Auburn Bay, a sought-after community in SE Calgary, has seen a dynamic real estate market in April 2023. Known for its lake, parks, and family-friendly environment, the area continues to attract buyers looking for various property types. Total 44 sales.
Property Types:
Detached Homes
Price range: $558,000 - $1,380,000
Sales: 17 homes sold
Days on Market (DOM): 18 days
Duplex Homes
Price range: $459,000 - $585,000
Sales: 7 homes sold
Days on Market (DOM): 8 days
Townhouses
Price range: $315,000 - $425,000
Sales: 5 townhouses sold
DOM: 12 days
Condos
Price range: $210,000 - $379,900
Number of Listings: 22
Sales: 15 condos sold
DOM: 30 days
Market Trends:
Demand: The market remains competitive, especially for single-family homes, which have seen a quicker turnover. Many homes are selling at or above asking price due to limited inventory and high demand.
Inventory Levels: The number of active listings has decreased slightly compared to the previous month, contributing to the competitive environment.
Buyer Profiles: First-time homebuyers and families are the primary buyers, drawn by the community's amenities and school options.
Conclusion: April 2023 showcased a robust real estate market in Auburn Bay SE Calgary, characterized by strong demand and relatively quick sales across all property types. With continued interest in the area, potential sellers may find this an opportune time to list their properties.
For those considering buying in Auburn Bay, it's advisable to act quickly due to the competitive nature of the current market.
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