May 2023 saw continued vitality in the Auburn Bay real estate market, with the onset of warmer weather bringing more buyers into the area. The community's appealing amenities, including its lake and recreational spaces, contribute to its desirability among families and young professionals. Total 50 sales.
Property Types
The Auburn Bay market includes a variety of property types, catering to diverse buyer preferences:
Detached Homes
Price range: $525,000 - $995,000
Sales: 23 homes sold
Days on Market (DOM): 18 days
Duplex Homes
Price range: $427,500 - $519,000
Sales: 5 homes sold
Days on Market (DOM): 8 days
Townhouses
Price range: $310,000 - $385,200
Sales: 7 townhouses sold
DOM: 12 days
Condos
Price range: $239,900 - $398,900
Number of Listings: 22
Sales: 15 condos sold
DOM: 30 days
Market Trends
Increased Activity: The market experienced a notable uptick in sales compared to previous months, particularly in single-family homes, which remain highly sought after.
Fast Sales: Properties, especially townhouses, are selling quickly, often within two weeks, indicating a competitive landscape.
Price Stability: Prices have remained stable across all property types, with slight increases in the townhouse segment reflecting heightened demand.
Conclusion
The Auburn Bay real estate market in May 2023 is characterized by strong buyer interest and quick sales across various property types. With its attractive community features, Auburn Bay continues to be a prime location for homebuyers in Calgary. As the market progresses into the summer months, this momentum is expected to carry on, providing opportunities for both buyers and sellers.
Comments:
Post Your Comment: