O'Leary Avenue, St. John's - August 2026 Real Estate Report

O'Leary Avenue Is Quietly Outperforming Most of St. John's Right Now

If you own a home on O'Leary Avenue and you haven't checked your property value lately, you're probably sitting on more than you think. This street is punching above its weight in a city where a lot of neighbourhoods are just treading water.

The Vibe: Houses vs. Condos - Two Different Stories, Both Good

Let's break down what's actually happening for us here on O'Leary Avenue.

Houses are the headline act. The average HonestDoor Price sits at $484,582, and the 3-month trend is moving in the right direction - the predicted market value of $483,290 is climbing past the 3-month moving average of $476,337. That's real upward momentum, not a blip. Property values have shifted 1.94% recently, and on the neighbourhood leaderboard, O'Leary Avenue houses rank 5th out of 92 neighbourhoods in St. John's for growth. Top 6%. That's not a participation trophy - that's genuinely elite.

• Average HonestDoor Price (Houses): $484,582
• Predicted Market Value: $483,290
• 3-Month Moving Average: $476,337
• Recent Value Change: 1.94%
• Growth Rank: 5 out of 92 neighbourhoods in St. John's
• Average Rental Estimate: $2,446 per month
• Rental Yield: 5.67%
• Airbnb Estimate: $122 per night - ranked 13th in St. John's

Condos are the sleeper story. The average HonestDoor Price is $379,821, up 2.91% from the previous period. The predicted market value of $369,095 is well above the 3-month moving average of $333,805 - that's a significant gap, and it signals strong upward pressure. The growth rank here is 20th out of 94 neighbourhoods, which puts O'Leary Avenue condos firmly in the above-average tier across the city.

• Average HonestDoor Price (Condos): $379,821
• Predicted Market Value: $369,095
• 3-Month Moving Average: $333,805
• Recent Value Change: 40.76%
• Growth Rank: 20 out of 94 neighbourhoods in St. John's
• Average Rental Estimate: $1,951 per month
• Rental Yield: 4.04%
• Airbnb Estimate: $97 per night

Compare that to our neighbours. O'Brien's Hill houses are averaging $300,897. Empire Avenue West sits at $361,608. Mount Scio comes in at $392,891. We're ahead of all three - and it's not close on the house side.

The Secret Sauce: Your Tax Assessment Is Already Out of Date

Here's the thing most homeowners on O'Leary Avenue don't realize. The city's property assessment is a snapshot from the past - sometimes over a year old by the time it lands in your mailbox. It doesn't know about the momentum we're seeing right now. It doesn't know that house values here are trending up past $476,000 on a 3-month basis and still climbing.

The HonestDoor Price is updated in real time using current market data. It's the difference between knowing what your home was worth and knowing what it's worth today. For a house on O'Leary Avenue, that gap could easily be tens of thousands of dollars. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that actually reflects the real world.

Your tax assessment is a rearview mirror. The HonestDoor Price is the windshield.

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

If you've been on the fence about listing this summer, the data is giving you a nudge. Here's the straight talk on what these numbers mean for your wallet.

For house owners, a 5.67% rental yield tells buyers this property makes financial sense as an investment - not just a place to live. That broadens your pool of potential buyers. Sitting at rank 5 out of 92 in city-wide growth means buyers doing their homework will find O'Leary Avenue on their shortlist. You have leverage right now.

For condo owners, the gap between the 3-month moving average ($333,805) and the current predicted value ($369,095) is the kind of spread that suggests the market is still catching up to where prices are heading. Listing while that momentum is building - rather than after it levels off - is the smarter play.

Either way, the neighbouring streets are cheaper. Buyers who want this area but get priced out of O'Leary Avenue don't have an obvious step-down option nearby that matches what we offer. That's a good position to be selling from.

Bottom line - check your HonestDoor Price today, not next spring. The market isn't waiting around, and neither should 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.