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

South of Wye Road Is Quietly One of Sherwood Park's Best-Kept Secrets Right Now

If you own a home in South of Wye Road and you haven't checked your HonestDoor Price lately, you're probably sitting on more than you think. Here's the real picture, no fluff.

The Vibe: What's Actually Happening With Prices

Let's break it down by property type, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses

The average HonestDoor Price for a house in South of Wye Road sits at $1,081,300. That's down a slim 0.36% from the previous period - basically a rounding error, not a red flag. The more telling number is the predicted market value of $1,085,250, which is climbing above the 3-month moving average of $1,051,917. That gap tells us momentum is building, not fading.

• HonestDoor Price: $1,081,300
• Predicted Market Value: $1,085,250
• 3-Month Moving Average: $1,051,917
• Recent Value Change: 6.49%
• Growth Rank: 9 out of 53 neighbourhoods in Sherwood Park
• Average Rental Estimate: $4,310 per month
• Rental Yield: 4.69%
• Airbnb Estimate: $215 per night
• Airbnb Rank in Sherwood Park: 23

That growth rank is worth pausing on. Out of 53 comparable neighbourhoods tracked in Sherwood Park, South of Wye Road houses land at number 9. That puts us in the top tier - not chasing the market, leading it.

Condos

Condos here are a different animal entirely. The average HonestDoor Price is $3,791,600 - up 2.59% from the previous period. The predicted market value comes in at $3,695,900, rising above the 3-month moving average of $3,577,867. Values have shifted 3.68% recently, and the growth rank is 8 out of 37 condo neighbourhoods in Sherwood Park. That's above average, full stop.

• HonestDoor Price: $3,791,600
• Predicted Market Value: $3,695,900
• 3-Month Moving Average: $3,577,867
• Recent Value Change: 3.68%
• Growth Rank: 8 out of 37 neighbourhoods in Sherwood Park
• Average Rental Estimate: $11,400 per month
• Rental Yield: 1.38%
• Airbnb Estimate: $565 per night
• Airbnb Rank in Sherwood Park: 5

That Airbnb rank of 5 in all of Sherwood Park is a standout number. If you own a condo here and you're not thinking about short-term rental income, that's a conversation worth having.

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 South of Wye Road house values jumped 6.49% recently. It doesn't factor in what buyers are actually paying right now on your street.

The HonestDoor Price is updated in real time using current sales data, market signals, and neighbourhood trends. It's the number a serious buyer would use to size up your home today - not the number a government office calculated last fall. If you're making any financial decision tied to your home's value - refinancing, selling, or just knowing where you stand - the HonestDoor Price is your real-world check against a number that's already out of date.

Compare us to nearby neighbourhoods and the picture gets even clearer. Village on the Lake is sitting at an average HonestDoor Price of $525,202 and Sherwood Heights at $482,642. South of Wye Road houses are priced at more than double those neighbours - and we're still ranking in the top 9 for growth. That's not a fluke. That's a neighbourhood with real staying power.

The "So What?" - Should You Sell This Summer?

If you've been on the fence about listing, here's the honest take. Houses here are trending upward - the predicted value is outpacing the 3-month average, and a 6.49% recent change is not a number to ignore. Buyers looking in Sherwood Park are going to find South of Wye Road on the leaderboard, and that matters when offers come in.

A rental yield of 4.69% on houses also means investors are paying attention. That's a competitive yield, and it keeps demand healthy even when the broader market takes a breather.

For condo owners, the short-term rental angle is real. An Airbnb rank of 5 in Sherwood Park means your unit is in one of the most in-demand spots in the area for visitors. That's leverage - whether you're selling to an investor or pricing your own listing.

Bottom line - South of Wye Road is not a neighbourhood that's waiting to see what happens. Check your HonestDoor Price today, compare it to your last assessment, and you'll see exactly what we mean.

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.