Sales and Market Trends:

• Total residential sales for Auburn Bay stood at 34, maintaining consistency with the previous year 

• New residential listings increased to 33, marking a 22% YoY growth.

• Inventory levels rose significantly to 48 units, reflecting a 78% YoY increase.

• Months of supply for November was 1.41, slightly higher compared to last year, indicating a balanced market leaning towards a buyer's trend.

Price Metrics:

• The overall benchmark price for residential properties reached $630,900, representing a 2.0% YoY increase.

  • Detached Homes: Average price at $804,300, unchanged from last year.

  • Semi-Detached Homes: Average price rose to $521,900 (12.5% YoY increase).

  • Row Houses: Slight price increase to $461,400 (7.3% YoY increase).

  • Apartments: Reached $373,800, reflecting a 6.0% YoY increase.

Sales-to-New-Listings Ratio (S/NL):

• The S/NL ratio for November was 1.03, maintaining a balanced market dynamic.

Market Observations:

• The detached and row housing segments retained steady sales volume with no significant year-over-year change.

• Apartments showed a decline in sales but maintained stability in inventory levels.

• Semi-detached homes experienced a notable sales surge (200% YoY increase) with inventory also showing growth.

This overview highlights a stable yet slightly cooling market as increased inventory provides buyers with more options while prices continue to trend upwards in key segments.

Overview

In October 2024, Auburn Bay in SE Calgary saw significant activity in its real estate market, reflecting both a strong demand and notable price increases across different property types. This report provides a detailed analysis of the residential market performance, including price trends, inventory levels, and sales statistics.

Market Snapshot

• Average Home Price: $631,600.00

• Median Home Price: $610,000

• Price Range: $370,000 to $1,435,000

• Average Days on Market: 23

• Total Residential Sales: There were 31 total residential property sales in October, a 63% increase year-over-year (Y/Y).

• New Listings: New listings increased by 34% Y/Y, totaling 47 for the month.

• Inventory: The total residential inventory stood at 60, marking a 19% increase from October 2023.

• Months of Supply: The overall months of supply reached 1.94, indicating a somewhat balanced market, though leaning towards a seller's market in specific property types due to low supply.

Property Type Analysis

1. Detached Homes

   • Sales: 16 detached homes were sold, a remarkable 129% increase Y/Y.

   • Benchmark Price: $803,100, reflecting a 9% rise from the previous year.

   • New Listings: 23 new listings, marking a 44% increase Y/Y.

   • Months of Supply: 1.17, indicative of a competitive seller's market for detached properties.

2. Semi-Detached Homes

   • Sales: Sales remained stable with 3 units sold, the same as October 2023.

   • Benchmark Price: $520,800, up by 10% Y/Y.

   • New Listings: 6 new listings, a 100% increase compared to the previous year.

   • Months of Supply: 0.61, showing strong demand and limited supply in this segment.

3. Row Houses

   • Sales: Sales reached 9 units, an 80% increase Y/Y.

   • Benchmark Price: $465,300, up by 15% from October 2023.

   • New Listings: There were 10 new listings, marking a 150% increase Y/Y.

   • Months of Supply: 0.97, maintaining a tight supply level for row homes.

4. Apartment Condos

   • Sales: Apartment sales decreased, with only 3 units sold (a 25% decline Y/Y).

   • Benchmark Price: $377,300, a significant 18% increase Y/Y, likely due to the scarcity of available inventory.

   • New Listings: New listings decreased to 8, a 33% drop from the previous year.

   • Months of Supply: High at 6.33, indicating a slower-paced buyer's market.

Price Trends and Affordability

The benchmark price for total residential properties in Auburn Bay averaged $631,600, marking a 6% increase from the prior year. Across all property types, detached homes continued to command the highest prices, while apartment condos remained the most affordable.

Price Distribution

• A majority of detached home sales occurred in the $700,000–$999,999 price range.

• Row houses and semi-detached homes typically fell in the $400,000–$599,999 range, appealing to middle-market buyers.

• Apartment sales were concentrated below $400,000, catering to entry-level and investment buyers.

