Auburn Bay Calgary Real Estate Market Report - August 2023

Overview

In August 2023, Auburn Bay remains a sought-after community in Southeast Calgary, known for its vibrant lifestyle, lakes, and recreational facilities. The summer months typically see a peak in real estate activity, and this month was no exception, with notable buyer interest. Total 45 sales.

Property Types

The real estate market in Auburn Bay features a diverse array of property types:

1. Detached Homes

   • Price range: $553,500 - $1,375,000.00

   • Number of Listings: 45

   • Sales: 19 homes sold

   • Days on Market (DOM): 20 days

2. Duplex homes

   • Price range: $490,500 - $629,900

   • Sales: 6 homes sold

   • Days on Market (DOM): 20 days

3. Townhouses

   • Price range: $215,000 - $500,000

   • Sales: 12 townhouses sold

   • DOM: 15 days

4. Condos

   • Price range: $231,500 - $410,000

   • Sales: 8 condos sold

   • DOM: 25 days

Market Trends

• Increased Activity: The market shows a healthy level of activity, with strong sales across all property types. Single-family homes are particularly popular, with a faster turnover.

• Quick Sales: Townhouses are moving quickly, with many selling in under three weeks, indicating strong buyer demand and competitive pricing.

• Price Adjustments: Prices for single-family homes have seen a slight increase compared to previous months, reflecting the ongoing desirability of the area.

Conclusion

The Auburn Bay real estate market in August 2023 is robust and dynamic, characterized by strong sales and quick turnover across various property types. The community’s appealing features and active lifestyle continue to attract buyers, positioning Auburn Bay as a highly desirable location in Calgary.