Auburn Bay Real Estate Market Report
September 2018 marked a notable month for the Auburn Bay community in Calgary, as the real estate market exhibited signs of stabilization and consistent buyer interest. Known for its scenic lake, family-friendly amenities, and vibrant community spirit, Auburn Bay continues to be a popular choice for homebuyers.
Market Overview: In September, Auburn Bay recorded 27 home sales, a slight increase from 25 sales in August. The average sale price for homes in the community rose to approximately $550,000, reflecting steady demand and a gradual appreciation in property values. This positive trend indicates that buyers are recognizing the value of living in this desirable neighborhood.
Inventory and Trends: Currently, there are 45 active listings in Auburn Bay, showcasing a variety of housing options, including single-family homes, townhouses, and condos. Homes are selling at an average of 28 days on market (DOM), demonstrating a balanced market where well-priced properties attract significant interest. Listings that are updated and presented well tend to receive quicker offers, often leading to competitive bidding situations.
Community Insights: Auburn Bay's appeal is enhanced by its extensive recreational facilities, including parks, walking trails, and the picturesque lake, which provides opportunities for swimming, boating, and community events. The neighborhood fosters a strong sense of community through various activities and gatherings, making it an ideal place for families. Additionally, local amenities such as schools, shopping centers, and restaurants further contribute to the overall quality of life.
Looking Ahead: As we move into October, the Auburn Bay real estate market is expected to remain steady. While seasonal shifts may impact buyer activity, the community's attractive features and strong sense of belonging are likely to sustain interest. Sellers can take advantage of the current demand, while buyers should remain proactive to secure desirable properties. Overall, Auburn Bay continues to thrive as a sought-after community within Calgary’s real estate landscape.
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