The Ridge, Sherwood Park - September 2026 Real Estate Report

The Ridge, Sherwood Park: Your Neighbour Just Got a Better Price Than You Think

If you own a home in The Ridge and the last number you checked was your city assessment, you are probably sitting on a stale figure. Here is what is actually happening on the street right now.

The Vibe: What the Market is Doing

Houses in The Ridge

We are in interesting territory. The average sale price for a house here sits at $741,000, up 3.4% from last month. That is real money moving in the right direction. Listings are averaging $717,933, and homes are selling at 99.78% of list price - buyers are paying almost exactly what sellers are asking. That is a tight spread, and it tells us sellers still have leverage.

• Average sale price: $741,000 (up 3.4% month over month)
• Average list price: $717,933
• Price per square foot: $376
• Sale-to-list ratio: 99.78%
• Average days on market: 19 days
• Properties sold this month: 2

The one thing worth watching - homes here are sitting one day longer than in nearby Regency Park (18 days). Not a red flag, but a signal the market is taking a small breather. Volume is thin at 2 sales this month, so every transaction moves the needle. Do not read too much into a single slow week.

On the neighbourhood leaderboard, The Ridge ranks 4 out of 32 for price among comparable Sherwood Park neighbourhoods. That puts us near the top of the price table. Growth rate ranks 39 out of 53 - below average for now, but price strength is the story here, not growth speed.

Condos in The Ridge

The condo picture is a bit more nuanced. One unit sold this month at $650,000, which is actually above the average listing price of $569,900 - and well above what a comparable unit in Foxboro fetched ($539,000). So if you own a condo here, the address is doing real work for you.

• Average sale price: $650,000
• Average list price: $569,900
• Price per square foot: $464
• Sale-to-list ratio: 96.44%
• Average days on market: 30 days
• Properties sold this month: 1

Condos are taking longer to move - 30 days versus 18 days in Regency Park. The recent value change is down 2.51%, and the 3-month moving average is drifting slightly lower at $594,714. On the neighbourhood leaderboard, condo growth ranks 35 out of 37 in Sherwood Park. That is a bottom-of-the-pack number for growth. The saving grace is price rank: 1 out of 21. We are the most expensive condo neighbourhood in the comparison set. High price, slow growth - that is the honest read.

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 taken months ago, sometimes longer. It does not know that house prices in The Ridge just moved up 3.89% according to the HonestDoor Price. It does not factor in what sold last week two streets over.

The average HonestDoor Price for a house in The Ridge is $706,697, up 3.89% from the previous period. For condos, it is $622,793, up 5.54%. These numbers are recalculated in real time using actual transaction data. Your assessment is not.

If you are using your assessment to decide whether to sell, refinance, or even just understand your net worth, you could be working with a number that is thousands of dollars off. The HonestDoor Price is the real-world check against that static government figure. Check yours at HonestDoor before you make any move.

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

For house owners, the timing is decent. Prices are up, buyers are paying close to full ask, and The Ridge sits in the top 15% for price in Sherwood Park. If your home is well-presented, 19 days to a deal is not a long wait. The rental yield on houses is 5.28% - that is a strong number, which means buyers who are investors are paying attention to this neighbourhood too. More demand is good for your asking price.

For condo owners, be realistic. The market is slower here - 30 days on average, and values have dipped slightly in recent months. That said, you own the most expensive condo product in the comparison set, and one unit just sold at $650,000. Price it right and the buyer is out there. Price it with wishful thinking and you will sit.

Either way, the first step is the same - pull your HonestDoor Price today. Know your real number before you call an agent, before you list, and before you leave money on the table.

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.