Prices & sales expected to warm up in local cottage market
prince edward county, Ontario
2023 RE/MAX Cottage Trends Report
•Average recreational property prices and sales are each expected to increase 2% in 2023.
•The local recreational market is strong, however inventory is low. More listings are expected to come on stream with the onset of the spring market, which typically starts in April.
•With approximately 900,000 Baby Boomers expected to retire within the next three years, activity from this market segment is likely to increase. Furthermore, with approximately $1 trillion expected to transfer from Baby Boomers to succeeding generations in the coming years, recreational property demand should rise, alongside other residential properties. Lack of supply could put upward pressure on prices.
Read the National Overview
Find an agent
$1,373,069
2023 (January-March)
average price
$1,175,416
2022 (January-March)
+17%
Year-Over-Year
-32%
Year-Over-Year
22 unit sales
2022 (January-March)
15 unit sales
2023 (January-March)
Sales stats
market outlook
+2%
2023 Sales Estimate
+2%
2023 Price Estimate
+17%
Year-Over-Year
$1,175,416
2022 (January-March)
$1,373,069
2023 (January-March)
Average price
Are you in the market for a recreational property? Click here to search.
Search listings
Balanced Market
Balanced Market