Mahogany Community Real Estate Market Report - Q 3 2024

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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