Prince Edward County properties have experienced strong year-over-year price appreciation in both its waterfront and non-waterfront market segments, according to the latest RE/MAX 2019 Recreational Property Report. The median price of waterfront properties currently sits at $660,000, while non-waterfront properties are priced at $450,000. There is continued strong demand for rural county properties in the region, with buyers from Toronto, Ottawa and Durham Region driving the cottage market.
Prince Edward County market conditions:
- Waterfront properties up 16% year over year
- Non-waterfront properties up 13% year over year
- Recreational market driven by buyers from Ottawa and the Greater Toronto Area
Prince Edward County has a vibrant real estate market and several new subdivisions offering a wider selection of pricing options. New waterfront condominium projects are primed to bring buyers a wider selection in the Picton harbour. Millennials are flocking to this hot spot for home-grown amenities such as Sandbanks Provincial Park, countless wineries and microbreweries, and the local food scene.