Westboro, Sherwood Park - August 2026 Real Estate Report

Westboro, Sherwood Park: Your Neighbour Just Listed. Here Is What You Need to Know.

If you have been watching the "For Sale" signs in Westboro lately, here is what is actually happening. The market is sending mixed signals, and depending on whether you own a house or a condo, the story is very different. Let us break it down.

The Vibe: Houses vs. Condos

For houses, we are seeing a market that is taking a breather. The average sale price sits at $501,500, up 4.1% from last month, which sounds great on the surface. But dig a little deeper and you will notice homes are sitting for an average of 48 days before selling. Compare that to nearby Woodbridge Farms at 31 days, and it is clear buyers here are taking their time. Homes are also selling at 96.44% of list price, meaning sellers are giving a little ground to close the deal. One property sold this month. That is a thin market.

The good news for house owners? Our growth rate ranks 7 out of 54 neighbourhoods in Sherwood Park. That puts Westboro houses near the top of the leaderboard when it comes to value momentum. The predicted market value for houses is $984,090, up from a 3-month moving average of $959,681. The direction is right, even if the pace is slow.

For condos, the numbers look eye-catching. The average HonestDoor Price is $8,921,677, up 7.81% from the previous period. Rental estimates come in at $15,154 per month. These are not typical condo figures, and they likely reflect a very small number of high-value units skewing the average. The predicted market value of $8,275,324 is actually sitting below that 3-month moving average of $8,394,918, which tells us the short-term trend is softening even as the longer-term number looks strong. Condo growth ranks 23 out of 37 comparable neighbourhoods - solidly middle of the pack.

• House average sale price: $501,500 (up 4.1% month over month)
• House predicted market value: $984,090
• House price per square foot: $385
• House average days on market: 48
• House rental yield: 5.12%
• House growth rank: 7 out of 54 in Sherwood Park
• Condo average HonestDoor Price: $8,921,677 (up 7.81%)
• Condo predicted market value: $8,275,324
• Condo rental estimate: $15,154 per month
• Condo growth rank: 23 out of 37 in Sherwood Park

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

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that house values in Westboro have moved 3.44% recently. It does not factor in what buyers are actually paying on the street today.

The HonestDoor Price is updated in real time using actual transaction data, current listings, and market movement. For houses, that number is sitting at $973,530. For context, the predicted market value for houses is $984,090 - and that figure is climbing above the 3-month average. If you are making any financial decision based on what the city told you your home was worth last year, you are working with old information. The HonestDoor Price is the real-world check that keeps you current.

Nearby, homes in Woodbridge Farms are averaging $477,878, Village on the Lake at $524,699, and Broadmoor Estates at $570,645. Westboro houses are priced well above all three. That gap matters when you are thinking about equity, refinancing, or timing a sale.

The So What: Should You Sell This Summer?

If you own a house in Westboro and you have been thinking about listing this summer, here is the honest take. You are sitting on strong equity - the HonestDoor Price of $973,530 and a growth rank of 7 out of 54 neighbourhoods are real advantages. But the market is not on fire right now. Homes are taking 48 days to sell and buyers are negotiating below list price. That means your listing price has to be sharp from day one. Overpricing will cost you time, and time on market hurts your leverage.

The rental yield of 5.12% is worth noting too. If your timeline is flexible, holding and renting is a genuinely competitive option right now. At $3,845 per month in estimated rent, the numbers work for patient owners.

For condo owners, the picture is less clear-cut. Values are strong but the short-term trend is softening. If you are thinking about selling, watch the next 60 days closely and check your HonestDoor Price regularly - it will tell you faster than any assessment whether the window is opening or closing.

Bottom line: Westboro is not a market to panic in or get overconfident about. Know your number, price it right, and move with the data - not your neighbour's opinion.

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.