Emerald Hills, Sherwood Park - July 2026 Real Estate Report

Emerald Hills Real Estate Check-In: The Market Is Sending Mixed Signals Right Now

If you own a home in Emerald Hills and you haven't looked at your property value lately, now is the time to pay attention. Prices are shifting, condos are sitting longer, and the gap between what the city thinks your place is worth and what buyers are actually doing is getting wider. Here is what is really going on in our neighbourhood.

The Vibe: Houses vs. Condos

Houses - Taking a Breather, But Still Moving

We are seeing houses sell, but the numbers are softening. The average sale price this month came in at $482,475 - down 11.2% from last month. That is a notable dip. Listings are sitting at an average ask of $528,150, so there is still a gap between what sellers want and what buyers are paying.

• Average sale price: $482,475 (down 11.2% month over month)
• Average list price: $528,150
• Price per square foot: $303
• Sale-to-list ratio: 101.84% - buyers are still paying above asking on completed deals
• Average days on market: 16 days
• Properties sold this month: 8
• Estimated rent: $2,905 per month
• Rental yield: 5.47%

Here is the nuance - homes that do sell are going for just over list price, which tells us well-priced homes still get attention. But we are sitting at 16 days on market compared to 12 days in nearby Aspen Trails. That gap matters. It means buyers in our neighbourhood have a little more breathing room to think before they commit. The sellers' market is cooling, not crashing.

On the neighbourhood leaderboard, our house growth rate ranks 41 out of 54 neighbourhoods in Sherwood Park. That puts us in below-average territory for growth right now. Days-on-market ranks 9 out of 26, which is actually a decent sign - we are still moving faster than a lot of comparable areas. Price rank sits at 17 out of 32, placing us in the mid-to-lower range for Sherwood Park pricing.

Condos - The Slow Lane Right Now

We will be straight with you - the condo side of Emerald Hills is the one to watch closely, and not in a good way. Only 2 condos sold this month, and they averaged 82 days on market. That is a long time to wait for a buyer.

• Average sale price: $517,500
• Average list price: $419,000
• Price per square foot: $413
• Sale-to-list ratio: 99.05% - buyers are negotiating below asking
• Average days on market: 82 days
• Properties sold this month: 2
• Estimated rent: $2,304 per month
• Rental yield: 3.97%

The condo growth rate ranks 36 out of 37 neighbourhoods in Sherwood Park. That is near the bottom of the leaderboard. Days-on-market ranks 15 out of 17 - meaning our condos are among the slowest-selling in the area. The one bright spot is price rank: 7 out of 21, putting condos here above average in price compared to similar Sherwood Park neighbourhoods. So the value is there on paper - but buyers are not rushing.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here is the thing about your city assessment - it is a snapshot from months ago, built on old sales data and a formula that does not know your renovated kitchen or your finished basement. It is not wrong, it is just stale.

The HonestDoor Price is updated in real time using current market activity. Right now, for houses in Emerald Hills, the HonestDoor Price is sitting at $572,753 - down 2.80% from the previous period. For condos, it is $599,201, down 14.26%. Those are meaningful moves that your tax assessment will not reflect until next year at the earliest.

If you are a house owner, your HonestDoor Price is actually higher than the average recent sale price of $482,475. That gap is your real-world check. It tells you the market has dipped recently, but your estimated long-term value has not fallen off a cliff. If you are a condo owner, that 14.26% drop in the HonestDoor Price is a signal worth taking seriously before you list or refinance based on old numbers.

The predicted market value for houses is $589,276, which is slightly down from the 3-month moving average of $592,899. For condos, the predicted value is $698,844, down from a 3-month average of $754,961. Both are trending downward. Knowing this now - not in six months when the assessment arrives - puts you ahead of the conversation.

The So What: Thinking About Selling This Summer?

If you are a house owner in Emerald Hills and you are thinking about listing this summer, here is the honest take. The window is still open, but it is narrowing. Homes are selling above list price when priced right, but the average sale price dropped hard last month. Price it sharp, not greedy, and you can still get a strong result. Sitting on the market for 16 days is manageable - but watch Aspen Trails. If buyers can get a similar home there in 12 days, they will.

If you own a condo, summer 2025 is a tough sell. Eighty-two days on market and a growth rank of 36 out of 37 means you are competing hard for a small pool of buyers. If you do not need to sell, holding and renting at an estimated $2,304 per month with a 3.97% yield is a reasonable play while the market finds its footing.

For both property types, the smartest first move is checking your HonestDoor Price today - not your last tax notice. The market has moved, and you want to know exactly where you stand before you make any decisions.

• Houses: HonestDoor Price $572,753 - down 2.80%
• Condos: HonestDoor Price $599,201 - down 14.26%
• House rental yield: 5.47% - strong for investors holding long term
• Condo rental yield: 3.97% - moderate, still viable as a hold strategy
• Total house transactions in 2026 so far: 21
• Total condo transactions in 2026 so far: 11

Emerald Hills is not in freefall - but it is not a set-it-and-forget-it market right now either. Stay informed, check your real-time numbers, and make moves based on what the market is actually doing today.

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.