Island Real Estate 2020/2021
 

Would anyone have reliable information on how much island properties have appreciated over the past two years?

I realize it is not the same as mainland and depends of course on location and condition etc.

Wonder if that info is out there without having to contact a realtor and have them breathing down your neck to sell!

Thanks for any help!

Only a guess so I have no idea as to the accuracy, but I would say 15% to 25%.

I'm sure others will chime in with their guesstimates.

Getting there?
 

Owning an island property pretty much means owning or having guaranteed access to a mainland boat dock. Note the stories here about long term customers losing their slip at various marinas. When you can find one, a condo boat slip price has about doubled in the last two years. Same with renting a slip, again, if you can find one. Valet may have held the line a little better, but not much. Boat slips are selling within a day or two of listing, with multiple offers.

I'd say 20-25% is a pretty good average. Like anything property related it all comes down to location and quality of the lot, neighborhood and waterfront.

Inventory has been real low and demand very high so that continues to drive prices northbound.

What also is helping drive prices is many older camps are being renovated or replaced with something new.