Moores Drive, Mount Pearl - July 2026 Real Estate Report

Moores Drive, Mount Pearl: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city tax assessment and thinking it tells the full story, it doesn't. The market on Moores Drive has been moving, and the numbers are worth a close look before summer hits.

The Vibe: Houses vs. Condos on Moores Drive

Houses and condos are telling two very different stories on our street right now, and knowing which one you own matters a lot.

Houses: The average HonestDoor Price for a house on Moores Drive sits at $455,688. That's a slight dip of 0.56% from the previous period, so the market is taking a breather. But here's the more interesting number - the predicted market value is $458,235, and that figure is climbing above the 3-month moving average of $448,335. In plain terms, the short-term trend is pointing up even if the broader average nudged down a touch. If you own a house here, your asset is holding its ground and then some.

• Average HonestDoor Price: $455,688
• Predicted Market Value: $458,235
• 3-Month Moving Average: $448,335
• Recent Value Change: +2.89%
• Average Rental Estimate: $2,339 per month
• Rental Yield: 5.72% - that's a strong return
• Airbnb Estimate: $116 per night
• Neighbourhood Growth Rank: 16 out of 28 in Mount Pearl

That growth rank puts us in the middle of the Mount Pearl leaderboard - not leading the pack, but not at the back either. Houses here are also priced well above nearby Michener Avenue North ($371,336 predicted) and Michener Avenue South ($375,133 predicted), which tells you Moores Drive carries a real price premium in this corner of the city.

Condos: The condo picture is more complicated, and we should be straight about it. The average HonestDoor Price jumped 9.44% to $407,958 - that's a big move. But the predicted market value of $372,783 is actually sitting below the 3-month moving average of $520,297, and the recent value change is -15.13%. That gap between the HonestDoor Price and the predicted value is a signal worth watching. Rental yield for condos comes in at 4.08%, which is moderate but still workable for investors.

• Average HonestDoor Price: $407,958
• Predicted Market Value: $372,783
• 3-Month Moving Average: $520,297
• Recent Value Change: -15.13%
• Average Rental Estimate: $2,131 per month
• Rental Yield: 4.08%
• Airbnb Estimate: $105 per night
• Neighbourhood Growth Rank: 17 out of 26 in Mount Pearl

Condo neighbours on Michener Avenue North, South, and Sauve Street are all priced slightly higher than us right now. That's a gap to keep an eye on.

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

Here's the thing about your city assessment - it's a snapshot taken months ago, sometimes longer. It doesn't know what happened on your street last Tuesday. The HonestDoor Price is updated in real time using actual market signals, so it reflects what a buyer would likely pay today, not what a government office calculated last year.

For house owners on Moores Drive, that difference right now could be meaningful. Your predicted value of $458,235 is above the 3-month average, which means the city's static number is probably lagging behind what your home is actually worth on the open market. Checking your HonestDoor Price costs nothing and takes two minutes. Leaving money on the table because you trusted an outdated number costs a lot more.

The So What - Thinking About Selling This Summer?

If you own a house on Moores Drive and selling has crossed your mind, the timing conversation is real. Values are trending upward from the 3-month average, the rental yield is strong at 5.72%, and you're sitting above comparable streets in terms of price. Buyers looking in Mount Pearl will see Moores Drive as a step up from Michener Avenue and Sauve Street - use that.

The honest advice: don't wait for your next assessment to tell you what to list at. Pull your HonestDoor Price, compare it to the predicted value of $458,235, and have that conversation with your agent armed with current data instead of old data.

For condo owners, the picture calls for a bit more patience. The volatility between the HonestDoor Price and the predicted value suggests the condo segment on Moores Drive is still finding its footing. If you don't need to sell this summer, watching how the next few months shake out is a reasonable call. If you do need to move, price it sharp - nearby condos on Michener and Sauve are competing for the same buyers.

Bottom line: Moores Drive is a solid address in Mount Pearl. Houses are the stronger play right now. Know your number before you make any moves.

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.