Conclusion

Auburn Bay’s real estate market in October 2024 reflected strong demand, particularly for detached, semi-detached, and row houses. Increased sales and rising prices across most segments indicate robust buyer interest. Apartment condos, however, faced softer demand, likely due to higher months of supply. The market dynamics suggest Auburn Bay remains attractive for both homeowners and investors, with low months of supply in several categories signaling continued demand-driven price support.

Auburn Bay Community Statistics Summary

Auburn Bay is a vibrant lake community located in Calgary’s southeast quadrant, known for its family-friendly atmosphere and appealing amenities. As of 2023, the neighborhood continues to attract a diverse range of residents, from young professionals to families.

Population and Demographics: Auburn Bay has a population of approximately 10,000 residents. The community is predominantly made up of families, with a significant percentage of residents aged 30 to 40. This demographic is drawn to the area for its excellent schools, recreational facilities, and safe environment.

Housing Market: The real estate market in Auburn Bay remains robust, with various housing options available. The average home price is around $480,000, with properties typically ranging from $350,000 for townhomes to over $700,000 for larger single-family homes. The average days on market for homes is about 30 days, indicating a competitive market.

Amenities: Auburn Bay features a private lake, parks, and numerous walking and biking trails, promoting an active lifestyle. Key amenities include:

• Schools: Several highly-rated schools serve the community, making it an attractive choice for families.

• Recreation: The Auburn Bay Residents Association offers access to community events, activities, and the lake, enhancing community engagement.

• Shopping and Services: Residents enjoy convenient access to shopping centers and services within a short drive.

Transportation: Auburn Bay is well-connected to major roadways and public transit options, providing easy access to downtown Calgary and surrounding areas.

Overall, Auburn Bay combines natural beauty, modern conveniences, and a strong sense of community, making it a desirable place to live in Calgary. As the area continues to grow, it remains an attractive option for potential homebuyers and investors alike. 

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Auburn Bay Calgary Q3 2024 Real Estate Community Report

As of Q3 2024, Auburn Bay continues to be one of Calgary's most sought-after communities, thanks to its appealing blend of urban amenities and natural beauty. Nestled around a picturesque lake, the neighborhood offers a unique lifestyle that attracts families and young professionals alike.

Market Overview: The real estate market in Auburn Bay remains robust, with a steady increase in both home sales and property values. Average home prices in Q3 reflecting a 5% increase compared to the same period last year. The demand for single-family homes has been particularly strong, driven by the community's family-friendly environment and proximity to schools and parks.

Inventory and Sales: There has been a slight decrease in inventory, with around 120 active listings at the end of Q3. This tightening of available homes has led to quicker sales, with properties often selling within weeks of listing. The average days on market have decreased to 25 days, indicating a competitive market. Total 106 sales.

1. Detached Homes

   • Price Range: $565,000 - $1,370,000.00

   • Sales: 46 homes sold

   • Days on Market (DOM): 25 days

2. Duplex Homes

   • Price Range: $510,000 - $669,500

   • Sales: 6 homes sold

   • Days on Market (DOM): 25 days

3. Townhouses

   • Price Range: $345,000-$535,000

   • Sales: 22 townhouses sold

   • DOM: 27 days

4. Condos

   • Price Range: $245,000-$435,000

   • Number of Listings: 15

   • Sales: 32 condos sold

   • DOM: 35 days

Community Amenities: Residents enjoy a variety of amenities, including access to the Auburn Bay Lake, recreational facilities, and numerous walking trails. The community is well-serviced by local schools, shopping centers, and healthcare facilities, making it a convenient choice for families.

Future Outlook: Looking ahead, the community is expected to maintain its upward trajectory, supported by ongoing development and infrastructure improvements. With continued interest from buyers and a strong local economy, Auburn Bay remains a vibrant community poised for growth.

Overall, Auburn Bay's real estate market in Q3 2024 reflects a healthy balance of demand and supply, making it an attractive option for both current residents and prospective buyers. 

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Auburn Bay Community Market Report

Overview

As of September 2024, Auburn Bay continues to be one of Calgary's most sought-after communities, known for its beautiful lake, parks, and family-friendly amenities. The real estate market in this area shows a mix of stability and growth, reflecting broader trends in Calgary’s housing market.

