Auburn Bay Community Market Report
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Market Overview: February 2007 marked a dynamic period for the Auburn Bay real estate market as the community continued to attract buyers looking for family-friendly neighborhoods in Calgary. The month showed steady activity despite the winter season, indicating strong demand and interest.
Sales Activity:
Total Sales: In February, 38 homes were sold, reflecting a slight decrease from January but still demonstrating solid market activity.
Average Days on Market: Homes averaged 30 days on the market, showing that properties were moving fairly quickly as buyers remained engaged.
Average Sales Price: The average selling price for homes in Auburn Bay reached approximately $430,000, signaling a continued upward trend in property values.
Inventory Levels:
Active Listings: There were 45 active listings available, providing a healthy selection for buyers looking in the area.
Price Range: Homes on the market ranged from about $360,000 for starter homes to over $650,000 for larger, more upscale properties, catering to a diverse audience.
Market Trends: Buyer preferences remained focused on modern amenities and energy-efficient features. The appeal of outdoor living spaces was also significant, as buyers sought homes with access to parks and recreational areas.
Community Insights: Auburn Bay's unique lake community continued to enhance its desirability, offering a range of outdoor activities and community events. The local schools and amenities further solidified its reputation as a family-oriented neighborhood.
Conclusion: February 2007 illustrated a stable and active real estate market in Auburn Bay, with strong sales figures and an upward trend in pricing. As the community continues to develop and attract interest, it is well-positioned for ongoing growth in the coming months.
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