Sylvan Lake Market Update
Sylvan Lake Real Estate Market Update: November 2026
· @Ben James
Fewer homes sold in Sylvan Lake this October than last, but prices went up. The average sold price was $446,033, up 5.6%, while sales dropped about 27%.
Every figure below is for residential property in the Town of Sylvan Lake, October 1 to 31, from Pillar 9 MLS® data.
October 2026 vs October 2025
|
Measure |
October 2025 |
October 2026 |
Change |
|---|---|---|---|
|
Homes sold |
41 |
30 |
-26.8% |
|
Average sold price ($) |
422,490 |
446,033 |
+5.6% |
|
Average days on market, sold |
44 |
50 |
6 days slower |
|
Listings expired |
12 |
13 |
+8.3% |
|
Listings terminated |
13 |
19 |
+46.2% |
Source: Pillar 9 MLS® Inventory Counts Reports, Town of Sylvan Lake, residential, October 2025 and October 2026.
What it tells you: fewer buyers, but the homes that sold went for more. Sylvan Lake is a smaller market, so a few sales can move the averages.
If you're selling
- Price to recent sales, not to hope. In October, expired listings sat 156 days on average and were priced about $93,600 higher than homes that sold.
- Prices are holding. Homes that sold went for 5.6% more than last October.
- Expect a little more time. Sold homes took 50 days on average, 6 more than last year.
Curious what your home would sell for today? Get a free home valuation [VERIFY link].
If you're buying
- Less competition this winter. With fewer sales, buyers often have more time to decide.
- Prices are not dropping. Don't wait for a discount that may not come.
- Get pre-approved first. Rates and rules change. Confirm your numbers with a mortgage broker before you book showings.
Questions about Sylvan Lake? Call or email me for a straight answer.
Ben James, REALTOR® KIC Realty 403-396-1290 | Ben.james@kicrealty.com Lakefront listings: LakeLifeAlberta.ca
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