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Silverado Real Estate Market Summary – January 2025

Posted on February 4, 2025 by Team Jillain

Total Residential Benchmark Price: $572,900 (+5.6% YoY).
Detached Homes: Benchmark price $639,700 (+6% YoY), with 9 sales recorded.
Semi-Detached Homes: Benchmark price $626,000 (+6% YoY), 3 sales recorded.
Row Homes (Townhouses): Benchmark price $473,900 (+8% YoY), with 5 sales.
Apartments (Condos): Benchmark price $353,400 (+5.6% YoY), with 1 sale recorded.
Inventory Levels: 1.06 months of supply, indicating a strong sellers’ market.

The Silverado market is expected to continue appreciating due to low supply, strong demand, and rising property values:

Detached home prices could surpass $650,000 by mid-2025, as demand remains high.
Row homes and apartments will continue growing, with apartments seeing steady rental demand.
Low inventory (1.06 months of supply) will keep Silverado a seller’s market.
Interest rates and economic growth will influence market trends, but Silverado remains a sought-after community.

Detached Homes – Benchmark price $639,700 (+6.0% YoY), steady appreciation makes it an attractive long-term investment.
Row Homes (Townhouses) – Benchmark price $473,900 (+8.0% YoY), affordable entry point with strong demand.
Apartments (Condos) – Benchmark price $353,400 (+5.6% YoY), with stable rental demand and moderate price appreciation.
Limited Inventory (1.06 months of supply) suggests Silverado will remain a sellers' market with rising property values.

Community	Benchmark Price (All Residential)	Detached Price	Row Home Price	Apartment Price	Months of Supply	Investment Potential
Silverado	$572,900 (+5.6% YoY)	$639,700 (+6.0%)	$473,900 (+8.0%)	$353,400 (+5.6%)	1.06	Strong sellers' market with fast appreciation
Belmont	$540,200 (+4.9% YoY)	$610,000 (+5.2%)	$450,000 (+7.2%)	$340,000 (+5.0%)	1.28	Affordable entry point with growing demand
Pine Creek	$520,100 (+4.2% YoY)	$595,500 (+4.8%)	$440,000 (+6.5%)	$325,000 (+4.7%)	1.35	Lower entry prices but slower appreciation
Yorkville	$550,700 (+5.1% YoY)	$625,800 (+5.6%)	$460,000 (+7.0%)	$345,000 (+5.3%)	1.22	Balanced growth with moderate supply levels

Silverado offers the strongest growth potential, especially in detached and row home segments.
Belmont and Pine Creek are more affordable options, ideal for first-time investors.
Yorkville provides a balance of affordability and appreciation, making it a stable choice.
Low supply across all communities means prices will likely continue to rise in 2025.

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