Auburn Bay Real Estate Market Report – October 2012

Auburn Bay Community Market Report

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October 2012 marked a dynamic month for the Auburn Bay community in Calgary, as the real estate market displayed resilience and continued appeal. Known for its scenic lake, recreational amenities, and family-friendly atmosphere, Auburn Bay remains a sought-after destination for homebuyers.

Market Overview: In October, Auburn Bay recorded 28 home sales, a slight increase from 25 sales in September. The average sale price rose to approximately $470,000, reflecting sustained demand and appreciation in property values. This upward trend suggests that buyers are recognizing the value of living in this vibrant community.

Inventory and Trends: Currently, there are 40 active listings in Auburn Bay, offering a diverse selection of homes, including single-family residences, townhouses, and condos. Homes are selling at an average of 24 days on market (DOM), indicating a competitive environment. Well-maintained properties that are priced appropriately are attracting significant interest, often resulting in multiple offers.

Community Insights: Auburn Bay’s appeal is enhanced by its extensive amenities, including parks, walking trails, and the picturesque lake that serves as a hub for outdoor activities. The community hosts various events throughout the fall season, fostering connections among residents. Additionally, the presence of schools, shopping, and dining options contributes to the overall desirability of the neighborhood.

Looking Ahead: As we move into November, the Auburn Bay real estate market is expected to maintain its activity. While seasonal trends may introduce some fluctuations, the community’s attractive features and strong sense of belonging are likely to keep buyer interest steady. Sellers can benefit from the current demand, while buyers should act quickly to secure desirable properties. Overall, Auburn Bay continues to thrive as a vibrant and attractive community within Calgary's real estate landscape.