Mayfair, Calgary - July 2026 Real Estate Report

Mayfair, Calgary: Your Home Is Worth Less Than the City Thinks - And That Actually Matters

The Vibe Right Now

If you have been watching the "For Sale" signs on your street, here is what is actually happening in Mayfair. The market is not crashing, but it is not on fire either. It is taking a breather - and that changes the math depending on whether you are buying, selling, or just curious about what your place is worth.

On the house side, 2 properties sold this period, with an average sale price of $1,555,000. Listings are sitting at $1,764,450 on average, which means buyers are negotiating. Hard. Homes are selling at 96.81% of list price - so if you list at $1.7 million, expect to close closer to $1.65 million. That gap is real money. Days on market is sitting at 28, which is slower than nearby Kelvin Grove at 16 days. We are not in panic territory, but sellers need to be sharp on pricing. This is a stable buyers market right now.

• Average sale price (Houses): $1,555,000
• Average list price: $1,764,450
• Sale-to-list ratio: 96.81%
• Average days on market: 28
• Price per square foot: $701
• Properties sold this period: 2

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

Here is the thing nobody tells you at the city assessment office. The average assessed value in Mayfair is $1,686,073. Sounds great, right? But the average HonestDoor Price is $1,538,471 - that is 8.75% lower than what the city has on file.

Why does that gap matter to your wallet? Because the city assessment is a snapshot from months ago, built on formulas that do not account for what buyers are actually doing right now. The HonestDoor Price pulls from real-time market signals. It is the number a serious buyer would actually put on paper today. And right now, that number is $147,000 lower than what Calgary has on record for the average Mayfair home.

The HonestDoor Price has nudged up 0.21% from the previous period, and the predicted market value for houses sits at $1,535,210 - up from the 3-month moving average of $1,514,192. So values are inching forward, not sliding back. That is a good sign heading into summer.

• Average assessed value: $1,686,073
• Average HonestDoor Price: $1,538,471
• Gap: 8.75% below assessed value
• HonestDoor Price change: +0.21% from last period
• Predicted house value: $1,535,210
• 3-month moving average: $1,514,192
• Recent value change: +2.67%

The Neighborhood Leaderboard

Mayfair punches well above its weight in Calgary. On the growth leaderboard, we rank 42 out of 233 comparable neighbourhoods - that puts us in the top 18% citywide. Price rank is 21 out of 220, meaning we are among the most expensive addresses in Calgary. Days-on-market rank is 29 out of 76, which puts us in the moderately fast-selling category.

Now look at who is around us. Bel Aire next door has an average HonestDoor Price of $3,317,788 - nearly double ours - but their growth rate is actually slower at 0.03% year over year. Kelvin Grove is cheaper at $1,328,961 but growing slightly faster at 0.05%. Meadowlark Park is the entry point of the group at $905,276 with flat growth. Mayfair sits in a sweet spot - premium pricing without the ceiling that Bel Aire buyers are bumping into.

• Mayfair growth rank: 42 out of 233 (top 18% in Calgary)
• Mayfair price rank: 21 out of 220 (among the priciest in Calgary)
• Neighbourhood growth (year over year): 0.04%
• Bel Aire HonestDoor Price: $3,317,788 - growth 0.03%
• Kelvin Grove HonestDoor Price: $1,328,961 - growth 0.05%
• Meadowlark Park HonestDoor Price: $905,276 - growth 0.00%

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

If you are considering listing this summer, the window is real but the strategy matters. Buyers in Mayfair are active - there were 4 transactions in 2026 across 157 assessed properties, and homes are moving in under a month. But they are not paying full ask. That 96.81% sale-to-list ratio tells you buyers are doing their homework and pushing back on overpriced listings.

The single biggest mistake a Mayfair seller can make right now is pricing off the city assessment. At $1,686,073 average assessed, that number is going to anchor your expectations in the wrong direction. The market is transacting closer to $1,535,000 to $1,555,000. Price sharp, present well, and you can still get a strong number in a top-20 priced neighbourhood in all of Calgary.

On the rental side, if selling is not on the table, the numbers still work. Estimated rent is $5,612 to $5,617 per month, with a rental yield of 4.10%. That is moderate but steady. Airbnb potential sits at $279 per night, ranking Mayfair 23rd in Calgary for short-term rental income - not the top of the city, but solidly in the conversation.

• Estimated monthly rent: $5,617
• Rental yield: 4.10%
• Airbnb estimate: $279 per night
• Airbnb rank in Calgary: 23rd
• Total transaction rank in Calgary: 121st
• Assessed value rank in Calgary: 7th

Bottom line - Mayfair is a premium neighbourhood holding its value in a market that is asking sellers to be realistic. Check your HonestDoor Price before you call an agent. It is the real-world number, not the city's best guess from six months ago.

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.