The Ridge, Sherwood Park - August 2026 Real Estate Report

The Ridge, Sherwood Park: What Your Neighbours Are Not Telling You About Home Prices Right Now

If you live in The Ridge and you have been quietly wondering whether your home is worth more than the city thinks - the answer is probably yes. Here is the real picture, broken down so it actually makes sense for your wallet.

The Vibe: What Is Happening on Our Streets

Houses in The Ridge

We are in an interesting spot right now. The average sale price for houses hit $716,417 this month, which is up 11.5% from last month. That is a big jump. But before you pop the champagne, here is the nuance - only 6 houses sold, down 25% from the month before, and the HonestDoor Price is sitting at $680,252. The predicted market value is $679,892, which is actually drifting slightly below the 3-month moving average of $685,368.

What does that mean for us? Fewer homes are selling, but the ones that do are moving at strong prices. Buyers are paying 99.78% of list price - basically full ask. Properties are sitting for an average of 19 days, which is a day longer than nearby Regency Park. The market is not stalling, but it is taking a breather.

• Average HonestDoor Price: $680,252 (up 0.05%)
• Average sale price this month: $716,417
• Price per square foot: $380
• Average days on market: 19
• Properties sold in 2026: 41
• Rental yield: 5.28% - that is a strong return
• Estimated monthly rent: $3,232
• Neighbourhood leaderboard - growth rank: 44 out of 54 (bottom tier)
• Neighbourhood leaderboard - price rank: 3 out of 32 (near the top)

The honest takeaway on houses: we are among the priciest neighbourhoods in Sherwood Park, but growth has slowed. Values have dipped 3.81% recently. If you are a landlord or thinking about becoming one, a 5.28% rental yield is genuinely solid and worth paying attention to.

Condos in The Ridge

The condo picture is thinner in terms of data - only 1 unit sold this month - so take the numbers with some context. That said, the one that did sell went for $650,000, which is well above the current average listing price of $569,900. Buyers paid 96.44% of list price, and the unit sat on the market for 30 days, longer than the Regency Park average of 18 days.

The HonestDoor Price for condos here is $590,113, down 2.51% from the previous period. But the predicted market value of $605,318 is actually creeping up past the 3-month moving average of $600,231 - a small but positive signal.

• Average HonestDoor Price: $590,113 (down 2.51%)
• Average sale price this month: $650,000
• Price per square foot: $464
• Average days on market: 30
• Estimated monthly rent: $2,904
• Rental yield: 3.63% - moderate
• Neighbourhood leaderboard - growth rank: 14 out of 37 (above average)
• Neighbourhood leaderboard - price rank: 1 out of 21 (the most expensive in Sherwood Park)

Condos here are the priciest in Sherwood Park by rank, and growth is actually above average compared to other condo neighbourhoods. One sale is not a trend, but the direction is not bad.

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

Here is the thing about your city assessment - it is a snapshot from months ago, built on broad formulas. It does not know that your neighbour just renovated their kitchen, or that buyer demand shifted last quarter. It is a rear-view mirror.

The HonestDoor Price is updated in real time, using actual transaction data from The Ridge and surrounding streets. Right now, for houses, that number is $680,252. For condos, it is $590,113. These are not guesses - they are calculated from what buyers are actually paying in our neighbourhood today.

If you are making any financial decision - refinancing, listing, or just figuring out your net worth - your HonestDoor Price is the number to start with. Not the assessment notice sitting in your junk drawer.

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

If you own a house in The Ridge and you are thinking about listing this summer, here is the straight talk. Prices are high - we rank 3rd out of 32 comparable neighbourhoods in Sherwood Park for price. Buyers are still paying close to full list. But growth has cooled, values are down 3.81% recently, and fewer homes are selling. The window is open, but it is not getting wider.

Timing matters. Listing while prices are still near the top of the Sherwood Park leaderboard - before any further softening - is a smarter move than waiting to see if the growth rank climbs back up from 44 out of 54.

For condo owners, the story is a bit different. You own the most expensive condo product in Sherwood Park by rank, and the predicted value is nudging upward. If you are not in a rush, the short-term trend is slightly in your favour. But 30 days on market means you need to price it right from day one - buyers here are not in a panic.

Bottom line: check your HonestDoor Price before you call an agent, before you set a number, and before you assume the city assessment tells the whole story. In The Ridge right now, knowing your real number is the edge.

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.