Market Performance

• Average Home Price: The average home price in Auburn Bay has risen to approximately $632,500, marking a 1.5% increase from the previous year.

• Sales Volume: There were 34 homes sold in September 2024.

  11 SOLD Detached houses $590,000-$1,207,500;

  3 SOLD Duplex houses $520,000-$669,500;

  9 SOLD Townhouses $354,900-$535,000;

  11 SOLD Apartment $292,000(1-bedroom) - $425,000 2-bed-2-bath.

• Days on Market: Homes in Auburn Bay are averaging 28 days on the market before selling, which is consistent with trends from earlier this year.

Inventory and Demand

• Active Listings: There are currently 58 active listings in Auburn Bay, providing a range of options from townhouses to single-family homes. Inventory levels were increased compared to last year, as we saw more sellers put their homes on the market.

• Buyer Demographics: The majority of buyers in Auburn Bay remain young families and first-time homebuyers, drawn by the community’s amenities, schools, and access to outdoor activities.

Market Trends

• Pricing Trends: The upward trend in prices can be attributed to the limited inventory and continued demand for homes in family-oriented communities. While interest rates have risen, many buyers are still motivated by long-term investment potential and lifestyle benefits.

• New Developments: Several new developments are underway, with a focus on sustainable living and community-oriented design. These projects are expected to further enhance the appeal of Auburn Bay.

Conclusion

Overall, Auburn Bay remains a resilient market with solid growth potential. While challenges such as rising interest rates and inventory shortages persist, the community’s attractive lifestyle and amenities continue to draw buyers. Stakeholders are advised to keep a close watch on emerging trends and shifts in buyer behavior as the market evolves.

Recommendations

• For Sellers: Consider pricing competitively to attract buyers quickly, given the current average days on market.

• For Buyers: Act promptly when suitable properties arise, as inventory remains limited and competition is strong.

This report provides a snapshot of the Auburn Bay real estate market as of September 2024, highlighting key metrics and trends that define this vibrant community.

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Auburn Bay School | Calgary Board of Education

Auburn Bay School, part of the Calgary Board of Education, is proud to serve students from Kindergarten to Grade 6. Our school community is dedicated to providing a high-quality education that fosters academic achievement, personal development, and social responsibility.

We offer a variety of engaging programs designed to meet the diverse needs of our learners, including enriched academic opportunities, arts education, and physical education. Our dedicated team of approximately 30 qualified teachers is committed to creating a supportive and challenging environment that encourages students to reach their full potential.

For families relying on transportation, we provide a safe and reliable school bus service, ensuring that all students have easy access to our facilities.

Auburn Bay School is recognized for its commitment to excellence, consistently ranking well in assessments by the Fraser Institute. Our focus on educational quality and student success reflects our goal of preparing students for future academic challenges and lifelong learning.

We invite you to join our vibrant school community, where every child is encouraged to explore, grow, and succeed!

Lakeshore School | Calgary Board of Education

Lakeshore School, part of the Calgary Board of Education, proudly serves students from Kindergarten to Grade 6 in the beautiful Auburn Bay community. Our mission is to provide a welcoming and inclusive environment where every child can thrive academically, socially, and emotionally.

We offer a diverse range of programs that cater to the unique needs of our students, including arts education, physical education, and enriched academic opportunities. With a dedicated team of approximately 30 teachers, we are committed to fostering a love of learning and helping each student reach their full potential.

To support our families, Lakeshore School provides a reliable school bus service, ensuring safe and convenient transportation for all our students.

Lakeshore School consistently receives positive rankings from the Fraser Institute, reflecting our commitment to high educational standards and student achievement. Our focus on academic excellence, alongside character development, prepares our students for future success.

We invite you to join our vibrant school community, where every child is encouraged to explore their interests, develop their talents, and build lasting friendships!

Prince of Peace School

Located in the heart of Auburn Bay, Prince of Peace School is a proud member of the Calgary Catholic School District, offering a nurturing environment for students from Kindergarten to Grade 9. Our school is dedicated to fostering a strong foundation in faith, academics, and character development.

