Lemarchant Street, Carbonear - October 2026 Real Estate Report
Lemarchant Street, Carbonear: What Your Home Is Actually Worth Right Now
The Vibe on the Street
If you live on Lemarchant Street and you haven't checked your HonestDoor Price lately, now is the time. The market here is taking a breather - prices are down slightly from the last period - but there's more to the story depending on what type of property you own. Houses and condos are telling two very different tales right now.
Houses: Steady, But Watch the Trend
The average HonestDoor Price for a house on Lemarchant Street sits at $200,024, down 0.73% from the previous period. The predicted market value is $201,504, which is actually creeping up past the 3-month moving average of $199,760. So while the recent change shows a dip of 2.57%, the short-term trajectory is pointing upward. That's a small but real reason for house owners to pay attention.
- Average HonestDoor Price: $200,024
- Predicted Market Value: $201,504
- 3-Month Moving Average: $199,760
- Recent Price Change: -2.57%
- Average Rental Estimate: $1,092 per month
- Rental Yield: 6.11% - that's a strong return
- Airbnb Estimate: $54 per night (ranked 5th in Carbonear)
- Neighbourhood Growth Rank: 8 out of 8 on the Carbonear leaderboard
That growth rank is worth being honest about. Sitting at the bottom of the leaderboard means Lemarchant Street houses aren't leading the pack in Carbonear right now. Compare that to Water Street at $285,069 or Lower Southside Road at $270,073 - both are pulling significantly higher prices. High Road North at $168,636 is the one neighbourhood where we look like the better deal. The rental yield of 6.11% is genuinely strong though. If you're an investor or thinking about renting your place out, that number is hard to ignore.
Condos: A Bigger Story Unfolding
Condo owners on Lemarchant Street need to look at their numbers carefully. The average HonestDoor Price is $309,967, down 1.69% from the previous period. The predicted value is $315,300, but here's the number that stands out - the 3-month moving average is $377,267. That gap is significant. It means condo values have shifted hard in a short window, with a recent change of -21.19%.
- Average HonestDoor Price: $309,967
- Predicted Market Value: $315,300
- 3-Month Moving Average: $377,267
- Recent Price Change: -21.19%
- Average Rental Estimate: $1,663 per month
- Rental Yield: 4.17% - moderate returns
- Airbnb Estimate: $82 per night (ranked 4th in Carbonear)
- Neighbourhood Growth Rank: 4 out of 5 on the Carbonear leaderboard
Nearby condos in Lower Southside Road, White's Road, and Valley Road are all clustered in a similar price range - between $308,529 and $314,200. We're right in the middle of that pack. The Airbnb rank of 4th in Carbonear is decent, and at $82 per night there's real short-term rental potential here. But the growth rank of 4 out of 5 tells us condos on Lemarchant Street are below average performers in the city right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened to condo values over the last three months. It doesn't know that house values are sitting above their moving average right now. The HonestDoor Price is updated in real time using actual market signals. That means if you're making any decision about your property - selling, refinancing, renting, or just figuring out your net worth - the HonestDoor Price is the number that reflects the real world today, not what a government office calculated months or years ago.
For Lemarchant Street specifically, the gap between the predicted value and the 3-month moving average on condos is a perfect example. A static assessment would never catch a shift like that. Your HonestDoor Price does.
So What Does This Mean If You're Thinking About Selling This Summer?
For house owners, the timing is nuanced. Values are slightly off their recent peak, but the predicted price is above the moving average - which suggests the floor is holding. You're not in a panic situation. That said, sitting at the bottom of the Carbonear growth leaderboard means you shouldn't assume prices will climb sharply on their own. If you're ready to sell, price it sharp and move. Waiting for a big run-up may not be the play here.
For condo owners, the conversation is more urgent. A -21.19% recent change is a real number. If you were thinking about selling this summer, get your HonestDoor Price updated now and have an honest conversation about where the market is heading. The rental yield of 4.17% is moderate - not a slam dunk reason to hold. If your plan was to sell and move on, the window to act at a stronger price may be narrowing.
Bottom line - Lemarchant Street is not a runaway market right now. It's a street where knowing your exact numbers, not guessing, is what separates a good decision from a costly one. Check your HonestDoor Price. Then decide.
lemarchant street | carbonear | october 2026This 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.