The Mahogany real estate market experienced shifts in February 2025, with a mix of price increases and a decline in sales compared to the previous year. Despite a slowdown in transactions, inventory levels increased, providing more choices for buyers.

• Total Residential Benchmark Price: $589,100 (↑1.5% YoY)

• Total Sales: 26 (↓45% YoY)

• New Listings: 51 (↓9% YoY)

• Inventory: 93 homes (↑66% YoY)

• Months of Supply: 3.58 (↑200% YoY)

Property Type Breakdown

• Detached Homes

  • Benchmark Price: $822,400 (↑2.3% YoY)

  • Sales: 16 (↓27% YoY)

  • New Listings: 27 (↑4% YoY)

  • Inventory: 38 homes (↑67% YoY)

• Semi-Detached Homes

  • Benchmark Price: $579,600 (↑2.3% YoY)

  • Sales: 2 (↓78% YoY)

  • New Listings: 8 (No change YoY)

  • Inventory: 10 homes (↑89% YoY)

• Row Homes

  • Benchmark Price: $487,500 (↑1.5% YoY)

  • Sales: 1 (↓80% YoY)

  • New Listings: 4 (↓50% YoY)

  • Inventory: 17 homes

• Apartments

  • Benchmark Price: $362,200 (↑3.6% YoY)

  • Sales: 7 (↓36% YoY)

  • New Listings: 12 (↓14% YoY)

  • Inventory: 28 units (↑58% YoY)

Market Trends & Insights

• Sales Decline: The 45% drop in total sales compared to February 2024 suggests a cooling in demand, possibly due to affordability concerns and higher mortgage rates.

• Rising Inventory: A 66% increase in available homes indicates a shift toward a buyer’s market, providing more options and reducing competition.

• Months of Supply Surge: The months of supply jumped by 200%, signaling a slower market where properties are taking longer to sell.

• Stable Prices: Despite the sales decline, benchmark prices remained relatively stable or saw modest growth, reflecting continued demand for well-priced homes.

Looking Ahead

With inventory on the rise and fewer sales, Mahogany’s real estate market may favor buyers in the coming months. Sellers should price competitively to attract interest, while buyers can take advantage of increased selection and negotiation opportunities.

For further insights, contact us for Mahogany real estate update.

Mahogany’s real estate market showed strong performance in January 2025, with 28 residential sales, marking a 75% increase year-over-year. The benchmark residential price reached $587,700, reflecting a 3.3% annual increase.

• Detached Homes: The benchmark price rose 6% to $818,700, with 11 sales recorded.

• Semi-Detached Homes: Prices climbed 8% to $577,000, with 7 homes sold in January.

• Row Homes: The benchmark price increased by 6% to $490,500, with 3 sales.

• Apartments: Prices grew 5% to $356,700, with 7 sales, reflecting a 75% increase year-over-year.

Mahogany continues to experience strong demand, with inventory levels rising to 80 units (a 54% increase) and new listings reaching 62 (up 68%). The months of supply now stands at 2.86, indicating a balanced market.

Lake Lifestyle & Outdoor Amenities

A key attraction of Mahogany is Calgary’s largest freshwater lake, offering a unique four-season lifestyle:

• Beach Access & Water Activities – The 63-acre Mahogany Lake provides residents with opportunities for swimming, kayaking, paddleboarding, and fishing in the summer.

• Two Private Beach Clubs – Exclusive for residents, these clubs offer sandy beaches, picnic areas, and recreational facilities.

• Winter Activities – The frozen lake transforms into a skating rink and hosts winter festivals and community events.

• Walking & Biking Trails – Over 22 km of scenic pathways connect the community, making it ideal for outdoor enthusiasts.

Community Shopping & Conveniences

Mahogany offers a mix of retail and dining options within and around the community:

• Mahogany Village Market – A central retail hub featuring grocery stores, restaurants, coffee shops, and essential services.

• Auburn Bay & Seton Shopping Centers – Located nearby, providing big-box retailers, clothing stores, and entertainment options.

• Future Urban Village Development – Planned expansions will bring more boutique shops, dining experiences, and professional services.

