Exploring the Real Estate Market in Different Regions: A Statistical Overview
Welcome to our latest blog post, where we’ll take a deep dive into the real estate market in different regions. We’ve collected data on various properties from different areas, providing valuable insights into the housing trends and market dynamics. Let’s explore the stats from Eastern PEI, Charlottetown, Cornwall, and Stratford.
1. Eastern PEI:
- Total properties listed: 11
- Average listing price: $209,227
- Most common property type: Single Family (7 listings)
- Highest listing price: $869,000 (Single Family in Gladstone)
- Lowest listing price: $43,000 (Vacant Lot in Midgell)
- Average days on the market: 35
2. Charlottetown:
- Total properties listed: 24
- Average listing price: $302,962
- Most common property type: Single Family (13 listings)
- Highest listing price: $429,000 (Multiple properties)
- Lowest listing price: $28,000 (Vacant Lot in West Royalty)
- Average days on the market: 47
3. Cornwall:
- Total properties listed: 6
- Average listing price: $281,800
- Most common property type: Single Family (3 listings)
- Highest listing price: $389,900 (Single Family)
- Lowest listing price: $169,900 (Condominium)
- Average days on the market: 24
4. Stratford:
- Total properties listed: 6
- Average listing price: $271,083
- Most common property type: Single Family (3 listings)
- Highest listing price: $349,900 (Single Family)
- Lowest listing price: $34,900 (Vacant Lot)
- Average days on the market: 63
Key Takeaways:
- Charlottetown has the most significant number of properties listed, showcasing its popularity among homebuyers.
- Eastern PEI has the highest variation in property prices, with listings ranging from affordable vacant lots to luxurious single-family homes.
- Properties in Cornwall and Stratford tend to sell relatively quickly compared to Eastern PEI and Charlottetown, suggesting high demand in these regions.
Conclusion:
The real estate market in Prince Edward Island’s different regions offers a diverse range of properties at varying price points. Whether you’re looking for a cozy home in a peaceful rural area or a modern condominium in the heart of the city, PEI has something to offer for everyone. Keep in mind that the market is constantly changing, so staying updated on the latest trends and working with a knowledgeable real estate agent can be the keys to finding your dream property.
Please note that the data presented here is based on a specific snapshot in time and may not reflect the current market conditions. Always consult with a local real estate expert for the most up-to-date information. Happy house hunting!