Moores Drive, Mount Pearl - October 2026 Real Estate Report
Moores Drive, Mount Pearl: Your House Is Worth More Than the City Thinks
The Vibe Right Now
If you own on Moores Drive, you have two very different stories depending on what you own. Houses and condos are moving in opposite directions, and knowing which side you are on could be worth tens of thousands of dollars this summer.
Houses - Holding Strong at the Top of the Leaderboard
Here is the number that matters: houses on Moores Drive rank 3rd out of 27 neighbourhoods in Mount Pearl for growth. That is not a participation trophy - that is a top-11% finish. Our predicted market value sits at $464,664, and it is climbing. The 3-month moving average was $453,928, so the trend is pointing up.
- Predicted Market Value: $464,664
- 3-Month Moving Average: $453,928 (trending up)
- Recent Value Change: +5.26%
- Average HonestDoor Price: $432,854
- Estimated Monthly Rent: $2,376
- Rental Yield: 5.71% - that is a strong return
- Airbnb Rank in Mount Pearl: 4th
- Growth Rank: 3 out of 27 neighbourhoods
Compare that to our neighbours. Michener Avenue North houses are sitting at $359,063. Michener Avenue South is at $388,178. Sauve Street comes in at $400,659. We are priced above all three, and the gap is not small. If you own a house here, you are in a stronger position than most of Mount Pearl right now.
Condos - Taking a Breather
The condo picture is more honest. Predicted value is $310,308, but the 3-month moving average was $369,064 - that is a -20.21% swing, and it is worth paying attention to. The good news is that condo growth still ranks 10th out of 25 neighbourhoods, which puts us in the above-average category. It is not a freefall, but it is not the time to assume your condo is worth what it was six months ago either.
- Predicted Market Value: $310,308
- 3-Month Moving Average: $369,064 (trending down)
- Recent Value Change: -20.21%
- Average HonestDoor Price: $304,367
- Estimated Monthly Rent: $1,664
- Rental Yield: 4.19% - moderate, but still positive
- Growth Rank: 10 out of 25 neighbourhoods
Nearby condos in Michener Avenue North and Michener Avenue South are priced just slightly above us at $306,200 and $306,517. The spread is tight. In a soft condo market, that kind of competition matters.
The Secret Sauce - Why Your HonestDoor Price Beats Waiting for a Tax Notice
Here is the thing about your city assessment: it is a snapshot from the past. By the time it lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals - not a formula locked in from a year ago.
For house owners on Moores Drive, that gap is real money. The city assessment will not reflect that 5.26% recent value increase or the fact that we are outperforming 24 other Mount Pearl neighbourhoods. If you are making any financial decision - refinancing, selling, even just curious - the HonestDoor Price is the number that reflects what a buyer would actually pay today, not what a spreadsheet said last year.
So What Does This Mean If You Are Thinking About Selling This Summer?
For house owners - the timing is genuinely good. You are sitting in a top-3 growth neighbourhood, values are trending up month over month, and buyers looking at Michener or Sauve Street will quickly see that Moores Drive commands a premium. A strong rental yield of 5.71% also means investor buyers are paying attention. Do not leave money on the table by pricing off an old assessment.
For condo owners - be realistic. The predicted value has pulled back from recent highs. That does not mean you cannot sell well, but it does mean pricing sharp matters more right now. Check your HonestDoor Price, see where you sit against the Michener Avenue comps, and talk to your agent about positioning. A 4.19% rental yield still makes your unit attractive to investors if you market it right.
Bottom line: Moores Drive is one of the better addresses in Mount Pearl right now - especially if you own a house. Use the data, not the guesswork.
moores drive | mount pearl | 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.