Disclaimer: The following blog post provides a summary of real estate transactions in Prince Edward Island (PEI) for the past week. The data has been sourced from Realtor Keith MacLean at ReMax Charlottetown and reflects the market conditions during that specific period.
The PEI real estate market continues to buzz with activity as buyers and sellers make their moves in this picturesque Canadian province. From charming cottages by the shore to spacious family homes, the diverse range of properties available on the island attracts a wide range of buyers. In this blog post, we’ll delve into last week’s real estate transactions and explore the different property types and communities involved.
Properties Sold in the Past Week:
- Vacant Land in Little Pond (Eastern PEI): A vacant lot in the tranquil community of Little Pond was sold for $30,000. The area’s natural beauty and peaceful surroundings make it an attractive location for those seeking a serene getaway.
- Vacant Land in Charlottetown (Charlottetown): Another vacant lot, this time in Charlottetown, the capital city of PEI, was sold for $87,500. Charlottetown’s historical charm and vibrant culture make it an appealing choice for buyers.
- Acreage in Alexandra (Stratford): A larger property, an acreage in Alexandra, Stratford, was sold for $350,000. Stratford’s proximity to Charlottetown and its scenic landscapes make it a popular choice for those seeking more space and privacy.
- Single Family Home in Charlottetown (Charlottetown): A single-family home in Charlottetown was sold for $419,000. Charlottetown’s mix of urban amenities and small-town charm appeals to a wide range of homebuyers.
- Single Family Home in West Royalty (Charlottetown): Another single-family home in the West Royalty area of Charlottetown was sold for $434,900, showcasing the demand for properties in this neighborhood.
- Cottage/Rec. Property in Savage Harbour (Eastern PEI): A cottage or recreational property in Savage Harbour was sold for $359,000. Eastern PEI’s coastal communities are sought after by those looking for a peaceful retreat by the water.
- Single Family Home in Cornwall (Cornwall): A single-family home in Cornwall was sold for $548,000, highlighting the appeal of this picturesque town.
- Condominium in Cornwall (Cornwall): A condominium in Cornwall was sold for $384,900, indicating the demand for low-maintenance living in the area.
- Single Family Home in Stratford (Stratford): A single-family home in Stratford was sold for $429,000. Stratford’s family-friendly atmosphere and amenities make it a popular choice for buyers.
- Acreage in Pembroke (Eastern PEI): An acreage property in Pembroke was sold for $79,000. The rural charm and open spaces of Eastern PEI continue to attract buyers.
- Acreage in Green Meadows (Eastern PEI): Another acreage property in Green Meadows was sold for $49,900, showcasing the variety of options available in Eastern PEI.
- Condominium in West Royalty (Charlottetown): A condominium in the West Royalty area of Charlottetown was sold for $422,500, emphasizing the interest in multi-unit living in the region.
- Single Family Home in Montague (Eastern PEI): A single-family home in Montague was sold for $287,000, highlighting the demand for properties in this picturesque town.
- Single Family Home in Mermaid (Eastern PEI): A single-family home in Mermaid was sold for $349,900, showcasing the affordability and appeal of homes in Eastern PEI.
- Single Family Home in Johnstons River (Eastern PEI): A single-family home in Johnstons River was sold for $269,000, underlining the interest in Eastern PEI’s more rural communities.
- Duplex in Charlottetown (Charlottetown): A duplex in Charlottetown was sold for $350,000, demonstrating the demand for investment opportunities in the city.
- Vacant Land in Charlottetown (Charlottetown): Another vacant lot in Charlottetown was sold for $72,500, indicating the ongoing interest in land development.
- Single Family Home in Rollo Bay (Eastern PEI): A single-family home in Rollo Bay was sold for $349,000, showcasing the appeal of properties on the eastern side of the island.
Active Listings and Listing Status Changes:
Apart from the properties that were sold, there are numerous active listings on the market, along with changes in the listing status. Some properties were withdrawn, cancelled, or expired, reflecting the dynamic nature of the real estate market. Let’s take a closer look at some of these listings:
- Active Vacant Lots: Eastern PEI boasts a variety of active vacant lots, ranging from $20,000 to $149,999. These properties offer potential buyers a chance to build their dream homes or cottages in idyllic locations.
- Active Acreage Properties: The active acreage properties on the market range from $49,500 to $199,900. These expansive properties provide ample space for those seeking privacy and the opportunity for farming or other agricultural pursuits.
- Active Mobile/Mini Homes: Active mobile/mini homes are available in Eastern PEI and Charlottetown, with prices ranging from $99,000 to $269,000, providing affordable housing options.
- Active Condominiums: For those seeking low-maintenance living, active condominiums are available in Charlottetown and Stratford, with prices ranging from $215,000 to $619,000.
- Active Duplexes and Fourplexes: Active duplexes and fourplexes are listed in Charlottetown and Montague, with prices ranging from $319,900 to $770,000. These multi-unit properties offer investment opportunities for potential buyers.
- Active Single-Family Homes: A range of active single-family homes can be found in various communities, including Charlottetown, Stratford, and Eastern PEI, with prices starting at $175,000 and going up to $999,900.
- Active Commercial and Farm Properties: Active commercial properties are available in Cardigan, Souris, and Charlottetown, offering potential business opportunities. Additionally, a farm property is listed in Eastern PEI, providing agricultural prospects.
- Listing Status Changes: Some properties had conditional sales, while others were withdrawn, cancelled, or expired. These changes in listing status highlight the ongoing negotiations and evolving market conditions in the PEI real estate market.
Conclusion:
The past week’s real estate transactions in Prince Edward Island show that the market remains vibrant and attractive to both local and out-of-province buyers. From affordable vacant lots and mobile/mini homes to luxurious single-family homes and investment opportunities in multi-unit properties, PEI offers a diverse range of properties to cater to various needs and preferences.
As always, potential buyers and sellers are encouraged to seek the expertise of a local real estate professional, such as Realtor Keith MacLean at ReMax Charlottetown, to navigate the market with confidence and make informed decisions.
(Please note that the data presented in this blog post is specific to the past week’s transactions and may not reflect the current market conditions. For up-to-date information, it is recommended to consult with a local real estate expert.)