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

South of Wye Road, Sherwood Park: Your Neighbour Just Got a Reality Check on Their Home Value

The Vibe Right Now

If you own a home in South of Wye Road, the market is sending two very different signals depending on what you own. Houses and condos are telling completely different stories this season - and knowing which story is yours could be worth tens of thousands of dollars.

Houses: Holding Strong at the Top of the Leaderboard

Here is the headline for house owners in South of Wye Road. The predicted market value for houses sits at $1,051,350, and that number is climbing. The 3-month moving average is $1,018,075, which means values are trending upward right now - not sideways, not down.

The growth rank? Number 2 out of 54 comparable neighbourhoods in Sherwood Park. That is not a typo. South of Wye Road houses are outperforming almost every other pocket in the city, with a recent value change of 7.29%. That is the kind of number that makes a real difference when you sit down at the negotiating table.

• HonestDoor Price (average): $1,019,150
• Predicted market value: $1,051,350
• 3-month moving average: $1,018,075 - and rising
• Recent value change: +7.29%
• Growth rank: 2 out of 54 in Sherwood Park
• Estimated monthly rent: $4,232
• Rental yield: 4.67%
• Airbnb rank in Sherwood Park: 24

For context, look at the neighbours. Village on the Lake is sitting at $515,769 and Sherwood Heights at $473,057. We are not in the same conversation. South of Wye Road houses are in a different weight class entirely.

Condos: Taking a Breather - and That Is Worth Knowing

The condo picture is more complicated. The average HonestDoor Price for condos in South of Wye Road is $3,564,800 - which is a striking number on its own. But the predicted market value has pulled back to $3,472,900, and the 3-month moving average is $3,729,067. That gap tells us values are cooling off from a recent peak.

The recent value change of -6.81% confirms it. The growth rank for condos is 26 out of 37 in Sherwood Park - below average for the area. If you own a condo here, this is not a panic moment, but it is absolutely a "pay attention" moment.

• HonestDoor Price (average): $3,564,800
• Predicted market value: $3,472,900
• 3-month moving average: $3,729,067 - and falling
• Recent value change: -6.81%
• Growth rank: 26 out of 37 in Sherwood Park
• Estimated monthly rent: $10,660
• Rental yield: 1.43%
• Airbnb rank in Sherwood Park: 5

One bright spot for condo owners - that Airbnb rank of 5 in all of Sherwood Park is genuinely impressive. Short-term rental potential here is real, with an estimate of $540 per night. That is a lever worth pulling if you are holding the property.

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

Here is something most homeowners in South of Wye Road do not realize. Your city assessment is a snapshot from the past - often based on data that is 12 to 18 months old by the time it lands in your mailbox. It does not know that house values here just jumped 7.29%. It does not know the 3-month trend. It is essentially a history lesson dressed up as current news.

The HonestDoor Price is updated in real time. It pulls from actual market activity, recent sales, and current demand signals. For a house owner here, the difference between the static assessment and the HonestDoor Price could easily be $30,000 to $50,000 or more. That is not a rounding error - that is a renovation budget, a down payment on a next property, or real negotiating power when you list.

Check your HonestDoor Price now. Do not wait for the city to catch up to what the market already knows about your home.

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

If you own a house in South of Wye Road and you have been on the fence about selling, the data is giving you a clear signal. A growth rank of 2 out of 54 means buyer demand is real and your neighbourhood is on the radar. Values are rising, not falling. Summer inventory tends to be competitive, and coming in with a sharp, data-backed price - not a guess based on an old assessment - is how you win.

If you own a condo, the conversation is different. With values down 6.81% recently and a below-average growth rank, pricing strategy matters even more. Overpricing right now is the fastest way to sit on the market while buyers move on. A realistic HonestDoor Price gives you the honest starting point you need - not the number you wish it was.

Bottom line for South of Wye Road this summer - house owners have momentum on their side. Use it. Condo owners need to price sharp and lean into that strong short-term rental story as a backup plan. Either way, the worst move is to rely on a number the city handed you last year.

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.