Mahogany, Calgary - August 2026 Real Estate Report

Mahogany Real Talk: The Market Is Sending Signals You Should Not Ignore

If you own a home in Mahogany and you have not checked your HonestDoor Price lately, now is the time. The city's assessment and what buyers are actually paying are telling two very different stories right now - and the gap matters for your wallet.

The Vibe: What Is Actually Happening in Our Neighbourhood

Houses - A Market Taking a Breather

Let's be straight with each other. The house market in Mahogany is cooling off. Sales dropped 44.4% from last month - that is not a blip, that is a signal. Only 30 houses sold, and they sat on the market for an average of 45 days. For context, Auburn Bay is moving homes in 32 days. We are slower.

• Average sale price: $693,402 - down 7.3% from last month
• Average list price right now: $706,430
• Buyers are paying 98.21% of list price - meaning sellers are giving a little ground
• Price per square foot: $396
• Predicted market value (HonestDoor): $801,701
• 3-month moving average: $807,109 - and the trend is pointing down
• Recent value change: -1.27%
• Rental yield: 5.10% - that is genuinely strong if you are thinking landlord
• Estimated monthly rent: $3,564
• Growth rank: 170 out of 236 Calgary neighbourhoods - below average on the leaderboard

The rental story is the bright spot here. A 5.10% yield on a house is not something you see everywhere in Calgary. If selling feels premature, holding and renting is a real option worth running the numbers on.

Condos - Small Volume, Big Discounts

The condo side of Mahogany is a different animal. Only 3 condos sold this period, so take the trends with some caution - small sample sizes can swing the numbers. But what we are seeing is buyers paying just 94.03% of list price. That is nearly a 6% haircut off asking. Sellers are negotiating.

• Average sale price: $456,666
• Average list price right now: $488,000
• Buyers paying 94.03% of list - a clear buyers' market signal
• Price per square foot: $539
• Predicted market value (HonestDoor): $511,816
• 3-month moving average: $518,466 - also trending down
• Recent value change: -1.75%
• Days on market: 37 - slower than both Auburn Bay (32 days) and Copperfield (20 days)
• Rental yield: 3.87% - moderate, not spectacular
• Estimated monthly rent: $2,374
• Growth rank: 130 out of 216 Calgary neighbourhoods - below average on the leaderboard

One thing worth noting: the HonestDoor Price for condos here ($511,314) is actually 6.61% higher than the average city assessment ($479,606). That is the market saying the city is undervaluing these units. More on why that matters below.

The Secret Sauce: Your HonestDoor Price Is the Number That Actually Matters

Here is the problem with your city assessment. It is a snapshot taken months ago, based on data that is already old by the time it lands in your mailbox. The market does not wait for the city to catch up.

For houses in Mahogany, the average city assessment sits at $845,660. The average HonestDoor Price is $800,322 - that is 5.36% lower. If you are pricing your home based on your assessment, you may be walking into negotiations with the wrong number in your head. Buyers have access to real-time data. You should too.

For condos, it flips the other way. The city assessment averages $479,606, but the HonestDoor Price is $511,314 - 6.61% higher. If you own a condo here and you are only looking at your assessment, you may be underselling yourself before the conversation even starts.

The HonestDoor Price updates continuously. It reflects what is actually trading hands right now - not what traded hands last year when the city was doing its homework. Think of it as the real-world check against a static government number.

The "So What?" - Thinking About Selling This Summer?

If you are a house owner in Mahogany with summer selling on your mind, here is the honest take. The window is not closed, but it is narrowing. Prices are down 7.3% month over month, days on market are climbing, and buyers are getting pickier. That does not mean do not sell - it means price it right from day one.

Homes that sit for 45 days start to get stigmatized. Buyers wonder what is wrong with it. Coming in sharp at the right price beats chasing the market down with price cuts every two weeks.

For condo owners, the math is trickier. With buyers landing 6% below list on average, you need to build your negotiation room into the strategy upfront. And with only 3 sales in the period, your condo is competing in a thin market - presentation and pricing are everything.

The neighbourhood leaderboard tells the story plainly. On growth, houses rank 170 out of 236 and condos rank 130 out of 216. Mahogany is not leading the pack right now. But with 283 total property transactions in 2026 and a transaction rank of 2nd in all of Calgary, this is still one of the most active neighbourhoods in the city. People want to be here. The fundamentals are solid. The short-term numbers just say: be realistic, not optimistic, when you set your price.

Check your HonestDoor Price before you call your agent. Walk into that conversation knowing your real number - not the city's old one.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.