Silverado, Calgary - October 2026 Real Estate Report
Silverado, Calgary: Your Neighbour Just Listed. Here Is What You Need to Know.
If you have been watching the "For Sale" signs pop up around Silverado this summer, here is the straight story on what is actually happening to property values on your street - and why the number on your tax assessment is probably not the number you should be trusting right now.
The Vibe: What the Market Is Doing for Us Right Now
Houses in Silverado
The house market here is moving. We saw 22 homes sell recently - that is up 22.2% from the month before. The average sale price landed at $655,298, up 0.6% from last month, and the predicted market value sits at $657,041. That predicted number is climbing past the 3-month moving average of $654,021, which tells us the direction is still upward, even if it is not a rocket ship.
The catch? Homes are sitting on the market for an average of 35 days, which is a bit longer than nearby Yorkville at 31 days. The market is not stalled - it is just taking a breather. Buyers are also negotiating, with homes selling at about 97.49% of list price. That gap between ask and sell matters when you are pricing your home.
- Average sale price: $655,298 (up 0.6% month over month)
- Predicted market value: $657,041
- Price per square foot: $362
- Average days on market: 35
- Sale-to-list ratio: 97.49%
- Estimated rent: $3,050 per month
- Rental yield: 5.36%
- Growth rank: 100 out of 221 Calgary neighbourhoods - solidly above average
On the neighbourhood leaderboard, Silverado houses rank 100 out of 221 for growth. That puts us in the top half of Calgary - not leading the pack, but well ahead of the middle. For context, our average sale price beats nearby Yorkville ($649,833), which is a good sign for anyone thinking about what their home is actually worth today.
Condos in Silverado
The condo picture is a different story, and we should be honest about it. Only 1 condo sold recently, and properties are averaging 90 days on market. That is slow - very slow compared to nearby Shawnessy at 57 days. The predicted market value of $447,829 is actually dipping slightly from the 3-month moving average of $450,894, and recent value change is down 0.55%.
That said, the average sale price of $303,000 is up 5.4% from last month, which shows that when condos do sell here, buyers are paying more for them. The rental yield of 3.99% is moderate - not a home run, but not a loss either.
- Average sale price: $303,000 (up 5.4% month over month)
- Predicted market value: $447,829
- Price per square foot: $345
- Average days on market: 90
- Sale-to-list ratio: 93.52%
- Estimated rent: $2,205 per month
- Rental yield: 3.99%
- Growth rank: 88 out of 207 Calgary neighbourhoods - above average, but days-on-market rank is 72 out of 81, meaning condos here are among the slowest-selling in the city
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing about your city assessment - it is a snapshot from the past. It does not know what sold on your block last month. It does not adjust when the market shifts. For houses in Silverado, the average assessed value is $696,007, but the average HonestDoor Price is $646,136. That is a $49,871 gap. If you are a buyer using the assessment as a benchmark, you might be overpaying. If you are a seller using it as your asking price anchor, you could be setting yourself up for a longer sit on the market.
For condos, the story flips. The average assessed value is $397,549, but the HonestDoor Price is $447,858 - that is 12.65% higher than the assessment. Condo owners here are sitting on more value than the city is giving them credit for. The HonestDoor Price updates in real time using actual transaction data, which makes it the real-world check your assessment simply cannot be.
- House HonestDoor Price: $646,136 (down 1.66% from last period - worth watching)
- House assessed value: $696,007 - HonestDoor is 7.17% lower, meaning the city may be overvaluing your home
- Condo HonestDoor Price: $447,858 (up 0.01% - holding steady)
- Condo assessed value: $397,549 - HonestDoor is 12.65% higher, meaning the city is undervaluing your condo
The So What: Should You Sell in Silverado This Summer?
If you own a house in Silverado and you are thinking about listing this summer, the timing is reasonable - but you need to price it right. Buyers are active (22 sales last month), but they are not desperate. They are negotiating, and homes are taking about five weeks to move. Price too high and you will sit. Price it sharp and you will sell. The sweet spot right now is closer to the HonestDoor Price of $646,136 than the assessed value of $696,007.
If you own a condo, be patient and be strategic. With only 1 sale last month and an average of 90 days on market, this is not a segment where you can throw up a listing and expect a quick close. The good news is your HonestDoor Price of $447,858 suggests real underlying value - but you need a plan, not just a sign on the lawn.
Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, before you set an asking price, and before you assume the city assessment tells the whole story. In Silverado right now, it does not.
silverado | 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.