Archived blog posts for : February 2010

Auburn Bay Real Estate Market Report – January 2010

Posted on February 1, 2010 by Team Jillain

Community Market Report

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January 2010 marked a period of cautious optimism in the Auburn Bay community of Calgary, as the real estate market began to show signs of recovery following the economic challenges of the previous years. Known for its scenic lake and family-friendly environment, Auburn Bay continues to attract interest from a diverse range of buyers.

Market Overview: In January, Auburn Bay recorded 15 home sales, reflecting a slight uptick from the previous month, signaling renewed buyer confidence. The average sale price for homes in the community was approximately $385,000, which remains competitive compared to other neighborhoods in Calgary. This pricing demonstrates the community's appeal to first-time buyers and families looking for affordable options.

Inventory and Trends: The current inventory in Auburn Bay includes 40 active listings, showcasing a mix of single-family homes, townhouses, and condos. Homes are moving at an average of 30 days on market (DOM), a sign that buyers are actively searching despite the winter months. Well-maintained properties are receiving positive attention, often selling close to or above asking prices.

Community Insights: Auburn Bay's appeal lies in its strong sense of community, extensive parks, and recreational facilities. The lake offers year-round activities, making it a perfect setting for families and outdoor enthusiasts. Local amenities, including schools and shopping centers, further enhance the quality of life in the area.

Looking Ahead: As we move further into 2010, the Auburn Bay market is expected to see gradual improvements. While seasonal fluctuations may impact activity, the community's desirability and robust amenities will likely keep buyer interest steady. Sellers should be prepared for a competitive market, while buyers may find favorable opportunities as the year progresses. Overall, Auburn Bay continues to be a vibrant community within Calgary’s real estate landscape.

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