Admiralty Wood, Mount Pearl - September 2026 Real Estate Report

Admiralty Wood, Mount Pearl: Your Neighbours Are Watching the Numbers. You Should Too.

The Vibe Right Now

If you've been keeping an eye on "For Sale" signs in Admiralty Wood, here's the honest read: the market is taking a breather. Prices are softer than they were a few months ago, but this neighbourhood still holds its own against everything around it. Let's break it down by property type, because houses and condos are telling two different stories.

Houses - Still the Top Dog on the Block

The average HonestDoor Price for a house in Admiralty Wood sits at $506,482. That's down 1.04% from the previous period, and the 3-month moving average of $521,180 confirms the trend - values have dipped about 2.91% recently. Not a crash. Not a panic. Just a cooling-off.

On the neighbourhood leaderboard, Admiralty Wood houses rank 15 out of 28 comparable neighbourhoods in Mount Pearl for growth. That puts us in the below-average tier right now. Worth knowing, not worth losing sleep over.

The rental story is genuinely strong though. Estimated rent comes in at $2,540 to $2,565 per month, with a rental yield of 5.61%. That's a number that gets investors' attention. And if you're curious about short-term rentals, Admiralty Wood holds the number 2 Airbnb rank in all of Mount Pearl for houses. That matters.

• Average HonestDoor Price (Houses): $506,482
• Recent price change: -2.91%
• 3-month moving average: $521,180
• Average monthly rent estimate: $2,540 - $2,565
• Rental yield: 5.61%
• Airbnb rank in Mount Pearl: 2 out of all neighbourhoods
• Growth rank: 15 out of 28 in Mount Pearl

Compare that to our neighbours - Parsons Meadow is priced at $394,944, Westminster at $463,243, and Westbrook Landing at $422,645. Every single one of them is cheaper than Admiralty Wood. We're the premium address in this corner of Mount Pearl, and the numbers back that up.

Condos - A Bigger Swing, But a Better Rank

Condos are where the data gets more interesting - and more complicated. The average HonestDoor Price is $311,400, which is down 19.37% from the previous period. That's a significant move and worth paying close attention to if you own a condo here.

The predicted market value sits higher at $386,200, which is slightly below nearby Westminster ($386,912) and Parsons Meadow ($396,200). The 3-month moving average of $387,000 shows values are easing slightly. Recent price change is -4.43%.

Here's the flip side though - on the condo leaderboard, Admiralty Wood ranks 10 out of 26 comparable neighbourhoods in Mount Pearl. That puts us in the above-average tier for condos. So while prices have pulled back, we're still outperforming more than half the city on a relative basis.

• Average HonestDoor Price (Condos): $311,400
• Recent price change: -4.43%
• 3-month moving average: $387,000
• Average monthly rent estimate: $1,670 - $2,030
• Rental yield: 4.06%
• Airbnb rank in Mount Pearl: 1 out of all neighbourhoods
• Growth rank: 10 out of 26 in Mount Pearl

And that Airbnb rank of number 1 in Mount Pearl for condos? That's not a small thing. If you're holding a condo and wondering what to do with it, the short-term rental potential here is the best in the city.

The Secret Sauce - Why Your HonestDoor Price Beats Your Tax Assessment

Here's the thing about your city tax assessment: it's a snapshot from the past. It gets updated on a schedule, not in real time. The market doesn't wait for that schedule.

Your HonestDoor Price is updated continuously, pulling in current sales data and market signals. Right now, with house values sitting around $506,482 and condos showing a notable shift, the gap between what the city thinks your home is worth and what a buyer would actually pay today could be significant - in either direction.

If your assessment is lagging behind a market that has moved, you could be making decisions - whether to sell, refinance, or renovate - based on stale numbers. The HonestDoor Price is the real-world check. Use it.

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

Straight talk: if you own a house in Admiralty Wood and you're thinking about listing this summer, you're entering a softer market than six months ago. Prices have pulled back and the 3-month trend is pointing downward. That doesn't mean you can't sell well - it means you need to price it right from day one. Overpricing in a cooling market is the fastest way to sit on a listing nobody calls about.

The good news is that Admiralty Wood still commands a premium over every nearby neighbourhood. Buyers who want this address will pay for it. You just can't expect last year's peak prices to hold.

For condo owners, the picture is more nuanced. The 19.37% drop in the HonestDoor Price is a signal to get a current read on your property before making any moves. Check your HonestDoor Price today - not your assessment, not a guess - and make your decision from there.

Bottom line: Admiralty Wood is still one of the stronger addresses in Mount Pearl. The market is adjusting, not collapsing. Know your real number, price with confidence, and move when the timing is right for you.

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.