Centennial, Sherwood Park - October 2026 Real Estate Report
Centennial, Sherwood Park: The Market Is Sending a Signal - Are You Reading It?
If you own property in Centennial and you have not checked your HonestDoor Price lately, now is the time. Values are moving - and not in the direction most owners are hoping for. Here is the straight story on what is happening in our corner of Sherwood Park right now.
The Vibe: Houses vs. Condos
Houses
We are looking at an average HonestDoor Price of $10,011,625 for houses in Centennial. That number has slipped 3.47% from the previous period, and the broader trend backs that up - the predicted market value sits at $10,371,000, which is already tracking below the 3-month moving average of $10,486,300. In plain terms, the line on the chart is pointing down.
- Average HonestDoor Price: $10,011,625
- Recent value change: -8.47%
- Predicted market value: $10,371,000
- 3-month moving average: $10,486,300
- Average rental estimate: $18,050 per month
- Rental yield: 2.17%
- Airbnb potential: approximately $897 per night
- Airbnb rank in Sherwood Park: 3rd - that is genuinely strong
- Neighbourhood growth rank: 50 out of 51 in Sherwood Park
That growth rank is the number us homeowners need to sit with. Sitting at 50 out of 51 comparable neighbourhoods puts Centennial houses near the bottom of the Sherwood Park leaderboard right now. The short-term rental story is a bright spot - ranking 3rd in Sherwood Park for Airbnb potential is real money if you have the right setup. But on pure appreciation, the market is taking a breather here.
For context, nearby Yellowhead East Sherwood Business Park is priced slightly higher at $10,354,500, while Centennial Wetlands and Millennium Business Park come in well below us at $4,242,800 and $4,129,136 respectively. We are sitting at the top of the local price range - which also means we have the furthest to fall if buyers get cautious.
Condos
The condo picture is a different scale but tells a similar story. The average HonestDoor Price is $281,400, down 0.85% from the previous period. The predicted value of $283,800 is already below the 3-month moving average of $291,933. That gap matters - it means momentum is working against us, not for us.
- Average HonestDoor Price: $281,400
- Recent value change: -5.93%
- Predicted market value: $283,800
- 3-month moving average: $291,933
- Average rental estimate: $1,520 per month
- Rental yield: 4.22%
- Airbnb potential: approximately $75 per night
- Airbnb rank in Sherwood Park: 32nd
- Neighbourhood growth rank: 31 out of 37 in Sherwood Park
Condo owners, here is a number worth noting - nearby Palisades condos are sitting at $293,076 to $295,896, which puts them slightly ahead of us on the leaderboard. The rental yield of 4.22% is the one genuinely decent number in this picture. If you are holding a condo as an investment, the rent-to-value math is more reasonable than on the house side. But appreciation is not doing the heavy lifting right now.
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, built on sales data that is even older than that. It does not know that Centennial house values have shifted by -8.47% recently. It does not know the 3-month moving average is sliding. It is essentially a photograph of a market that no longer exists.
The HonestDoor Price is updated in real time using current sales, current trends, and current comparable data. For Centennial homeowners right now, that difference is not small. If your assessment says one thing and the HonestDoor Price says another, the HonestDoor Price is the number that reflects what a buyer would actually put on paper today. That is the number that should be driving your decisions - whether you are thinking about selling, refinancing, or just keeping score.
Check your HonestDoor Price now. Do not wait for next year's assessment to tell you what the market already knows.
The So What - Thinking About Selling This Summer?
If you are a house owner in Centennial and a summer sale is on your mind, the data is giving you a clear message - do not wait and hope the numbers improve. With a growth rank of 50 out of 51 and values trending below the 3-month average, the window for top dollar is not getting wider. Listing sooner rather than later puts you ahead of any further softening.
The one card in your hand is that Airbnb rank of 3rd in Sherwood Park. If your property has short-term rental appeal, lean into that story when you list. Buyers who see income potential will pay more than buyers who just see a house.
For condo owners, the calculus is similar. You are ranked 31 out of 37 on growth, and nearby Palisades is edging you out on price. A well-priced, well-presented listing this summer can still move - but pricing it based on an old assessment instead of your current HonestDoor Price is a fast way to sit on the market longer than you want to.
Bottom line - Centennial is not in freefall, but it is not a hold-and-wait market right now either. Know your real number, price it sharp, and move with the market instead of against it.
centennial | sherwood park | 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.