Mahogany – October 2024 - Calgary-Christian-Realtor

Mahogany Real Estate Monthly Summary – October 2024

Market Overview: Mahogany’s real estate market experienced dynamic growth in October 2024, with significant year-over-year (Y/Y) changes across key metrics:

Sales: 46 properties sold, a 53% increase Y/Y.
Inventory: Inventory levels reached 98 units, up 61% Y/Y.
New Listings: 54 new properties were listed, an 8% rise Y/Y.

Benchmark Prices by Property Type:

Detached Homes: $809,100 (+5% Y/Y).
Semi-Detached Homes: $568,200 (+10% Y/Y).
Row Homes: $490,400 (+4% Y/Y).
Apartments: $369,700 (+4% Y/Y).

Overall Residential Benchmark Price: $590,900, reflecting a 4% annual growth.

Key Metrics:

Months of Supply: 2.13 months, maintaining a balanced market trend.
Sales-to-New-Listings (S/NL) Ratio: 0.85, suggesting a favorable environment for sellers.

Market Insights:

Detached homes remain the dominant choice, driving much of the activity.
Apartment prices are stabilizing, marking a steady demand in this segment.
Increasing inventory offers buyers more options, supporting a healthy market balance.

Community Features: Mahogany continues to attract homebuyers and investors with its blend of lifestyle benefits, including:

Unique Waterfront Living: With lakeside amenities and picturesque views, Mahogany remains a standout for those seeking a serene environment.
Modern Infrastructure: Convenient access to schools, retail hubs, and public transit enhances its livability.
Active Community Engagement: Regular events and a vibrant community atmosphere create a family-friendly and inclusive neighborhood.

Mahogany’s strong market performance and unparalleled community features solidify its reputation as a premier residential destination.

For additional information or a detailed analysis, feel free to reach out!