Prince Edward County Properties See Strong Price Growth

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 at a glance

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.

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By Lydia McNutt|2019-12-18T21:58:16-05:00July 23rd, 2019|Market Trends, News|Comments Off

PR & Content Manager RE/MAX INTEGRA, Ontario-Atlantic Canada

Lydia McNutt is an award-winning writer and editor, who’s interest in real estate, creative flair and love of the written word have brought her to RE/MAX. As Manager of Public Relations and Content at RE/MAX, Lydia is responsible for the creation and curation of content that informs homebuyers and sellers, and empowers them on their journey. Lydia executes on RE/MAX's public relations, communications and social media strategies, which includes developing reports, featured content and the consumer-facing blog at remax.ca. Lydia has been published nationally, on topics ranging from real estate, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is blissfully “momming it up” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at lmcnutt@remaxintegra.com.