Auburn Bay, a desirable lake community in Southeast Calgary, continues to attract buyers in February 2024. The area’s blend of recreational amenities, schools, and family-friendly environment makes it a sought-after location.
Property Types
The Auburn Bay real estate market includes a variety of property types, catering to different buyer needs:
Detached Homes
Price Range: $540,000 - $1,300,000.
Sales: 19 homes sold
Days on Market (DOM): 20 days
Duplex Homes
Price Range: $469,000 - $534,000.
Sales: 2 homes sold
Days on Market (DOM): 20 days
Townhouses
Price Range: $353,000 - $513,000
Number of Listings: 25
Sales: 9 townhouses sold
DOM: 18 days
Condos
Price Range: $260,000 - 440,000
Number of Listings: 20
Sales: 16 condos sold
DOM: 25 days
Market Trends
Increased Demand: The Auburn Bay market has seen a steady increase in buyer interest, particularly in single-family homes, which are often the most competitive.
Quick Turnaround: Properties are selling faster compared to previous months, with average DOM decreasing, indicating strong demand and competitive offers.
Price Stability: While prices have remained stable, slight increases in single-family home prices reflect ongoing demand and limited inventory.
Conclusion
The Auburn Bay real estate market in February 2024 is characterized by strong buyer interest, particularly in single-family homes, with properties selling quickly. As the market evolves, buyers and sellers alike should stay informed of trends and pricing dynamics.