At Prince of Peace, we provide a wide array of programs, including enriched curriculum options, arts education, and physical education, designed to meet the diverse needs of our students. Our dedicated staff, consisting of approximately 35 teachers, is committed to inspiring a love of learning and helping each student achieve their full potential.

For your convenience, we offer a reliable school bus service, ensuring that all students can easily access our facilities and participate in school activities.

Prince of Peace School consistently ranks well in assessments by the Fraser Institute, reflecting our commitment to academic excellence and student success. Our holistic approach not only emphasizes high educational standards but also nurtures the values of compassion, respect, and community.

We invite you to become part of our vibrant school community, where every child is encouraged to grow in knowledge, faith, and friendship!

St. Gianna School

Located in the thriving Auburn Bay community, St. Gianna School is a proud member of the Calgary Catholic School District, serving students from Kindergarten to Grade 6. Our mission is to provide a faith-centered education that promotes academic excellence, character development, and community engagement.

At St. Gianna, we offer a wide range of programs designed to meet the diverse needs of our students, including enriched academic courses, arts education, and physical education. Our dedicated staff of approximately 30 teachers is passionate about creating a supportive and inspiring learning environment that empowers each student to reach their full potential.

For families' convenience, we provide a reliable school bus service, ensuring safe and accessible transportation for all students.

St. Gianna School consistently ranks well in assessments by the Fraser Institute, highlighting our commitment to high educational standards and student success. We focus not only on academic achievement but also on nurturing values of compassion, respect, and community involvement.

We invite you to be a part of our vibrant school community, where every child is encouraged to grow in knowledge, faith, and friendship!

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Auburn Bay Community Market Report

August 2024 marked an exciting month for the Auburn Bay community in Calgary, a neighborhood celebrated for its scenic lake, recreational amenities, and family-friendly atmosphere. As summer winds down, the real estate market has demonstrated resilience and continued appeal among homebuyers.

Market Overview: In August, Auburn Bay recorded 26 home sales. The competitive landscape remains robust, with many homes attracting multiple offers shortly after listing.

• 14 SOLD Detached houses $565,000-$960,000.

• 2 SOLD Duplex houses $510,000-$533,500;

• 5 SOLD Townhouses $345,000-$525,000;

• 5 SOLD Apartments $245,000(1-bedroom-apartment) - $435,000.

Inventory and Trends: Currently, there are 49 active listings in Auburn Bay, encompassing a variety of options from single-family homes to townhouses. Properties are selling quickly, with an average Days on Market (DOM) of 20 days. This brisk turnover indicates a healthy demand, particularly for well-maintained homes that meet buyers’ expectations.

• Detached houses 23 days; 

• Duplex houses 13 days; 

• Townhouses 13 days; 

• Apartments 22 days.

Community Insights: Auburn Bay's appeal is bolstered by its extensive amenities, including parks, schools, and the beautiful lake that serves as a hub for outdoor activities. The community’s strong sense of belonging is enhanced by various events and social gatherings, fostering connections among residents. Recent developments, including new retail spaces, further enrich the living experience.

Looking Ahead: As we move into the fall season, the Auburn Bay market is expected to maintain its momentum. While the number of buyers may taper off with the onset of cooler weather, the enduring demand for homes in this community suggests that opportunities will remain. Sellers are encouraged to capitalize on current market conditions, while buyers should remain vigilant as properties continue to be in high demand. Overall, Auburn Bay stands out as a prime location within Calgary's real estate landscape. 

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Auburn Bay Real Estate Market Report

Overview: Auburn Bay, a vibrant community in southeast Calgary, continues to show strong real estate activity as we reach the midpoint of 2024. Known for its beautiful lake, parks, and family-friendly amenities, the area remains a desirable choice for both first-time buyers and families.

Market Performance:

• Sales Activity: July 2024 saw a moderate increase in home sales compared to the same month last year. A total of 46 homes were sold, reflecting a 10% increase year-over-year. This rise can be attributed to a combination of strong demand and limited inventory.

• Price Range:

  • 21 SOLD Detached houses $587,500-$1,370,000;

  • 1 SOLD Duplex house $540,000;

  • 8 SOLD Townhouses $375,000(Bungalow style)-$510,000;

  • 16 SOLD Apartments $290,000-$412,000;

• Days on Market: Homes in Auburn Bay averaged 28 days on the market before selling, a decrease from 32 days in July 2023. This suggests a competitive market, with buyers acting swiftly on available listings.

