Calgary Auburn Bay Real Estate Market Report – June 2024

Auburn Bay Community Market Report

Auburn Bay, a picturesque lake community in southeast Calgary, has continued to thrive in June 2024. Known for its family-friendly atmosphere, recreational opportunities, and proximity to amenities, Auburn Bay remains a sought-after location for homebuyers.

Market Trends:

• Price Range: The average price for homes in Auburn Bay had a 4% increase compared to June 2023. This growth is driven by a combination of demand for single-family homes and new construction.

  • 23 SOLD Detached houses $600,00-$2,600,000;

  • 6 SOLD Duplex houses $526,500-$620,000;

  • 8 SOLD Townhouses $292,500(Bungalow style) - $540,000;

  • 16 SOLD Apartment $279,900-$430,000.

• Sales Activity: There were 53 properties SOLD in June 2024, recorded a 10% increase in sales compared to the same month last year. The market is characterized by brisk sales, with many listings seeing offers within days of hitting the market.

• Property Types: The market includes a diverse range of properties, from single-family homes and duplexes to townhouses and condos. There has been a notable uptick in demand for larger homes as families seek more space. The highest SOLD price is over $1,300,000 and it is not back on the lake.

Community Features:

• Amenities: Auburn Bay is well-equipped with amenities, including the popular Auburn House, which offers recreational facilities, events, and community programs. The lake and surrounding parks provide residents with numerous outdoor activities, including swimming, kayaking, and hiking.

• Shopping and Dining: The community has seen an expansion in retail and dining options. Residents enjoy convenient access to grocery stores, cafes, and restaurants, contributing to a vibrant community lifestyle.

• Transportation: Accessibility is a key feature of Auburn Bay. Major roadways and public transit options enhance connectivity to downtown Calgary and neighboring communities, making it an ideal location for commuters.

Community Engagement:

• Events: June 2024 featured various community events, such as summer festivals and outdoor movie nights, which helped foster a strong sense of community. These gatherings have been well-attended and reflect the active lifestyle of Auburn Bay residents.

• Environmental Initiatives: The community is committed to sustainability, with ongoing initiatives to promote green spaces and eco-friendly practices. Residents have shown enthusiastic participation in local gardening projects and environmental awareness campaigns.

Outlook:

The real estate market in Auburn Bay is expected to remain robust throughout the summer months. Continued interest from buyers, coupled with a limited inventory of homes, suggests that prices may continue to rise. Developers are actively working on new projects, which will likely add more options to the market in the coming months.

Conclusion:

Auburn Bay SE Calgary is experiencing a dynamic real estate market in June 2024. With increasing home prices, strong sales activity, and a vibrant community atmosphere, Auburn Bay continues to be a desirable location for homebuyers seeking a blend of convenience, community, and recreational opportunities. Now is an excellent time for potential buyers to explore what this fantastic community has to offer.

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