December 2022 in Auburn Bay, a sought-after community in SE Calgary, showcased a dynamic real estate market. The area continues to attract buyers due to its family-friendly environment, proximity to amenities, and beautiful lake. Total 17 properties were sold.
Detached Houses
Sales: 6 detached homes sold
Average Days on Market: 59 days
Price Range: $479,500 - $1,500,000
Market Trend: The market remained competitive with a mix of new listings and existing homes. Homes priced competitively tended to sell quickly.
Duplexes
Sales: 1 duplexes sold
Average Days on Market: 25 days
Price: $461,500
Market Trend: Duplexes experienced strong demand, especially among first-time buyers, with many homes receiving multiple offers.
Townhouses
Sales: 6 townhouses sold
Average Days on Market: 22 days
Price Range: $271,500 - $400,000
Market Trend: Townhouses showed steady activity, appealing to both young professionals and small families. The inventory remained relatively low, supporting price stability.
Apartments
Sales: 4 apartments sold
Average Days on Market: 55 days
Price Range: $287,000 - $374,900
Market Trend: The apartment market was slower compared to other property types, with more inventory available, leading to longer days on market.
Conclusion
December 2022 marked a robust end to the year for the Auburn Bay real estate market, with a variety of property types appealing to different segments of buyers. The overall trend indicates a healthy market, though potential buyers should be prepared for competitive situations, especially with detached homes and duplexes. As we move into 2023, monitoring inventory levels and interest rates will be crucial for understanding future market dynamics.
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