Silver Springs, Calgary - October 2026 Real Estate Report
Silver Springs, Calgary: What Your Neighbours Aren't Telling You About Home Prices Right Now
If you've been watching the "For Sale" signs in Silver Springs lately, here's what's actually happening. The market is taking a breather. Prices are adjusting, days on market are stretching out, and the gap between what sellers want and what buyers will pay is getting real. That's not doom and gloom - it's just the honest picture, and you deserve to know it before you make any big moves.
The Vibe: Houses vs. Condos in Silver Springs
Houses - A Market Catching Its Breath
We saw only 9 houses sell in Silver Springs this period - down 25% from last month. The average sale price came in at $682,778, which is a notable drop of 17.7% from the previous month. Homes are sitting on the market for an average of 48 days, and buyers are paying about 98.78% of the asking price. Translation: sellers are getting close to their number, but buyers have enough leverage to negotiate a little.
- Average sale price: $682,778 (down 17.7% from last month)
- Average list price: $674,000
- Price per square foot: $501
- Average days on market: 48 days
- Sale-to-list ratio: 98.78%
- Properties sold: 9
- Predicted market value: $771,870
- Estimated monthly rent: $3,528
- Rental yield: 5.10%
That 5.10% rental yield is genuinely strong. If selling isn't the right move right now, renting your Silver Springs house out is a real option worth running the numbers on. On the neighbourhood leaderboard, our house growth rate sits at 96 out of 221 Calgary neighbourhoods - above average, but not leading the pack. Days on market ranks 44 out of 82, which tells us we're on the slower side of the selling curve right now.
Condos - Quiet, Stable, and a Little Surprising
The condo side of Silver Springs is a much smaller story this period - just 1 sale at $321,500. Listings are averaging $345,000, and condos are moving in about 24 days. That's actually faster than houses here, though slower than nearby Ranchlands at 15 days. Buyers paid 98.12% of list price, which signals a stable market rather than a hot one.
- Average sale price: $321,500
- Average list price: $345,000
- Price per square foot: $383
- Average days on market: 24 days
- Sale-to-list ratio: 98.12%
- Properties sold: 8 (2026 total transactions)
- Predicted market value: $564,644
- Estimated monthly rent: $2,327
- Rental yield: 3.98%
On the condo leaderboard, Silver Springs ranks 111 out of 207 Calgary neighbourhoods for growth - below average. The predicted value of $564,644 does edge out nearby Scenic Acres at $549,766, which is a small but real advantage if you're comparing options across the northwest.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing most Silver Springs homeowners don't realize. That assessed value sitting on your tax notice is a snapshot from the past. It doesn't update in real time, and it doesn't reflect what a buyer would actually hand you a cheque for today.
Right now, the average assessed value for a Silver Springs house is $769,352. The HonestDoor Price for the same house is $763,879 - down 1.04% from the previous period. That $5,473 gap might not sound huge, but it matters when you're pricing a listing, negotiating an offer, or deciding whether to refinance. For condos, the story is even more striking - the average assessed value is $357,424, while the HonestDoor Price is $569,327. That's a 59.29% difference. If you're a condo owner making any financial decision based on the assessed value alone, you're working with the wrong number.
The HonestDoor Price is the real-world check. It pulls from actual market activity, not a government formula that gets updated once a year. Check yours before you do anything else.
The "So What?" - Thinking About Selling This Summer?
If you're a Silver Springs homeowner eyeing a summer sale, here's the straight talk.
For houses, the market is softer than it was. Fewer sales, longer days on market, and a price dip this month all point to buyers having more patience than they did six months ago. That doesn't mean you can't sell well - it means you need to price sharp from day one. Overpriced listings are sitting. Correctly priced homes are still moving at nearly 99% of ask.
For condos, the pool of buyers is smaller and the market is quieter. One sale in a period doesn't give us a lot to work with, but the 24-day average and the stable sale-to-list ratio suggest that a well-priced unit can still find a buyer without a long wait.
Compared to nearby neighbourhoods, Bowness is cheaper and growing faster, and Scenic Acres is slightly pricier. Silver Springs holds its own on value, but the window where you could list high and wait for a bidding war has narrowed. This summer, the sellers who win will be the ones who know their real number going in - and that starts with your HonestDoor Price, not last year's assessment.
- House HonestDoor Price: $763,879 (down 1.04%)
- Condo HonestDoor Price: $569,327 (up 0.83%)
- Total house transactions in 2026: 122
- Neighbourhood growth rank (houses): 96 out of 221 Calgary neighbourhoods
- Average rental estimate (house): $3,501 per month
- Average rental estimate (condo): $2,327 per month
Bottom line - Silver Springs is still a solid neighbourhood with real value. But right now, knowing your actual number is the edge. Pull your HonestDoor Price, compare it to what's selling around you, and make your move with clear eyes.
silver springs | calgary | october 2026This 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.