With its thriving real estate market, premier lake amenities, and growing retail infrastructure, Mahogany remains one of Calgary’s most desirable communities for homebuyers and investors.

Market Performance:

1. 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.

2. 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.

3. 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.

4. 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.

Sales and Market Trends:

• Total residential sales in Mahogany for November 2024 were 30 units, representing a 9% year-over-year decline.

• New residential listings increased to 59 units, a 34% YoY growth.

• Inventory levels climbed to 87 units, marking a 36% YoY increase.

• The months of supply stood at 2.90, indicating a more balanced to buyer-friendly market.

Price Metrics:

• The overall benchmark price for Mahogany residential properties reached $588,700, showing a 3.2% YoY increase.

  • Detached Homes: Average price was $810,000, reflecting a 9.1% YoY increase.

  • Semi-Detached Homes: Benchmark price at $570,500, up by 5.4% YoY.

  • Row Houses: Price climbed to $487,500, marking a 5.4% YoY increase.

  • Apartments: Average price rose to $365,500, with a 5.4% YoY increase.

Sales-to-New-Listings Ratio (S/NL):

• The S/NL ratio for November 2024 was 0.51, signaling an oversupply relative to demand and leaning towards a buyer's market.

Market Observations:

• While sales showed a slight decline, new listings and inventory experienced significant growth, providing more options for buyers.

• Detached homes remain the most resilient segment in price growth, maintaining a strong appeal.

• Apartments and row houses also recorded steady price increases, reflecting sustained demand across diverse property types.

This summary showcases a shifting market in Mahogany, with increased inventory offering buyers more choices and slightly moderating sales activity.

Market Overview

In October 2024, the Mahogany SE Calgary real estate market experienced notable activity, with increases in sales across property types. Total residential sales for the month reached 46 houses, representing a 53% year-over-year increase. New listings were also up, reaching 54, an 8% increase year-over-year. Inventory saw a more significant rise, growing by 61% to 98 units. The sales-to-new-listings (S/NL) ratio stood at 85%, indicating a competitive market despite the growing inventory levels. The months of supply metric rose to 2.13, reflecting a balanced market yet trending toward a potential buyer's market if inventory growth continues.

The benchmark price for all residential properties in Mahogany rose by 4% year-over-year to $590,900.

Detached Homes

• Sales: 22 (up 57% year-over-year)

• New Listings: 29 (up 7% year-over-year)

• Inventory: 37 (up 9% year-over-year)

• Months of Supply: 1.68 (down 31% year-over-year)

• Benchmark Price: $809,100 (up 5% year-over-year)

Detached homes remained popular, with a 57% increase in sales and a tight supply of only 1.68 months, marking a slight seller's advantage in this category. The benchmark price rose 5% to $809,100, indicating steady demand for single-family homes in Mahogany.

Semi-Detached Homes

• Sales: 8 (up 300% year-over-year)

• New Listings: 7 (up 40% year-over-year)

• Inventory: 8 (no change year-over-year)

• Months of Supply: 1.00 (down 75% year-over-year)

• Benchmark Price: $568,200 (up 7% year-over-year)

Semi-detached homes saw the highest increase in sales at 300%, with a balanced supply level of 1.00 month. This segment is seeing strong buyer interest, as evidenced by the quick sales pace and a 7% increase in the benchmark price to $568,200.

Row Homes

• Sales: 4 (up 33% year-over-year)

• New Listings: 2 (down 50% year-over-year)

• Inventory: 20 (up 567% year-over-year)

• Months of Supply: 5.00 (up 400% year-over-year)

• Benchmark Price: $490,400 (up 7% year-over-year)

Row homes showed a mixed performance. Sales increased by 33%, but new listings dropped by 50%, leading to a spike in inventory, which now sits at 20 units, a 567% year-over-year increase. With a months of supply at 5.00, row homes are transitioning into a buyer’s market, despite a 7% increase in the benchmark price.

