Mayfair, Saskatoon - July 2026 Real Estate Report

Mayfair Real Estate Right Now: Solid Bones, But Watch the Numbers Closely

If you own a home in Mayfair and you haven't checked your property value lately, this is your nudge. The market here is doing some interesting things - and your city assessment is almost certainly not telling you the full story.

The Vibe: Houses vs. Condos in Mayfair

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

Houses

If you've been watching the "For Sale" signs on the house side, here's what's actually happening. The average sale price for houses sits at $380,000, with a price per square foot around $260. The HonestDoor Price for houses is averaging $309,171 - up 1.90% from the previous period. That's a modest but real gain.

The predicted market value is currently $303,403, which is dipping slightly below the 3-month moving average of $305,596. Property values have shifted by -2.45% recently. That's not a freefall - it's a breather. But it's worth paying attention to.

• Average HonestDoor Price (Houses): $309,171 - up 1.90%
• Average Sale Price: $380,000
• Price per square foot: $260
• Predicted Market Value: $303,403
• 3-Month Moving Average: $305,596
• Recent Value Change: -2.45%
• Estimated Monthly Rent: $1,636
• Rental Yield: 5.98% - that's a strong return
• Neighbourhood Leaderboard - Growth Rank: 53 out of 79 in Saskatoon (below average)
• Neighbourhood Leaderboard - Price Rank: 17 out of 22 in Saskatoon (below average)

The rental yield of 5.98% is genuinely good news for anyone holding a house here as an investment. If you're a landlord or thinking about becoming one, Mayfair houses are pulling real weight on the income side. Airbnb potential sits at around $81 per night, ranking 75th in Saskatoon - not the top of the city, but a real option if you want to run short-term rentals.

Condos

The condo picture needs a closer look. The HonestDoor Price for condos is $228,488 - and that 5.54% increase sounds great on the surface. But the predicted market value is $216,490, which is running below the 3-month moving average of $237,666. Values have moved -6.23% recently. That gap between the HonestDoor Price and the predicted value is something to watch.

• Average HonestDoor Price (Condos): $228,488 - up 5.54%
• Predicted Market Value: $216,490
• 3-Month Moving Average: $237,666
• Recent Value Change: -6.23%
• Estimated Monthly Rent: $1,244
• Rental Yield: 4.30% - moderate returns
• Airbnb Estimate: $62 per night - ranks 40th in Saskatoon
• Neighbourhood Leaderboard - Growth Rank: 48 out of 68 in Saskatoon (below average)

A 4.30% rental yield on condos is decent but not spectacular. And sitting at 48 out of 68 on the growth leaderboard means we're not leading the pack. If you own a condo here, now is a smart time to get a clear-eyed read on where your value actually stands.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. It doesn't factor in current buyer demand, recent sales, or the fact that values in Mayfair are actively shifting right now.

The HonestDoor Price is updated in real time. It's pulling from actual market activity, not a government formula that gets refreshed once a year. For houses, we're seeing a $309,171 average HonestDoor Price against a predicted value of $303,403 - that's a meaningful difference from what your assessment might show. For condos, the HonestDoor Price of $228,488 versus a predicted value of $216,490 is an even bigger gap.

That difference isn't just a number on a screen. It's the difference between pricing your home right and leaving money on the table - or scaring buyers off with an ask that doesn't match reality. Check your HonestDoor Price now. Don't wait for the city to catch up.

The So What: Thinking About Selling This Summer?

If you're a house owner in Mayfair and you're thinking about listing this summer, here's the honest read. You're sitting on a property with a solid rental yield and a real sale price benchmark around $380,000. But the predicted value is softening slightly and the growth rank of 53 out of 79 means Mayfair isn't the hottest neighbourhood in Saskatoon right now. That's not a reason to panic - it's a reason to price smart and move with intention.

Waiting for the market to heat up more might work. But with values dipping slightly from the 3-month average, the window you have right now is worth taking seriously. A well-priced house in Mayfair can still move well this summer.

For condo owners, the picture calls for a bit more caution. With a -6.23% recent value shift and a predicted value running below the moving average, this is not the moment to overprice and hope. Know your number - your real HonestDoor number - before you set an ask.

Bottom line: Mayfair is a neighbourhood with real value and real rental income potential. But right now, the market rewards the sellers who come in with accurate, up-to-date pricing. That starts with checking your HonestDoor Price today - not your last tax notice.

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.