Auburn Bay Real Estate Market Report
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June 2016 marked a period of steady activity in the Auburn Bay community of Calgary, as the real estate market showcased resilience amid fluctuating economic conditions. Known for its picturesque lake, family-friendly amenities, and strong community spirit, Auburn Bay continues to attract a variety of buyers.
Market Overview: In June, Auburn Bay recorded 25 home sales, a modest increase from 22 sales in May. The average sale price for homes was approximately $520,000, indicating stability in property values within this desirable neighborhood. This sustained demand reflects the ongoing appeal of Auburn Bay, particularly among families and young professionals seeking an engaging community environment.
Inventory and Trends: Currently, there are 40 active listings in Auburn Bay, providing a diverse selection of properties, including single-family homes, townhouses, and condos. Homes are selling at an average of 30 days on market (DOM), highlighting a balanced market where well-priced and well-maintained properties tend to attract buyer interest quickly.
Community Insights: Auburn Bay's charm is enhanced by its extensive recreational offerings, including the community lake, which is perfect for swimming and boating, along with numerous parks and walking trails. The neighborhood is known for hosting community events that foster connection among residents. Additionally, the proximity to schools, shopping, and dining options enhances the overall living experience.
Looking Ahead: As we transition into July, the Auburn Bay real estate market is expected to remain active. The summer months typically bring increased buyer activity, creating opportunities for sellers. While competition may rise for desirable listings, buyers are encouraged to act swiftly. Overall, Auburn Bay continues to be a vibrant and appealing community within Calgary’s real estate landscape, offering an excellent quality of life and solid investment potential.
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