Emerald Hills, Sherwood Park - June 2026 Real Estate Report

Emerald Hills Real Estate Check-In: Your Neighbour's Honest Take

The Vibe Right Now

If you live in Emerald Hills and you haven't checked your home's value lately, now is the time to pay attention. The market here is sending mixed signals depending on whether you own a house or a condo - and the gap between the two is bigger than most people realize. Here's the straight story.

Houses: Steady, But Taking a Breather

The house market in Emerald Hills is holding its ground, but it's not setting any speed records. Here's what the numbers actually say for us right now:

• Average HonestDoor Price: $589,276 - down 3.52% from the previous period
• Average sale price: $543,625 - essentially flat month over month
• Current listings averaging: $576,600
• Price per square foot: $329
• Homes are selling at 99.75% of list price - buyers are getting a slight edge
• Average days on market: 40 days
• 4 properties sold recently
• Predicted market value: $610,776 - up from the 3-month average of $581,940
• Estimated monthly rent: $2,811 with a rental yield of 5.51%
• Airbnb estimate: $144 per night

Forty days on market is the honest part nobody loves to hear. Out of 22 comparable neighbourhoods tracked in Sherwood Park, Emerald Hills houses rank 19th for days on market - meaning homes here are sitting longer than most. That said, the predicted value of $610,776 is climbing above the 3-month average, which tells us the underlying demand is still there. Buyers are just taking their time.

The bright spot? On the neighbourhood leaderboard for growth, Emerald Hills houses rank 5th out of 53 neighbourhoods in Sherwood Park. That puts us in the top tier for value appreciation - even if the day-to-day sales pace feels slow.

Condos: High Potential, Bumpy Month

The condo side of Emerald Hills is a different story - and it's worth reading carefully before drawing conclusions.

• Average HonestDoor Price: $698,844 - down 14.00% from the previous period
• Average sale price: $337,000 - down 27.7% from last month
• Current listings averaging: $462,450
• Price per square foot: $230
• Properties sold for 101.16% of list price - buyers are still paying over asking
• Average days on market: 14 days
• 1 property sold - down 50% from last month
• Predicted market value: $812,617 - up from the 3-month average of $761,474
• Estimated monthly rent: $2,374 with a rental yield of 3.95%
• Airbnb estimate: $114 per night

One sale in a month makes the numbers jumpy - a 27.7% drop in average sale price sounds alarming, but with that small a sample, one lower-priced unit can move the whole average. What matters more is that the predicted market value is rising, and condos here still rank 7th out of 37 neighbourhoods in Sherwood Park for growth. That's a strong leaderboard position. Days on market at 14 is also solid - condos here are moving faster than houses.

The 14.00% drop in the HonestDoor Price for condos is worth watching. It could reflect a real correction, or it could be a data blip from low transaction volume. Either way, if you own a condo in Emerald Hills, this is not the moment to rely on last year's numbers.

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

Here's something most homeowners don't think about until it's too late. Your city assessment is a snapshot from the past - often 12 to 18 months behind the actual market. It doesn't know that house prices in Emerald Hills have shifted 3.52% recently, or that condo values are moving even faster.

The HonestDoor Price is updated in real time using actual transaction data, current listings, and neighbourhood trends. For houses, that means a current read of $589,276. For condos, $698,844. These numbers move with the market - your tax assessment doesn't.

If you're making any financial decision - refinancing, selling, even just understanding your net worth - using a stale government number is like navigating with an old map. The HonestDoor Price is the real-world check that tells you where you actually stand today.

The So What - Thinking About Selling This Summer?

If you own a house in Emerald Hills and you're thinking about listing this summer, here's the honest take. The market is stable but slow - 40 days on market means you need to price sharp from day one. Buyers are paying 99.75% of list, so there's almost no room for an inflated ask. The good news is that predicted values are climbing toward $610,776, and sitting in the top 5 for growth out of 53 Sherwood Park neighbourhoods gives you a real story to tell buyers.

For condo owners, the picture is more nuanced. One sale a month is thin data, but the 14-day average sell time and buyers paying over list price suggest real demand when the right unit hits the market. Price it right and it moves fast. Price it based on last year's assessment and you'll be chasing the market down.

Either way, the move right now is to check your HonestDoor Price before you do anything else. It's the number that reflects what's actually happening on your street - not what the city decided your home was worth a year and a half ago.

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.