Seton Community Market Report

Overview: Seton continues to experience a dynamic real estate market as of March 2024. The area has seen significant growth over the past year, driven by new developments, an increase in demand for housing, and a vibrant community atmosphere.

Market Trends:

1. Home Prices:

   • The average home price in Seton has risen by approximately 8% year-over-year, currently sitting around $470,625. This upward trend reflects both demand and a limited inventory of homes.

   • Detached single-family homes are particularly popular, with prices averaging $712,433, while townhomes are averaging $468,698.

2. Sales Activity:

   • March saw a notable increase in sales activity, with approximately 31 homes sold, increased from last year.

     6 SOLD Detached houses $610,000 - $950,000.

     1 SOLD Duplex house $595,000.

     7 SOLD Townhouses $268,000(Bungalow style) - $569,900.

     17 SOLD Apartments $288,000(1-bed-1-bath) - $469,900 (3-bed-2-bath).

   • The average days on market for homes decreased to 25 days, indicating a competitive environment where homes are selling quickly.

3. Inventory Levels:

   • The inventory of available homes remains low, with only about 58 properties listed for sale in March.

   • New construction continues to contribute to inventory but has not yet fully met the growing demand.

4. Buyer Demographics:

   • First-time homebuyers make up a significant portion of the market, drawn by affordable options in townhomes and smaller single-family homes.

   • There’s also a noticeable interest from young families and professionals seeking proximity to amenities and schools.

5. Market Outlook:

   • Analysts predict that the demand for homes in Seton will continue to rise throughout 2024, driven by ongoing economic development and an influx of residents.

   • Interest rates, while fluctuating, remain historically low, which may further stimulate buyer interest despite concerns about inflation.

Community Developments:

• New retail spaces and community centers are in the works, enhancing the overall appeal of Seton. These developments are expected to attract more residents and increase the demand for housing.

Conclusion: Seton’s real estate market in March 2024 is characterized by rising prices, low inventory, and strong demand, particularly among first-time buyers. As the community grows and new developments continue, Seton remains an attractive option for both buyers and investors in the Calgary area.

For more detailed insights or specific property listings, feel free to reach out!

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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.

Auburn Bay, a desirable lake community in Southeast Calgary, continues to attract buyers in February 2024. The area’s blend of recreational amenities, schools, and family-friendly environment makes it a sought-after location.

Property Types

The Auburn Bay real estate market includes a variety of property types, catering to different buyer needs:

1. Detached Homes

   • Price Range: $540,000 - $1,300,000.

   • Sales: 19 homes sold

   • Days on Market (DOM): 20 days

2.  Duplex Homes

   • Price Range: $469,000 - $534,000.

   • Sales: 2 homes sold

   • Days on Market (DOM): 20 days

3. Townhouses

   • Price Range: $353,000 - $513,000

   • Number of Listings: 25

   • Sales: 9 townhouses sold

   • DOM: 18 days

4. Condos

   • Price Range: $260,000 - 440,000

   • Number of Listings: 20

   • Sales: 16 condos sold

   • DOM: 25 days

Market Trends

• Increased Demand: The Auburn Bay market has seen a steady increase in buyer interest, particularly in single-family homes, which are often the most competitive.

• Quick Turnaround: Properties are selling faster compared to previous months, with average DOM decreasing, indicating strong demand and competitive offers.

• Price Stability: While prices have remained stable, slight increases in single-family home prices reflect ongoing demand and limited inventory.

Conclusion

The Auburn Bay real estate market in February 2024 is characterized by strong buyer interest, particularly in single-family homes, with properties selling quickly. As the market evolves, buyers and sellers alike should stay informed of trends and pricing dynamics.

In January 2024, Auburn Bay continues to be a vibrant community within Southeast Calgary, offering a mix of recreational amenities and a family-oriented environment. The real estate market shows promising activity as the new year begins.

Property Types

Auburn Bay features a range of property types, appealing to various demographics:

1. Single-Family Homes

   • Price: $688,500 - $ 1,110,000

   • Number of Listings: 40

   • Sales: 22 homes sold

   • Days on Market (DOM): 23 days

2. Townhouses

   • Price: $315,000 - $495,000

   • Number of Listings: 30

   • Sales: 8 townhouses sold

   • DOM: 21 days

3. Condos

   • Price: $238,900 - $415,000

   • Number of Listings: 18

   • Sales: 12 condos sold

   • DOM: 30 days

Market Trends

• Steady Activity: The market has maintained steady activity, with a reasonable number of listings and sales, reflecting buyer interest despite the winter season.

