Purcell Street, St. John's - August 2026 Real Estate Report

Purcell Street, St. John's: Your Home Is Worth More Than The City Thinks

The Vibe Right Now

If you live on Purcell Street and you haven't checked your HonestDoor Price lately, now is the time. The story here is split depending on what you own - and the two sides of that story are pretty different.

Houses: Steady, But Watch The Trend

House values on Purcell Street are sitting at an average HonestDoor Price of $303,905, up 0.55% from the previous period. That sounds fine on the surface. But the 3-month moving average tells us something worth paying attention to - the predicted value of $302,233 is sliding below that $305,512 average. In plain terms, house prices here have dipped about 2.77% recently.

On the neighbourhood leaderboard, Purcell Street houses rank 51 out of 92 comparable neighbourhoods in St. John's. That puts us just below the midpoint - not struggling, but not leading the pack either. Think of it as the market taking a breather.

• Average HonestDoor Price (Houses): $303,905
• 3-Month Predicted Value: $302,233
• Recent Price Change: -2.77%
• Estimated Monthly Rent: $1,620
• Rental Yield: 5.99% - that is a strong return
• Growth Rank: 51 out of 92 in St. John's

One bright spot for house owners? That 5.99% rental yield is genuinely solid. If you are not living there, renting it out at an estimated $1,620 per month makes real financial sense.

Condos: The Quiet Overachiever

Here is where it gets interesting. Condo values on Purcell Street are not just holding - they are climbing. The predicted market value of $193,330 is well above the 3-month moving average of $173,693. That is a 40.64% recent change in property values. That number is hard to ignore.

On the neighbourhood leaderboard, Purcell Street condos rank 28 out of 94 in St. John's. Above average. We are outpacing nearby Kilbride Avenue (estimated at $182,000) and Old Petty Harbour Road East (estimated at $177,405). If you own a condo here, you are in a better position than most of your neighbours across the city.

• Average HonestDoor Price (Condos): $193,943
• 3-Month Predicted Value: $193,330
• Recent Price Change: +40.64%
• Estimated Monthly Rent: $1,061
• Rental Yield: 4.34% - moderate but consistent
• Growth Rank: 28 out of 94 in St. John's - above average

The Secret Sauce: Why Your Tax Assessment Is Already Outdated

Here is the thing about government assessments - they are a snapshot from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual market activity right now. It is not what your home was worth last year. It is what it is worth today.

For Purcell Street condo owners especially, this gap matters. If your city assessment has not caught up to that 40.64% recent value shift, you could be sitting on equity you do not even know about yet. Checking your HonestDoor Price takes two minutes and gives you a real-world number - not a bureaucratic one.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house owners, the honest answer is: do not wait too long. The 3-month trend is softening. You are still in positive territory year-over-year, but the recent dip of 2.77% is a signal worth respecting. Listing this summer while demand is active makes more sense than holding out and hoping the trend reverses on its own.

For condo owners, the picture is brighter. You have momentum on your side. A growth rank of 28 out of 94 means buyers looking in St. John's are going to find Purcell Street condos competitive and fairly priced compared to the rest of the city. Summer is a good window to move.

Either way, the first step is the same - get your current HonestDoor Price, compare it to what the city has on file, and you will know exactly where you stand before you make any decisions.

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.