If you own a condo in Sunrise Village and you haven't checked your actual market value lately, here's the honest picture. The average sale price is sitting at $365,000, with listings coming in around $368,000. That gap is tiny, which tells you buyers and sellers are pretty much eye-to-eye on value. Properties are moving in an average of 9 days. That's not a slow market - that's a market with real demand.
The one thing worth noting: buyers are landing deals just under list price, with homes closing at 99.18% of asking. We're not talking big discounts here. A few hundred bucks off a $365,000 condo is barely a rounding error. This is a stable, balanced market - not a fire sale, not a frenzy.
Here's a stat worth putting on the fridge. Out of 18 condo neighbourhoods tracked in Stony Plain, Sunrise Village ranks 2nd on price. That means we're sitting near the top of the market in this city. On days-on-market, we rank 2nd out of 15 - meaning condos here sell faster than almost everywhere else locally. Growth rate comes in at 11th out of 32, which puts us in the above-average tier. Not leading the pack, but comfortably ahead of the middle.
For context, nearby St. Andrews has an average HonestDoor Price of $289,322 - that's a significant step down from what we're seeing in Sunrise Village. Sandstone Estates and South Business Park are in a completely different price category, so comparing to them is a bit like comparing a sedan to a pickup truck. Different buyers, different use cases.
Your city assessment is a snapshot from months ago, based on broad data, and it gets updated once a year. A lot can change in that time. The HonestDoor Price is a real-time estimate built on current sales activity - and right now it's telling a slightly different story than your assessment might be.
The average HonestDoor Price for condos in Sunrise Village is $369,035. The predicted market value is $371,435. Compare that to the 3-month moving average of $372,114, and you can see values are taking a small breather - down 0.65% from the previous period. That's not alarming. But it does mean the window for peak pricing may be tighter than it was a few months ago.
If you're relying on last year's assessment to know what your place is worth, you're working with stale information. The HonestDoor Price is the real-world check that keeps you current.
If you've been sitting on the fence about listing your Sunrise Village condo, here's the straight talk. The market is working in your favour right now - but the momentum is modest, not explosive. Values are essentially flat, and the slight dip in the HonestDoor Price suggests we're not in a runaway seller's market.
The good news: 9 days on market is fast. Buyers are active. And at 99.18% of list price, you're not going to be chasing lowball offers. Price it right and you'll move it quickly.
On the rental side, if selling isn't the plan, the numbers still work. Estimated rent comes in at $1,955 per month with a rental yield of 4.07%. That's a moderate but real return - not flashy, but steady.
Bottom line - if you're thinking about selling this summer, the conditions are decent. Don't wait for the market to get better if you don't need to. Check your HonestDoor Price today, price sharp, and let those 9-day sales work for you.
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.