Durham Town Square, Sherwood Park - August 2026 Real Estate Report

Durham Town Square, Sherwood Park: Your Neighbours Are Watching the Numbers. You Should Too.

If you own a home in Durham Town Square and you haven't checked your property value lately, here's the honest truth - your city assessment is already out of date. The market has moved. Here's what's actually happening on our streets right now.

The Vibe: What's Going On With Houses and Condos

Durham Town Square is holding its own in Sherwood Park. We're sitting above average on price rankings for both houses and condos, and the HonestDoor data backs that up. But the two property types are telling slightly different stories right now, so let's break it down.

Houses - Strong Prices, But Buyers Are Taking Their Time

If you've been watching the "For Sale" signs in Durham Town Square, here's what's actually happening with houses. The average sale price hit $615,000 this month - that's up 16.7% from last month. That's a big jump. But before you pop the champagne, notice that homes are sitting on the market for an average of 37 days, compared to just 22 days in nearby Strathcona Centre. The market isn't stalled, but it's taking a breather compared to our neighbours.

• Average HonestDoor Price: $641,816 - up 1.13% from last period
• Average sale price this month: $615,000
• Average list price: $649,900
• Price per square foot: $435
• Sold-to-list ratio: 94.63% - buyers are negotiating below ask
• Average days on market: 37
• Predicted market value: $634,647 - up from the 3-month average of $627,004
• Rental estimate: $2,829 per month
• Rental yield: 5.47% - that's a solid return
• Growth rank: 18 out of 54 neighbourhoods in Sherwood Park - above average
• Price rank: 13 out of 32 - above average in Sherwood Park

One thing worth noting - buyers are paying about 5.4% below list price on average. If you're pricing your house, that gap matters. List smart, not just high.

Condos - The Busiest Corner of Durham Town Square Right Now

Condos are where the action is. We had 4 sales this month, up 33.3% from last month, and the average sale price jumped 19.9% to $413,662. That kind of month-over-month move gets attention. Our condos are also outperforming nearby Strathcona Centre, where the average sold price sits at $373,225. Durham Town Square condos are commanding a real premium.

• Average HonestDoor Price: $461,028 - up 0.32% from last period
• Average sale price this month: $413,662
• Average list price: $418,650
• Price per square foot: $315
• Sold-to-list ratio: 98.89% - condos are selling very close to ask
• Properties sold this month: 4 - up 33.3%
• Average days on market: 89 - slower, but buyers are still committing
• Predicted market value: $459,539 - up from the 3-month average of $450,945
• Rental estimate: $2,254 per month
• Rental yield: 3.96%
• Growth rank: 10 out of 37 neighbourhoods in Sherwood Park - above average
• Price rank: 7 out of 21 - well above average in Sherwood Park
• Total transaction rank: 2nd in Sherwood Park - we are one of the busiest condo markets around

That transaction rank of 2nd in all of Sherwood Park is not a small thing. It means buyers are actively choosing Durham Town Square condos over almost everywhere else in the city. That's real demand.

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 the past. It doesn't know that Durham Town Square house prices jumped 16.7% last month. It doesn't know that condo predicted values are climbing past the 3-month average. It's working with old data, and in a market that's moving, old data costs you money.

The HonestDoor Price is updated in real time using actual transaction data from your neighbourhood. For houses, that's $641,816. For condos, it's $461,028. These numbers reflect what buyers are actually paying right now - not what an assessor estimated months ago. If you're making any decision about your property - selling, refinancing, or just figuring out where you stand - the HonestDoor Price is the real-world check you need before you do anything else.

Think of it this way: your assessment is the government's best guess from last year. The HonestDoor Price is what your neighbour's place actually sold for last week.

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

If you're a house owner in Durham Town Square and you're thinking about listing this summer, here's the straight talk. Prices are up, but buyers have options and they know it - that 94.63% sold-to-list ratio tells you they're negotiating. Price your home at the right number from day one. Overpricing in a market where homes are already averaging 37 days on the market will cost you time and leverage.

If you own a condo, your timing looks better right now. Buyers are paying 98.89% of list price - that's as close to full ask as it gets. Sales volume is up 33.3%. Durham Town Square condos rank 2nd in Sherwood Park for total transactions. If you've been sitting on the fence, this summer is worth a serious conversation.

For both property types, the move right now is simple - check your HonestDoor Price before you call an agent, before you set a list price, and before you assume your tax assessment tells the whole story. It doesn't. The market has moved. Your numbers should reflect that.

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.