Let’s Talk About Mahagony, Banff Trail & Varsity Calgary

The community of Mahogany which is located in the Southeast portion of the province of Calgary is one of their popular lake communities. Mahogany is one of the newer communities in Calgary has an amazing selection of homes ranging from detached bungalows, single family homes, condominiums, and townhomes. This community has 70 active houses for sale in Mahogany with an average price of $585,027 and has 57 active condo units and/or townhomes with an average price of $527,650. In 2019, a total of 174 single family homes were sold in the market in 109 days. The average price for these single family homes were $548,882. In 2019, 65 townhomes and/or condos were sold within an average of 105 days and an average price of $435,629. Most of these real estate properties were built in 2016 and have an average size of 1,524.

Banff Trail, Calgary

Known as one of the highly sought-after inner-city neighborhoods situated in Calgary, Banff Trail has a great variety of houses to offer from. Ranging from affordable townhomes, high-rise condominiums, detached 1950s bungalows, land in-fills, and spacious single family homes. Young families and professionals prefer this neighborhood as it is located near famous amenities and transportation systems such as the C-Train LRT system and trails such as Crowchild and Banff Trail. There were 28 single family private homes for sale in Banff Trail in 2019 at an average cost of $636,442. Land in Banff Trail is consistently sought after and the Average Days on Market (DOM) for homes in Banff Trail was 49 days. There were 4 townhouse deals in Banff Trail which sold for $484,750 and they took a normal of 50 days to sell. There are 13 active houses with an average price of $713,015 and 3 active condo/townhomes in the area with an average price of $339,233 and with an average size of 1,453.

Varsity is a vibrant and easily accessible neighborhood in the northwest quadrant of Calgary. This community was originally three different neighborhoods namely Varsity Village, Varsity Acres, and Varsity Estates but it was made into one popularly known as just Varsity. This community also offers one too many reasons for buying a real estate property in the area. One of the top reasons is the great transportation system of the community such as Shaganappi Trail and Crowfoot trail that is nearby Varsity which allows residents to go to nearby amenities easily. Downsizing has been a trend nowadays and Varsity is an ideal place to check out especially the new Groves of Varsity and Chateau on the Green. This community is one of the top choices of the medical community since it is close to the Foothills Hospital and Alberta Children’s Hospital. In 2019, homes for sale in Varsity had an average days on market of 43 days, there were about 86 single family homes sold with an average price of $689,293. Varsity also has 76 condo and townhomes that were sold in 2019 with an average price of $321,018.