Mayfair, Saskatoon - August 2026 Real Estate Report

Mayfair Real Estate Check-In: What Your Neighbour's House Is Actually Worth Right Now

If you own a home in Mayfair and you're still going off your city assessment, you're probably working with stale numbers. Here's the real picture - and it's a bit of a mixed bag depending on whether you're holding a house or a condo.

The Vibe: Houses vs. Condos in Mayfair

Let's break down what's actually happening for us here in Mayfair, because houses and condos are telling two very different stories right now.

Houses: The average HonestDoor Price sits at $300,396, which is down 2.84% from the previous period. That said, the predicted market value for houses is $309,171 - and that number is actually creeping upward from the 3-month moving average of $307,867. So while the broader average dipped, the forward-looking signal is pointing slightly higher. Average sale prices came in at $380,000, with price per square foot around $260. On the rental side, we're looking at an estimated $1,593 per month, with a strong rental yield of 5.97%. That's a number landlords pay attention to.

Condos: This is where we need to be honest with each other. The average HonestDoor Price for condos dropped 7.30% to $211,810. That's a meaningful dip. The silver lining? The predicted market value is $228,488 - above the HonestDoor average - and it's climbing past the 3-month moving average of $225,285. Condo values have also moved up 5.54% recently, which puts Mayfair condos at rank 14 out of 68 comparable neighbourhoods in Saskatoon for growth. That's genuinely above average. Rental estimate comes in at $1,159 per month with a 4.28% yield - moderate, but steady.

• House HonestDoor Price: $300,396 (down 2.84%)
• House predicted value: $309,171 (rising vs. 3-month average)
• House rental estimate: $1,593/month - rental yield: 5.97%
• House growth rank: 58 out of 77 neighbourhoods in Saskatoon
• Condo HonestDoor Price: $211,810 (down 7.30%)
• Condo predicted value: $228,488 (rising vs. 3-month average)
• Condo rental estimate: $1,159/month - rental yield: 4.28%
• Condo growth rank: 14 out of 68 neighbourhoods in Saskatoon

The Neighbourhood Leaderboard

Think of Saskatoon neighbourhoods as a standings table. For houses, Mayfair sits at 58 out of 77 - that puts us in the lower tier for growth right now. The market is taking a breather here compared to some other parts of the city. On price rank, we're sitting at 17 out of 22, which means Mayfair houses are on the more affordable end of the Saskatoon spectrum. For buyers, that's actually a point of interest. For sellers hoping for a bidding war, it's a reality check.

Condos flip the script. Rank 14 out of 68 for growth is a genuinely strong position. If you own a condo in Mayfair, your asset is outperforming most of the city on momentum - even if the headline HonestDoor number dipped. Nearby, every comparable condo neighbourhood - Hudson Bay Park, Kelsey-Woodlawn, and Airport Business Area - is priced higher than us. That gap could close.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling in actual sales data and current market signals. For Mayfair houses, the predicted value of $309,171 is already higher than the average HonestDoor Price of $300,396. That gap matters if you're making a financial decision today - whether that's refinancing, selling, or just knowing what you actually own.

For condo owners, the gap is even wider. Your city assessment won't reflect the 5.54% recent value change or the upward trajectory past the 3-month moving average. The HonestDoor Price is your real-world check - not a number designed for tax purposes, but one built to reflect what a buyer would actually pay right now.

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

If you own a house in Mayfair and you're thinking about listing this summer, go in with clear eyes. The market here isn't racing ahead - growth rank 58 out of 77 tells you that. Only 1 house sold in the recent period, so we're not talking about a flood of activity. That means pricing it right from day one matters more than ever. Overpricing in a slow-volume market is the fastest way to sit on a listing. Use the HonestDoor Price as your anchor, not wishful thinking.

If you own a condo, the story is more encouraging. You're in a neighbourhood that's outperforming most of Saskatoon on growth momentum, and you're priced below every nearby comparable neighbourhood. A well-presented condo, priced at or just under the predicted value of $228,488, has a real shot at attracting buyers who got priced out of Hudson Bay Park or Kelsey-Woodlawn. That's your pitch.

Either way - house or condo - pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your number, not guessing at it.

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.