Lakeland Ridge, Sherwood Park - August 2026 Real Estate Report

Lakeland Ridge, Sherwood Park: Your Neighbour Just Got a Better Price Than You Think

If you own a home in Lakeland Ridge and the last number you checked was your city assessment, you are probably looking at the wrong number. Here is what is actually happening on our streets right now.

The Vibe: Houses vs. Condos

Houses - Still Strong, But Taking a Breather

We are sitting at an average sale price of $633,225 for houses this month. That is down 3.3% from last month, and only 10 homes sold - down 28.6%. So yes, things have slowed down a bit. But here is the part that matters: homes are still selling at 100.91% of list price. Buyers are paying above asking. That is not a weak market. That is a market catching its breath after a strong run.

• Average sale price: $633,225
• Average list price this month: $626,380
• Price per square foot: $336
• Sold-to-list ratio: 100.91% - buyers paid over asking
• Average days on market: 25
• Properties sold this month: 10

Our houses rank 8 out of 32 neighbourhoods in Sherwood Park for price. That puts us well above average. Compare that to Chelsea Heights next door, where the average sold price sits at $577,000 - we are running about $56,000 ahead of them. Days on market rank 12 out of 26, so we are moving properties at a moderately fast pace. Growth rate ranks 30 out of 54 right now, which puts us in the lower half of the neighbourhood leaderboard - something to watch heading into summer.

Condos - Steady and Quietly Climbing

The condo side of Lakeland Ridge is a different story. We only had 4 sales this month, but the predicted market value of $332,773 is actually creeping up past the 3-month moving average of $330,266. That is a quiet but real upward trend. Average sale price landed at $267,750, and homes sold at 99.15% of list - just a hair under asking, which puts us in stable buyers' market territory.

• Average sale price: $267,750
• Average list price this month: $269,700
• Price per square foot: $273
• Sold-to-list ratio: 99.15%
• Average days on market: 24
• Properties sold this month: 4

Our condos rank 17 out of 21 for price in Sherwood Park - meaning we are among the more affordable options in the area. That is actually a selling point for buyers coming from pricier spots. Growth rate ranks 21 out of 37 on the neighbourhood leaderboard, so below average, but the predicted value trend is moving in the right direction. One flag: Lakeland Greens condos are selling in 15 days versus our 24. That gap is worth paying attention to if you are listing soon.

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

Here is the thing about city assessments - they are a snapshot from months ago, sometimes longer. They do not know that your neighbour just sold above asking. They do not adjust for what buyers are actually paying on our streets this week.

The HonestDoor Price is updated in real time using actual transaction data. Right now, the average HonestDoor Price for houses in Lakeland Ridge is $634,228 - up 0.74% from the previous period. For condos, it is $334,910 - up 0.64%. These numbers move with the market. Your tax assessment does not.

If you are making any decision about selling, refinancing, or even just figuring out where you stand compared to your neighbours, the HonestDoor Price is the real-world check you need. It is not a guess. It is built from what is actually closing in our neighbourhood right now.

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

For house owners, the window is still open - but it is not as wide as it was 60 days ago. Prices dipped 3.3% month over month, and fewer homes are trading hands. The good news is that buyers are still motivated enough to pay over list price. If you price it right, you can still win. Price it like last spring and you will sit on the market longer than you want to.

For condo owners, the story is actually improving quietly. Predicted values are ticking up, and you are sitting above Davidson Creek ($295,084) and Lakeland Greens ($266,956) in predicted value. The rental yield of 4.12% also gives buyers a reason to look at your unit as an investment, which widens your buyer pool.

• House rental estimate: $3,036 per month - a strong backup plan if you are not ready to sell
• House rental yield: 5.38% - that is a number investors notice
• Condo rental estimate: $1,752 per month
• Total house transactions in Lakeland Ridge in 2026 so far: 70 - ranked 3rd in all of Sherwood Park for volume
• Total condo transactions in 2026 so far: 17 - ranked 4th in Sherwood Park

Bottom line: Lakeland Ridge is one of the busiest and highest-priced neighbourhoods in Sherwood Park. We are not in a freefall. We are in a recalibration. If you are thinking about making a move this summer, check your HonestDoor Price first - then call your agent with actual numbers in hand, not a year-old assessment.

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.