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The Latest Auburn Bay Real Estate Market Report – February 2017

The Latest Auburn Bay Real Estate Market Report – February 2017

Auburn Bay Real Estate Market Report

February 2017 showed a stable real estate market in the Auburn Bay community of Calgary, characterized by consistent activity and continued interest from buyers. Known for its scenic lake, family-friendly amenities, and vibrant community atmosphere, Auburn Bay remains an appealing destination for many.

Market Overview: In February, Auburn Bay recorded 15 home sales, a slight increase from 12 sales in January. The average sale price for homes was approximately $480,000, indicating a stable pricing environment despite broader market fluctuations. This moderate rise in sales reflects a persistent demand, particularly among families and first-time buyers looking for a welcoming neighborhood.

Inventory and Trends: Currently, there are 30 active listings in Auburn Bay, offering a range of housing options from single-family homes to townhouses and condos. Homes are selling at an average of 45 days on market (DOM), which suggests a balanced market where buyers are taking time to make informed decisions. Well-presented properties are seeing quicker sales, while those needing updates may linger longer.

Community Insights: Auburn Bay's appeal is bolstered by its extensive recreational amenities, including the lake for summer activities and numerous parks and pathways for year-round enjoyment. The community hosts various events that foster a sense of belonging among residents. Proximity to schools, shopping centers, and restaurants enhances the overall quality of life for families living in the area.

Looking Ahead: As we move into March, the Auburn Bay real estate market is expected to gain traction with the arrival of spring. Increased buyer activity is anticipated, creating opportunities for sellers. Buyers should be ready to act quickly on desirable listings. Overall, Auburn Bay remains a thriving community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.