Calgary Arbour Lake Real Estate Market Summary – November 2024

Market Trends by Property Type

1. Detached Homes

   • Benchmark Price: $740,700 (+7.2% year-over-year)

   • Sales: 9 (+80% Y/Y)

   • Inventory: 6 (-50% Y/Y)

   • Months of Supply: 0.75 (tight supply, strong seller’s market)

2. Semi-Detached Homes

   • Benchmark Price: $600,300 (+7.3% Y/Y)

   • Sales: 2 (+100% Y/Y)

   • Inventory: 1 (unchanged Y/Y)

   • Months of Supply: NA (limited sales data)

3. Row Homes

   • Benchmark Price: $413,900 (+12.0% Y/Y)

   • Sales: 0 (-100% Y/Y)

   • Inventory: 4 (+300% Y/Y)

   • Months of Supply: NA (no sales activity)

4. Apartments

   • Benchmark Price: $336,200 (+8.3% Y/Y)

   • Sales: 8 (+14% Y/Y)

   • Inventory: 6 (unchanged Y/Y)

   • Months of Supply: 1.35 (relatively balanced market)

5. Overall Market Performance

   • Total Residential Benchmark Price: $590,500 (+4.7% Y/Y)

   • Sales: 19 (+36% Y/Y)

   • New Listings: 17 (+42% Y/Y)

   • Inventory: 18 (+157% Y/Y)

   • Months of Supply: 0.95 (low inventory, favoring sellers)

Schools and Amenities in Arbour Lake

Arbour Lake is a sought-after community with top-rated schools, including:

• Elementary & Middle Schools: Arbour Lake School, Citadel Park School

• High Schools: Robert Thirsk High School

The community is well-known for its lake access, offering year-round recreation such as swimming, skating, and fishing.

Shopping and Features

• Shopping Centers: Crowfoot Crossing is a major retail hub, providing access to grocery stores, restaurants, and entertainment, including a movie theater.

• Recreation: Arbour Lake's private lake is a key attraction, along with nearby parks and walking trails. The Crowfoot YMCA offers fitness and community programs.