• Total Sales: 139 (+57.9% Y/Y)

• New Listings: 243 (+46.4% Y/Y)

• Sales-to-New-Listings Ratio: 57.2% – a balanced to slightly seller-leaning market

• Average Inventory: 159 (+65.9% Y/Y)

• Months of Supply: 3.42 (+5.0% Y/Y)

• Average Days on Market: 46 (+21.2% Y/Y)

• Benchmark Price: $571,633 (▼ 5.0% Y/Y)

• Median Price: $638,500 (▼ 7.9% Y/Y)

• Average Price: $672,548 (▼ 10.7% Y/Y)

Despite softer prices, Mahogany remains one of Calgary’s most active lake communities, with buyer activity well above its 10-year average (81 quarterly sales).

Market Trends by Property Type

Detached Homes

• Sales: 72

• Benchmark Price: $806,367 (▼ 1.9% Y/Y)

• Median Price: $755,000 (▼ 5.6% Y/Y)

• Average Price: $816,008 (▼ 9.7% Y/Y)
  Detached listings continue to dominate, with strong demand for family-sized two-storey homes near the lake. Price adjustments indicate buyers are showing greater price sensitivity amid higher inventory.

Semi-Detached Homes

• Benchmark Price: $571,767 (▼ 1.5% Y/Y)

• Median Price: $604,950 (▼ 2.4% Y/Y)

• Average Price: $539,540 (▼ 4.7% Y/Y)
  Semi-detached units saw modest price declines and balanced turnover, attracting entry-upsize buyers seeking proximity to amenities without detached-level pricing.

Row / Townhomes

• Benchmark Price: $483,200 (▼ 2.9% Y/Y)

• Median Price: $536,000 (▼ 4.7% Y/Y)**
  Row homes remain competitive options for young professionals and investors, with stable absorption and affordability relative to detached homes.

Apartments

• Benchmark Price: $344,100 (▼ 7.7% Y/Y)

• Median Price: $356,500 (▼ 11.8% Y/Y)
  Apartment prices show the steepest year-over-year decline, but the segment benefits from continued rental demand and increased investor interest due to Calgary’s strong population growth.

Price Distribution

The majority of Mahogany’s Q3 2025 sales occurred between $600,000 – $799,999, followed by activity in the $400,000 – $599,999 band. Luxury homes ($1 million +) represent a smaller but steady niche.

Market Insights

• The increase in listings and modestly slower absorption suggest a normalizing market following the pandemic-era highs.

• Buyers have more selection, particularly in apartment and mid-range detached homes.

• Sellers remain in a good position if pricing realistically and emphasizing community lifestyle value.

Community News (Fall 2025)

Mahogany continues to enhance its family-focused, lake-lifestyle community:

• Mahogany Harvest Market at West Beach (October 2025): Local artisans, produce, and food vendors celebrate the season.

• Mahogany Urban Village Progress: Ongoing commercial and retail expansion (restaurants, clinics, boutique services) strengthens walkability and local amenities.

• Future Infrastructure: Anticipated completion of new southeast Calgary transit corridor will improve accessibility for commuters by 2026.

Heading into Q4 2025, Mahogany’s market is expected to stabilize further, with inventory levels moderating and prices holding near current benchmarks. The community’s lake access, school catchments, and vibrant amenities continue to make it one of the most desirable master-planned areas in Calgary’s southeast.

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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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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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The Mahogany real estate market in March 2025 has experienced moderate growth, with steady demand across different property types. Despite some economic uncertainties, the community remains a sought-after location due to its lakefront lifestyle, modern amenities, and family-friendly environment.

Market Trends

Detached Homes

Detached homes in Mahogany continue to be the most desirable, with a noticeable increase in both listing prices and sales volume. The average price for a single-family home has risen by 5% year-over-year, currently sitting at approximately $850,000. The demand remains high for properties near the lake, with premium waterfront homes selling significantly above market value.

Townhomes

The townhome market has shown consistent activity, particularly among first-time homebuyers and investors. Prices have increased by approximately 3% compared to March 2024, averaging around $480,000. Low inventory levels have contributed to competitive bidding, driving some sales above asking price.

Apartments

Condominium sales have been stable, with modest price appreciation. The average condo price in Mahogany is around $360,000, reflecting a 2% increase from last year. Buyers are particularly interested in newer developments with modern finishes and close proximity to retail spaces and transit options.

Local Real Estate News

• New Commercial Developments: A major commercial plaza is set to open later this year, bringing new retail stores, dining options, and professional services to the community. This development is expected to boost property values in nearby areas.

• Infrastructure Improvements: The city has announced upcoming road expansions and improved public transit access to Mahogany, which will enhance connectivity to downtown and other parts of the city.

• New Home Construction Trends: Builders are focusing on sustainable and energy-efficient homes, with an increasing number of buyers looking for properties that offer solar panels, smart home features, and eco-friendly materials.

• Rental Market Growth: With rising home prices, the rental market in Mahogany is also growing. Rental rates for townhomes and condos have increased by approximately 6% year-over-year, making investment properties an attractive option for buyers.

Overall, the Mahogany real estate market remains strong, with rising property values and continued demand across all housing types. While economic factors and interest rates may influence the market in the coming months, Mahogany continues to be a prime location for homebuyers and investors alike.

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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.

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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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