Apartments

• Sales: 12 (up 9% year-over-year)

• New Listings: 16 (up 14% year-over-year)

• Inventory: 33 (up 106% year-over-year)

• Months of Supply: 2.75 (up 89% year-over-year)

• Benchmark Price: $369,700 (up 13% year-over-year)

The apartment market has become more competitive, with inventory rising 106% to 33 units and the months of supply increasing to 2.75. Sales were up 9%, and the benchmark price rose 13% to $369,700, indicating resilient demand despite the increased supply.

Price Range Distribution

The distribution of sales by price range showed a concentration in the $400,000–$499,999 range, followed by a significant number of transactions in the $200,000–$300,000 and $300,000–$400,000 ranges. Higher price brackets, particularly above $700,000, also saw activity but to a lesser extent.

Year-to-Date Overview

As of October 2024, year-to-date sales totaled 373, reflecting a slight 1% decrease from the previous year. New listings year-to-date reached 550 (up 12%), while inventory rose to 76 units (up 29%). The year-to-date benchmark price increased by 7% to $595,180, underscoring steady appreciation in Mahogany’s residential market despite slight reductions in sales volume​.

Conclusion

Overall, Mahogany’s real estate market in October 2024 demonstrates robust demand and rising prices across most property types, with particular strength in detached and semi-detached homes. While inventory levels are increasing, especially in row homes and apartments, the area’s popularity supports ongoing price growth.

Mahogany Community Market Report

In Q3 2024, Mahogany remains one of Calgary’s premier lakefront communities, renowned for its stunning natural surroundings and vibrant lifestyle. This well-planned neighborhood continues to attract buyers with its unique blend of recreational opportunities and modern conveniences.

Market Overview: 88 sales in Q3 2024. The real estate market in Mahogany is thriving, with average home prices reaching approximately $620,000, marking a 6% increase year-over-year. The demand for single-family homes and townhomes has surged, driven by the community’s appeal to families and young professionals seeking a suburban lifestyle close to urban amenities.

Inventory and Sales: The inventory in Mahogany has remained stable, with about 100 active listings by the end of Q3. However, buyer interest remains high, resulting in an average of just 22 days on the market for homes. This indicates a competitive landscape where properties are selling quickly, often above asking price.

1. Detached Homes

   • Price Range: $637,500-$2,700,000

   • Sales: 51 homes sold

   • Days on Market (DOM): 25 days

2. Duplex Homes

   • Price Range: $575,000-$1,027,900

   • Sales: 8 homes sold

   • Days on Market (DOM): 25 days

3. Townhouses

   • Price Range: $450,000-$586,500

   • Sales: 11 townhouses sold

   • DOM: 27 days

4. Condos

   • Price Range: $295,000-$1,574,055

   • Number of Listings: 15

   • Sales: 18 condos sold

   • DOM: 35 days

Community Amenities: Mahogany is well-known for its exceptional amenities, including the stunning Mahogany Lake, parks, and extensive walking trails. Residents enjoy access to various recreational activities, including swimming, fishing, and beach volleyball. Additionally, the community features shopping centers, restaurants, and schools, enhancing the overall quality of life.

Future Outlook: The future looks promising for Mahogany, with ongoing developments expected to further enrich the community. Upcoming infrastructure projects and additional retail options will likely attract even more residents and businesses, reinforcing Mahogany’s reputation as a desirable place to live.

Overall, Mahogany’s real estate market in Q3 2024 showcases a strong demand and a healthy balance of inventory, making it an appealing option for both current homeowners and prospective buyers looking for a vibrant community in Calgary.

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Mahogany Community Market Report

Overview: As of September 2024, Mahogany stands out as one of Calgary’s premier lake communities, attracting buyers with its stunning natural surroundings, recreational opportunities, and vibrant community spirit. This sought-after neighborhood continues to demonstrate robust market activity, appealing to families, professionals, and those seeking a lakefront lifestyle.

Market Highlights:

• Average Home Price: The average home price in Mahogany is approximately CAD 592,600, reflecting a 2.7% increase from September 2023. This upward trend underscores the ongoing demand for properties in this desirable location.

• Sales Activity: In September 2024, 29 homes were sold, marking an 11.1% increase in transactions. This rise in sales highlights the community’s continued attractiveness to prospective buyers.

