Calgary Auburn Bay Community Market Report – October 2004

Auburn Bay Monthly Real Estate Market Report

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Market Overview: In October 2004, Auburn Bay experienced a dynamic real estate market as the community continued to develop and attract new residents. The overall economic environment in Calgary remained positive, contributing to a healthy demand for homes in this growing neighborhood.

Sales Activity:

• Total Sales: There were 25 homes sold in Auburn Bay during October, reflecting strong interest from buyers.

• Average Days on Market: Homes were selling relatively quickly, with an average of 30 days on the market, indicating a competitive landscape.

• Sales Price: The average selling price for homes in Auburn Bay was approximately $360,000, showing a steady appreciation in property values as the area continued to establish itself.

Inventory Levels:

• Active Listings: The number of active listings stood at 40, indicating a balanced market with options for prospective buyers.

• Price Range: Listings varied from around $320,000 for entry-level homes to upwards of $500,000 for larger family-oriented properties, catering to a wide range of buyers.

Market Trends:

• Buyer Preferences: There was a noticeable preference for homes with modern designs and energy-efficient features, reflecting broader trends in homebuyer priorities.

• Community Development: Continued development of amenities, including parks and recreational facilities, further enhanced the appeal of Auburn Bay as a desirable residential area.

Community Insights: Auburn Bay's unique lake community and its emphasis on outdoor activities contributed to its popularity among families and young professionals. The area’s access to schools and services further solidified its reputation as a family-friendly neighborhood.

Conclusion: The Auburn Bay real estate market in October 2004 was marked by strong sales activity and rising prices. With continued development and community growth, Auburn Bay remains a key player in Calgary’s residential landscape.

Looking Ahead: As winter approaches, market activity may slow slightly, but the ongoing interest in Auburn Bay suggests that it will continue to be a sought-after community for buyers. Stakeholders should keep an eye on emerging trends as the area evolves.

For any further inquiries or detailed market analysis regarding Auburn Bay, please feel free to reach out!