Village on the Lake, Sherwood Park - October 2026 Real Estate Report
Village on the Lake, Sherwood Park: Homes Are Selling Fast - But Prices Are Holding Steady
The Vibe Right Now
If you've been watching the "For Sale" signs around Village on the Lake lately, here's what's actually happening. The market is moving quickly - we're talking an average of just 7 days on market. That's not a typo. When homes here go up, they go fast. And the buyers showing up? They're serious. The average sale price hit $552,750 this month, and homes sold for 101.15% of list price on average. That means buyers are paying over asking. That's a sellers' market, plain and simple.
Only 2 houses sold this month, which is down from last month, so the sample is small. But the signal is clear - when a home is priced right in our neighbourhood, it doesn't sit around collecting dust.
- Average sale price: $552,750 (up 48.9% from last month)
- Average list price: $479,989
- Sale-to-list ratio: 101.15% - buyers paid above asking
- Average days on market: 7
- Price per square foot: $358
- Properties sold this month: 2
The Neighbourhood Leaderboard - Where We Actually Stand
Let's be straight with you. Village on the Lake ranks 44 out of 51 neighbourhoods in Sherwood Park for price growth. That puts us near the bottom of the leaderboard on that one metric. But here's the flip side - our days-on-market rank is 3 out of 24. That's near the top. Homes here sell faster than almost anywhere else in Sherwood Park. We're not the flashiest neighbourhood on the growth chart, but we're one of the easiest places to actually close a deal.
- Growth rank: 44 out of 51 in Sherwood Park - room to climb
- Days-on-market rank: 3 out of 24 - near the top for speed
- Price rank: 20 out of 32 - below average in price compared to Sherwood Park
- Total transaction rank: 16 in Sherwood Park - decent activity
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on broad formulas. It doesn't know what your neighbour's house just sold for last week. The HonestDoor Price does.
Right now, the average HonestDoor Price for homes in Village on the Lake sits at $523,702. The predicted market value for houses specifically is $525,202 - and that number is trending upward from the 3-month moving average of $521,890. That's a real-time read on what your home is worth today, not what a government spreadsheet guessed six months ago.
If you're a homeowner here and you haven't checked your HonestDoor Price recently, you're flying blind. Your assessment and your actual market value are two different numbers - and right now, the gap matters.
- Average HonestDoor Price: $523,702 (down a slight 0.29% from last period)
- Predicted market value for houses: $525,202
- 3-month moving average: $521,890 - values are creeping up
- Recent value change: 0.10%
The "So What?" - Should You Sell This Summer?
If you're thinking about listing this summer, the conditions are working in your favour right now. Homes are selling in a week. Buyers are paying over list price. Inventory is low enough that a well-priced home gets attention fast.
The rental picture also tells a story worth knowing. The average rental estimate here is $2,583 per month, with a rental yield of 5.58%. That's a strong return. It means buyers who can't quite afford to live here yet are still motivated to own here as an investment. That keeps demand healthy even when the broader market takes a breather.
The honest take - Village on the Lake isn't leading the pack on price growth right now. But it's a neighbourhood where deals actually happen, and they happen quickly. If your plan is to sell, price it right and move with confidence. The buyers are there.
- Average rental estimate: $2,583 per month
- Rental yield: 5.58% - strong for investors
- Airbnb estimate: $128 to $129 per night
- Airbnb rank: 45 in Sherwood Park
- Total transactions in 2026: 29
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.