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.

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.

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.

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.