• Days on Market: Homes in Mahogany are selling faster, with an average of 21 days on the market, down from 26 days in the same month last year. This decrease indicates a competitive market where buyers are eager to secure properties.

• Inventory Levels: The community had about 108 active listings at the end of September 2024, 86.2% increase from September 2023. This reduction in inventory contributes to the upward pressure on prices and quicker sales.

Market Segmentation:

• Detached Homes: The single-family home segment remains strong, with 18 SOLD prices typically ranging from $649,500 to $1,412,500. Homes with lake access or modern finishes are particularly in demand.

• Duplex houses: 3 SOLD, $575,000-$695,000.

• Townhomes: 4 SOLD, $450,000-$586,500. Townhomes continue to attract first-time buyers and young families looking for affordable options in a well-planned community.

• Apartments: 4 SOLD. The condo market is also active, with price $300,000-$690,000. 

Neighborhood Insights:

• Mahogany offers a wealth of amenities, including a private lake, parks, walking trails, and recreational facilities. The community’s focus on outdoor living and active lifestyles enhances its appeal.

• Strong community events and social activities foster a sense of belonging among residents, making Mahogany a popular choice for families and individuals alike.

Conclusion: The Mahogany real estate market has demonstrated continued growth and resilience in September 2024. With rising home prices and increasing sales activity, it’s clear that demand for properties in this lake community remains strong. The balance of supply and demand is critical in shaping current market conditions.

Outlook: As we move into the final months of the year, market conditions are expected to remain stable, though seasonal trends may affect inventory levels. The allure of Mahogany’s lifestyle and amenities will likely sustain buyer interest in the months ahead.

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Mahogany Community Market Report

August 2024 proved to be a vibrant month for the Mahogany community in Calgary, known for its stunning lake, extensive amenities, and family-oriented atmosphere. As summer comes to a close, the real estate market in Mahogany remains strong, reflecting its continued desirability.

Market Overview: In August, Mahogany recorded 29 home sales. The average sale price rose to $602,900, indicating sustained demand and a healthy appreciation in property values. Buyers continue to show interest in Mahogany, drawn by the community’s attractive features and lifestyle offerings. 15 SOLD Detached houses $645,000-$2,700,000; 3 SOLD Duplex houses $590,000-$650,000; 6 SOLD Townhouses $454,000-$579,000; 5 SOLD Apartments $295,000(1-bedroom-apartment) - $1,574,055 Brand new luxury lakeview Estate condo. 

Inventory and Trends: The current inventory includes 98 active listings, showcasing a diverse range of properties, from single-family homes to townhouses. Homes are selling at an average of 20 days on market (DOM), which illustrates a competitive environment. Well-priced listings are frequently receiving multiple offers, underscoring the community's appeal. Detached houses 36 days; Duplex houses 22 days; Townhouses 36 days; Apartments 61 days.

Community Insights: Mahogany’s charm lies in its integration of nature and urban living. The community boasts an array of parks, pathways, and the picturesque lake, which provides opportunities for outdoor activities such as kayaking and swimming. Recent developments, including new shops and services, enhance the convenience for residents, making it a sought-after place to live.

Looking Ahead: As the fall season approaches, the Mahogany real estate market is expected to remain active. While the number of buyers may begin to taper, the community's strong fundamentals and lifestyle offerings will continue to attract interest. Sellers are advised to leverage the current demand, while buyers should act swiftly to seize opportunities in this thriving market. Overall, Mahogany continues to stand out as a prime destination in Calgary’s real estate landscape.

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As of July 2024, the Mahogany community in Southeast Calgary continues to thrive, exhibiting strong sales activity, rising home prices, and a desirable selection of properties. This report provides an analysis of current market trends, pricing, inventory levels, and the community features that make Mahogany a sought-after location for homebuyers.

Market Trends

1. Sales Activity:

   • July 2024 experienced a 15% increase in sales compared to July 2023, reflecting heightened interest from buyers in the area.

   • A total of 30 properties were sold this month, including a mix of single-family homes, townhouses, and condos.

