The Silverado real estate market remained strong in October 2024, driven by steady demand across various property types. Sales increased by 111% year-over-year, indicating a highly active market. Inventory levels rose by 65%, suggesting more options for buyers but still maintaining a seller’s market.
Benchmark Prices
Detached Homes: $650,300 (↑17% YoY)
Semi-Detached Homes: $635,900 (N/A due to low inventory)
Row Homes (Townhouses): $485,400 (↑13% YoY)
Apartments (Condos): $377,600 (↑6% YoY)
Total Residential Benchmark Price: $582,900 (↑6.2% YoY)
The price appreciation across all property types indicates a competitive market, with townhouses showing the highest growth among non-detached housing.
Property Type Breakdown
Detached Homes
Detached homes in Silverado continue to be the most sought-after property type. With a benchmark price of $650,300, the segment saw a 17% increase from the previous year, reflecting strong demand.
Sales: 12 transactions in October 2024 (↑100% YoY)
Inventory: 15 active listings (↑200% YoY)
Months of Supply: 1.74 months (down from 2.1 months in 2023)
Market Trend: Low supply and high demand are pushing prices upward.
Semi-Detached Homes
Semi-detached homes remain a small but desirable segment in Silverado, with limited transactions due to low availability. The benchmark price reached $635,900, showing price stability.
Sales: No recorded sales in October 2024
Inventory: 1 listing (↓75% YoY)
Market Trend: High demand but very low supply, making these homes rare in Silverado.
Row Homes (Townhouses)
Townhouses experienced significant growth, becoming a strong alternative for buyers priced out of detached homes. The benchmark price of $485,400 represents a 13% YoY increase.
Sales: 4 transactions in October 2024 (↑100% YoY)
Inventory: 8 active listings (↑167% YoY)
Market Trend: Rapid appreciation, indicating growing interest in townhomes.
Apartments (Condos)
The apartment sector remained the most affordable entry point into Silverado, with a benchmark price of $377,600 (↑6% YoY).
Sales: 3 transactions in October 2024 (↑200% YoY)
Inventory: 1 active listing (↓50% YoY)
Market Trend: Limited supply is keeping condo prices stable with gradual appreciation.
Schools & Education
Silverado is well-served by reputable schools, making it a desirable area for families. The community has access to Ron Southern School (K-6) and Holy Child School (K-9), offering strong academic and extracurricular programs. High school students typically attend nearby All Saints High School or Centennial High School. The area also benefits from proximity to several post-secondary institutions within Calgary.
LRT & Public Transportation
Transportation options continue to improve in Silverado. While the community is not directly served by an LRT station, residents benefit from nearby access to the Somerset-Bridlewood LRT Station, which provides a direct route to downtown Calgary. Additionally, efficient bus routes and planned future transit expansions will further enhance connectivity.
Shopping & Amenities
Residents enjoy a variety of shopping options within and near Silverado. The Shawnessy Shopping Centre, located minutes away, offers major retailers, grocery stores, and dining options. Silverado also features local conveniences such as Sobeys, cafes, and fitness centers. For more extensive shopping, Southcentre Mall and the new developments in Seton are easily accessible.
Community Features & Lifestyle
Silverado is known for its peaceful suburban feel, complemented by abundant green spaces and walking paths. The community backs onto the Spruce Meadows Equestrian Facility, adding a unique charm to the area. Residents appreciate the outdoor lifestyle, with parks, playgrounds, and connections to Calgary’s extensive pathway network. Silverado also fosters a strong community spirit, with events and activities organized by the Silverado Community Association throughout the year.
Key Takeaways for Buyers & Sellers
For Buyers: Silverado remains a competitive market, particularly for detached and townhouses. Buyers should be prepared for bidding wars and quick sales in popular property segments.
For Sellers: The low inventory and strong demand make this an ideal time to sell, with prices rising steadily. Properly priced homes are selling quickly and at strong prices.
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