Demand for PEI real estate and particularly Ocean and River properties has been on a steady increase over the past 5 years. The increase in demand was accompanied by a steady increase in price. The Mid Island locations of Anne's Land and Charlotte Shore are still more popular and more costly than West Prince or the Kings County areas although the gap is closing.
Even though the prices of waterfront and waterview properties have increased over the past 5 years, many off Islanders have stated that our pricing is still substantially lower then any other place on the Eastern Seaboard. Moreover, many are discovering that PEI offers 6 solid months of enjoyable weather and is a perfect place to hang your hat during the months of May until October.
This offsets the snowbirds journeys very well. Migrating south in winter and returning to enjoy spring, summer and the colors of fall available on the Island. Add to this quality developments like Sunset Dunes, and Sunbury Cove which satisfy buyers need for safe & enjoyable investments - buying land in PEI has been made simple. World events have led some to look towards PEI as a alternative haven for self and family. The fairly docile weather enjoyed by Islanders, sheltered from hurricanes, floods, wild fires, and any number of nature’s furies has attracted others. Golfers have come to know the Island as Canada's #1 Golf Destination. The natural beauty of Prince Edward Island has attracted more than a few others to want to spend as much time as possible here. PEI's lifestyle is often described as unhurried and uneventful, characteristics that are very sought after by most involved in a tense, hurry up world that waits as soon as you cross the bridge back or take the ferry away from us.
As eluded to above, availability of Mid Island locations had become a little harder to find but this year has proven to be an exception. Higher prices have allowed us to list many more properties in these areas than over the previous years. However, as the quantities dwindle, you should expect prices to rise again.
West Prince is a new area that is slowly being discovered by non Islanders. This area appeals to those not looking for subdivision lifestyles. A little more secluded or remote but not difficult to access, this area has not seen as much tourist development or cottage industry, hence it is still possible to find a couple of private acres right on the ocean. Prices tend to be somewhat less and availability is reasonably good at this time. Oceanfront lots in PEI can be acquired for around $100,000 while PEI riverfront property can still be found in the $50,000 range and up.
Not every PEI real estate offering is equal in quality or more accurately offers the same services! Now lets qualify this before we go further. For some, the developments offer guaranteed standards and services that are a priority in terms of buying. For others, community living is exactly what they don't want! Privacy, tranquility, nothing in sight but the ocean, is what will cause one to buy. So inequality only assures that everyone will find what they are looking for.
Quality then in the sense of PEI real estate is relative to services offered. Quality can also of course be a matter of other characteristics, like building suitability, panorama being offered, slope of land, cleared, covered or a combination of all of the above. Girls know it's best to think pink
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