Emerald Hills, Sherwood Park - August 2026 Real Estate Report

Emerald Hills, Sherwood Park: What Your Neighbour Hasn't Told You Yet

If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the straight story. Emerald Hills is in a transitional moment right now - not crashing, not booming, but definitely shifting. And depending on whether you own a house or a condo, that shift looks pretty different.

The Vibe: Houses vs. Condos

Houses - Taking a Breather

We saw 2 house sales this month in Emerald Hills, with an average sale price of $437,450. That's down 9.3% from last month, and homes are sitting on the market for an average of 44 days. For context, our neighbours in Aspen Trails are moving houses in 30 days. That gap matters.

• Average sale price: $437,450
• Average list price this month: $439,950
• Price per square foot: $359
• Sale-to-list ratio: 99.42% - buyers are paying just under asking
• Average days on market: 44
• Rental yield: 5.50% - that's a strong number for landlords
• Estimated monthly rent: $2,838
• Neighbourhood growth rank: 37 out of 54 in Sherwood Park

Buyers are getting deals right now. The predicted market value for houses sits at $572,753, but that number is trending down from a 3-month moving average of $590,935. The market is telling us something - supply is outpacing urgency. If you're a seller, that's worth paying attention to.

Condos - A Rougher Month

The condo side of Emerald Hills had a tough month. Only 1 condo sold, down 50% from last month, at an average price of $320,000 - a 38.2% drop from the previous month. Now, one sale doesn't make a trend, but paired with a predicted value decline of 14.21%, we'd be doing you a disservice not to flag it.

• Average sale price: $320,000
• Average list price this month: $324,900
• Price per square foot: $257
• Sale-to-list ratio: 98.49% - buyers are negotiating
• Average days on market: 41
• Rental yield: 3.96% - moderate, but still positive
• Estimated monthly rent: $2,330
• Neighbourhood growth rank: 34 out of 37 in Sherwood Park

The condo growth rank of 34 out of 37 puts us near the bottom of the Sherwood Park leaderboard for that property type. The one bright spot - our condos are still selling faster than Summerwood (41 days vs. 58 days), so demand hasn't disappeared. It's just quieter.

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 on your street last week. The HonestDoor Price does.

Right now, the average HonestDoor Price for houses in Emerald Hills is $578,259, up 0.96% from the previous period. For condos, it's $611,062, up 1.98%. These numbers are recalculated in real time using actual transaction data. Your tax assessment is not doing that.

Why does this matter for your wallet? Because if you're making any decision - refinancing, listing, buying out a partner, settling an estate - and you're using a stale government number, you could be leaving money on the table or overpaying. The HonestDoor Price is your real-world check against a system that updates once a year whether the market moves or not.

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

Honest answer - this summer is a "price it right or sit" market in Emerald Hills.

Houses are selling at 99.42% of list price, which sounds great until you realize buyers are taking 44 days to pull the trigger. That's not panic, but it's not a frenzy either. If you price aggressively, you'll move. If you price with hope, you'll be doing open houses into September.

For condo owners, the conversation is harder. With values down 14.21% recently and the growth rank sitting near the bottom of the Sherwood Park leaderboard, the summer window is real - but thin. Waiting for the market to "come back" before listing is a gamble right now.

• Houses: Price sharp, move fast. The 44-day average is your competition clock.
• Condos: Get a current HonestDoor Price before you decide anything. The gap between assessed value and market reality could surprise you.
• Landlords: A 5.50% rental yield on houses is genuinely strong. Holding makes sense if selling feels rushed.
• Buyers: You have negotiating room right now. Use it.

Bottom line - Emerald Hills isn't broken, it's just recalibrating. The neighbours who win this summer are the ones who go in with current numbers, not last year's assessment. Check your HonestDoor Price first. Everything else follows from there.

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.