Lakeland Ridge, Sherwood Park - September 2026 Real Estate Report

Lakeland Ridge, Sherwood Park: Your Neighbour Just Sold. Here Is What You Need to Know.

If you live in Lakeland Ridge and you have not checked your home's value lately, now is the time. The market here is moving - and not always in the direction you might expect. Here is the straight story on what is happening with houses and condos in our neighbourhood right now.

The Vibe: Houses vs. Condos

Houses - Strong Demand, But Watch the Trend

We are seeing something interesting with houses in Lakeland Ridge right now. Sales are actually picking up - 11 homes sold last month, up 10% from the month before. That is a healthy number. And when homes do sell, they are going for 100.69% of list price, meaning buyers are still paying above asking. That is a good sign for sellers.

But here is the catch. The average sale price came in at $590,327, which is down 6.8% from last month. Homes are also sitting on the market for about 10 days - a little longer than Davidson Creek at 9 days and Chelsea Heights at 8 days. The market is not crashing, but it is taking a breather. Think of it as a sellers' market that is slowly letting some air out of the tires.

• Average sale price: $590,327 (down 6.8% from last month)
• Average list price: $653,520
• Price per square foot: $372
• Sale-to-list ratio: 100.69% - buyers paid over asking
• Average days on market: 10 days
• Properties sold last month: 11 (up 10%)
• Predicted market value: $634,228
• Estimated monthly rent: $3,036 - rental yield of 5.37%
• Neighbourhood leaderboard - growth rank: 32 out of 53 in Sherwood Park
• Neighbourhood leaderboard - price rank: 8 out of 32 in Sherwood Park (above average)
• Neighbourhood leaderboard - days-on-market rank: 7 out of 24 (moderately fast)

On the leaderboard, houses here rank above average on price (top 25% in Sherwood Park) but sit in the lower half for growth right now. That gap is worth paying attention to if you are thinking about your next move.

Condos - A Wild Month, But Do Not Read Too Much Into It

The condo numbers look dramatic at first glance. The average sale price jumped to $360,000, up 34.5% from last month. But here is the context - only 2 condos sold, down 50% from the previous month. When volume is that low, one or two sales can swing the average hard. Do not pop the champagne or panic just yet.

Condos are taking about 24 days to sell, which is longer than nearby Lakeland Greens at 15 days. Buyers paid 99.15% of list price, so just a hair under asking. The predicted market value sits at $334,910, and that number is actually trending upward against the 3-month average of $331,367 - a quiet but real positive signal.

• Average sale price: $360,000 (up 34.5% from last month - low volume, read with caution)
• Average list price: $269,700
• Price per square foot: $273
• Sale-to-list ratio: 99.15% - just under asking
• Average days on market: 24 days
• Properties sold last month: 2 (down 50%)
• Predicted market value: $334,910 (trending up from 3-month average of $331,367)
• Estimated monthly rent: $1,752 - rental yield of 4.12%
• Neighbourhood leaderboard - growth rank: 19 out of 37 in Sherwood Park (middle of the pack)
• Neighbourhood leaderboard - price rank: 15 out of 21 (below average)
• Neighbourhood leaderboard - days-on-market rank: 9 out of 19 (moderately fast)

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

Here is something most homeowners in Lakeland Ridge do not realize. Your city assessment is basically a snapshot from the past. It gets calculated months before you even see it, using data that is already old by the time it lands in your mailbox. In a market that is shifting month to month - like ours is right now - that number can be off by tens of thousands of dollars.

The HonestDoor Price is different. It updates in real time using actual sales data from our neighbourhood and the ones around us. Right now, the average HonestDoor Price for a house in Lakeland Ridge is $646,101, up 1.87% from the previous period. For condos, it is $334,997. These are not estimates pulled from thin air - they reflect what is actually happening on our streets.

Think of your tax assessment as last season's weather forecast. The HonestDoor Price is what you check before you head out the door this morning. If you are making any financial decision tied to your home - refinancing, selling, or just figuring out your net worth - the HonestDoor Price is the number you want in your hand first.

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

If you own a house in Lakeland Ridge and you are thinking about listing this summer, the window is still open - but it is not as wide as it was a few months ago. Buyers are still paying over asking (that 100.69% sale-to-list ratio is real), and with 74 total property transactions in 2026 so far, Lakeland Ridge ranks 3rd in all of Sherwood Park for transaction volume. People want to be here. That is not nothing.

That said, the 6.8% month-over-month dip in average sale prices and the slightly longer days on market compared to Chelsea Heights and Davidson Creek are signals worth respecting. Pricing your home right from day one matters more than it did six months ago. Overpricing and chasing the market down is a strategy that costs sellers real money.

For condo owners, the story is a bit more patient. Fewer sales, longer days on market, and a below-average price rank in Sherwood Park mean you may need to work a little harder to stand out. The rental yield of 4.12% is solid though - if selling is not urgent, holding and renting is a legitimate play worth running the numbers on.

Bottom line - Lakeland Ridge is still one of the more active and higher-priced neighbourhoods in Sherwood Park. But the market is telling us to be smart, not just optimistic. Check your HonestDoor Price, talk to someone who knows this area, and make your move with real numbers in hand.

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.