The Ridge, Sherwood Park - July 2026 Real Estate Report

The Ridge, Sherwood Park: Your Neighbour Just Asked If Now Is a Good Time to Sell

If you live in The Ridge and you have been quietly wondering what your home is actually worth right now, you are not alone. The market here is doing something interesting - and the answer depends a lot on whether you own a house or a condo. Let us break it down.

The Vibe: Houses vs. Condos in The Ridge

Houses - Strong Bones, But Taking a Breather

We have seen house prices pull back a bit. The average sale price for houses in The Ridge sits at $642,562, which is down 8.5% from last month. Listings are averaging $614,801. That sounds like a cooling story, and it partly is - but here is the twist. Buyers are still paying above asking. Properties are selling at 102.32% of list price on average. That means if you price it right, buyers are still competing for your home.

The catch? Only 8 houses sold last month, down 20% from the month before, and homes are sitting for about 20 days on average. That is a touch slower than nearby Regency Park at 18 days. The market is not cold - it is just catching its breath.

• Average sale price: $642,562 (down 8.5% from last month)
• Average list price: $614,801
• Price per square foot: $430
• Sale-to-list ratio: 102.32% - buyers are paying over asking
• Average days on market: 20 days
• Properties sold this month: 8
• Rental yield: 5.23% - that is a strong return for investors
• Estimated monthly rent: $3,325

On the neighbourhood leaderboard, houses in The Ridge rank 9 out of 54 Sherwood Park neighbourhoods for growth rate. Top 20% in the city. That is not a number to ignore.

Condos - The Priciest in the Area, But Softening

Condos in The Ridge are a different story. We only saw 1 condo sell recently, so take the data with some context - but what we do know is telling. The average condo sale price hit $650,000, and The Ridge holds the number 1 price rank out of 21 comparable neighbourhoods in Sherwood Park. We are at the top of the condo price ladder here.

The flip side? Buyers paid 96.44% of list price, meaning they negotiated below asking. Condos are sitting for 30 days on average, longer than nearby Regency Park at 18 days. The predicted market value is trending slightly down at $588,712, compared to a 3-month average of $595,689. This is a buyers' market for condos right now.

• Average sale price: $650,000
• Average list price: $569,900
• Price per square foot: $464
• Sale-to-list ratio: 96.44% - buyers are negotiating room
• Average days on market: 30 days
• Estimated monthly rent: $2,900
• Rental yield: 3.67%
• Price rank: 1 out of 21 neighbourhoods - most expensive condos in the comparison set

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

Here is something most homeowners in The Ridge do not realize. Your city assessment was calculated using data that is already months - sometimes over a year - old by the time it lands in your mailbox. It is a snapshot of the past, not a picture of today.

The HonestDoor Price is updated in real time using actual sales, current listing activity, and live market signals. Right now, the HonestDoor Price for houses in The Ridge is $679,892. The predicted market value for houses is $706,858. Those two numbers together tell you something your tax notice never will - where your home sits in a market that is actively moving.

For condo owners, the HonestDoor Price is $605,318, up 2.82% from the previous period - even as the predicted value shows a slight dip. That gap is exactly why you want a real-time number, not a government estimate that cannot keep up with what is happening on your street this month.

Think of the HonestDoor Price as the real-world check. Your assessment tells you what the city thinks your home was worth. HonestDoor tells you what a buyer might actually pay today.

The So What - Should You Sell in The Ridge This Summer?

If you own a house in The Ridge, the honest answer is: conditions are still in your favour, but the window may be narrowing. Buyers are paying over asking right now, which is a genuine advantage. But with sales volume dropping and prices pulling back from recent highs, the peak of this particular cycle may already be behind us. Selling sooner rather than later - and pricing strategically - gives you the best shot at catching buyers who are still willing to stretch.

If you own a condo in The Ridge, patience is your friend right now - unless you need to move. Buyers have the upper hand in condo negotiations at the moment. If you do list, know that you are sitting in the most expensive condo neighbourhood in the comparison set. That prestige is real, but it also means your buyer pool is smaller. Price it tight and market it hard.

Either way, the first step is knowing your actual number. Check your HonestDoor Price before you call an agent, before you renovate, and before you assume your tax assessment tells the whole story. In a market moving this fast, the most expensive mistake you can make is working off old data.

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.