Auburn Bay Calgary Real Estate Market Report - July 2023

Overview

In July 2023, Auburn Bay remained a vibrant and desirable community in Southeast Calgary, characterized by its scenic lake, parks, and family-friendly atmosphere. The summer season typically brings heightened activity in the real estate market, and July was no exception, with a significant number of transactions. Total 40 sales. 

Property Types

Auburn Bay features a variety of property types, appealing to different buyers:

1. Detached Homes

   • Price range: $544,500 - $2,300,000

   • Sales: 20 homes sold

   • Days on Market (DOM): 18 days

2. Duplex Homes

   • Price range: $488,000 - $536,000

   • Sales: 5 homes sold

   • Days on Market (DOM): 8 days

3. Townhouses

   • Price range: $205,000 - $445,000

   • Sales: 5 townhouses sold

   • DOM: 12 days

4. Condos

   • Price range: $270,000 - $395,000

   • Number of Listings: 22

   • Sales: 10 condos sold

   • DOM: 30 days

Market Trends

• High Demand: The single-family home market demonstrated strong demand, with homes selling quickly, often within weeks of listing.

• Rapid Sales: Townhouses are also seeing rapid sales, indicating a competitive environment for buyers looking for lower-maintenance living options.

• Price Stability: Prices for both single-family homes and townhouses have remained stable, while condos experienced slight adjustments, reflecting market dynamics and buyer preferences.

Conclusion

The Auburn Bay real estate market in July 2023 is marked by robust activity and quick sales across various property types. The community’s appealing amenities and family-friendly environment continue to draw buyers, making Auburn Bay a highly desirable location in Calgary's real estate landscape.