Mahogany, Calgary’s award-winning lake community, continues to show steady activity through Q2 2025, with buyer demand remaining strong for both detached and semi-detached homes.
Sales Activity: Mahogany recorded healthy quarterly sales, supported by increased new listings. Inventory improved slightly compared to early 2025, giving buyers more choice, though the market remains tilted toward sellers due to strong demand for family-oriented homes.
Benchmark Prices: Detached homes in Mahogany averaged in the mid-$800,000s, with two-storey properties in particular seeing the highest levels of demand. Semi-detached and row homes remained attractive entry points, with benchmark values in the $550,000–$650,000 range.
Apartments: The apartment sector also posted growth as affordability challenges steered some buyers toward smaller formats. Prices hovered around the low-to-mid $400,000s.
Market Balance: Months of supply remained tight at ~2 months, reflecting the community’s desirability. The average days on market was under 35 days, showing buyers’ willingness to act quickly in this lakeside neighborhood.
Detached Homes
Benchmark Price: Approximately $826,800, up around 1.0% year-over-year
April Snapshot: Reflects steady appreciation in this segment
Context: Detached homes remain the flagship offering in Mahogany, especially high-end lakefront and wetland-adjacent homes. They continue to attract families and move-up buyers drawn to spacious layouts and premium finishes
Buyer Insight: Expect consistent demand and resilience in this category, particularly for well-located and well-presented properties.
Semi-Detached Homes (Duplexes)
Benchmark Price: Around $580,500, largely unchanged from Q2 2024
Median Sold Price: $610,000, up 3.4% YoY.
Average Sold Price: $641,373, up from $626,000 the year before
Average Days on Market: 44 days, up from 35 days in Q2 2024.
Sale-to-List Ratio: ~99.3%, slightly lower than 99.7% previously
Buyer Insight: This segment continues to offer strong value — particularly attractive to first-time buyers or those seeking more space than a condo affords. Despite slightly longer days on market, pricing remains stable and competitive.
Row Homes (Townhomes)
Benchmark Price: Approx. $498,300, stable year-over-year
Median & Average Sold Price: Both around $349,500, unchanged YoY; slight decrease from $363,000 in 2024
Average Days on Market: 62 days, up from 43 days last year.
Sale-to-List Ratio: ~99.7%, remains steady
Buyer Insight: While sales volumes are low and days on market have increased, townhomes remain an affordable entry point in Mahogany—ideal for first-time buyers or investors. Unit-specific details like exposure and yard access can impact resale and desirability.
Apartment Condominiums
Benchmark Price: About $361,900, slightly down (~1.1%) YoY
Buyer Insight: Though pricing has softened a touch, apartments remain a stable, affordable choice—especially appealing to singles, seniors, or those seeking proximity to Seton’s amenities, transit, and health services.
Schools
Divine Mercy Catholic Elementary and Mahogany Elementary (CBE) continue to serve young families in the community, both reporting strong enrollment in 2025.
Families also benefit from proximity to Joane Cardinal-Schubert High School in Seton and Centennial High School in nearby Sundance.
A new future middle school site has been earmarked by the Calgary Board of Education, anticipated to relieve demand as Mahogany’s population continues to grow.
With lake access, strong schools, and continued commercial growth, Mahogany remains a premier southeast Calgary destination. Real estate momentum is expected to carry through the remainder of 2025, particularly in the detached and row segments. Apartments will also remain in focus for investors and first-time buyers.
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