Mahogany, Calgary’s largest lake community in the southeast, continues to attract homebuyers with its unparalleled waterfront lifestyle, walkable design, and proximity to Seton Urban District. Despite a modest year-over-year drop in overall sales, market activity remains stable and pricing shows resilience across key property types. Community vibrancy, expanding amenities, and ongoing events continue to enhance Mahogany’s long-term value.
📊 Overall Market Snapshot
Total Sales: 41 (↓2.4% Y/Y)
New Listings: 81 (↑44.6% Y/Y)
Inventory: 150 (↑134% Y/Y)
Months of Supply: 3.66 (↑140% Y/Y)
Total Residential Benchmark Price: $589,400 (↓1.7% Y/Y)
Increased supply has brought greater balance to the market, offering more options for buyers without significant downward pressure on prices.
🏡 Breakdown by Property Type
Detached Homes
Benchmark Price: $826,800 (↑1.0% Y/Y)
Trend: Steady appreciation
Detached homes remain Mahogany’s flagship offering, especially those near the lakefront or wetlands. These properties are in demand among move-up buyers and families seeking more space and premium finishes. The strong pricing and ongoing buyer interest indicate continued strength in this segment.
Semi-Detached Homes
Benchmark Price: $583,400 (↑2.1% Y/Y)
Trend: Moderate growth
Semi-detached homes offer an attractive blend of affordability and comfort, often located near parks and schools. This segment has seen healthy appreciation and is increasingly appealing to downsizers and young families entering the market.
Row/Townhomes
Benchmark Price: $501,600 (↑2.3% Y/Y)
Trend: Strong interest, especially in newer builds
Row homes remain one of the most active segments in Mahogany due to their affordability and design appeal. Many units feature double garages and front porches, adding to their popularity among first-time buyers and investors.
Apartment Condominiums
Benchmark Price: $361,900 (↓1.1% Y/Y)
Trend: Slight decline but stable demand
Apartments experienced a modest price pullback, though demand remains solid due to affordability and proximity to the Seton hospital, Mahogany Village Market, and public transit. Condos appeal to singles, seniors, and professionals.
📰 Community Highlights
🏖 Lake Life Reawakens
Spring weather brought renewed activity to Mahogany Beach Club, with families enjoying lakeside walking trails, paddleboarding, and the reopening of picnic areas. Membership renewals were strong, and early-season programming (e.g., paddle yoga, sailing lessons) saw high registration.
🏪 Retail Expansion
The Mahogany Village Market welcomed new tenants in April, including a boutique fitness studio and a local coffee roaster. This expansion boosts convenience for residents and adds to walkability appeal.
🚧 Future Development News
Hopewell Residential announced progress on west Mahogany’s next phase, which will include a new K-6 school site, playgrounds, and enhanced wetland access. Completion is expected by 2027.
Mahogany remains one of Calgary’s most desirable neighborhoods, especially for lifestyle-focused buyers. While sales activity was slightly down, growing inventory and stable pricing across most segments reflect a maturing, balanced market. The community's recreational amenities, planned school developments, and thriving retail options continue to support long-term home value appreciation.
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