2. Pricing:

   • 18 SOLD Detached houses $637,500 - $1,500,000 luxury house.

   • 1 SOLD Townhouse $572,158;

   • 9 SOLD Apartments $300,500-$800,000;

3. Days on Market:

   • Homes in Mahogany are selling quickly, with an average of 24 days on the market, down from 30 days in July 2023. This decline indicates a competitive market environment, especially for well-maintained properties.

Inventory Levels

• Current Listings: There are approximately 60 active listings in Mahogany, providing a diverse range of options for prospective buyers.

• The inventory turnover rate remains favorable, with properties typically selling within a month of being listed, demonstrating strong demand.

Community Insights

• Demographics: Mahogany attracts a diverse demographic, including families, young professionals, and retirees, drawn by its lakefront lifestyle and community amenities.

• Amenities: The community features a stunning lake, parks, playgrounds, walking paths, and a community center. Access to local schools and shopping options further enhances its appeal, making it particularly attractive to families.

Economic Factors

• Calgary's economy continues to show stability, with low unemployment rates and growing consumer confidence supporting the housing market.

• Interest rates remain steady, encouraging buyer activity and providing favorable conditions for those considering home purchases.

Conclusion

The real estate market in Mahogany is thriving as of July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The combination of attractive community features and economic stability positions Mahogany as a desirable choice for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: With a competitive market, consider acting quickly on appealing listings and obtaining pre-approval for financing to strengthen your purchasing position.

• Sellers: Price your home strategically based on current market trends and consider enhancements that can boost your property's appeal.

This report captures the current state of the Mahogany real estate market, offering valuable insights for prospective buyers and sellers alike.

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The second quarter of 2024 in Mahogany, SE Calgary, has witnessed a dynamic real estate market, characterized by steady growth in home sales and prices. As one of Calgary's premier lake communities, Mahogany continues to attract a diverse range of buyers, from young families to retirees, drawn by its lifestyle offerings and community amenities.

Market Highlights

• Sales Activity: There was a 10% increase in residential sales in Mahogany compared to Q1 2024, with approximately 125 homes sold between April and June. This reflects a strong demand and an active market.

• Price Range:

  • 65 detached homes were sold $575,000 - $3,500,000;

  • 19 semi-attached homes were sold $530,000 - $1,042,900;

  • 14 Townhomes were sold $467,900 - $589,000;

  • 27 apartment units were sold $294,900 - $1,400,000 respectively.

• Inventory Levels: The inventory in Mahogany remained tight, with around 90 active listings at the end of June, a slight decrease from the previous quarter. This limited supply has contributed to the competitive nature of the market.

• Days on Market: Homes sold faster this quarter, with the average days on market dropping to 22 days. The quick turnover indicates a robust demand, especially for well-priced properties.

Buyer Trends

• Demographics: The buyer demographic in Mahogany continues to diversify, with a notable influx of first-time buyers and families seeking the community's recreational amenities, including the lake and parks.

• Property Preferences: Single-family homes continue to dominate sales, but there is a growing interest in townhouses, particularly among buyers looking for lower maintenance options and community living.

• Lifestyle Appeal: Mahogany’s extensive outdoor amenities, including the lake, walking paths, and nearby shopping, have solidified its reputation as a desirable place to live, further enhancing its market appeal.

Economic Factors

• Interest Rates: The stability of interest rates from the Bank of Canada has played a crucial role in maintaining buyer confidence. This has led to an increase in mortgage applications and activity in the housing market.

• Employment Trends: With job growth in Calgary, particularly in sectors such as technology and healthcare, the local economy has strengthened, encouraging more individuals and families to invest in housing.

Outlook

The outlook for Mahogany’s real estate market for the remainder of 2024 appears optimistic. With continued demand and limited inventory, price growth is expected to persist. However, potential shifts in interest rates and overall economic conditions may influence buyer behavior as the year progresses.

Conclusion

Q2 2024 has been a positive quarter for Mahogany SE Calgary, characterized by increased sales, rising prices, and a competitive market environment. As the community continues to grow and attract diverse buyers, stakeholders should remain aware of market trends and economic factors that may shape the future landscape.

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