Lakeland Greens, Sherwood Park - August 2026 Real Estate Report

Lakeland Greens, Sherwood Park: Here Is What Your Home Is Actually Worth Right Now

If you have been glancing at your last property assessment and wondering if it still reflects reality, the short answer is: probably not. Here is the real picture for Lakeland Greens in 2026, broken down by property type so you know exactly where you stand.

The Vibe: Houses vs. Condos - Two Very Different Stories

Houses - Sellers, This Is Your Moment

We are sitting in a genuine sellers' market right now. The average house sale price in Lakeland Greens hit $550,000 this month, up 4.9% from last month. That is not a typo. Buyers are paying above asking - 101.85% of list price on average - and homes are gone in 8 days. Eight days. That is as fast as Chelsea Heights next door, and quicker than Davidson Creek at 9 days.

• Average sale price: $550,000
• Average list price: $540,000
• Sale-to-list ratio: 101.85% - buyers are bidding over asking
• Average days on market: 8
• Price per square foot: $425
• Days-on-market rank: 4 out of 26 neighbourhoods in Sherwood Park - that means we sell fast
• Price rank: 15 out of 32 - above average for Sherwood Park

The one honest flag here: the predicted market value of $551,425 is sitting just below the 3-month moving average of $551,759, and recent value change is down 2.38%. So the momentum is strong month-to-month, but the longer trend is worth watching. On the neighbourhood leaderboard, our growth rate ranks 31 out of 54 Sherwood Park neighbourhoods - below average for growth, but the speed of sales tells a different story about demand right now.

Condos - A Cooling Market, But Not a Broken One

Our condo market is taking a breather. The average sale price dropped to $248,000, down 2.7% from last month, and properties are selling at 95.38% of list price - meaning buyers have some room to negotiate. Condos are sitting on the market for 15 days, compared to just 9 days in Davidson Creek. That gap matters if you are trying to sell.

• Average sale price: $248,000
• Average list price: $260,000
• Sale-to-list ratio: 95.38% - buyers are getting small discounts
• Average days on market: 15
• Price per square foot: $236
• Price rank: 18 out of 21 - among the most affordable condos in Sherwood Park
• Growth rate rank: 15 out of 37 - above average on the condo leaderboard

The silver lining for condo owners: the predicted market value of $266,956 is actually climbing above the 3-month moving average of $264,923, and recent value change is up 2.65%. The rental yield of 4.25% is moderate but real. If you are holding a condo as an investment, the numbers are not alarming - just not exciting right now.

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 taken months ago, sometimes longer. It does not know that house prices in Lakeland Greens jumped 4.9% last month. It does not know buyers are paying over asking. It is essentially a photo of a market that has already moved on.

The HonestDoor Price is updated in real time. Right now, the average HonestDoor Price for a house in Lakeland Greens is $548,732. For a condo, it is $263,081. These numbers move with the market - not with a government update cycle. If you are making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the number to check first. Think of it as the real-world check against a static government estimate that is already out of date.

• House HonestDoor Price: $548,732 (down 0.49% from last period)
• Condo HonestDoor Price: $263,081 (down 1.45% from last period)
• House rental estimate: $2,710 per month
• Condo rental estimate: $1,424 per month

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

If you own a house in Lakeland Greens, the case for listing this summer is strong. Buyers are paying over asking, homes are moving in 8 days, and you are priced above average for Sherwood Park. The window is open. Waiting to see if values climb further is a gamble when the 3-month trend is already showing a slight dip.

If you own a condo, the calculus is different. Buyers have leverage right now - they know it, and the 15-day average on market confirms it. If you need to sell, price it sharp from day one. If you can hold, the predicted value trend is quietly moving in the right direction, and a rental yield of 4.25% means the asset is still working for you while you wait.

Either way, the first step is the same: pull your HonestDoor Price today. Not your 2024 assessment. Not a neighbour's guess. The live number. That is your starting point for every conversation this summer.

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.