Estates of Sherwood Park, Sherwood Park - August 2026 Real Estate Report

Estates of Sherwood Park: The Market Is Shifting - Here Is What Your Home Is Actually Worth Right Now

The Vibe on the Ground

If you have been watching the "For Sale" signs in Estates of Sherwood Park lately, here is what is actually happening. We are sitting in one of the priciest pockets in all of Sherwood Park - ranked 1 out of 32 neighbourhoods on price - but the market is taking a breather. Sales are down, prices have dipped, and buyers are negotiating. That does not mean panic. It means pay attention.

On the house side, the average sale price came in at $621,667 this month, which is down 9.3% from last month. Only 3 homes sold, a 40% drop in volume. Homes are sitting for about 25 days before selling, and buyers are landing deals at roughly 97 cents on the dollar. That gap between list price and sale price is small, but it is real money - we are talking roughly $17,000 left on the table on average. The direction of travel right now favours buyers.

Houses - The Numbers That Matter

• Average sale price: $621,667 - down 9.3% from last month
• Average list price: $642,967
• Price per square foot: $355
• Sale-to-list ratio: 97.27% - buyers are paying below asking
• Average days on market: 25 days
• Properties sold this period: 3 - down 40% from last month
• Total transactions in 2026: 12

The Secret Sauce - Your HonestDoor Price vs. That Government Assessment

Here is the thing most homeowners in Estates of Sherwood Park do not realize. That assessment notice sitting in your drawer? It is a snapshot from months ago, built on data that is even older. It does not know what happened to prices last month. It does not adjust in real time. It is basically a photograph of a market that has already moved on.

The HonestDoor Price for homes in Estates of Sherwood Park is sitting at $1,091,281 right now - up 1.79% from the previous period. The predicted market value for houses specifically is $1,076,087, though that number is trending down slightly from the 3-month moving average of $1,097,956. That tells us the peak of this recent run may be just behind us.

The HonestDoor Price is the real-world check. It pulls from actual transaction data and updates continuously. If you are making any decision - selling, refinancing, or just figuring out where you stand - this is the number to start with, not the one the city mailed you.

The Neighbourhood Leaderboard - Where Estates of Sherwood Park Actually Sits

Let us be straight about the growth picture. On the neighbourhood leaderboard for growth rate, Estates of Sherwood Park ranks 51 out of 54 comparable neighbourhoods in Sherwood Park. That puts us near the bottom of the pack right now. Property values have shifted by -5.57% recently. That is not a catastrophe, but it is a number worth knowing before you price your home.

The silver lining? We still hold the top price rank - 1 out of 32 - and days on market rank a solid 12 out of 26, meaning homes here still move at a moderately healthy pace compared to other areas. Compare that to nearby Maple Grove at $478,767 or Maplewood at $503,569, and Estates of Sherwood Park is still in a completely different price league.

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

If selling is on your radar this summer, here is the honest take. You are still in the most expensive neighbourhood in Sherwood Park, and that matters. Buyers who want this area have to come here - there is no cheaper substitute that offers the same address.

But the data is telling you to move with intention, not urgency. Prices have softened, volume is thin, and buyers know they have some leverage right now. That means your list price strategy has to be sharp. Overpricing in this environment is the fastest way to sit on the market and watch your negotiating position weaken.

The rental picture adds some useful context too. Estimated rent is $4,331 per month with a rental yield of 4.61%. That is a moderate return - not a home run, but solid enough that holding the property as a rental is a real option if the sale price does not hit your number.

• HonestDoor Price: $1,091,281 - up 1.79%
• Predicted market value for houses: $1,076,087
• 3-month moving average: $1,097,956 - values are easing
• Estimated monthly rent: $4,331
• Rental yield: 4.61%
• Growth rank: 51 out of 54 - a bottom-tier performer right now
• Price rank: 1 out of 32 - still the most expensive in Sherwood Park

Bottom line - check your HonestDoor Price before you do anything else. It is the most current read on what your home is actually worth in a market that is clearly in motion.

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.