• Competitive Sales: Single-family homes, in particular, continue to attract competitive offers, resulting in quicker sales.

• Pricing Trends: While prices for single-family homes have seen slight increases, townhouses and condos remain relatively stable, indicating balanced market conditions.

Conclusion

The Auburn Bay real estate market in January 2024 is active and demonstrates a healthy mix of listings and sales across different property types. With continued interest and competitive sales, both buyers and sellers can navigate the market effectively as the year progresses.

Rising lending rates have had a notable impact on the housing sector, prompting potential buyers to search for more affordable housing options. Simultaneously, some potential sellers have refrained from listing their homes to avoid the consequences of higher rates. The decrease in new listings at lower price points has likely hindered overall sales activity, particularly as lower-priced properties contributed to declines in sales during 2023. Despite a moderation from record-high levels, strong migration growth and a robust labour market have kept sales well above long-term trends.

While international migration has influenced rental markets, resulting in increased rental gains and heightened demand from investors, interprovincial migration from higher-priced markets in British Columbia and Ontario has helped support sales growth in the higher price ranges of our market, even in the face of higher lending rates.

Moving into 2024, we anticipate that potential buyers who were previously on the sidelines due to limited supply choices may reenter the market as lending rates ease and listings improve.

At the same time, with more mortgages set to renew, we could see some gains in resale listings as existing homeowners who were previously hesitant to change their housing situation may be motivated to capitalize on rising prices and favourable seller market conditions. The combination of improved listings and heightened activity in the new home sector is anticipated to foster some growth in overall supply. However, given the persistent strong demand driven by recent migration and a healthy job market, it will take time for supply levels to rise sufficiently to restore balance to the market.

Although conditions are not expected to be as tight as in 2023, a seller’s market is projected to persist throughout the spring market, resulting in further price growth. However, the rate of growth for each property type is anticipated to slow compared to 2023 levels. Supply growth is expected to be mostly driven by the upper price ranges for each property type, which will likely decelerate the pace of price growth for higher-priced properties. Meanwhile, conditions are expected to remain tight for lower-priced properties, contributing to continued price gains.

HOUSING SUPPLY NEW HOME AND RENTAL IMPACT

The sudden and sharp rise in international migration has played a significant role in driving up demand for rental properties. This surge in rental demand has led to a decrease in supply and substantial increases in rental rates since 2022. The heightened rents have also spurred demand in the resale market, as both renters and investors actively pursued available resale properties.

Limited supply choice in the resale and rental markets supported stronger home starts activity in 2023. In the Calgary census metropolitan area, 2023 housing starts are on pace to hit record levels. Most starts have been in the apartment sector, with over half of the units targeted toward purpose-built rental.

Gains in new home starts for rental and ownership will help provide more choice in the market, helping shift the resale market away from the extreme seller’s market conditions we have faced over the past year. However, the supply growth will take time and is contingent on the migration flow into the city and the development process.

Please read the full forecast here.

As December 2023 comes to a close, Auburn Bay remains a popular community in Southeast Calgary, known for its picturesque lake and family-friendly atmosphere. The holiday season typically brings a slight slowdown in real estate activity, but the market has shown resilience. Total 17 sales.

Property Types

The Auburn Bay real estate market consists of various property types, catering to diverse buyer preferences:

1. Detached Homes

   • Price Range: $549,150 - $2,125,000.00

   • Number of Listings: 38

   • Sales: 5 homes sold

   • Days on Market (DOM): 25 days

2. Duplex Homes

   • Price Range: $495,000 - $545,000.00

   • Sales: 2 homes sold

   • Days on Market (DOM): 25 days

3. Townhouses

   • Price Range: $338,000-$410,000

   • Sales: 4 townhouses sold

   • DOM: 27 days

4. Condos

   • Price Range: $264,000-$355,000

   • Number of Listings: 15

   • Sales: 5 condos sold

   • DOM: 35 days

Market Trends

• Moderate Activity: The December market reflects moderate activity, consistent with seasonal trends. While sales slowed compared to the fall months, buyer interest remained steady.

• Days on Market: The average DOM for all property types shows that homes are selling within a reasonable timeframe, particularly single-family homes which are in higher demand.

• Price Stability: Prices have remained stable across the board, with slight increases noted in single-family home values, suggesting a healthy demand for this property type.

Conclusion

In December 2023, the Auburn Bay real estate market showcases a balance of listings and sales, maintaining stability during the holiday season. While activity may dip slightly, the community's appeal continues to attract buyers, making it a promising market as we head into the new year.

