Waterfront land prices

I was recently asked about the price of waterfront land in Prince Edward so I dug out a pricing study which I had done for a client in May 2014 for some guidance. The data covered the period January 2011 through April 2014, so they obviously need to be updated but nevertheless provide some direction.

Waterfront Vacant Lots.jpg

Not surprisingly, the price per acre is higher for smaller lots and declines as acreage gets larger. (Incidentally, I wouldn’t count on the $30,000 median price per acre for parcels 2 to 10 acres.)