Inventory:

• Current Listings: As of July 2024, there were 70 active listings in Auburn Bay, a slight decrease from 80 in the same period last year. The lower inventory has contributed to the upward pressure on prices, as buyers face fewer options.

• Type of Homes: The majority of sales were single-family homes, accounting for about 70% of transactions, with townhomes and condos making up the remainder. The demand for single-family homes continues to outpace supply, driving competition.

Market Trends:

• Buyer Demographics: The buyer pool remains diverse, with a mix of young professionals, families, and retirees drawn to the community's amenities and lifestyle.

• New Developments: Continued investment in infrastructure and new residential projects is anticipated, which may impact future inventory levels and pricing dynamics.

Conclusion: The real estate market in Auburn Bay is currently favorable for sellers, with strong demand and rising prices. Buyers should act promptly to secure homes in this sought-after community. As we move into the latter half of 2024, monitoring inventory levels and market trends will be essential for both buyers and sellers.

Recommendations:

• For Buyers: Stay proactive and consider pre-approval for mortgages to strengthen your position in a competitive market.

• For Sellers: Proper staging and pricing strategies can capitalize on the current demand, maximizing return on investment.

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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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The second quarter of 2024 in Auburn Bay, SE Calgary, has shown a continued resilience in the housing market, reflecting broader trends in the Calgary real estate landscape. As we move further into the year, various factors, including interest rates, economic stability, and buyer sentiment, have shaped the market dynamics.

Market Highlights

• Sales Activity: The total number of residential sales in Auburn Bay increased by 12% compared to the previous quarter. 147 properties were sold in Apr-Jun. 30.61% in apartment section, 17% in Townhouse section, 10.2% in Duplex section, 42.18% in Detached section.  This uptick indicates strong buyer demand and a competitive market environment.

• Price Range:

  Detached houses, 62 SOLD,  $600,000 - $2,600,000; 

  Duplex houses, 15 SOLD, $511,500 - $666,000;

  Townhouses, 25 SOLD, $292,500 - $540,000;

  Apartments, 45 SOLD, $270,000 - $430,000.

• Inventory Levels: Inventory levels remained relatively stable, with approximately 85 active listings by the end of June. This represents a slight decrease of 8% from the previous quarter, indicating a tightening market.

• Days on Market: Homes in Auburn Bay sold faster this quarter, with the average days on market decreasing to 25 days. This reflects heightened buyer activity and competitive bidding situations for desirable properties.

Buyer Trends

• Demographics: The buyer profile in Auburn Bay continues to evolve, with an increasing number of first-time homebuyers and young families drawn to the community’s amenities and recreational opportunities.

• Preferred Property Types: Single-family homes remain the most sought-after property type, though townhouses are gaining traction due to their affordability and lower maintenance requirements.

• Lifestyle Appeal: Auburn Bay's appeal lies in its community features, including parks, walking trails, and proximity to schools, which resonate well with families looking for quality living environments.

Economic Factors

• Interest Rates: The Bank of Canada maintained interest rates this quarter, contributing to a favorable borrowing environment for buyers. This stability has encouraged many to enter the market, driving demand.

• Job Growth: Calgary’s economy has shown signs of recovery with job growth in various sectors, further boosting consumer confidence and spending power in the housing market.

Outlook

Looking ahead, the Auburn Bay real estate market is expected to remain robust through the summer months. Continued demand, coupled with limited inventory, may lead to further price increases. However, potential fluctuations in interest rates and economic conditions could introduce variability in buyer sentiment.

Conclusion

Overall, the second quarter of 2024 in Auburn Bay SE Calgary has demonstrated a positive trajectory, characterized by increased sales activity, rising home prices, and a competitive market landscape. Stakeholders should remain attentive to emerging trends and economic factors that could impact the market in the coming months.

This report serves as a snapshot of the current real estate landscape in Auburn Bay and aims to provide valuable insights for buyers, sellers, and investors alike.

