield: 2.13%
• Airbnb Potential: $882 per month (ranked 2nd in Sherwood Park for Airbnb)
• Neighbourhood Growth Rank: 47 out of 54 in Sherwood Park

That growth rank is the number we need to talk about. Sitting at 47 out of 54 puts Centennial houses near the bottom of the Sherwood Park neighbourhood leaderboard right now. It doesn't mean your house isn't valuable - clearly it is. It means the rate of appreciation is lagging behind most of the competition. If you're a house owner here, that's worth knowing before you make any big decisions.

On the rental side, $17,750 per month in estimated rent is serious income potential. The 2.13% yield is moderate, but on an asset of this size, moderate still means real money. And that Airbnb rank of 2nd in all of Sherwood Park? Centennial is a top-tier short-term rental location. That's a genuine edge.

Condos - Taking a Breather

Condo owners, your HonestDoor Price is up 4.39% from the previous period at $290,300. That's the good news. The more recent signal is softer - the predicted value has dipped to $278,100, sitting below the 3-month moving average of $284,867. Values have shifted -7.52% recently, and the growth rank lands at 31 out of 37 comparable neighbourhoods. Again, near the bottom of the leaderboard.

• Average HonestDoor Price: $290,300 (up 4.39%)
• Predicted Market Value: $278,100
• 3-Month Moving Average: $284,867
• Recent Value Change: -7.52%
• Estimated Monthly Rent: $1,500
• Rental Yield: 4.22%
• Airbnb Potential: $75 per month
• Neighbourhood Growth Rank: 31 out of 37 in Sherwood Park

The silver lining for condo owners is the rental yield. At 4.22%, it's the stronger income story compared to houses. If you're holding a condo here as an investment, the rent-to-value ratio is working in your favour even while prices take a short-term breather. Nearby Palisades condos are pricing slightly higher at $296,307, so there's a small gap to close - but it's not a dramatic one.

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, sometimes longer. It doesn't know what happened to Centennial prices last quarter. It doesn't know the 3-month moving average just shifted. It's a static number in a market that is clearly moving.

The HonestDoor Price is updated in real time. It pulls from actual market activity and gives you a live read on what your property is worth today - not what a government office calculated last year. For Centennial homeowners right now, that difference matters. If your tax assessment is based on a higher historical value and the market has pulled back recently, you could be overpaying on your assessment. Or if you're thinking about selling, you need today's number - not last year's.

Check your HonestDoor Price now. It takes two minutes and it's the most honest number you'll find.

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

If you're a house owner in Centennial and you're considering listing this summer, the timing conversation is real. Values have dipped 5.65% recently and the growth rank puts us near the back of the pack in Sherwood Park right now. That doesn't mean don't sell - it means go in with clear eyes. Price it sharp, lean into that top-2 Airbnb ranking as a selling feature for investors, and don't anchor your expectations to the peak moving average of $10.2M.

For condo owners, the story is similar. The market is taking a breather. If you have flexibility on timing, watching the next 60 to 90 days of movement makes sense. If you need to sell now, the 4.22% rental yield is a strong pitch to investor buyers - lead with that.

Either way, the smartest first move is the same - pull your HonestDoor Price, compare it to what you paid and what your assessment says, and make decisions based on real numbers. That's what the savvy sellers in Centennial are doing right now.

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.