Spruce Ridge, Spruce Grove - July 2026 Real Estate Report

Spruce Ridge, Spruce Grove: Your Neighbour Just Listed. Here Is What You Need to Know.

If you have been watching the "For Sale" signs pop up around Spruce Ridge this season, here is the honest picture. The neighbourhood is busy - busier than almost anywhere else in Spruce Grove - but the numbers tell two very different stories depending on whether you own a house or a condo. Let us break it down.

The Vibe: Houses vs. Condos

Houses - Active, But Buyers Are Negotiating

We saw 19 house sales this month, up 5.6% from last month. That is solid activity. But the average sale price came in at $442,068, which is down 7.1% from the previous month. Listings are sitting at $443,650 on average, and homes are selling at 99.76% of list price - meaning buyers are getting a small discount, but sellers are not getting crushed either. Properties are moving in about 20 days on average, which is a reasonable pace.

The bigger number to watch is the predicted market value of $517,984 - up from a 3-month moving average of $511,003. That upward trend in predicted value, even while sale prices dipped this month, tells us the underlying demand is still there. This month's dip looks more like a short-term fluctuation than a freefall.

• Average sale price: $442,068 (down 7.1% this month)
• Average list price: $443,650
• Price per square foot: $308
• Sold-to-list ratio: 99.76%
• Average days on market: 20
• Predicted market value: $517,984
• Estimated monthly rent: $2,555
• Rental yield: 5.62%
• Neighbourhood growth rank: 12 out of 19 in Spruce Grove

On the leaderboard, houses in Spruce Ridge rank 12th out of 19 neighbourhoods for growth in Spruce Grove - below average, but not at the bottom. Price rank sits at 8th out of 18, meaning we are above average in value compared to the rest of the city. If you own a house here, you are in a mid-tier growth position with above-average pricing power. That is a decent place to be.

Condos - A Quieter Corner With Some Upside

The condo market here is a smaller pool - 5 sales this month - but it is not without its own story. The average sale price landed at $279,280, which looks like a steep drop on paper (down 39.3% from last month), but with only 5 transactions, one or two outlier sales can swing that number dramatically. Do not read too much into the month-over-month percentage with a sample that small.

What is more telling is the predicted market value of $231,207, which is climbing past the 3-month moving average of $225,942. Condos are sitting on the market for 43 days on average - slower than houses - but that pace matches nearby Sprucewoods Villa, so we are not an outlier. The rental yield of 4.29% is moderate, and the growth rank of 5th out of 17 neighbourhoods in Spruce Grove puts condos here in above-average territory for appreciation.

• Average sale price: $279,280 (treat this month's drop with caution - small sample)
• Average list price: $236,475
• Price per square foot: $276
• Sold-to-list ratio: 99.02%
• Average days on market: 43
• Predicted market value: $231,207
• Estimated monthly rent: $1,151
• Rental yield: 4.29%
• Neighbourhood growth rank: 5 out of 17 in Spruce Grove - above average
• Price rank: 2nd out of 12 - among the most expensive condos in Spruce Grove

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

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that house predicted values in Spruce Ridge just crossed $517,984, or that the overall average HonestDoor Price for houses sits at $527,051, up 1.75% from the previous period. Your tax assessment is not lying to you, but it is definitely behind.

The HonestDoor Price is updated in real time using actual transaction data, current listing activity, and market trends. It is the number that reflects what a buyer would actually pay today - not what the city calculated last year. If you are a house owner in Spruce Ridge, there is a meaningful gap between your static assessment and your real-world value right now. That gap is money left on the table if you do not know it exists.

For condo owners, the HonestDoor Price of $229,370 (down a slight 0.79%) is still holding near the top of the Spruce Grove condo market - ranked 2nd out of 12 neighbourhoods in price. Your assessment almost certainly does not reflect that standing.

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

If you own a house in Spruce Ridge and you are weighing a summer sale, here is the straight talk. The market is not on fire, but it is not stalling either. Spruce Ridge ranked 1st in total transactions in Spruce Grove in 2026 - 129 sales for houses alone. That means buyers are coming here. You have a competitive advantage in volume and visibility.

The 20-day average days on market for houses is your friend. Price it right - close to that $443,650 average list price range - and you are looking at a relatively quick sale. Price it too aggressively and you will sit, because buyers right now are getting just under list price and they know it.

For condo sellers, patience is part of the plan. Forty-three days on market is the norm here, not a warning sign. And being ranked 2nd in price out of 12 Spruce Grove condo neighbourhoods means you have a strong story to tell buyers who are comparing options across the city.

Bottom line - Spruce Ridge is one of the most transacted neighbourhoods in Spruce Grove. Buyers are showing up. The question is whether your asking price matches what the market is actually doing right now. Check your HonestDoor Price before you call your agent. It is the real-world number - not the one on your tax notice.

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.