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.

In October 2024, the real estate market in Arbour Lake, Calgary, reflected a dynamic yet balanced environment. Here’s a detailed overview of the market trends and community highlights for the month.

Market Highlights

• Sales Activity: A total of 9 residential properties were sold in October, reflecting a 31% year-over-year decline.

• New Listings: There were 18 new listings, marking a 13% increase from the same period last year, indicating a growing interest in selling within the community.

• Inventory: The inventory stood at 29 properties, a significant 164% increase year-over-year, translating to 3.22 months of supply—a sign of more options for potential buyers.

• Benchmark Prices:

  • Overall residential benchmark price reached $596,500, a 2.6% increase from the previous year.

  • Detached homes led with a benchmark price of $744,700, followed by semi-detached at $600,600 and apartment units at $341,900.

• Market Trends: The sales-to-new-listings ratio stood at 0.5, indicating a more balanced market leaning slightly toward a buyer’s market.

Community Features

Arbour Lake remains one of Calgary’s most sought-after neighborhoods, offering both urban convenience and natural beauty:

• Lake Access: Residents enjoy exclusive access to Calgary’s only northwest lake, ideal for swimming, boating, and year-round fishing.

• Recreational Amenities: The community is known for its walking trails, parks, and proximity to fitness facilities, making it perfect for an active lifestyle.

• Schools and Family Appeal: Highly rated schools and family-oriented amenities contribute to its desirability.

• Connectivity: With access to major roadways and public transit, commuting to downtown Calgary or other areas is seamless.

• Shopping and Dining: Local shopping centers and a variety of restaurants cater to daily needs and lifestyle preferences.

Arbour Lake continues to offer a combination of strong property values and high quality of life, making it an appealing choice for homeowners and investors alike.

If you’d like a deeper dive into specific property types or trends, let me know!

Many clients say that Arbour Lake is really hot right now! This may be because Arbour Lake is a lake community with excellent transportation links, a large community shopping center, and nearby library, fitness, and entertainment facilities. Many residents can even enjoy distant views of the Rocky Mountains from their homes.

Housing prices are quite high—one-bedroom condos with underground parking are around $200,000, while in southern communities like Somerset, Evergreen, and Bridlewood, you can find similar properties for around $170,000. Additionally, a detached house with a backyard, double garage, and finished basement costs around $380,000, whereas in many other communities, that price could get you a front-attached double garage home.

With a backyard view like this, a 2,900 square foot home with a walkout basement is selling for $993,000—almost a million.

Detached:

51 properties were sold from August to October, 35 of them are Single Family Houses.

There was a 502 Square Meters lot sold at $305,000.

The average sold price for 2 story house without garage or with single detached garage was $354,167.

The average sold price for 2 story house with double attached garage was $494,852. 

Condominium:

15 condominiums were sold from August to October. 

The average sold price for one-bedroom-apartment is $207,500 with underground parking.

The average sold price for two-bedroom-apartments is $265,167.

Town house:

The only town house was sold at $275,000. It has 3 bedrooms without attached garage.

City and mountain views from this 3+1 bedroom fully developed,warm, bright & open 2- storey walkout in Arbour Lake with south facing backyard. Upgrades include 9' ceilings, hardwood & tile floors, rounded corners, built in audio, vacuum & security systems. Custom blinds for all windows & solar screens for rear windows . Main floor features huge oak kitchen with breakfast bar & eating nook leading to full width, two-tiered deck with gas hook-ups; Great room with gas frplc and built-ins, formal living room, formal dining room. Upstairs features spacious master bedroom with built-ins, walk-in closet and spa-like ensuite; Two more extra-large bedrooms with built in shelves in closets; 4-piece bathrm. The walkout level features pool-table ready rec room with more built-ins and gas frplc, fourth bedroom and a 4-piece bathrm; Private lower deck has screened-in hot tub. Oversized double garage. This inviting home is on a beautifully landscaped lot within walking distance of schools, shopping, transit & lake