Mahogany, Calgary - October 2026 Real Estate Report
Mahogany Real Talk: Your Home Is Worth More Than the City Thinks - But the Market Is Sending Mixed Signals
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 knowing the gap could put real money in your pocket.
The Vibe: What Is Actually Happening in Our Neighbourhood
Houses - Strong Prices, But Buyers Are Taking Their Time
We are seeing something interesting on the house side. The average sale price hit $824,644 this month - up 9.1% from last month. That is a big jump. But before you pop the champagne, here is the other side of that coin: only 44 houses sold, down 32.3% from the month before, and homes are sitting on the market for an average of 37 days. That is three days longer than Copperfield next door.
- Average sale price: $824,644 (up 9.1% month over month)
- Average list price this month: $723,200
- Price per square foot: $400
- Sale-to-list ratio: 97.76% - buyers are negotiating a small discount
- Days on market: 37 days
- Properties sold this month: 44
- Predicted market value: $812,709
- Rental yield: 5.08%
- Estimated monthly rent: $3,599
The predicted market value of $812,709 is climbing past the 3-month moving average of $804,910, which tells us the direction is still up - just not in a straight line. On the neighbourhood leaderboard, Mahogany houses rank 36 out of 221 Calgary neighbourhoods for growth. That puts us in the top 16% city-wide. We are not leading the pack, but we are well ahead of the middle of the field.
Condos - Fewer Sales, Longer Waits, But Prices Are Climbing
The condo market here is a smaller story, but worth watching. Only 4 condos sold this month - down 33.3% - and they are taking an average of 64 days to move. That is slow. For context, Copperfield condos are selling in 34 days. The upside? The average sale price jumped to $532,500, up 32.1% from last month, though with only 4 sales that number can swing hard on a single deal.
- Average sale price: $532,500 (up 32.1% month over month)
- Average list price this month: $546,125
- Price per square foot: $563
- Sale-to-list ratio: 97.17% - buyers are getting a slight discount here too
- Days on market: 64 days
- Properties sold this month: 4
- Predicted market value: $512,252
- Rental yield: 3.87%
- Estimated monthly rent: $2,377
On the condo leaderboard, Mahogany ranks 65 out of 207 Calgary neighbourhoods for growth - above average, but not a standout. Days on market rank is 56 out of 81, which means condos here are selling slower than most of the city. If you own a condo in Mahogany, patience is part of the strategy right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing about your city assessment: it is a snapshot from months ago, built on a formula that does not know what happened on your street last Tuesday. For houses in Mahogany, the city's average assessed value is $845,660. The average HonestDoor Price is $804,280. That is a gap of nearly $41,000 - and it matters.
If you are pricing a home based on your assessment, you could be starting the conversation in the wrong place. The HonestDoor Price pulls from real, recent transaction data - the 344 property transactions that happened in Mahogany in 2026 across 4,461 assessed properties. It is a live read on the market, not a government estimate that gets updated once a year.
On the condo side, the story flips. The average assessed value is $479,606, but the HonestDoor Price is $512,121 - about 6.78% higher. If you own a Mahogany condo and you are only looking at your assessment, you are actually undervaluing what you have. That is money left on the table.
Bottom line: the HonestDoor Price is your real-world check. Use it before you list, before you refinance, and before you assume the city has it right.
The "So What?" - Should You Sell in Mahogany This Summer?
If you are thinking about selling a house in Mahogany this summer, here is the honest read. Prices are moving up and our growth rank of 36 out of 221 neighbourhoods means we are outperforming most of Calgary. That is a good foundation. But buyers are negotiating - homes are selling at about 97.76% of list price - and they have 37 days on average to do it. You are not in a bidding war market right now. You are in a "price it right and it will sell" market.
Compared to nearby neighbourhoods, Mahogany houses are priced higher than Auburn Bay ($737,779 HonestDoor Price), Copperfield ($576,084), and Rangeview ($557,474). We are the premium option in this pocket of the city. That means your buyer pool is smaller, but they are serious.
For condo owners, summer selling takes more patience. Sixty-four days on market is a real commitment. If you need to move quickly, price aggressively. If you have time, the predicted value of $512,252 is trending up from the 3-month average of $511,794 - small movement, but it is moving in the right direction.
The rental numbers are also worth a look before you decide. A house here can pull $3,599 per month in estimated rent at a 5.08% yield. If selling feels rushed, holding and renting is a legitimate option in Mahogany right now.
Check your HonestDoor Price before you do anything else. It takes two minutes and it gives you the number that actually reflects today's market - not last year's paperwork.
mahogany | calgary | october 2026This 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.