Market Highlights:
Total Residential Prices:
The benchmark price for residential properties in Auburn Bay reached $626,900, marking a 2.1% year-over-year increase.
Average property prices were up by 22.7%, reaching $681,500.
Sales and Inventory:
18 sales were recorded in December 2024, reflecting a 6% increase compared to December 2023.
Inventory levels rose by 65%, totaling 28 properties available for sale.
The months of supply increased to 1.56, indicating a slight cooling but still favorable market conditions for sellers.
Property Types:
Detached Homes: Benchmark price at $802,700, up 5.9% year-over-year.
Semi-Detached Homes: Benchmark price at $522,000, showing steady demand.
Row and Apartment Properties: Prices remained competitive, with apartments at a benchmark of $365,200.
New Listings:
A total of 16 new listings entered the market, a 33% increase compared to the same month last year.
Community Features:
Lifestyle and Amenities: Auburn Bay is a family-friendly community centered around a stunning 43-acre lake, offering year-round recreational activities such as swimming, fishing, and skating.
Green Spaces and Trails: The neighborhood boasts extensive parks, playgrounds, and pathways connecting residents to nature.
Accessibility: Convenient access to schools, shopping centers like Seton Urban District, and major roads makes Auburn Bay a desirable location.
Health and Wellness: The community is close to the South Health Campus, ensuring top-notch healthcare access for residents.
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