AVAILABILITY
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 then over the previous years. However, as the quantities dwindle, you should expect prices to rise again. Anne's & Charlotte's areas are prime tourist country with multiple attraction sandwich between the Islands two cities. More cottage communities are also found here. Demand and prices are at there highest and you can expect to pay in excess of $150,000 for an ocean front property. River front properties are now above $100,000 (this is a generalization of course).
West Prince is a new area that is slowly being discovered by non Islanders. This area appeals to those not looking for Sub Divisions lifestyles. A little more secluded or remote but not difficult to access, this area has not seen as much tourist development or cottage industries. 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 can be acquired for around $100,000 while river front property can still be found in the $50,000 range and up.
The Eastern portion of PEI (east of Charlottetown) is a cross between the busy tourist sector of the middle and the more rustic features of the Western part. This relatively flat, open landscape still offers magnificent ocean or river properties. The extreme Eastern part around the towns of Montague and Souris have some really nice vistas and quality tourist sites including very challenging golf courses. Prices here are very quickly
equalling to range of prices found in the middle of the island.
As an aside, the best time to buy land on PEI is now! Not only before more price increase occur but with the fall arriving, many vendors are looking for a quick sale to off load their property before winter...talk to your agent now...how's that for a plug!?
QUALITY
Not every offering is equal in quality or more accurately offer 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. But for others, community living is exactly what they don't want! Privacy, tranquility, nothing in site but the ocean is what will cause one to buy. So inequality only assures that everyone will find what they are looking for.
However you should not expect to pay the same price for an un-serviced piece of land as oppose to one which has well, septic, buried electrical, paved roads and covenants in place.
The Island has both and everything in between. From parcels that once purchased, you can build on with out further delays, to a piece of land that you will need to have perc tested, well and septic installed, electricity brought to, and you will always access via a red dirt road.
Sunbury Cove, Granville on the Water, and Sunset Dunes are glittering example of successful developments were most if not all amenities are in place and you are ready to build the moment you purchase. Other sub divisions in our inventory offer varying degrees of these service. Of note is Haven S/D in Stanley Bridge, this newer development is poised to become one of the classic mid island development.
Alternatively, single plots of various sizes are available generally with only the severed land as the object of the contract. We have these is sub divisions as well but they are more characteristic of individual plots being sold off. Less readily available services but fewer rules and regulations in that they are not usually accompanied by covenants.
Quality then in this sense 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. None of these being outright good or bad, but rather dependant on the purchasers desires. However, in general terms the more the services the higher the price because septic, roads, buried electrical and other such services cannot be implemented without cost to the developer.
