Market Performance:
Overall Market Trends:
The benchmark price for residential properties in Mahogany reached $583,400, a 2.7% year-over-year increase.
Average prices saw significant growth, reaching $883,716, reflecting a 31.0% increase.
Sales Activity:
19 residential sales were recorded, a 44% decrease from December 2023.
Inventory increased by 20%, totaling 60 active listings.
The months of supply rose to 3.16, suggesting a slight shift toward a balanced market.
Property Types:
Detached Homes: Benchmark price at $809,400, an 8% increase year-over-year.
Semi-Detached Homes: Benchmark price at $569,700, a 9% growth.
Row Homes: Benchmark price at $485,500, up 5.8%.
Apartments: Benchmark price at $357,500, showing steady demand with a 2.7% increase.
New Listings:
20 new listings entered the market in December, a 44% decrease compared to the previous year.
Community Developments:
Community Expansion:
Mahogany continues to grow with new residential projects that include both luxury lakefront properties and affordable housing options, providing a diverse range of living styles.
Lake and Recreational Facilities:
The community's 63-acre lake, the largest in Calgary, remains a focal point, offering year-round activities like skating, fishing, and swimming. New lake amenities, such as expanded dock spaces and updated equipment rentals, enhance the outdoor lifestyle.
Infrastructure Enhancements:
Improved road networks and expanded transit options make commuting easier for residents. Plans are underway to further enhance connectivity within and beyond Mahogany.
Retail and Dining Hub:
Mahogany Village Market continues to thrive, featuring new dining, shopping, and entertainment venues. This adds to the vibrant, urban feel of the community.
Education and Family-Oriented Developments:
New school projects and expansions of recreational facilities, including playgrounds and sports fields, reflect Mahogany's focus on family-friendly living.
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