Silver Springs, Calgary - August 2026 Real Estate Report

Silver Springs, Calgary: Your Neighbour Just Sold - Here Is What You Need To Know

If you have been watching the "For Sale" signs in Silver Springs lately, here is the straight story. The market is taking a breather, but this neighbourhood still holds its own against most of Calgary. Whether you own a house or a condo, the numbers right now are worth a close look - especially before you assume your city assessment tells the whole story.

The Vibe: Houses vs. Condos in Silver Springs

Houses - Solid Ground, But Buyers Are Gaining Leverage

We are seeing houses average $685,000 in actual sale prices this month, which is down 7.1% from last month. Listings are sitting at $700,000 on average, and homes are selling for about 97.86% of asking - meaning buyers are successfully negotiating below list price. That is a shift worth noting if you are a seller.

• Average sale price: $685,000
• Average list price: $700,000
• Price per square foot: $527
• Average days on market: 15 days
• Sale-to-list ratio: 97.86%
• HonestDoor predicted value: $778,231
• 3-month moving average: $771,554 (and rising)
• Estimated monthly rent: $3,551
• Rental yield: 5.09%

Here is the encouraging part for us as homeowners - the predicted market value of $778,231 is actually climbing above the 3-month moving average of $771,554. That gap between what homes are selling for right now and what they are predicted to be worth suggests some short-term softness, not a structural problem. Days on market sit at 15, which is slower than nearby Scenic Acres at 9 days, but our growth rank of 68 out of 236 Calgary neighbourhoods puts us solidly in the above-average tier. Think of it as sitting in the top third of the leaderboard.

For context, our average house sale price of $685,000 beats Scenic Acres at $580,000. We are not the cheapest option in the area, and the data says we do not need to be.

Condos - A Trickier Picture Right Now

Our condo market is where we need to be more honest with ourselves. Sale prices are averaging $286,350, while listings are sitting at $345,000. That is a meaningful gap, and it tells us buyers are not meeting sellers where they want to be. Properties are selling at 98.12% of list price, and the predicted value of $564,937 is actually drifting below the 3-month moving average of $577,283.

• Average sale price: $286,350
• Average list price: $345,000
• Price per square foot: $222
• Average days on market: 24 days
• Sale-to-list ratio: 98.12%
• HonestDoor predicted value: $564,937
• 3-month moving average: $577,283 (and declining)
• Estimated monthly rent: $2,327
• Rental yield: 3.97%
• Recent value change: -3.94%

The condo growth rank of 170 out of 216 puts us in the below-average range on the Calgary leaderboard right now. That said, our condos are still selling faster than Ranchlands (24 days vs. 36 days), which shows there is demand - just not at the prices some sellers are hoping for. If you own a condo here, the HonestDoor Price of $571,479 is actually 59.89% above the average assessed value in Calgary, which is a significant gap worth understanding before you make any moves.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not know what happened in the market last month, last week, or yesterday. The average assessed value for houses in Silver Springs sits at $769,352. The HonestDoor Price for houses is $766,424. Those numbers are close, which actually tells you something useful - the assessment is not wildly off for houses this time around.

But for condos, the story is completely different. The average assessed value is $357,424, while the HonestDoor Price is $571,479. That is a 59.89% difference. If a condo owner here is making decisions - whether to sell, refinance, or even just understand their net worth - based on that assessed value, they are working with a number that is dramatically out of step with reality.

The HonestDoor Price updates in real time using actual transaction data. It is the real-world check that your annual assessment simply cannot provide. With 2,845 properties assessed across Silver Springs and 95 total transactions recorded in 2026, there is enough market activity here to make that live estimate genuinely meaningful.

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

If you own a house in Silver Springs and are thinking about listing this summer, here is the honest take. The short-term data shows some cooling - prices are down month-over-month and buyers are negotiating. But the predicted value is trending upward, rental yields are strong at 5.09%, and we rank above average in Calgary for growth. This is not a market in trouble. It is a market asking sellers to be realistic on price from day one.

Homes that are priced right are still moving in 15 days. Homes that are not will sit, and in a market where buyers have options, sitting is expensive.

If you own a condo, summer 2025 requires more patience and more strategy. The predicted value is sliding, growth ranks are below average, and the gap between list prices and sale prices tells you buyers know they have leverage. That does not mean you cannot sell - it means you need to price ahead of the trend, not behind it.

• Houses: Price sharp, move fast - the predicted value supports a strong ask if you are realistic
• Condos: Do not anchor to your assessed value - check your HonestDoor Price first
• Both: Silver Springs ranks 48th in Calgary for total transactions - this neighbourhood trades, which means liquidity is real
• Rental fallback: At $3,512 per month average rental estimate, holding and renting is a legitimate option if the sale price does not meet your number

Bottom line - Silver Springs is not a neighbourhood in decline. It is a neighbourhood where smart pricing wins right now. Check your HonestDoor Price, know where you actually stand, and make your move with real numbers in hand.

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.