Summerwood, Sherwood Park - August 2026 Real Estate Report

Summerwood, Sherwood Park: What Your Neighbour Hasn't Told You Yet

If you own a home in Summerwood and you haven't checked your HonestDoor Price lately, now is the time. The market here is sending mixed signals depending on what you own - and knowing which side of that story you're on could be worth tens of thousands of dollars this summer.

The Vibe: Houses vs. Condos

Houses - Steady, But Watch the Trend

We're seeing houses in Summerwood hold their ground better than condos right now. The average sale price sits at $539,467, up 1.2% from last month, and homes are moving in about 30 days - the same pace as nearby Aspen Trails. That consistency is a good sign. The market isn't running hot, but it isn't stalling either.

• Average sale price: $539,467 (up 1.2% month-over-month)
• Average list price this month: $540,846
• Price per square foot: $321
• Homes selling at 99.87% of list price - buyers are getting a slight edge
• Average days on market: 30
• Properties sold this month: 9
• Predicted market value: $625,322
• Rental yield: 5.41% - that is a strong return for investors
• Estimated monthly rent: $2,975

Here is the number to pay attention to though. The predicted market value of $625,322 is sliding below the 3-month moving average of $630,501. Property values have dipped 3.23% recently. On the neighbourhood leaderboard, Summerwood houses rank 42 out of 54 for growth in Sherwood Park. That puts us in below-average territory right now. Not a crisis - but a signal worth watching if you are thinking about timing a sale.

Condos - Taking a Breather

The condo side of Summerwood is cooling off, and we should be honest about that. The average sale price dropped 10.4% from last month to $284,330. Only 5 condos sold - down 16.7% - and they sat on the market for 58 days. Compare that to Emerald Hills at 41 days and Aspen Trails at 30 days, and it is clear our condos are taking longer to find buyers than the competition next door.

• Average sale price: $284,330 (down 10.4% month-over-month)
• Average list price this month: $292,756
• Price per square foot: $284
• Homes selling at 96.98% of list price - buyers have real negotiating room
• Average days on market: 58
• Properties sold this month: 5
• Predicted market value: $1,964,688
• Rental yield: 2.93% - moderate, not a slam dunk for investors
• Estimated monthly rent: $6,143

On the neighbourhood leaderboard, Summerwood condos rank 30 out of 37 for growth - placing us among the bottom performers in Sherwood Park right now. The 3-month moving average for predicted value is $2,008,314, and we are currently sitting below that. The market is telling condo owners to price sharp or be patient.

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

Here is something most Summerwood homeowners do not realize. Your city assessment is a snapshot from the past. It gets updated once a year, using data that can be 12 to 18 months old by the time it lands in your mailbox. A lot changes in that time.

The HonestDoor Price updates in real time using actual transaction data. Right now, the average HonestDoor Price for houses in Summerwood is $633,246 - up 1.27% from the previous period. That is a live number, not a government estimate that was calculated before last winter. For condos, the HonestDoor Price is $2,050,974, up 4.39%.

Why does this gap matter? Because if you are pricing a listing, negotiating a sale, or just trying to understand what your biggest asset is actually worth today - the HonestDoor Price is your real-world check. It reflects what buyers are actually paying right now, not what an assessor guessed last year.

Summerwood also holds the number 1 total transaction rank in Sherwood Park for both houses and condos. That means more deals are happening here than anywhere else in the area. More transactions mean better data - and a more accurate HonestDoor Price for your specific property.

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

If you own a house in Summerwood and you are thinking about listing this summer, the window is open - but it is not wide open. Buyers are paying just under list price, homes are moving at a reasonable pace, and the HonestDoor Price of $633,246 gives you a solid anchor for what the market will actually bear. The key word is pricing it right from day one. Overpriced homes in a below-average growth market sit. And sitting costs you money.

If you own a condo, the honest answer is that this summer is tougher. Prices are down, days on market are up, and nearby neighbourhoods are outperforming us. That does not mean you cannot sell - it means you need to price aggressively and make sure your listing stands out. Check your HonestDoor Price before you set a number with your agent.

For anyone holding Summerwood real estate as an investment, the house rental yield of 5.41% is genuinely strong. At an average rent estimate of $3,002 per month, the income story here is better than the appreciation story right now. That is worth knowing if you are deciding whether to sell or hold.

Bottom line - Summerwood is one of the most active neighbourhoods in Sherwood Park by transaction volume. That activity creates opportunity. But in a market sending mixed signals, the homeowners who move smart are the ones who know their real numbers before everyone else does.

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.