Mahogany Open Houses, Events & Community Reviews

June 2026 Mahogany (Calgary) Housing Market Overview Mahogany is a premier, award-winning master-planned lake community in southeast Calgary, centered around the city's largest private freshwater lake . The June 2026 market data shows a high-value, active market with a strong emphasis on family-oriented homes and resort-style living. Prices are stable, though the market is currently navigating a period of increased inventory and softening demand relative to recent years. Key Market Metrics (June 2026) Multiple sources provide a comprehensive snapshot of the Mahogany market in June 2026. Please note that data can vary due to the specific date of reporting and the inclusion of different housing types in the calculations. Metric Value Average List/Sold Price $708,936 – $753,301 Median List Price $648,800 Price Range $229,900 – $2,995,000 Active Listings 143 – 161 Recent Sales (30 days) 53 Average Days on Market 33 – 79 days The average home price in Mahogany has shown some fluctuation. One key report indicates an average sold price of $753,301**, a **0.5% yearly increase** . Another source reports the average active listing price as **$708,936 , while a third cites recent sales averaging $795,012 . This variation highlights the diversity of the market, from luxury lakefront estates to more modest townhomes. Inventory and Sales Activity The Mahogany real estate market is characterized by significant activity, but the data suggests a shift in the balance between supply and demand. New Listings vs. Sales: Over a 56-day period ending in early June 2026, there were 292 new listings compared to 69 homes sold, indicating a notable increase in available inventory . A broader view shows 53 homes were sold in the 30 days ending June 15 . Year-over-Year Changes: Compared to the same period in 2025, new listings have increased by 30%, while the number of homes sold has decreased by 49% . This has led to a significant 195% increase in active inventory , giving buyers more options. Time on Market: The data on days on market is variable. While one source cites a median of 33 days and an average of 52 days , another report indicates homes are spending an average of 79 days on the market . The trend suggests that homes are taking longer to sell than they were in the previous year . Detailed Market Activity by Property Type The Mahogany market shows different dynamics across property segments, with a significant portion of the community being detached homes (approximately 70%) . Single-Family Homes (Detached): This segment remains a core part of the Mahogany market. Data for the 3- and 4-bedroom segments shows a mixed picture, with sale-to-list price ratios averaging around 98-99%, indicating prices are holding up well . Townhomes: The townhome market is seeing significant growth in active inventory, up 127% year-over-year . This suggests a shift toward a more balanced market for this property type. Condos/Apartments: This segment has experienced a substantial 4500% increase in inventory year-over-year . While the starting point for this metric was likely very low, the massive increase points to a significant rise in the number of condos available, providing ample choice for buyers . Market Positioning and Lifestyle Mahogany offers a distinct lifestyle that commands a price premium over nearby communities . Lake Community Premium: Mahogany is known for its 63-acre lake, two private beaches, and the 21,000 sq. ft. Mahogany Beach Club, contributing to a "resort" lifestyle . This lake access is a key driver of property values. Community Zones: The community features distinct areas, including the "Resort" zone (Westman Village) with high-end amenities for downsizers and professionals, and the "Estate" & Family zones with larger lots and access to the 74-acre natural wetland area . Housing Diversity: The housing mix includes a wide range of options, from single-family detached homes to luxury condos and townhomes, attracting a diverse demographic of families, young professionals, and retirees . Outlook The June 2026 data suggests the Mahogany housing market is in a period of transition and rebalancing. Key takeaways for buyers and sellers: For Buyers: The significant increase in inventory, particularly in the townhome and condo segments, presents more choice and potentially more negotiating power than in recent years . The market is no longer an extreme seller's market, though well-priced detached homes continue to sell well. For Sellers: While the market remains strong, sellers should be prepared for homes to take longer to sell and may need to ensure their property is competitively priced to achieve a desired sale price. The sale-to-list price ratios remain high, suggesting prices have not significantly dropped, but the market is cooling from the frenzied pace of previous years . Mahogany's reputation as one of Calgary's premier communities and its unique lake lifestyle will continue to underpin its long-term desirability and value