Silverado, Calgary - August 2026 Real Estate Report

Silverado Real Talk: Your Home Is Worth Less Than the City Thinks - And That Actually Matters

If you live in Silverado and you have not checked your HonestDoor Price lately, now is the time. The city assessed the average house here at $696,007. The real-world number? Closer to $652,680. That is a $43,000 gap - and it has real consequences for how you price, sell, or plan your next move.

The Vibe: What Is Actually Happening in Our Neighbourhood

Silverado is a tale of two property types right now. Houses and condos are moving in very different directions, and we need to talk about both.

Houses: Steady, But Watch the Fine Print

Houses in Silverado are holding up reasonably well. The average sale price hit $659,864 this month - up 6.2% from last month, which sounds great on the surface. But dig a little deeper and the picture gets more nuanced.

• Average sale price: $659,864 (up 6.2% from last month)
• Average list price: $675,527
• Price per square foot: $347
• Sale-to-list ratio: 97.83% - buyers are paying below asking
• Average days on market: 29 days
• Properties sold this month: 11
• HonestDoor predicted value: $652,341
• 3-month moving average: $653,513 (values are drifting down slightly)
• Recent value change: -0.47%
• Rental yield: 5.36% - that is genuinely strong for Calgary
• Estimated rent: $3,034 per month

Here is the honest read: buyers are getting deals below list price, and the predicted value is ticking down against the 3-month average. That is the market taking a breather. The 6.2% monthly jump in sale price looks exciting, but with only 11 sales, one or two higher-priced homes can move that number fast. Do not let it fool you into overpricing.

On the neighbourhood leaderboard, Silverado houses rank 123 out of 236 Calgary neighbourhoods for growth - squarely below average. Days on market rank is a healthier 27 out of 77, meaning homes here sell moderately fast compared to the rest of the city. Price rank sits at 146 out of 220 - below average for Calgary overall.

Compared to nearby Yorkville, our average sale price of $659,864 comes in below their $708,333. Somerset is cheaper than us. We sit in the middle of the pack - not the cheapest, not the priciest.

Condos: Taking a Real Breather

We will be straight with you - the condo side of Silverado is cooling off. Only one condo sold this month, and the average sale price dropped 15.3% from last month to $262,500. That is a significant move, and with just one transaction driving the number, it is worth watching over the next few months before drawing firm conclusions.

• Average sale price: $262,500 (down 15.3% from last month)
• Average list price: $269,900
• Price per square foot: $432
• Sale-to-list ratio: 97.26% - buyers paying below asking here too
• Average days on market: 32 days
• Properties sold this month: 1
• HonestDoor predicted value: $454,545
• 3-month moving average: $460,879 (values sliding)
• Recent value change: -2.83%
• Rental yield: 3.97% - moderate, not spectacular
• Estimated rent: $2,234 per month

The condo growth rank is 151 out of 216 Calgary neighbourhoods - below average. Days on market rank is 28 out of 72, so condos here do sell at a moderate pace. But they are taking longer than nearby Somerset at 22 days, which is a signal worth noting. Price rank is 126 out of 175 - again, below average for the city.

One thing that stands out: the city assessed the average Silverado condo at $397,549, but the HonestDoor Price is $454,545 - about 13.3% higher. For condos, the city is actually undervaluing what the market sees. That is the opposite situation from houses, and it matters if you are thinking about selling or refinancing.

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

The city's assessed value is a snapshot taken months ago, based on data that is already old by the time it lands in your mailbox. It does not know what sold on your street last week. It does not adjust for current buyer demand or interest rate shifts. It is a static number in a moving market.

The HonestDoor Price updates in real time. For Silverado houses, that means knowing your home is likely worth around $652,680 - not the $696,007 the city has on file. That $43,000 difference is not just a number on paper. If you price your home based on the assessed value and buyers are using real-time data to make offers, you will sit on the market longer and likely still sell below asking. We have seen it happen.

For condo owners, the flip side is true. The city says $397,549. HonestDoor says $454,545. If you are a condo owner thinking about selling, that gap could mean you are leaving money on the table by not knowing your real starting point.

Check your HonestDoor Price before you do anything else. It is the real-world check that the assessment simply cannot give you.

The So What: Thinking About Selling This Summer?

Here is the straight talk for anyone considering listing in Silverado this summer.

If you own a house, the market is not broken - but it is not on fire either. Buyers are active enough that homes are moving in about 29 days, which is decent. But they are negotiating, and they are landing below list price. Price sharp from day one. A home priced at $675,000 is likely to sell around $660,000 based on current trends. Know that going in and you will not be disappointed. Price based on the city assessment and you will be chasing the market down.

If you own a condo, this summer calls for patience and realistic expectations. One sale a month is thin volume. Prices are sliding against the 3-month trend. That does not mean you cannot sell - it means you need to be priced right and ready to negotiate. The HonestDoor Price for condos here is actually above the city assessment, so use that to your advantage when setting expectations with your agent.

For anyone thinking about renting instead of selling, the house rental yield of 5.36% is genuinely strong. At $3,034 per month in estimated rent, holding a Silverado house as a rental is not a bad play while you wait for the market to find its footing.

• 111 total property transactions in Silverado in 2026 - solid activity overall
• 2,382 properties assessed this year - this is a real neighbourhood with real data behind it
• Neighbourhood growth: 0.04% year over year - slow and steady
• Airbnb rank in Calgary: 196 out of Calgary neighbourhoods - not a top short-term rental play

Bottom line: Silverado is a stable, established neighbourhood that is not booming and not crashing. It is a place where smart pricing wins. Know your real number, price accordingly, and you will be in good shape this summer.

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.