Lakeland Ridge, Sherwood Park - July 2026 Real Estate Report

Lakeland Ridge Real Talk: Your House Is Hot, Your Condo Is Cooling

If you own a home in Lakeland Ridge and you haven't checked your HonestDoor Price lately, now is the time. The market here is telling two very different stories depending on what you own - and one of them is really good news for sellers.

The Vibe: Houses vs. Condos

Let's start with houses, because the numbers are turning heads. We saw 14 homes sell last month, up 27.3% from the month before. The average sale price hit $655,157 - a 20.2% jump in a single month. Even more telling: homes are selling at 101.3% of list price. That means buyers in our neighbourhood are going over asking. That is a sellers' market, full stop.

• Average house sale price: $655,157 (up 20.2% from last month)
• Average list price: $740,500
• Sale-to-list ratio: 101.3% - buyers are paying above asking
• Price per square foot: $371
• Average days on market: 37
• Properties sold last month: 14
• HonestDoor Price (houses): $629,540
• Predicted market value: $643,936
• Rental yield: 5.35%
• Price rank in Sherwood Park: 5 out of 32 - among the most expensive

Now for condos - and we'll be straight with you here. The condo side is taking a breather. Only 4 units sold last month, down 33.3%. The average sale price dipped to $267,750, and buyers are landing deals at 99.15% of list price. Condos are sitting for 24 days on average, which is longer than nearby Lakeland Greens at 13 days. It's not a crisis, but it's a cooler market and pricing your condo right matters more than ever right now.

• Average condo sale price: $267,750 (down 3.1% from last month)
• Average list price: $269,700
• Sale-to-list ratio: 99.15% - slight room to negotiate
• Price per square foot: $273
• Average days on market: 24
• Properties sold last month: 4
• HonestDoor Price (condos): $332,773 (up 1.95%)
• Predicted market value: $326,418
• Rental yield: 4.14%
• Growth rank in Sherwood Park: 5 out of 37 - top performer

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

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that houses in Lakeland Ridge just sold at 101.3% of list price last month. It doesn't know that our predicted house value of $643,936 is climbing past the 3-month moving average of $632,160. Your tax assessment is basically a history book. Your HonestDoor Price is today's news.

For house owners, the HonestDoor Price of $629,540 gives you a real-world anchor in a market that's moving fast. For condo owners, it's even more critical - your HonestDoor Price of $332,773 is actually sitting above recent sale prices, which tells you something important about where the market could still go. Don't let a stale government number be the last word on what your property is worth.

One more thing worth knowing: Lakeland Ridge condos rank 5 out of 37 neighbourhoods in Sherwood Park for growth. That's a top-tier position on the neighbourhood leaderboard, even while the short-term sales numbers cool off. The long game still looks solid here.

The So What: Should You Sell This Summer?

If you own a house in Lakeland Ridge, the answer is pretty simple - conditions right now are about as good as they get. Buyers are competing, prices are up, and we're ranked 5 out of 32 for price in all of Sherwood Park. Every comparable neighbourhood nearby - Davidson Creek at $532,858, Chelsea Heights at $591,355, Lakeland Greens at $551,425 - is priced below us. Buyers who want this area know they're paying a premium, and right now they're willing to do it.

If you own a condo, the play is different. The market is softer, sales are slower, and pricing sharp from day one is what separates a quick sale from a listing that sits. The good news is that your HonestDoor Price is holding up, and the growth rank of 5 out of 37 tells us this neighbourhood has real long-term credibility. If you don't need to sell right now, waiting for the market to firm back up is a reasonable call. If you do need to move, price it right and move fast - don't chase the market down.

Bottom line: Lakeland Ridge is one of the stronger addresses in Sherwood Park. The house market is firing right now. The condo market needs a sharper strategy. Either way, check your HonestDoor Price before you make any decisions - it's the most current read you've got on what your home is actually worth today.

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.