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The Illusion of High Real Estate Selling Prices in PEI

Is there really Million Dollar Plus Homes selling in PEI?

Do you really think that Million Dollar Houses and Waterfront Properties are selling in Prince Edward Island?

The most expensive home for sale in Canada.

Here are the real statistics as of April 23, 2016 compiled from PEI MLS Sales data.

3 Bedroom plus homes sold from April 1, 2013 until today.

Includes the entire Island including Charlottetown and Stratford where most of these sales are happening.

PRICE RANGE SALES (HOUSES) PER YEAR
$300,000-399,999 391 130
$400,000-499,999 99 33
$500,000-599,999 23 8
$600,000-699,999 17 6
$700,000-799,999 6 2
$800,000-899,999 3 1
$900,000-999,999 1 1 every 3 years
$1,000,000-1,499,999. 3 1
$1,500,000+ NONE! NEVER!

 

Waterfront Recreational Properties – 3 bedrooms plus.

Includes the entire Island but just “recreational” properties that are waterfront.  This does not include cottages and recreational properties marked as year round homes.

PRICE RANGE SALES (HOUSES) PER YEAR
$300,000-399,999 8 2.7
$400,000-499,999 NONE!
$500,000-599,999 NONE!
$600,000-699,999 NONE!
$700,000-799,999 NONE!
$800,000-899,999 NONE!
$900,000-999,999 NONE!
$1,000,000-1,499,999. NONE!
$1,500,000+ NONE!

 

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