In February 2023, Auburn Bay in SE Calgary demonstrated a vibrant real estate market, characterized by steady activity across various property types. The community's appeal, with its lake and recreational facilities, continues to attract a diverse range of buyers. Total 34 sales.
Property Types:
Detached Homes
Price range: $449,000 - $865,000
Sales: 11 homes sold
Days on Market (DOM): 18 days
Duplex Homes
Price range: $435,000 - $533,000
Sales: 7 homes sold
Days on Market (DOM): 8 days
Townhouses
Price range: $192,000 - $406,500
Sales: 5 townhouses sold
DOM: 12 days
Condos
Price range: $229,000 - $394,900
Number of Listings: 22
Sales: 11 condos sold
DOM: 30 days
Market Trends:
Demand: The market exhibited strong demand, particularly for single-family homes, which are in high demand among families seeking community-oriented living.
Inventory Levels: The inventory of homes for sale was relatively stable, though the demand outpaced new listings, leading to quicker sales.
Buyer Profiles: The primary buyers included first-time homebuyers and young families attracted by the community's amenities and lifestyle offerings.
Conclusion: February 2023 revealed a healthy real estate market in Auburn Bay SE Calgary, with competitive sales and a variety of property options. The community's desirability continues to drive interest, making it a favorable time for sellers. For potential buyers, quick action is recommended due to the active market conditions.