Silver Springs, Calgary - July 2026 Real Estate Report

Silver Springs, Calgary: Your Neighbour Just Got a Better Price Than the City Thinks

If you own a home in Silver Springs and you're still looking at your city assessment to figure out what your place is worth, you're leaving money on the table. The city's numbers are a snapshot from the past. The market right now is a different story - and it's one worth reading before you make any moves this summer.

The Vibe: What's Actually Happening on Our Streets

Houses

Here's the honest picture for houses in Silver Springs right now. The average sale price sits at $737,556 this month, and yes, that's down 16.7% from last month. Before you panic, keep in mind that one slow month doesn't erase a neighbourhood's fundamentals - and Silver Springs has strong ones. The HonestDoor Price for houses is tracking at $778,231, which is up 0.48% from the previous period. That gap between what sold and what the market says things are worth tells us we're in a moment where buyers have a little breathing room, but sellers who price right are still closing deals.

Properties are moving in an average of 13 days. That's not slow - that's actually ranked 14th out of 76 comparable neighbourhoods in Calgary for speed. Scenic Acres next door is moving at 9 days, so there's a slight edge there, but we're still in fast-selling territory. Nine homes sold this month, and they closed at 99.64% of list price. Buyers are getting a small discount, but sellers aren't getting crushed. The market is taking a breather, not falling off a cliff.

• Average HonestDoor Price (Houses): $778,231
• Average Sale Price This Month: $737,556
• Average List Price This Month: $766,666
• Price Per Square Foot: $555
• Average Days on Market: 13
• Properties Sold This Month: 9
• Sale-to-List Ratio: 99.64%
• Estimated Monthly Rent: $3,541
• Rental Yield: 5.10%
• Growth Rank: 80 out of 233 Calgary neighbourhoods - above average

Condos

The condo side of Silver Springs is a smaller market - only 1 sale this month and 6 total transactions in 2026 so far. With numbers that thin, a single sale can swing the average dramatically, which explains the 40.7% month-over-month drop in average sale price to $286,350. Don't read too much into that one number. The HonestDoor Price for condos is $564,937, and the 3-month predicted value is $588,095 - both sitting well above the city's assessed average of $357,424. That's a massive gap, and it matters.

Condos here are ranked 23rd out of 173 Calgary neighbourhoods by price - meaning we're sitting among the most expensive condo markets in the city. They're also selling in 24 days on average, which is faster than Ranchlands at 36 days. The rental yield comes in at 3.96%, which is moderate but still meaningful if you're holding a condo as an investment.

• Average HonestDoor Price (Condos): $564,937
• Average Sale Price This Month: $286,350
• Average List Price This Month: $345,000
• Price Per Square Foot: $222
• Average Days on Market: 24
• Properties Sold This Month: 1
• Sale-to-List Ratio: 98.12%
• Estimated Monthly Rent: $2,357
• Rental Yield: 3.96%
• Growth Rank: 52 out of 216 Calgary neighbourhoods - above average

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

The city assessed the average Silver Springs house at $769,352. The HonestDoor Price says $778,231. That's a difference of nearly $9,000 - and for condos, the gap is even wider. The city's assessed value for condos sits at $357,424 while the HonestDoor Price is $564,937. That's not a rounding error. That's a 58% difference.

City assessments are calculated once a year using data that's already months old by the time it lands in your mailbox. The HonestDoor Price pulls from real-time sales, current listing activity, and live market signals. It's the difference between a photo from last year and a live video feed of your street right now. If you're making a financial decision - whether to sell, refinance, or just understand your net worth - the HonestDoor Price is the real-world check you need.

Silver Springs also holds its own on the neighbourhood leaderboard. Out of 2,845 properties assessed this year, houses here rank 90th out of 220 Calgary neighbourhoods by price - solidly above average. That's not a fluke. That's a neighbourhood with staying power.

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

If you're a house owner in Silver Springs eyeing a summer sale, here's the straight talk. The market is softer than it was a few months ago - prices dipped this month and buyers are getting just under list price. But the fundamentals haven't broken. Homes are still selling in under two weeks, the HonestDoor Price is holding above the city assessment, and the predicted market value of $774,504 is trending up from the 3-month moving average of $761,870. That upward trend is your friend if you're patient.

Price it right and you'll sell fast. Overprice it and you'll sit. The 99.64% sale-to-list ratio tells us buyers are informed and not overpaying - so don't test them. Use your HonestDoor Price as your anchor, not your city assessment, and not what your neighbour thinks their place is worth.

For condo owners, the story is similar but with a smaller buyer pool. Only 6 transactions in Silver Springs condos so far in 2026. That means timing and pricing matter even more. The good news is that at rank 23 out of 173 for price in Calgary, Silver Springs condos carry real prestige in the market. If you're selling, lean into that positioning.

Bottom line - Silver Springs is not a neighbourhood in trouble. It's a neighbourhood catching its breath after a busy run. If you're thinking about making a move, check your HonestDoor Price today. It's the most current read on what your home is actually worth - not what the city guessed six months ago.

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.