Welcome to another edition of the PEI Weekly Real Estate Update, brought to you by Keith MacLean of ReMax Charlottetown. As summer is in full swing, the Prince Edward Island real estate market continues to show its vitality and diversity. Let’s dive into the latest listings, sales, and updates from across the island.

Recent Sales

The past week has seen an impressive flurry of real estate activity, with several properties finding new owners. Here are some of the noteworthy sales:

  • A charming Single Family home in Stratford was snapped up for $380,000.
  • A fantastic opportunity was seized with the sale of a Fourplex in the heart of Charlottetown for $499,000.
  • A stunning Single Family residence in Mermaid changed hands for $629,000.
  • A Duplex in Cornwall found new owners at the price of $650,000.
  • A quaint Single Family home in Millview was successfully sold for $339,000.

These sales highlight the diversity of property types and communities that PEI has to offer, catering to a wide range of buyers with varying preferences and needs.

Current Listings

The real estate market on Prince Edward Island is as vibrant as ever, with a range of properties available for potential buyers. Here are some of the current listings:

  • A Vacant Lot in Murray Harbour is up for grabs at an asking price of $16,500.
  • An Acreage in Green Meadows, previously listed at $25,000, is waiting for the right investor.
  • Multiple Vacant Lots in various communities such as St. Marys Road, Albion, Donagh, and more are available, ranging from $29,900 to $60,000.
  • A picturesque Cottage/Rec. Property in Little Pond is listed at $149,900.
  • For those looking for more substantial properties, a Single Family home in Kingsboro is listed at $124,900.
  • A Mobile/Mini home in Murray River has entered into a conditional sale agreement for $199,900.
  • The market also boasts a variety of Single Family homes, Condominiums, and Acreages in a range of prices and communities.

Market Trends and Outlook

The PEI real estate market continues to display its resilience and popularity among both local residents and those seeking a charming island lifestyle. With the ongoing demand for various property types, from quaint cottages to spacious single-family homes and investment-ready multi-unit properties, the market is providing opportunities for buyers and sellers alike.

As the summer season progresses, buyers are taking advantage of the pleasant weather to explore available properties and find their dream homes. At the same time, sellers are benefiting from the active market, showcasing their properties to a motivated and interested audience.

Whether you’re looking for a cozy retreat in the countryside or an investment property in one of PEI’s bustling communities, there’s something for everyone in the current real estate landscape.

Wrapping Up

That concludes this week’s PEI Weekly Real Estate Update, brought to you by Keith MacLean of ReMax Charlottetown. The real estate market on Prince Edward Island remains dynamic, with a wide range of properties available and an active buying and selling environment. Stay tuned for more updates as we continue to track the latest trends and developments in the PEI real estate scene.

If you’re interested in exploring any of the listings mentioned or if you have questions about the PEI real estate market, don’t hesitate to reach out to Keith MacLean and his dedicated team at ReMax Charlottetown. They are ready to assist you in finding your perfect PEI property or guiding you through the selling process. Until next week, happy house hunting!