Affordability, balance of inventory to demand in Charlottetown cottage market
Charlottetown & Area, PEI
2023 RE/MAX Cottage Trends Report
• Balanced market is expected to persist in the region through 2023.
• The foreign buyers ban has decreased interest in the Charlottetown area and by extension, discouraged some potential buyers from engaging in the market.
• Interest rates have slowed secondary property sales. Buyers must be more financially secure to own a recreational property than in the past, prompting potential buyers to hold-off on their purchase.
Read the National Overview
Find an agent
$292,550
2023 (January-March)
average price
$268,000
2022 (January-March)
+9.2%
Year-Over-Year
-29%
Year-Over-Year
24 unit sales
2022 (January-March)
17 unit sales
2023 (January-March)
Sales stats
market outlook
+5%
2023 Sales Estimate
Are you in the market for a recreational property? Click here to search.
Search listings
Balanced Market