Auburn Bay Community Market Report
August 2024 marked an exciting month for the Auburn Bay community in Calgary, a neighborhood celebrated for its scenic lake, recreational amenities, and family-friendly atmosphere. As summer winds down, the real estate market has demonstrated resilience and continued appeal among homebuyers.
Market Overview: In August, Auburn Bay recorded 26 home sales. The competitive landscape remains robust, with many homes attracting multiple offers shortly after listing.
14 SOLD Detached houses $565,000-$960,000.
2 SOLD Duplex houses $510,000-$533,500;
5 SOLD Townhouses $345,000-$525,000;
5 SOLD Apartments $245,000(1-bedroom-apartment) - $435,000.
Inventory and Trends: Currently, there are 49 active listings in Auburn Bay, encompassing a variety of options from single-family homes to townhouses. Properties are selling quickly, with an average Days on Market (DOM) of 20 days. This brisk turnover indicates a healthy demand, particularly for well-maintained homes that meet buyers’ expectations.
Detached houses 23 days;
Duplex houses 13 days;
Townhouses 13 days;
Apartments 22 days.
Community Insights: Auburn Bay's appeal is bolstered by its extensive amenities, including parks, schools, and the beautiful lake that serves as a hub for outdoor activities. The community’s strong sense of belonging is enhanced by various events and social gatherings, fostering connections among residents. Recent developments, including new retail spaces, further enrich the living experience.
Looking Ahead: As we move into the fall season, the Auburn Bay market is expected to maintain its momentum. While the number of buyers may taper off with the onset of cooler weather, the enduring demand for homes in this community suggests that opportunities will remain. Sellers are encouraged to capitalize on current market conditions, while buyers should remain vigilant as properties continue to be in high demand. Overall, Auburn Bay stands out as a prime location within Calgary's real estate landscape.
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