10/13/2026
25,200.
That's what a 50-foot building lot in Mount Pearl's Power's Pond subdivision cost when this ad ran — about 40 years ago. "Brisk sales being experienced for choice lots," it said.
Today, that same serviced lot in a new subdivision runs roughly $199,000.
But here's the number that actually tells the story. If land had only kept pace with inflation, that lot would cost about $63,000 today. It's nearly 3× that. Land hasn't just grown with the economy — it has run well ahead of it.
Why it matters:
🏗️ Land is the biggest single cost in a new build — and the one cost no builder can negotiate down. 📈 Ready-to-build lots are scarce. St. John's metro active listings are at their lowest level in over 15 years. 🏡 The average home in St. John's sold for $372,633 in September 2026, up 7% year over year. ⏳ Waiting doesn't usually make land cheaper. In this market, it has historically made it more expensive.
Forty years later, the line in this ad still holds: brisk sales for choice lots.
If you're thinking about buying land, building, or just want to know what your property is worth in today's market — let's talk. No pressure, just numbers you can plan around.
📞 709-771-0255 Zack Howard | REALTOR® | Royal LePage Atlantic Homestead
