South of Wye Road, Sherwood Park - August 2026 Real Estate Report

South of Wye Road Is Sitting on More Than Most People Realize

The Vibe - What Is Actually Happening Out Here

If you live in South of Wye Road and you have not checked your home's value lately, you might be leaving real money on the table. The average HonestDoor Price for houses here is sitting at $1,085,250 - up 6.49% from the previous period. That is not a small bump. That is your equity working for you while you sleep.

For us on the house side of things, the predicted market value is $1,019,150 and it is trending upward from a 3-month moving average of $1,016,792. The direction is right. The momentum is there. The one thing worth watching is a recent -3.06% value change, which tells us the market is catching its breath - not falling apart. On the neighbourhood leaderboard, houses rank 40 out of 54 in Sherwood Park for growth. Below average, yes - but the overall price point still puts us well ahead of neighbours like Sherwood Heights ($477,400) and Village on the Lake ($524,699).

Now, condos in South of Wye Road are a different story entirely. The average HonestDoor Price for condos is $3,695,900 - up 3.68% - and the predicted market value is $3,564,800. On the neighbourhood leaderboard, condos rank 15 out of 37 in Sherwood Park for growth. That is above average, and it shows. Every comparable neighbourhood nearby - Wye Commercial, Sherwood Heights, Salisbury Village - comes in cheaper. If you own a condo here, you are holding something genuinely rare for this market.

The Numbers at a Glance

• House - Average HonestDoor Price: $1,085,250 (up 6.49%)
• House - Predicted Market Value: $1,019,150
• House - Estimated Rent: $4,128 per month
• House - Rental Yield: 4.78%
• House - Airbnb Potential: $204 per night
• House - Growth Rank: 40 out of 54 in Sherwood Park
• Condo - Average HonestDoor Price: $3,695,900 (up 3.68%)
• Condo - Predicted Market Value: $3,564,800
• Condo - Estimated Rent: $10,870 per month
• Condo - Rental Yield: 1.41%
• Condo - Airbnb Potential: $540 per night
• Condo - Growth Rank: 15 out of 37 in Sherwood Park

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

Here is the thing about your city assessment - it is a snapshot from months ago, built on broad formulas that do not know your street, your upgrades, or what sold two blocks over last Tuesday. It is old news dressed up as official fact.

The HonestDoor Price is a real-world check. It updates in real time, pulls from actual market activity, and reflects what a buyer would genuinely pay today - not what a government formula guessed last year. With house prices in South of Wye Road up 6.49%, there is a very real chance your assessment is already behind. That gap between your assessment and your HonestDoor Price? That is the number you need to know before you make any decision about your property.

The So What - Should You Sell This Summer?

If you own a house here and you have been on the fence, the 6.49% price increase is a signal worth taking seriously. Prices are up, the 3-month trend is moving in the right direction, and at $1,085,250 average, you are priced well above most of the surrounding neighbourhoods. The -3.06% recent value shift means the market is not sprinting - but it is not retreating either. Listing while prices are elevated and before any further softening makes practical sense.

If you own a condo, the case is even stronger. A growth rank of 15 out of 37 puts you in the top half of Sherwood Park, and at $3,695,900 average, you are in a category of your own locally. The rental income potential of $10,870 per month also means buyers looking at this as an investment will do the math quickly in your favour.

Bottom line - South of Wye Road is not the flashiest name in Sherwood Park, but the numbers here are doing quiet, serious work. Check your HonestDoor Price today. Know what you actually have before someone else figures it out first.

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.