Auburn Bay Community Real Estate Market Report - Q3 2024

Auburn Bay Calgary Q3 2024 Real Estate Community Report

As of Q3 2024, Auburn Bay continues to be one of Calgary's most sought-after communities, thanks to its appealing blend of urban amenities and natural beauty. Nestled around a picturesque lake, the neighborhood offers a unique lifestyle that attracts families and young professionals alike.

Market Overview: The real estate market in Auburn Bay remains robust, with a steady increase in both home sales and property values. Average home prices in Q3 reflecting a 5% increase compared to the same period last year. The demand for single-family homes has been particularly strong, driven by the community's family-friendly environment and proximity to schools and parks.

Inventory and Sales: There has been a slight decrease in inventory, with around 120 active listings at the end of Q3. This tightening of available homes has led to quicker sales, with properties often selling within weeks of listing. The average days on market have decreased to 25 days, indicating a competitive market. Total 106 sales.

1. Detached Homes

   • Price Range: $565,000 - $1,370,000.00

   • Sales: 46 homes sold

   • Days on Market (DOM): 25 days

2. Duplex Homes

   • Price Range: $510,000 - $669,500

   • Sales: 6 homes sold

   • Days on Market (DOM): 25 days

3. Townhouses

   • Price Range: $345,000-$535,000

   • Sales: 22 townhouses sold

   • DOM: 27 days

4. Condos

   • Price Range: $245,000-$435,000

   • Number of Listings: 15

   • Sales: 32 condos sold

   • DOM: 35 days

Community Amenities: Residents enjoy a variety of amenities, including access to the Auburn Bay Lake, recreational facilities, and numerous walking trails. The community is well-serviced by local schools, shopping centers, and healthcare facilities, making it a convenient choice for families.

Future Outlook: Looking ahead, the community is expected to maintain its upward trajectory, supported by ongoing development and infrastructure improvements. With continued interest from buyers and a strong local economy, Auburn Bay remains a vibrant community poised for growth.

Overall, Auburn Bay's real estate market in Q3 2024 reflects a healthy balance of demand and supply, making it an attractive option for both current residents and prospective buyers. 

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