Silverado SW – October 2024

Calgary Real Estate Market Summary – Silverado October 2024

In October 2024, Silverado experienced notable activity in its real estate market. Here are the key highlights and trends:

1. Market Activity:
   • Sales in Silverado increased by 111% year-over-year (YoY), with a total of 19 properties sold during the month.
   • The inventory also saw a significant rise, growing by 79% YoY, resulting in 33 properties available for sale.
   • New listings totaled 25, marking a 65% YoY increase.
2. Pricing Trends:
   • The benchmark price for residential properties in Silverado stood at $582,900, reflecting a 6.2% YoY growth.
   • Detached homes recorded a benchmark price of $650,300 (up 7.4% YoY), while semi-detached properties were priced at $635,900 (up 6.2% YoY).
   • Row homes and apartments experienced price increases to $485,400 and $377,600, respectively.
3. Market Conditions:
   • Months of supply decreased to 1.74, indicative of a competitive market environment favoring sellers.
   • The sales-to-new-listings ratio (S/NL) was strong, demonstrating steady demand for available properties.
4. Community Amenities and Features:
   • Silverado continues to attract residents with its mix of urban convenience and natural beauty. The community features abundant green spaces, including pathways and parks, ideal for outdoor enthusiasts.
   • Amenities include proximity to schools, retail centers, and dining options, catering to diverse lifestyle needs.
   • Its connectivity to major transportation routes like Macleod Trail and Stoney Trail ensures easy commuting and accessibility.

Silverado remains a vibrant and desirable neighborhood in Calgary, with robust growth and competitive real estate activity showcasing its appeal.