The Magpies embarked upon the new campaign with a demoralising 4-0 defeat at Manchester City and after a difficult summer transfer window, some commentators were less than optimistic about their prospects.
However, successive victories over Fulham and, more impressively, Aston Villa, have dispelled some of the clouds which were hanging over St James' Park and sparked more promising forecasts.
But having seen his side touted both as relegation candidates and top-five hopefuls in the space of a few weeks, Pardew is remaining firmly grounded as he prepares for Saturday's visit of promoted Hull to Tyneside.
He said: "For us Premier League managers, it's about trying to keep everybody's feet firmly planted on the ground in reality, because some of the stuff that's said is just complete fantasy.
"I never actually thought we were in as bad a situation as some people were suggesting in the media and even our own fans.
"But as I have said all along, it's about results, it's results that speak more than anything you can say.
"We have got two wins and we have got to back them up now with a home performance."
The pessimism surrounding Newcastle's season was founded largely on their failure to significantly strengthen their squad during the transfer window with director of football Joe Kinnear managing to clinch only the loan signing of striker Loic Remy.
Pardew toed the party line in professing himself satisfied with his lot immediately after the deadline had passed despite having spent the previous few weeks pleading for attacking reinforcements.
However, he remains adamant that the picture was never as bleak as it was painted.
He said: "I thought there was an over-reaction to that - but there always is with Newcastle.
"Whether it's good or bad, we get an over-reaction, and that's the way the media is with the Premier League as well.
"You have only got to look at Chelsea's defeat the other night and suddenly the writing is on the wall for Jose [Mourinho] and that team. It's rubbish, really.
"You do get setbacks and you just have to keep a level head. We have kept a level head all the way through. We think we have got a good side, but there are still a lot of games to go and we haven't proved anything yet."
The Magpies currently sit in eighth place in the table, level on seven points with, among others, the Manchester duo, but it was the manner of their victory at Villa Park which most pleased their manager.
Pardew said: "I just definitely feel that, standing on the sideline, my side has more power to it, more offensive options.
"That was something we were really searching for last year, particularly in the second half of last season.
"This season, I would like to think we are going to have a much more Newcastle-looking team attacking-wise."
Pardew will be without injured duo Steven Taylor and Shola Ameobi as he tries to get the better of Geordie Steve Bruce's Tigers.
Bruce will hope for better fortunes than he enjoyed on his last trip to St James' when his Sunderland team was routed 5-1 on October 31, 2010, a derby defeat which for many Black Cats fans was simply too much to forgive.
Pardew said with a smile: "I think our fans will remember that he managed Sunderland and will be reminding him.
"He has done a fabulous job at Hull. It's a different scenario for him now, but I don't think those memories will leave.
"He's a local boy and he knows how important the football is up here."