Auburn Bay Real Estate Monthly Report

November 2023 marked a noteworthy month for the Auburn Bay community in Calgary, reflecting a stable yet dynamic real estate market. The community, known for its picturesque lake, family-friendly environment, and convenient amenities, continues to attract buyers looking for both primary residences and investment opportunities.

Market Overview: In November, Auburn Bay saw a total of 34 homes sold. The average sale price settled at $630,800, indicating a modest increase compared to the previous month. The market remains competitive, with homes typically receiving 5-10 offers within the first week of listing.

Inventory and Trends: Current listings show a healthy supply, with 27 active properties on the market. This includes a mix of single-family homes, townhouses, and condos, catering to diverse buyer needs. Days on market (DOM) for sold homes averaged 20 days, highlighting a brisk pace despite the seasonal slowdown typical in winter months.

Community Insights: Auburn Bay's appeal remains strong due to its well-planned infrastructure, access to recreational facilities, and proximity to schools. The lake offers year-round activities, enhancing the lifestyle experience. Community events, such as the upcoming holiday markets, further foster a sense of belonging among residents.

Looking Ahead: As we approach the end of the year, the Auburn Bay market is expected to remain steady. Seasonal fluctuations may impact buyer activity, but the overall demand for homes in this desirable community continues to be robust. Buyers and sellers alike should remain vigilant, as favorable conditions could emerge, especially in the new year.

For prospective buyers and sellers, Auburn Bay represents a unique opportunity in Calgary's real estate landscape. 

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In October 2023, Auburn Bay continues to be a thriving community in Southeast Calgary, characterized by its lake, parks, and family-oriented amenities. The fall season typically brings a robust real estate market as buyers look to settle before winter. Total 19 sale.

Property Types

The Auburn Bay market features a variety of property types, appealing to different segments of buyers:

1. Detached Homes

   • Price Range: $580,000 - $992,000

   • Sales: 7 homes sold

   • Days on Market (DOM): 22 days

2. Duplex Homes

   • Price Range: $495,000 - $531,000

   • Sales: 3 homes sold

   • Days on Market (DOM): 22 days

3. Townhouses

   • Price Range: $299,000-$445,500

   • Sales: 5 townhouses sold

   • DOM: 19 days

4. Condos

   • Price Range: $335,000-$355,000

   • Number of Listings: 18

   • Sales: 4 condos sold

   • DOM: 28 days

Market Trends

• Strong Demand: The demand for single-family homes remains robust, evidenced by a higher number of sales and relatively quick turnover.

• Competitive Environment: Townhouses are also seeing strong interest, with many selling within three weeks, indicating a competitive market for buyers.

• Price Stability: Overall, property prices have shown stability with slight upward trends in single-family homes, suggesting sustained buyer confidence.

Conclusion

The Auburn Bay real estate market in October 2023 is active and healthy, with strong sales across various property types. The community’s attractive features and ongoing demand continue to drive interest, making it an appealing option for prospective buyers as the year approaches its end.

Rangeview Real Estate Quarterly Report

The third quarter of 2023 proved to be a transformative period for the Rangeview community in Calgary, showcasing its growing appeal among homebuyers. Nestled within a picturesque landscape, Rangeview combines modern living with natural beauty, making it a sought-after destination for families and professionals alike.

Market Overview: In Q3 2023, Rangeview recorded 12 home sales. The average sale price rose to $572,400, reflecting a healthy demand and increasing property values. Buyers are particularly attracted to the community’s well-designed homes and proximity to amenities, such as schools and parks.

Inventory and Trends: The current market shows a total of 30 active listings, providing a variety of options including single-family homes and townhouses. Homes are selling quickly, with an average Days on Market (DOM) of 18 days, indicating a competitive landscape. This swift turnover underscores the community's desirability, as buyers are eager to secure properties in Rangeview. 5 SOLD Detached houses, $569,900-$730,000. 1 SOLD Duplex houses, $530,000; 6 SOLD Townhouses, $510,000-$534,500.

Community Insights: Rangeview stands out for its unique integration of nature and urban living, featuring an extensive network of pathways and green spaces. The community’s design encourages outdoor activities, fostering a strong sense of community among residents. Upcoming developments, including new retail spaces and recreational facilities, promise to enhance the lifestyle offerings even further.

Looking Ahead: As we move into Q4, the Rangeview real estate market is expected to remain active, though typical seasonal trends may introduce some fluctuations. Buyers should be prepared for potential competition, while sellers can capitalize on the current demand. Overall, Rangeview’s blend of convenience and community spirit positions it as a key player in Calgary’s evolving real estate landscape.

