Fewer people bought waterfront in Prince Edward County this fall, but the ones who did paid close to what sellers were asking. From August through October, 20 waterfront homes sold in the County, down from 33 over the same three months in 2025. The median price barely moved. Vacant land held steady on almost every measure.
These numbers come from my own search of the MLS® System for every waterfront home and vacant lot that sold in Prince Edward County between August 1 and October 31, in 2026 and again in 2025. I use medians rather than averages, so one big sale doesn't skew the picture. With this few sales, each one matters, so I've described what sold rather than leaning on a single number.
Waterfront
PEC Waterfront: Fewer Buyers, Prices Holding
Twenty waterfront homes sold between August and October, against 33 a year earlier. That's 39% fewer sales. Prices held up, though. The median came in at $950,000, about 3% below last year's $980,000, and homes sold for 95% of their final asking price in both years.
| Aug to Oct | 2026 | 2025 | Change |
|---|---|---|---|
| Waterfront homes sold | 20 | 33 | ↓ 39% |
| Median sale price | $950K | $980K | ↓ 3% |
| % of final asking | 95% | 95% | No change |
| Median days on market* | 78 | n/a | |
| Sold under $600K | 5 | 6 | |
| Sold $600K to $1M | 6 | 11 | |
| Sold $1M and up | 9 | 16 |
The drop in sales wasn't even across price ranges. Homes under $600,000 held about level, five sales against six. The middle and the top of the market thinned out more: six sales between $600,000 and $1 million (11 last year) and nine at $1 million and up (16 last year).
The range was wide, from a three-season cottage on Consecon Lake at $270,000 to $3.55 million on Lake Ontario. Price decided how long a home waited. Three sold within about two weeks. Seven took 100 days or more. Five had their price reduced before they sold, and the longest wait, on Picton Bay, sold after 395 days for $1,090,000 against a first asking price of $1,499,000.
"There are fewer waterfront buyers out there right now, but the ones who are buying are still paying close to asking. Waterfront that's priced for today's market still sells, and sells fast. Waterfront priced for 2022 waits."
If you're weighing different kinds of shoreline, my guide to buying waterfront in PEC covers what the listing won't tell you, and you can see current listings on my Prince Edward County waterfront page.
Vacant Land
Vacant Land in PEC: Steady Year Over Year
Seven vacant lots sold between August and October, the same number as last year, at a median of $215,000 against $220,000 a year ago. Land still negotiates harder than homes. The median sale came in at 88% of asking, the same as last fall, against 95% for waterfront homes.
| Aug to Oct | 2026 | 2025 | Change |
|---|---|---|---|
| Vacant lots sold | 7 | 7 | No change |
| Median sale price | $215K | $220K | ↓ 2% |
| % of asking | 88% | 88% | No change |
| Median days on market* | 91 | n/a |
Inland building lots sold between $215,000 (14 acres in Sophiasburgh, about five of them protected wetland) and $260,000 (2.7 acres in South Marysburgh with the well, entrance and survey already done). On the water, a Smith's Bay lot with a bunkie sold for $289,500 and a 0.7-acre Picton Bay lot sold for $749,900. A 3.9-acre lot with right-of-way access to the Bay of Quinte sold for $150,000, just 75% of its asking price.
Two of the seven can't be built on at all, a wooded lot zoned for environmental protection and a recreational lot with a grandfathered bunkie. They sold for $9,000 and $74,000. Zoning matters more than acreage, which is why it's the first thing I check. My guide to buying vacant land in PEC walks through zoning, wells, septic, hydro and road access.
"With land, the work already done is what buyers pay for. A drilled well, a survey and a building envelope narrow the gap between asking and selling."
For Buyers
What This Means If You're Buying
- You have more time and more choice than a year ago. Use it for inspections, shoreline questions and septic checks.
- Don't expect a big discount on well-priced homes. Sellers who priced right got 95% of asking this fall.
- The room to negotiate is on listings that have been sitting. Anything well past 100 days is worth a closer look.
- For land, budget for what isn't there yet. A lot with the well and survey done costs more up front and removes a lot of risk.
- Rates went up on October 28. If you're pre-approved, refresh it before you write an offer.
For Sellers
What This Means If You're Selling
- Price for today's market from day one. The homes that sold in two weeks were priced right at the start.
- Overpricing costs you time and money. Five waterfront sellers cut their price this fall, and the longest wait ended well below the first asking price.
- Fewer buyers means each one counts. Good photos, clear information about the shoreline, well and septic, and a realistic price get you the showings.
- Selling land? A survey, a well record and a confirmed entrance are what buyers pay for.
If you'd like to know where your property fits, I'm happy to run the numbers for you. You can also read the monthly numbers for the whole County on my market update page.
Frequently Asked Questions
Not by much. The median waterfront sale from August to October 2026 was $950,000, about 3% below $980,000 for the same months in 2025, and homes sold for 95% of their final asking price in both years. What dropped was the number of sales: 20 this fall against 33 last fall.
The median was 78 days on market this fall, counting any time before a listing was taken down and relaunched. The spread is wide. Three waterfront homes sold within about two weeks, and seven took 100 days or more, usually the ones that started out priced too high.
Seven vacant lots sold from August to October 2026, at a median of $215,000. Inland building lots sold between $215,000 and $260,000, two waterfront lots sold for $289,500 and $749,900, and two lots that can't be built on sold for far less. Zoning and servicing drive the price more than acreage.
The median land sale this fall came in at 88% of asking, the same as last fall. Lots with the well, survey and entrance already done sold closest to asking. Bare lots and lots with complications sold at 75% to 86%.
It depends on your timeline. With fewer buyers out there, you have more choice and more time to do your homework. Sellers who priced well are still getting close to asking, though, so the room to negotiate is mostly on listings that have been sitting for a while.
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Sources & Method
- PropTx MLS® System: residential waterfront and vacant land sales in Prince Edward County, sold August 1 to October 31, 2026 and 2025. Search by Jake Bergeron, November 5, 2026. Park-model and land-lease cottages excluded.
- Bank of Canada, policy rate decision, October 28, 2026.
Medians, not averages. "% of asking" is measured against the final list price. Days on market are cumulative, including time before a relist. Small samples: each sale moves the numbers, so treat them as a guide, not a forecast.