Calgary Real Estate Community Market Report - Sep 2008

Auburn Bay Monthly Community Market Report

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Market Overview: September 2008 presented a challenging but active real estate landscape in Auburn Bay. While broader economic concerns were beginning to affect buyer sentiment across Calgary, the community continued to show resilience with steady sales activity.

Sales Activity:

• Total Sales: This month, 22 homes were sold, a slight decrease from the previous month, reflecting the cautious approach many buyers were taking.

• Average Days on Market: Homes spent an average of 38 days on the market, indicating a reasonable level of interest but a shift towards a more balanced market.

• Average Sales Price: The average selling price for homes in Auburn Bay was approximately $395,000, showing some stabilization after earlier months of price increases.

Inventory Levels:

• Active Listings: There were 55 active listings in the community, providing buyers with a range of options.

• Price Range: Listings varied from around $340,000 for entry-level homes to over $600,000 for larger family homes, catering to a diverse demographic.

Market Trends: As economic uncertainty loomed, buyers became more selective, focusing on properties that offered good value and desirable features. Energy efficiency and modern amenities remained high on buyers' wish lists. Additionally, properties located near parks and schools continued to attract significant interest.

Community Insights: Auburn Bay’s appealing lake and community amenities, including parks and recreational facilities, contributed to its continued desirability. The neighborhood’s family-friendly environment remained a strong selling point, even amidst broader economic concerns.

Conclusion: September 2008 illustrated a market adapting to economic shifts, with stable sales and prices in Auburn Bay. As the community continues to develop and attract families, it remains a solid choice for homebuyers in Calgary.

For more detailed insights or personalized market analysis regarding Auburn Bay, please feel free to reach out!