Summerwood, Sherwood Park - July 2026 Real Estate Report

Summerwood, Sherwood Park: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Summerwood and you haven't looked at your HonestDoor Price lately, now is the time. The market here is shifting, and the gap between what the city thinks your home is worth and what buyers are actually doing is getting interesting. Here is the straight story.

The Vibe: What is Actually Happening in Our Neighbourhood

We are seeing two very different stories play out in Summerwood right now, depending on whether you own a house or a condo. Let us break it down.

Houses - Taking a Breather

The house market in Summerwood is cooling off. Prices are down, homes are sitting a bit longer, and buyers have a little more room to negotiate. But "cooling" does not mean "crashing." Here is the snapshot:

• Average sale price: $532,835 - down 4.5% from last month
• Average listing price this month: $530,100
• Price per square foot: $330
• Homes sold for 99.98% of list price - buyers are paying just under asking
• 26 homes sold - down 7.1% from last month
• Average days on market: 22 days
• Rental yield: 5.37% - that is a strong return if you are thinking about renting
• Estimated monthly rent: $3,053
• Neighbourhood leaderboard - growth rank: 25 out of 54 in Sherwood Park (above average)
• Price rank: 14 out of 32 in Sherwood Park (above average)

That 22-day average is worth paying attention to. Homes in nearby Aspen Trails are moving in 12 days. Ours are taking almost twice as long. That tells us buyers have options right now, and they know it. If your house is priced even slightly off, it will sit.

The good news? The HonestDoor predicted market value for houses sits at $646,165 - up from the 3-month moving average of $633,446. So while the recent sale prices are softer, the forward-looking data is pointing upward. That gap matters if you are deciding when to list.

Condos - A Smaller Market With Big Numbers

The condo side of Summerwood is a different animal. Only 6 condos sold this period, so we are working with a thinner slice of data. But here is what we are seeing:

• Average sale price: $317,351 - up 8.6% from last month
• Average listing price this month: $320,185
• Price per square foot: $263
• Properties sold for 99.12% of list price
• Average days on market: 33 days
• Estimated monthly rent: $6,148
• Rental yield: 2.93% - moderate returns
• HonestDoor predicted value: $1,966,512
• 3-month moving average: $2,010,316 - values are dipping slightly
• Neighbourhood leaderboard - growth rank: 23 out of 37 in Sherwood Park (below average)
• Price rank: 13 out of 21 in Sherwood Park (below average)

Condo values here have shifted by -6.08% recently, and the predicted value is trending below the 3-month average. The market is slower to move condos right now - 33 days on market and a below-average growth rank tells us buyers are being selective. If you own a condo in Summerwood, pricing it sharp from day one is not optional, it is essential.

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for a 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 prices in Summerwood dropped 4.5% last month. It does not know that condo values are trending below their 3-month average. It is basically a photo of a market that no longer exists.

The HonestDoor Price is updated in real time. For houses in Summerwood, the average HonestDoor Price is $625,322. For condos, it is $1,964,688. These numbers are recalculated as the market moves - not once a year, not once a quarter. Right now.

If you are a homeowner in Summerwood and you are making any financial decision - refinancing, selling, even just understanding your net worth - your government assessment is the wrong number to use. Your HonestDoor Price is the real-world check. Pull it up before you call your bank or your realtor.

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

If you own a house in Summerwood and you are thinking about listing this summer, here is the honest take:

• The market is softer than it was. Buyers know it, and they are negotiating accordingly.
• Homes are sitting 22 days on average - nearly double what is happening in Aspen Trails right now.
• But Summerwood still ranks above average for both price and growth in Sherwood Park. We are not in trouble, we are just not the hottest block on the street at this exact moment.
• The HonestDoor predicted value of $646,165 for houses is climbing above the 3-month average - that is a signal that the floor may be firming up.
• Summerwood ranks 1st in total transactions in Sherwood Park for houses. More sales here than anywhere else. That means real buyer activity, not a ghost town.

The play for sellers this summer is simple: price it right from the start, lean on the HonestDoor Price as your anchor, and do not let a stale city assessment convince you your home is worth more or less than the live market says. Buyers are doing their homework. You should too.

Want to know exactly where your Summerwood property sits right now? Check your HonestDoor Price at HonestDoor.com - it takes about 30 seconds and it is the most current number you will find.

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.