Prince Edward Island Real Estate: A Look Back at Last Week’s Market Activity

The Prince Edward Island real estate market continues to buzz with activity, offering a wide range of properties for buyers and investors. Last week saw numerous transactions and listings that showcase the island’s diversity in terms of property types and communities. Here’s a recap of some of the noteworthy listings and sales:

SOLD Properties

Single Family Homes

Cornwall witnessed the sale of a stunning single-family home at $575,000, highlighting the demand for quality homes in this community. Meanwhile, Morell saw a single-family home sell for $369,900, showcasing the affordability of homes in this charming area.

Pembroke also had a noteworthy sale at $119,000, making it an attractive option for those seeking budget-friendly homes. In Charlottetown, a bustling city with rich history and modern amenities, a single-family home sold for $284,500, emphasizing the city’s real estate appeal.

Countryside Charm: The rural charm of PEI’s countryside continues to attract buyers. In Forest Hill, an acreage was sold for $22,000, offering a piece of pristine land for those seeking a tranquil retreat. Additionally, a single-family home in St. Margaret found a new owner at $49,900, showcasing the affordability of rural living.

Investment Opportunities: Investors found lucrative opportunities in PEI’s real estate market. A single-family home in Stratford sold for an impressive $749,900, underlining the potential for investment in this community. Moreover, a cottage/rec. property in Blooming Point was sold for $399,000, emphasizing the popularity of vacation properties on the island.

Vacant Lots and Acreages

St. Peter’s Harbour saw the sale of a vacant lot for $125,000, offering the opportunity to build a custom home near the water. Belfast witnessed the sale of a mobile/mini property for $200,000, showcasing options for those seeking compact living.

In terms of acreages, Iona had an acreage sell for $49,000, making it an attractive option for those dreaming of owning vast expanses of land. Additionally, a duplex in Montague was sold for $319,900, highlighting the investment potential in this growing community.

ACTIVE Listings

Diverse Property Types

PEI’s real estate market has something for everyone. Whether you’re looking for an office space in Charlottetown listed at $17 or a luxurious condominium for lease at $2,300, you can find it here.

Vacant lots are aplenty in various communities, such as Murray Harbour and Village Green, both offering opportunities for those with a vision. Acreages in Murray River and Cardigan North are available for those who desire a piece of the island’s countryside.


Condominiums continue to be a popular choice. While some listings in East Royalty and Charlottetown have been withdrawn, there are active listings in various price ranges, with options for every budget.

Conditional Sales and Expired Listings

Conditional sales and expired listings are also part of the PEI real estate landscape. Buyers have shown interest in properties like vacant lots in Mount Stewart and an acreage in Green Meadows, both under conditional sales.

It’s important to note that while some listings expired, this doesn’t necessarily indicate a lack of interest. Market conditions and seller preferences can influence listing status changes.

Looking Ahead

As we move forward, the Prince Edward Island real estate market continues to be a dynamic and exciting place for both buyers and sellers. With diverse property types, affordability, and natural beauty, PEI remains a coveted destination for those seeking their dream property. Whether you’re a first-time homebuyer, an investor, or someone looking for a serene escape, PEI has options that may fit your vision of the perfect property.

For the most up-to-date information on PEI’s real estate market, be sure to consult with local real estate professionals who can provide you with insights tailored to your specific needs and preferences.