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April 2024 marked an active period for the Auburn Bay real estate market in SE Calgary, showcasing the community's appeal and the dynamics of the housing landscape. Known for its lake, parks, and family-friendly environment, Auburn Bay continues to attract a diverse range of buyers.

Market Highlights

• Sales Activity: The month of April saw approximately 43 residential sales. This growth indicates sustained demand as the spring market heats up.

• Home Prices: Buyers can find one-bedroom-apartment at $270,000, two-bedroom-apartment under $300,000, townhouses as low as $381,000, while detached homes between $627,000 and $1,086,000.

• Inventory Levels: By the end of April, Auburn Bay had about 95 active listings, a slight increase from March. This increase in inventory, although modest, still reflects the ongoing demand for homes in the area.

• Days on Market: Homes in Auburn Bay sold at an average of 27 days on the market, a decrease from the previous month, suggesting a competitive environment where well-priced properties are attracting buyers quickly.

Buyer Trends

• Demographics: The buyer demographic remains diverse, with a mix of first-time homebuyers, young families, and investors. The community's amenities and quality of life continue to resonate with various buyer groups.

• Property Preferences: Single-family homes are still the preferred choice among buyers, but there is growing interest in townhouses due to their affordability and lower maintenance needs.

• Lifestyle Appeal: Auburn Bay's appeal lies in its recreational opportunities, including the lake, walking paths, and community events. These features make it an attractive destination for families seeking an active lifestyle.

Economic Factors

• Interest Rates: The steady interest rates maintained by the Bank of Canada have encouraged buyer activity, as affordable financing remains accessible for many.

• Local Employment Trends: Positive job growth in Calgary, particularly in sectors such as technology and healthcare, has contributed to increased consumer confidence and spending power.

Outlook

Looking ahead, the Auburn Bay real estate market is expected to remain robust as the warmer months approach. The combination of rising demand and a relatively stable inventory may lead to continued price appreciation. Buyers should be prepared for competitive bidding situations, especially for desirable properties.

Conclusion

April 2024 was a promising month for the Auburn Bay community in SE Calgary, characterized by increased sales, rising prices, and a dynamic market environment. As the community continues to develop and attract new residents, stakeholders should remain aware of emerging trends and economic factors that may influence future growth.

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March 2024 was a dynamic month for the Auburn Bay real estate market in SE Calgary, reflecting continued interest in this family-oriented community. With its array of amenities and recreational opportunities, Auburn Bay remains a sought-after location for buyers.

Market Highlights

• Sales Activity: In March, there were approximately 52 residential sales in Auburn Bay, a slight increase compared to February. This uptick indicates a growing momentum as the spring market begins to unfold.

• Property Types:

  • Single-Family Homes: Started as low as CAD 555,000 to highest $1,280,000. These homes are popular among families seeking spacious living and access to community amenities.

  • Duplex houses: SOLD between CAD $557,000 and $664,000.

  • Townhomes: SOLD between CAD $340,000 and $520,000, townhomes are gaining traction among first-time buyers and young families looking for affordable options without compromising on space.

  • Condos: The condo SOLD prices were between $277,000 AND $449,900, appealing to those seeking lower maintenance living and proximity to amenities.

• Days on Market: Homes in Auburn Bay sold relatively quickly, with an average of 30 days on the market. This indicates a competitive environment, where well-priced listings are attracting buyers swiftly.

Buyer Trends

• Demographics: The buyer pool in Auburn Bay remains diverse, comprising first-time homebuyers, young families, and investors. The community’s recreational offerings, including parks and the lake, appeal to families seeking an active lifestyle.

• Property Preferences: While single-family homes dominate sales, there is notable interest in townhomes and condos, particularly among those looking for more affordable housing options.

Economic Factors

• Interest Rates: Stable interest rates have provided favorable conditions for buyers, encouraging them to make purchases without the pressure of rising borrowing costs.

• Employment Landscape: Continued job growth in Calgary’s economy has bolstered consumer confidence, allowing more potential buyers to enter the market.

Outlook

As we move into April and the spring market heats up, the Auburn Bay real estate market is expected to remain active. With demand still strong and inventory levels stabilizing, price growth may continue, particularly for desirable properties.