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Overview

In August 2023, Auburn Bay remains a sought-after community in Southeast Calgary, known for its vibrant lifestyle, lakes, and recreational facilities. The summer months typically see a peak in real estate activity, and this month was no exception, with notable buyer interest. Total 45 sales.

Property Types

The real estate market in Auburn Bay features a diverse array of property types:

1. Detached Homes

   • Price range: $553,500 - $1,375,000.00

   • Number of Listings: 45

   • Sales: 19 homes sold

   • Days on Market (DOM): 20 days

2. Duplex homes

   • Price range: $490,500 - $629,900

   • Sales: 6 homes sold

   • Days on Market (DOM): 20 days

3. Townhouses

   • Price range: $215,000 - $500,000

   • Sales: 12 townhouses sold

   • DOM: 15 days

4. Condos

   • Price range: $231,500 - $410,000

   • Sales: 8 condos sold

   • DOM: 25 days

Market Trends

• Increased Activity: The market shows a healthy level of activity, with strong sales across all property types. Single-family homes are particularly popular, with a faster turnover.

• Quick Sales: Townhouses are moving quickly, with many selling in under three weeks, indicating strong buyer demand and competitive pricing.

• Price Adjustments: Prices for single-family homes have seen a slight increase compared to previous months, reflecting the ongoing desirability of the area.

Conclusion

The Auburn Bay real estate market in August 2023 is robust and dynamic, characterized by strong sales and quick turnover across various property types. The community’s appealing features and active lifestyle continue to attract buyers, positioning Auburn Bay as a highly desirable location in Calgary.

Overview

In July 2023, Auburn Bay remained a vibrant and desirable community in Southeast Calgary, characterized by its scenic lake, parks, and family-friendly atmosphere. The summer season typically brings heightened activity in the real estate market, and July was no exception, with a significant number of transactions. Total 40 sales. 

Property Types

Auburn Bay features a variety of property types, appealing to different buyers:

1. Detached Homes

   • Price range: $544,500 - $2,300,000

   • Sales: 20 homes sold

   • Days on Market (DOM): 18 days

2. Duplex Homes

   • Price range: $488,000 - $536,000

   • Sales: 5 homes sold

   • Days on Market (DOM): 8 days

3. Townhouses

   • Price range: $205,000 - $445,000

   • Sales: 5 townhouses sold

   • DOM: 12 days

4. Condos

   • Price range: $270,000 - $395,000

   • Number of Listings: 22

   • Sales: 10 condos sold

   • DOM: 30 days

Market Trends

• High Demand: The single-family home market demonstrated strong demand, with homes selling quickly, often within weeks of listing.

• Rapid Sales: Townhouses are also seeing rapid sales, indicating a competitive environment for buyers looking for lower-maintenance living options.

• Price Stability: Prices for both single-family homes and townhouses have remained stable, while condos experienced slight adjustments, reflecting market dynamics and buyer preferences.

Conclusion

The Auburn Bay real estate market in July 2023 is marked by robust activity and quick sales across various property types. The community’s appealing amenities and family-friendly environment continue to draw buyers, making Auburn Bay a highly desirable location in Calgary's real estate landscape.

June 2023 marked a dynamic month for the Auburn Bay real estate market in Southeast Calgary, as the summer season brought increased buyer activity. The community's appealing amenities, including its lake and parks, continue to attract families and young professionals alike. Total 40 sales.

Property Types

The Auburn Bay market features a diverse range of property types:

1. Detached Homes

   • Price range: $691.000 - $1,129,000

   • Sales: 14 homes sold

   • Days on Market (DOM): 18 days

2. Duplex Homes

   • Price: $525,000

   • Sales: 1 homes sold

   • Days on Market (DOM): 8 days

3. Townhouses

   • Price range: $197,000 - $450,000

   • Sales: 9 townhouses sold

   • DOM: 12 days

4. Condos

   • Price range: $220,000 - $395,000

   • Number of Listings: 22

   • Sales: 16 condos sold

   • DOM: 30 days

Market Trends

• Strong Sales: The market experienced robust sales, particularly in single-family homes and townhouses, indicating high demand.

• Quick Turnaround: Homes, especially townhouses, sold quickly, often within two weeks, reflecting a competitive environment.

• Price Stability: Prices for single-family homes have remained stable, while townhouses show slight upward trends, suggesting growing interest.

Conclusion

The Auburn Bay real estate market in June 2023 is characterized by strong buyer activity and quick sales across various property types. The community's attractive features continue to make it a desirable choice for homebuyers in Calgary. As summer progresses, this trend is likely to continue, making it an opportune time for both buyers and sellers in the market.