Arbour Lake remains one of NW Calgary’s most sought-after communities, combining strong market performance with the unique appeal of being Calgary’s only NW lake community. Here’s how the market shaped up in Q1 2025:

🔹 Detached Homes

• Sales Activity: 26 sales

• Benchmark Price: $722,433 (↑ 10.3% year-over-year)

• Market Trend: Low inventory has continued to drive up prices. Buyers are still willing to pay premiums for lake access and mountain views, especially on larger lots or renovated properties.

• Days on Market: Homes sold relatively quickly, especially those priced under $750K or offering modern upgrades.

🔹 Semi-Detached Homes

• Sales Activity: Limited (fewer listings available)

• Market Trend: These properties remain rare in Arbour Lake. When they do appear, they tend to attract downsizers or first-time buyers seeking lake access without the price tag of detached homes.

🔹 Row / Townhouses

• Benchmark Price: $421,100 (↑ 14.7% year-over-year)

• Market Trend: This segment saw the strongest price appreciation. Lower interest rates and affordability compared to detached homes have brought more competition to townhouses.

• Buyer Profile: Young professionals, investors, and small families.

🔹 Apartments

• Benchmark Price: $311,567 (↑ 16.5% year-over-year)

• Market Trend: A big jump in pricing driven by increased investor interest and new condo developments. Demand is also driven by retirees and first-time buyers wanting access to the lake lifestyle.

🧭 Supply & Demand Snapshot

• Inventory: Remains tight across all property types.

• Sales-to-Listing Ratio: Above 60%, indicating a strong seller’s market.

• Price Growth Drivers: Lake access, transit connectivity (near Crowfoot LRT), reputable schools, and community amenities.

🌊  Arbour Lake Lifestyle Update

🏖️ Lake Activities & Amenities (Winter-to-Spring Transition)

• Ice fishing and skating continued through early March thanks to sustained colder temps.

• The lake officially closed for ice use on March 15, transitioning into spring programming like shoreline clean-up and water testing.

• Residents are eagerly anticipating the May re-opening of water activities: paddle boarding, kayaking, and family beach events.

🧒 Community Programs

• Spring Kids Camps filled up quickly, with waitlists already forming.

• Lake Staff Recruitment began early this year due to expected record attendance this summer.

🎉 Events & Highlights

• Winter Carnival (February): Huge turnout with bonfires, skating trails, and food trucks.

• Spring Clean-Up Day (late March): Over 100 volunteers from the community helped prep green spaces and trails.

🔮 Outlook for Q2 2025

• Continued Price Growth Expected: Especially in the condo/townhome market.

• Detached Homes: May level off slightly as affordability becomes a bigger concern.

• Seller's Advantage: Still present, especially for well-maintained properties with lake views.

• Rental Market: Rising rents expected to push more buyers into entry-level condos.

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.

Market Trends:

• Sales Activity:

  • Total residential sales in Arbour Lake reached 87 units, reflecting a 16% decrease compared to December 2023.

  • Detached home sales saw a 67% decline year-over-year.

  • Semi-detached and row homes recorded 44% and 140% increases, respectively, in sales volume.

• Inventory & New Listings:

  • Active inventory was at 122 units, marking a 3% increase from last year.

  • Months of supply stood at 1.83 months, suggesting a continued seller's market.

  • New listings totaled 10 units, a 45% increase compared to December 2023.

• Pricing Trends:

  • The benchmark price for detached homes was $706,900, a 4.5% decrease year-over-year.

  • Semi-detached homes had a benchmark price of $596,700, growing 5.8% annually.

  • Row homes reached $408,200 (an 11.2% increase), while apartment units rose 11.7% to $326,900.

  • The total residential benchmark price for Arbour Lake stood at $565,500, an 8% increase from 2023.

2024 Annual Real Estate Summary:

• Market Performance:

  • The total residential sales for the year reached 749 transactions, a 9.9% increase compared to 2023.

  • The median home price was $715,000, up 7.7% annually.

  • The average home price in Arbour Lake stood at $750,585, reflecting a 4.1% increase from the previous year.

• Market Trends:

  • The supply remained tight throughout 2024, keeping months of supply below 2 months for most of the year.

  • Home values experienced steady growth, especially for attached and apartment-style properties, due to strong demand and limited availability.

  • Sales-to-new-listings ratio remained above 100%, reinforcing the seller-favorable market conditions.

Looking Ahead to 2025:

• Demand is expected to remain strong, particularly for more affordable property types like row homes and apartments.

• Supply constraints may continue to drive price growth, but interest rate fluctuations could impact buyer activity.

• New developments and resale home availability will be key factors in shaping the market dynamics in 2025.

Overall, Arbour Lake remained a competitive and high-demand community in 2024, showing resilience and steady price appreciation despite slight slowdowns in detached home sales.

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