Genesis On The Lakes, Stony Plain - October 2026 Real Estate Report
Genesis On The Lakes, Stony Plain: Your Neighbour Just Asked "Should I Sell?" - Here's the Real Answer
The Vibe Right Now
If you live on the lakes, you already know this neighbourhood punches above its weight in Stony Plain. But the market is taking a breather. Prices are sliding slightly, homes are sitting longer than anyone wants to admit, and the gap between what sellers want and what buyers will pay is real. Here is what is actually happening, broken down by property type.
Houses - The Numbers, No Spin
The average sale price for a house in Genesis On The Lakes is sitting at $1,140,000, with active listings averaging $1,175,000 right now. That gap matters. Buyers are negotiating, and the data backs it up - homes are selling at 97.02% of list price on average. That means on a $1,175,000 listing, a buyer is effectively saving around $35,000 at the table.
The bigger story is days on market. Houses here are averaging 188 days before selling. That is over six months. In a neighbourhood ranked dead last in Stony Plain for selling speed - 22nd out of 22 - patience is not optional for sellers right now, it is mandatory.
- Average sale price: $1,140,000
- Average list price this month: $1,175,000
- Price per square foot: $405
- Sale-to-list ratio: 97.02% - buyers are winning negotiations
- Average days on market: 188 days
- HonestDoor Price: $689,430 (down 1.20% from last period)
- Predicted market value: $697,824
- 3-month moving average: $712,730 - the trend is dipping
- Recent value change: -3.67%
- Growth rank: 22nd out of 37 neighbourhoods in Stony Plain - below average
- Price rank: 1st out of 31 - among the most expensive in Stony Plain
- Estimated rent: $3,080 per month
- Rental yield: 5.27% - that is a strong return for landlords
- Transactions in 2026: 10 properties sold
The rental story is actually a bright spot. A 5.27% yield is genuinely solid. If you are not ready to sell, renting your house here makes real financial sense while you wait for the market to find its footing.
Condos - A Different Beast
Condos in Genesis On The Lakes are in a league of their own price-wise. The HonestDoor Price averages $1,223,300, and the predicted market value comes in at $1,242,500. For context, nearby neighbourhoods like The Glens average $208,167 and Heritage Estates sits at $215,410. We are talking about condos here that cost nearly six times what comparable units sell for just down the road.
But the growth picture is not pretty. Condo values have dropped 2.81% recently, and the 3-month moving average of $1,267,833 confirms the slide. On the neighbourhood leaderboard, Genesis On The Lakes condos rank 30th out of 32 in Stony Plain for growth. That puts us near the bottom of the pack.
- HonestDoor Price: $1,223,300 (down 1.55% from last period)
- Predicted market value: $1,242,500
- 3-month moving average: $1,267,833 - values are trending down
- Recent value change: -2.81%
- Growth rank: 30th out of 32 neighbourhoods in Stony Plain - bottom performers
- Airbnb rank in Stony Plain: 3rd - strong short-term rental demand
- Estimated rent: $4,880 per month
- Rental yield: 2.46% - moderate, not a slam dunk for investors
- Airbnb estimate: $240 per night
The one standout for condos is short-term rental potential. An Airbnb rank of 3rd in all of Stony Plain is nothing to ignore. If you own a condo here and are not using it full-time, the short-term rental angle is worth a serious look.
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from the past. The municipality values your property based on data that is already months or years old by the time it lands in your mailbox. The market does not wait for paperwork.
The HonestDoor Price is updated in real time using actual sales, current listing activity, and live market signals. Right now, houses in Genesis On The Lakes show a HonestDoor Price of $689,430 - down 1.20% - while condos sit at $1,223,300, down 1.55%. If you are making a financial decision - refinancing, selling, buying out a partner, or just figuring out your net worth - you need today's number, not last year's government estimate.
Your tax assessment tells you what your home was worth. Your HonestDoor Price tells you what it is worth right now. That difference can be tens of thousands of dollars in either direction.
So What Does This Mean If You Are Thinking About Selling This Summer?
Straight talk: this is not a seller's market in Genesis On The Lakes right now. Houses are sitting for 188 days on average, values are dipping, and buyers have leverage at the negotiating table. That does not mean you should not sell - it means you need to go in with clear eyes.
If you are selling a house, price it sharp from day one. Homes ranked 1st in price in Stony Plain attract attention, but overpriced listings in a slow market just sit. A 3% price cut after 90 days on market costs you more than pricing right on day one.
If you own a condo, the growth rank of 30th out of 32 is a signal worth taking seriously. Values are sliding and the pool of buyers willing to pay $1.2 million-plus for a condo in Stony Plain is small. If selling is on your radar, sooner is likely better than later while prices are still at current levels.
The rental yield on houses - 5.27% - gives homeowners a real alternative. If the summer selling window does not deliver the price you need, holding and renting is a legitimate strategy here, not just a fallback plan.
Bottom line: Genesis On The Lakes is still one of the most expensive addresses in Stony Plain. That status has value. But right now the market is asking sellers to be realistic, patient, and strategic. Check your HonestDoor Price before you do anything else - it is the most honest starting point you have got.
genesis on the lakes | stony plain | october 2026This 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.