Mayfair, Saskatoon - September 2026 Real Estate Report

Mayfair Real Estate Right Now: Solid Houses, Soft Condos

If you live in Mayfair and you haven't checked your home's value lately, here's the honest picture. The neighbourhood is holding its own on the house side, but condos are having a rougher go of it. Here's what the numbers actually mean for your wallet.

The Vibe: Houses vs. Condos

For those of us in houses, Mayfair is doing reasonably well. The average HonestDoor Price sits at $297,245, and yes, it's down a small 1.10% from last period. But the predicted market value for houses is $300,544, and the price per square foot is around $260. The average sale price on recent transactions came in at $380,000. That gap between the HonestDoor Price and the sale price tells you something important - well-positioned houses in Mayfair are still moving at a premium when they hit the market.

• Average HonestDoor Price (Houses): $297,245
• Predicted Market Value (Houses): $300,544
• Average Sale Price (Houses): $380,000
• Price Per Square Foot: $260
• Estimated Monthly Rent: $1,578 - $1,593
• Rental Yield: 5.98% - that's a strong return
• Growth Rank: 34 out of 78 neighbourhoods in Saskatoon - above average

On the condo side, we need to be straight with each other. The numbers are softer. The average HonestDoor Price for condos is $212,808, up a tiny 0.47%, but the predicted market value is $211,810 - and that's down from a 3-month moving average of $218,929. Property values for condos have shifted -7.30% recently. The growth rank here is 65 out of 69 neighbourhoods. That puts Mayfair condos near the bottom of the Saskatoon leaderboard right now.

• Average HonestDoor Price (Condos): $212,808
• Predicted Market Value (Condos): $211,810
• 3-Month Moving Average (Condos): $218,929
• Estimated Monthly Rent: $1,163
• Rental Yield: 4.32% - moderate
• Growth Rank: 65 out of 69 neighbourhoods in Saskatoon - bottom tier

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

Here's something most Mayfair homeowners don't think about until it's too late. Your city assessment is a snapshot from the past. It gets updated on a schedule that has nothing to do with what buyers are actually paying on your street right now.

The HonestDoor Price is a real-time check on what your property is actually worth today - not what a government office decided it was worth 12 to 18 months ago. For house owners in Mayfair, that predicted value of $300,544 is a live number that moves with the market. For condo owners, it's showing a -7.30% shift that your tax assessment almost certainly hasn't caught up to yet. Knowing that now gives you options. Waiting until the assessment catches up just means you're the last one to know.

If you own a house and are renting it out, a 5.98% rental yield is genuinely strong. That's the kind of number that makes Mayfair houses worth holding onto - or worth pricing correctly if you decide to sell.

The So What: Thinking About Selling This Summer?

For house sellers, the timing isn't bad. Mayfair ranks 34 out of 78 Saskatoon neighbourhoods for growth - that's a middle-of-the-pack-to-above-average position. The market isn't on fire, but it's not taking a hard breather either. The fact that recent sales hit $380,000 on average suggests buyers are still showing up with real money for the right property. Price it right, present it well, and you have a reasonable shot at a strong summer sale.

For condo sellers, the honest advice is this - don't wait and hope the numbers improve on their own. With a growth rank of 65 out of 69 and values trending below the 3-month average, the window to get ahead of further softening is now. A condo priced at $211,810 today could face more pressure by fall if the trend holds.

Either way, the smartest first move is checking your HonestDoor Price before you call an agent, set a list price, or make any decisions. It's the real-world number - not the one on your 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.