Mayfair, Calgary - August 2026 Real Estate Report

Mayfair, Calgary: Your Home Is Worth More Than the City Thinks - But the Gap Is Closing

The Vibe Right Now

If you've been watching the "For Sale" signs in Mayfair, here's what's actually happening. We're sitting in a stable buyers' market. Houses are selling, but buyers have the upper hand - and they know it. The average sale price is sitting at $1,555,000, and sellers are getting about 96.81 cents on every dollar they list for. That means if you list at $1,764,450 (the current average ask), expect to land closer to $1,555,000 when the deal closes.

Two houses sold recently, and they sat on the market for an average of 28 days. For context, just down the road in Kelvin Grove, homes are moving in 16 days. That gap tells us Mayfair buyers are taking their time. They're not rushing. This is a neighbourhood where people do their homework before writing a cheque.

• Average sale price: $1,555,000
• Average list price this month: $1,764,450
• Price per square foot: $701
• Sale-to-list ratio: 96.81%
• Average days on market: 28
• Properties sold recently: 2
• Total transactions in 2026: 4
• Properties assessed this year: 157

The Secret Sauce - Your HonestDoor Price vs. That City Assessment

Here's the number that matters most right now. The city has your home assessed at an average of $1,686,073. That sounds great on paper. But the HonestDoor Price - which updates in real time using actual market signals - puts the average at $1,569,370. That's a gap of nearly $117,000.

Why does that matter? Because the city's assessed value is a snapshot from the past. It doesn't know what happened on your street last month. The HonestDoor Price does. It's up 2.01% from the previous period, which means momentum is real - but the market is telling us that city assessments are running about 6.92% hot compared to what buyers are actually paying.

If you're using your assessment to decide whether to sell, refinance, or even just brag at a dinner party, you want the number that reflects today - not last year. That's what the HonestDoor Price is built for.

• Average city assessed value: $1,686,073
• Average HonestDoor Price: $1,569,370
• HonestDoor Price change: up 2.01%
• Gap vs. assessment: 6.92% lower
• Predicted market value (houses): $1,538,471
• 3-month moving average: $1,522,989 - trending up

The Neighbourhood Leaderboard

Mayfair holds its own in Calgary's rankings. On price, we're sitting at 21st out of 220 neighbourhoods - that puts us firmly in the top 10% of the most expensive addresses in the city. On growth, we rank 82nd out of 236 - above average, but not leading the pack. Neighbourhood-wide growth is 0.04% year over year, which is steady rather than spectacular.

For Airbnb potential, Mayfair ranks 23rd in Calgary, with an estimated $283 per night. Rental income averages $5,697 per month. These are solid numbers for anyone thinking about the income side of owning here.

Now look at the neighbours. Bel Aire is priced much higher at an average HonestDoor Price of $3,294,226, but growing slower at 0.03%. Kelvin Grove is cheaper at $1,315,640 but growing slightly faster at 0.05%. Meadowlark Park comes in at $899,211 with flat growth. Mayfair sits in a comfortable middle - premium pricing without the Bel Aire premium, and more stability than the entry-level options nearby.

• Price rank in Calgary: 21 out of 220 - top tier
• Growth rank: 82 out of 236 - above average
• Days-on-market rank: 26 out of 77 - moderately fast
• Airbnb rank: 23 in Calgary
• Rental yield: 4.12%

The So What - Should You Sell This Summer?

Here's the straight answer. If you're thinking about selling in Mayfair this summer, you're not in a bad spot - but you need to price sharp. Buyers are paying 96.81% of list price, not 100%. If you list too high chasing that assessed value of $1,686,073, you'll sit. The market will not bail you out.

The sweet spot is pricing close to the HonestDoor Price of $1,569,370 or the predicted market value of $1,538,471. That's where real buyers are living. Homes priced in that range have a better shot at moving in under 28 days. Price above it, and you're looking at a longer wait and likely a price cut anyway.

The good news - values are trending up. The predicted value of $1,538,471 is already beating the 3-month moving average of $1,522,989. The market is not falling. It's just asking sellers to be realistic. Come in priced right, and Mayfair's top-21 status in Calgary will do the rest of the work for you.

Bottom line - Mayfair is one of Calgary's most expensive and established neighbourhoods. The city's assessment flatters you a little. The HonestDoor Price keeps it real. Use the real number, price with confidence, and you'll find a buyer.

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.