Silver Springs, Calgary - September 2026 Real Estate Report

Silver Springs, Calgary: Your Neighbour Just Got a Surprise on Their Assessment

If you own a home in Silver Springs and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment and what buyers are actually paying are two different conversations - and right now, the gap tells an interesting story.

The Vibe: What's Happening on Our Streets

Houses

Our detached homes are the headline act. The average sale price hit $829,208 this month - up 21.1% from last month. That's a big jump. Before you pop the champagne, listings are averaging $676,267, which tells us the homes that are actually closing are the nicer, higher-end ones. It's a selection effect, not a blanket price surge across every house on every block.

• Average sale price: $829,208 (up 21.1% from last month)
• Average list price: $676,267
• Price per square foot: $512
• Homes sold for 97.61% of list price - buyers are getting a small discount
• 12 homes sold this month
• Average days on market: 37
• Predicted market value: $766,424
• Rental yield: 5.11%
• Estimated monthly rent: $3,512

The predicted value of $766,424 is actually dipping slightly below the 3-month moving average of $773,053. So while sale prices look strong, the forward-looking model is taking a breather. Days on market at 37 is not lightning fast, but our rank of 36 out of 82 neighbourhoods means we're moving homes faster than most of Calgary. On the growth leaderboard, houses rank 179 out of 238 - that puts us in the below-average tier for price growth right now. Worth knowing before you price too aggressively.

Condos

The condo picture is quieter. One sale this month. That's a thin sample, so take the numbers with some context. The average sale price came in at $321,500, up 12.3% from last month, but again - one transaction sets the average. What's more useful here is the HonestDoor Price of $564,644, which is a much more complete picture of where condo values actually sit when you factor in all 629 assessed properties in the neighbourhood.

• Average sale price: $321,500 (up 12.3% from last month)
• Average list price: $345,000
• Price per square foot: $383
• Sold for 98.12% of list price
• 1 property sold this month
• Average days on market: 24
• Predicted market value: $571,479
• Rental yield: 3.97%
• Estimated monthly rent: $2,340

On the growth leaderboard, Silver Springs condos rank 54 out of 216 Calgary neighbourhoods. That's above average - a genuinely solid position. The predicted value of $571,479 is slightly below the 3-month moving average of $574,837, so values are easing a touch. Condos here are also taking longer to sell than nearby Ranchlands (24 days vs. 15), which suggests buyers have a bit more breathing room to negotiate.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the thing about your city assessment. It's a snapshot taken months ago, using data that's even older. It doesn't know what sold on your street last Tuesday. The HonestDoor Price updates in real time, pulling in actual transaction data to give you a current read on what your property is worth today - not what a government formula calculated last fall.

For Silver Springs houses, the average assessed value sits at $769,352. The HonestDoor Price is $771,870 - up 0.71% from the previous period and sitting 0.33% above the Calgary average assessed value. That's a close match right now, which is actually useful information. It means the city's number isn't wildly off - but the HonestDoor Price is the one moving in real time as the market shifts.

For condos, the gap is dramatic. The average assessed value is $357,424. The HonestDoor Price is $564,644 - that's 57.98% higher than the Calgary average assessed value. If you're a condo owner in Silver Springs and you're basing any financial decision on your tax assessment, you're working with a number that is seriously out of step with reality.

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

If you're a house owner in Silver Springs and you're eyeing a summer sale, here's the honest read. Buyer demand is real - 97.61% of list price means buyers aren't walking away, they're just negotiating a small discount. But 37 days on market means you need to price it right from day one. Overpricing in a market where the predicted value is dipping below its 3-month average is how you sit on the market and end up chasing the price down.

The sweet spot is pricing close to that HonestDoor Price of $771,870 and letting the market confirm it. Nearby, Scenic Acres is running higher at $800,914 and Bowness is lower at $725,658 - Silver Springs sits comfortably in the middle of the northwest Calgary market.

If you own a condo and you're thinking about selling, the low transaction volume (7 sales in all of 2026 so far) means your listing will stand out - but it also means fewer comparable sales to anchor your price. Lean on the HonestDoor Price of $564,644 as your reality check. With a rental yield of 3.97% and rent at $2,340 a month, investors are paying attention to Silver Springs condos. That's your buyer pool this summer.

Bottom line - Silver Springs is a stable, established northwest neighbourhood. It's not the fastest-growing market in Calgary right now, but it's not falling either. For sellers, preparation and smart pricing beat waiting for a wave that may not come. Check your HonestDoor Price, know your number, and move with confidence.

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.