If you have been watching the "For Sale" signs in Southridge lately, here is what is actually happening. The market is holding steady - and in some ways, it is quietly outperforming expectations. We are seeing houses sell for an average of $417,000, and the really interesting part? Buyers are paying above list price. The sale-to-list ratio sits at 100.48%, which means sellers in our neighbourhood are not leaving money on the table.
Homes are moving fast too. The average days on market is just 13 days - that is the same pace as nearby Meridian Meadows, which tells us Southridge is keeping up with the competition. This is not a neighbourhood where listings go stale.
Here is where Southridge stands against the rest of Stony Plain - and the numbers are worth knowing before you make any decisions.
For context, our neighbours in Woodlands are averaging $464,855 and Meridian Meadows is at $459,890. Southridge comes in below both - but our speed-to-sale and above-ask performance show that buyers who come here are serious and ready to move.
Here is the thing most Southridge homeowners do not realize. Your city assessment is a snapshot taken months - sometimes over a year - before you even see it. It does not know what happened on your street last week. The HonestDoor Price does.
Right now, the average HonestDoor Price for Southridge is $418,988. The predicted market value for houses specifically is sitting at $426,469 - and that number is trending up from the 3-month moving average of $420,038. That is a 2.55% recent increase in value. Your tax assessment is not going to tell you that. HonestDoor is updating in real time, which means it is the number you should actually be using when you are thinking about your equity, your next move, or your mortgage.
Think of the HonestDoor Price as the real-world check on what your home is actually worth today - not what a government office calculated last year.
If selling is on your radar this summer, the data is pointing in your favour. Buyers in Southridge are paying above list price, homes are gone in under two weeks, and the predicted market value is sitting above the recent moving average. That combination does not come around all the time.
On top of that, if you are not selling but you own a home here, the rental picture is strong. Estimated rent is $2,202 per month with a rental yield of 5.77%. That is a number that income-property owners in a lot of other neighbourhoods would envy.
The one thing to watch? The overall HonestDoor Price dipped 1.75% from the previous period. It is a small move, not a red flag - but it is a reminder that waiting indefinitely is not always the winning play. The predicted value is up, the buyers are active, and the days-on-market is tight. If your home is ready, this summer is a real window.
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.