Auburn Bay Community Market Report

Overview: Auburn Bay, a sought-after lake community in southeast Calgary, has seen notable developments in its real estate market as of March 2023. Known for its scenic views, family-friendly environment, and recreational amenities, Auburn Bay continues to attract a diverse range of buyers.

Market Trends:

• Price Range:

  18 SOLD Detached houses $503,500 - $2,044,000 back on the lake;

  3 SOLD Duplex houses $493,000 - $543,000;

  8 SOLD Townhouses $275,000 - $400,000;

  10 SOLD Apartment $230,000 - $345,000.

• Sales Activity: 39 properties were SOLD in March. The market experienced a 5% increase in sales volume compared to the same month last year. Properties in Auburn Bay are selling quickly, with many listings receiving multiple offers, indicating a competitive market.

• Property Types: The market comprises a variety of property types, including single-family homes, townhouses, and condos. Single-family homes remain particularly popular among families seeking more space.

Community Features:

• Amenities: Auburn Bay boasts a range of amenities, including the Auburn House community center, which provides recreational facilities and hosts numerous community events. The lake itself offers opportunities for swimming, fishing, and seasonal activities, enhancing the lifestyle of residents.

• Shopping and Dining: The area features convenient access to shopping centers, restaurants, and local businesses. Residents enjoy a mix of grocery stores, cafes, and eateries that contribute to the vibrant community atmosphere.

• Transportation: The community is well-connected via major roadways and public transit options, making commuting to downtown Calgary and surrounding areas easy for residents.

Community Engagement:

• Events: March 2023 saw several community-focused events, such as family-friendly activities at the Auburn House and local markets. These events foster community spirit and encourage resident involvement.

• Sustainability Initiatives: Auburn Bay is committed to environmental stewardship, with initiatives aimed at preserving green spaces and promoting sustainable practices. Community members actively participate in local conservation efforts.

Outlook:

The outlook for Auburn Bay’s real estate market appears positive as demand remains strong. Inventory levels are slightly low, contributing to a competitive environment. As spring approaches, it’s expected that more listings will come to the market, potentially easing some of the demand pressures.

Conclusion:

Auburn Bay SE Calgary's real estate market in March 2023 is characterized by steady growth and vibrant community life. With increasing home prices and active sales, it remains an attractive option for buyers looking for a blend of modern living and recreational opportunities. Prospective buyers and investors should consider Auburn Bay as a promising community for both residence and investment.

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Seton Community Market Report

Overview

Seton, a vibrant and growing community located in Calgary, Alberta, has continued to show strong real estate activity in March 2023. The neighborhood, known for its modern amenities and proximity to shopping, parks, and schools, remains a desirable location for both buyers and investors.

Market Highlights

• Sales Activity:

  • In March 2023, Seton recorded a total of 25 home sales, a slight increase from the previous month. This reflects a robust demand in the market, particularly for family homes and townhouses. 

    4 SOLD Detached houses $575,000 - $839,000.

    3 SOLD Duplex houses $539,000 - $585,000.

    5 SOLD Townhouses $239,900 - $494,900.

    13 SOLD Apartments $227,500 - $399,000.

  • The average days on market for homes sold was approximately 35 days, indicating a competitive environment where properties are being purchased relatively quickly.

• Pricing Trends:

  • The average sale price for homes in Seton reached $424,360, up 5% compared to March 2022. This increase reflects the continued appreciation of property values in the area.

• Inventory Levels:

  • The current inventory of homes for sale stands at 55 listings, providing a balanced market. However, with the ongoing demand, homes are selling faster than new listings are being added, leading to potential shortages in certain segments.

Neighborhood Features

Seton boasts a variety of amenities that appeal to residents:

• Shopping and Dining: The nearby Seton Urban District offers a range of retail options, restaurants, and entertainment venues, making it a hub for local residents.

• Parks and Recreation: Numerous parks and green spaces provide outdoor recreational opportunities, contributing to the community's family-friendly atmosphere.

• Transportation: Seton is well-connected by major roads and public transit, making commuting to downtown Calgary convenient.

Conclusion

The real estate market in Seton continues to thrive in March 2023, driven by strong demand and limited inventory. With a variety of housing options and excellent community amenities, Seton remains an attractive choice for homebuyers and investors alike. As we move into the spring months, we anticipate continued interest in the area, potentially leading to further price appreciation and competitive sales activity.

Recommendations

For potential buyers, it’s advisable to act quickly and be prepared with financing, as properties are moving swiftly. Sellers may consider listing their homes to capitalize on the current demand and favorable market conditions.

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For latest community market report, SIGNUP HERE.