Arbour Lake Real Estate Market Summary – January 2025

Market Trends by Property Type:

• Total Residential Market:

  • Sales: 8 transactions (no year-over-year change).

  • New Listings: 14 (a 56% increase from January 2024).

  • Inventory: 16 active listings (167% increase year-over-year).

  • Benchmark Price: $595,100 (3.3% increase year-over-year).

  • Months of Supply: 2.00 months (suggesting balanced market conditions).

• Detached Homes:

  • Sales: 5 homes sold (400% increase from January 2024).

  • New Listings: 7 homes (133% increase year-over-year).

  • Benchmark Price: $756,700 (8% annual increase).

  • Inventory: 5 active listings.

• Semi-Detached Homes:

  • Sales: 1 home sold (67% decrease year-over-year).

  • New Listings: No new listings recorded.

  • Benchmark Price: $614,600 (8% increase from 2024).

  • Inventory: No active listings available.

• Townhouses:

  • Sales: 1 transaction recorded.

  • New Listings: 2 properties listed.

  • Benchmark Price: $398,100 (8.9% annual increase).

  • Inventory: 4 active row home listings.

• Apartments:

  • Sales: 1 apartment sold (75% decrease from January 2024).

  • New Listings: 5 units listed (0% year-over-year change).

  • Benchmark Price: $329,600 (3.3% annual increase).

  • Inventory: 7 available units.

  • Months of Supply: 7.00 months (indicating a buyer's market for apartments).

2025 Arbour Lake Real Estate Outlook:

• Continued Demand for Affordable Housing:

  • Row homes and apartments will likely see strong interest due to their relatively lower price points.

  • Detached homes remain in high demand, reflected by their price appreciation.

• Supply Challenges and Market Balance:

  • Inventory has risen, easing some market pressure, but demand for specific property types (such as semi-detached) may lead to price volatility.

  • If interest rates remain stable, steady price growth across all housing types is expected.

• Seller’s Market for Detached Homes:

  • Strong demand and limited supply suggest continued price appreciation in the detached home sector.

• Buyer’s Market for Apartments:

  • High months of supply indicate favorable conditions for buyers in the apartment segment.

• New Construction and Development Impact:

  • Any upcoming developments in Arbour Lake could influence inventory levels and pricing trends throughout 2025.

Overall, Arbour Lake remains a sought-after community, with a dynamic market favoring different property types at varying levels. The overall trend suggests continued price appreciation but with potential opportunities for buyers in select segments like apartments.