Auburn Bay Community Market Report
Overview
As of September 2024, Auburn Bay continues to be one of Calgary's most sought-after communities, known for its beautiful lake, parks, and family-friendly amenities. The real estate market in this area shows a mix of stability and growth, reflecting broader trends in Calgary’s housing market.
Market Performance
Average Home Price: The average home price in Auburn Bay has risen to approximately $632,500, marking a 1.5% increase from the previous year.
Sales Volume: There were 34 homes sold in September 2024.
11 SOLD Detached houses $590,000-$1,207,500;
3 SOLD Duplex houses $520,000-$669,500;
9 SOLD Townhouses $354,900-$535,000;
11 SOLD Apartment $292,000(1-bedroom) - $425,000 2-bed-2-bath.
Days on Market: Homes in Auburn Bay are averaging 28 days on the market before selling, which is consistent with trends from earlier this year.
Inventory and Demand
Active Listings: There are currently 58 active listings in Auburn Bay, providing a range of options from townhouses to single-family homes. Inventory levels were increased compared to last year, as we saw more sellers put their homes on the market.
Buyer Demographics: The majority of buyers in Auburn Bay remain young families and first-time homebuyers, drawn by the community’s amenities, schools, and access to outdoor activities.
Market Trends
Pricing Trends: The upward trend in prices can be attributed to the limited inventory and continued demand for homes in family-oriented communities. While interest rates have risen, many buyers are still motivated by long-term investment potential and lifestyle benefits.
New Developments: Several new developments are underway, with a focus on sustainable living and community-oriented design. These projects are expected to further enhance the appeal of Auburn Bay.
Conclusion
Overall, Auburn Bay remains a resilient market with solid growth potential. While challenges such as rising interest rates and inventory shortages persist, the community’s attractive lifestyle and amenities continue to draw buyers. Stakeholders are advised to keep a close watch on emerging trends and shifts in buyer behavior as the market evolves.
Recommendations
For Sellers: Consider pricing competitively to attract buyers quickly, given the current average days on market.
For Buyers: Act promptly when suitable properties arise, as inventory remains limited and competition is strong.
This report provides a snapshot of the Auburn Bay real estate market as of September 2024, highlighting key metrics and trends that define this vibrant community.
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