Posted on
March 1, 2010
by
Team Jillain
Community Market Report
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February 2010 showed promising developments in the Auburn Bay community of Calgary, as the real estate market continued its path toward recovery. This picturesque neighborhood, known for its beautiful lake and family-oriented atmosphere, has garnered significant interest from homebuyers.
Market Overview: In February, Auburn Bay experienced 18 home sales, an increase from January's 15 sales. The average sale price for homes rose to approximately $395,000, reflecting the community’s ongoing appeal and the gradual recovery of the Calgary real estate market. This price point remains attractive for first-time buyers and families seeking affordable yet quality living options.
Inventory and Trends: Currently, Auburn Bay has 35 active listings, featuring a variety of homes including single-family residences, townhouses, and condos. Properties are selling at an average of 28 days on market (DOM), indicating a positive shift toward a more active market. Many homes are receiving competitive offers, especially those that are well-maintained and priced appropriately.
Community Insights: Auburn Bay continues to thrive due to its strong sense of community and access to recreational facilities. The lake offers opportunities for swimming, fishing, and year-round activities, while local parks and pathways enhance the outdoor experience. The neighborhood’s amenities, including schools, shopping, and dining options, contribute to its attractiveness.
Looking Ahead: As we approach spring, the Auburn Bay real estate market is expected to maintain its momentum. Increased buyer activity is likely as the weather improves, and the community’s desirable features continue to draw interest. Sellers can expect a competitive market, while buyers should be ready to act quickly on desirable listings. Overall, Auburn Bay remains a vibrant and sought-after community within Calgary’s real estate landscape.