Spencer Street, St. John's - September 2026 Real Estate Report

Spencer Street, St. John's: Here's What Your Home Is Actually Worth Right Now

If you live on Spencer Street and you're still going off your city assessment to figure out what your place is worth, it's time for a reality check. The market has been moving, and the numbers tell two very different stories depending on whether you own a house or a condo on this street.

The Vibe: Houses vs. Condos - Two Streets, One Address

For those of us in houses on Spencer Street, the market is taking a breather. The average HonestDoor Price sits at $250,250, down 3.59% from the previous period. The 3-month predicted value is $259,579, which is sliding from a moving average of $263,137. That tells us the cooling has been gradual, not a cliff drop - but it is a real trend worth watching.

• Average HonestDoor Price (Houses): $250,250
• Recent price change: -3.59%
• Predicted market value: $259,579
• 3-month moving average: $263,137
• Estimated monthly rent: $1,395
• Rental yield: 6.04% - that is a strong return
• Airbnb estimate: $69 per night
• Neighbourhood growth rank: 54 out of 92 in St. John's

That 6.04% rental yield is the number house owners should be paying attention to. If selling feels uncertain right now, renting your place out delivers real, above-average income. On the neighbourhood leaderboard, Spencer Street houses rank 54 out of 92 - sitting in the lower half of St. John's, which means there is room to climb.

Condo owners, your story is a lot more interesting. The average HonestDoor Price for condos on Spencer Street is $443,257, up 6.45% from the previous period. The predicted value is $416,403, and that number is climbing - up from a 3-month moving average of $371,484. That is upward momentum you can take to the bank.

• Average HonestDoor Price (Condos): $443,257
• Recent price change: +6.45%
• Predicted market value: $416,403
• 3-month moving average: $371,484 - and rising
• Estimated monthly rent: $2,166
• Rental yield: 3.99%
• Airbnb estimate: $114 per night
• Neighbourhood growth rank: 52 out of 92 in St. John's

Condo values here are moving in the right direction. Nearby Harvey Road condos average $778,764, and even Lemarchant Road East sits at $496,447 - so Spencer Street condos are still priced with room to grow relative to the neighbours.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about city 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 in actual sales data and current market signals. For Spencer Street house owners, that means knowing your value has dipped 3.59% before you make any big decisions. For condo owners, it means knowing you are sitting on a 6.45% gain that your assessment has not caught up to yet.

Waiting for the city to tell you what your home is worth is like checking last year's weather forecast before you head out the door. Use the HonestDoor Price as your real-world check - it is the number that actually reflects what a buyer would pay today.

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

If you own a house on Spencer Street and a summer sale is on your mind, the honest advice is this - move sooner rather than later. Values have slipped 3.59% and the 3-month trend is still drifting downward. You are not in freefall, but waiting for a rebound that has not shown up yet is a gamble. Listing now while your HonestDoor Price is still above $250,000 puts you in a stronger position than listing in the fall if the slide continues.

If you own a condo, the calculus flips. You have got a 6.45% gain working in your favour and a predicted value that is trending up from its 3-month average. A summer listing could catch buyers who are priced out of Lemarchant Road East and Harvey Road - and Spencer Street looks like a smart alternative at $443,257 versus Harvey Road's $778,764.

Either way, the first move is simple - pull your free HonestDoor Price at HonestDoor.com and see exactly where you stand today. No waiting. No guessing. Just the real number.

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.