Arbour Lake – Oct 2024

Arbour Lake latest Real Estate Report – 2024 October

Arbour Lake Real Estate Monthly Summary – October 2024

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!