Sunnybrook South, Red Deer - July 2026 Real Estate Report

Sunnybrook South, Red Deer: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city tax assessment and wondering if it still reflects reality, the short answer is: probably not. Here's what's actually happening on the ground in Sunnybrook South right now.

The Vibe: What the Market Is Telling Us

We're seeing two pretty different stories play out depending on what type of property you own in Sunnybrook South. Let's break it down.

Houses: Pricey, But Moving Slower Than You'd Think

The average sale price for houses hit $801,150 this month - that's up 9.7% from last month, which sounds exciting. But here's the nuance: listings are averaging $529,000, and homes are selling at 99.24% of list price. Buyers are getting a slight edge at the negotiating table, and properties are sitting for an average of 36 days before selling. That's not a red-hot frenzy - it's a measured market.

• Average HonestDoor Price: $666,384 (up 1.92%)
• Average sale price this month: $801,150
• Current listings average: $529,000
• Price per square foot: $408
• Average days on market: 36
• Properties sold this month: 4
• Sale-to-list ratio: 99.24%
• Estimated monthly rent: $2,988
• Rental yield: 5.41% - that's a strong return
• Growth rank: 54 out of 80 neighbourhoods in Red Deer
• Price rank: 4 out of 58 - we're near the top of the city for home values

On the neighbourhood leaderboard, houses in Sunnybrook South rank 54th out of 80 for growth. That puts us in below-average territory for appreciation speed. But flip that around - we rank 4th out of 58 for price. This is one of the most expensive pockets in Red Deer. High price, slower growth. That's the trade-off right now.

Compare us to the neighbours: Sunnybrook Extension is sitting at a predicted value of $710,900, which is slightly above our house predicted value of $655,605. Not a massive gap, but worth knowing if you're thinking about where the upside is.

Condos: A Different Animal Entirely

Condo numbers in Sunnybrook South are in a completely different league. We're talking an average HonestDoor Price of $3,098,950 - up 1.05% - with a predicted market value of $3,066,900. That 3-month moving average sits at $2,945,300, meaning values are climbing in the right direction.

• Average HonestDoor Price: $3,098,950 (up 1.05%)
• Predicted market value: $3,066,900
• 3-month moving average: $2,945,300
• Recent value change: up 4.26%
• Estimated monthly rent: $8,260
• Rental yield: 2.46% - moderate, not spectacular
• Airbnb potential: $410 per night
• Airbnb rank in Red Deer: 19th - solid short-term rental positioning
• Growth rank: 39 out of 73 neighbourhoods

On the condo leaderboard, we rank 39th out of 73 for growth - below average, but the 4.26% recent value change suggests things are picking up. The rental yield of 2.46% is moderate, so if you're holding a condo here as an investment, the short-term rental angle at $410 a night is worth a serious look.

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

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual transaction data and current market signals. It's the real-world check against a number that was calculated months ago using old comparables.

For houses in Sunnybrook South, the HonestDoor Price is $666,384. The predicted market value for houses sits at $655,605. Those two numbers are close - and that alignment tells you the data is grounded. Your city assessment? It may not be anywhere near either of those figures. Checking your HonestDoor Price takes two minutes and gives you a current read, not a historical one.

For condo owners, the gap between the HonestDoor Price ($3,098,950) and the 3-month moving average ($2,945,300) shows upward momentum. If your assessment was set before that move, you could be sitting on more equity than you realize.

The So What: Should You Sell This Summer?

If you own a house in Sunnybrook South and you've been on the fence, here's the honest read. You're in one of Red Deer's top-priced neighbourhoods - 4th out of 58. That's real leverage. But growth is ranked 54th out of 80, which means the appreciation train isn't running at full speed. Selling into a market where buyers are still paying 99.24% of list price is not a bad position. You're not leaving a ton on the table.

The 36-day average days on market means you need to price it right from day one. Overpricing in a slower-moving market is the fastest way to watch your listing go stale. With only 4 houses sold this month, competition among sellers is low - that's actually a good thing if you're the one listing.

For condo owners, the 4.26% recent value increase and a rising predicted value suggest holding a little longer could pay off. But if you need to move, the short-term rental demand (Airbnb rank 19th in Red Deer) means buyers with investment intentions are likely watching this neighbourhood.

Bottom line: pull your HonestDoor Price before you do anything else. Know your number. Then decide.

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.