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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 December 31st, 2018, compiled from PEI MLS Sales data.

Three Bedroom plus homes sold in 2016, 2017 and 2018.

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

PRICE RANGE SALES (HOUSES) PER YEAR (ROUNDED)
$300,000-399,999 560 187
$400,000-499,999 184 61
$500,000-599,999 64 21
$600,000-699,999 35 12
$700,000-799,999 19 6
$800,000-899,999 8 3
$900,000-999,999 5 2
$1,000,000-1,499,999. 5 2
$1,500,000+ 3 1

 

Waterfront Recreational Properties – three 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 2.66
$400,000-499,999 2 0.66
$500,000-599,999 1 0.33
$600,000-699,999 NONE!  
$700,000-799,999 1 0.33
$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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