Events

Big White’s Summer season is here

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The big day is here, Big White’s Summer season starts tomorrow, June 29th. After a short shoulder season, the resort has cleaned up, geared up, and is set up for the upcoming summer season. With huge events scheduled, more biking opportunities than ever, and an entire mountain to explore while hiking it’s no wonder the summers at Big White have become a very popular summer vacation destination.

There is more than biking and hiking at the resort too. You can play a round of 9 holes at the disc golf course (which is free!), attend the Craft & Country Beer & Music Mountain Festival, or enjoy the Summer Music Series Saturdays in the Village. And that is just the beginning, you can check out all of the events here.

Along with the shoulder season usually comes a slower real estate market and this year was no exception. Although we did see multiple sales there was a noticeable drop in showings and offers. That is no surprise with the resort being closed and traffic to the much less than the busy winter season. Another reason for some the slower market is that there is always a portion of sellers who remove their listing from the MLS in order to do some updates, etc during the off season and then get ready to Re-list once the resort re-opens.

Even this past week, leading up to opening day, you can see that the market is already rising with more showings, new listings, and accepted offers.

221-5340 Big White Road | $225,000CAD
406-5030 Snowbird Way | $1,050,000

Owning a property at Big White resort is attainable for many as the price range is vast. You can get a fully renovated studio unit with income generating potential for $225,000CAD. Or if you budget allows it, a penthouse suite with two primary suites in Happy Valley for $1,050,000CAD.

Whether your real estate portfolio goal is to purchase a piece of Big White’s magic for your family to enjoy, or to firm up a deal in order to generate income and potentially grow your portfolio in the future with more investment properties – Big White Resort can accommodate your needs.

Okanagan and Big White’s Summer Real Estate Forecast

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Lately the Okanagan and Big White’s forecast has been above average temperatures and somewhat smoky skies but what does their summer real estate market forecast look like? It’s hard to use the past 3 years of statistics to help forecast this summer as they were highly unprecedented, but we do remain seeing certain trends continue. It’s no secret this is a highly desired place to live and play and the number of buyers coming from out of town and purchasing still remains relatively high. That goes for the Okanagan area as well as Big White Ski Resort.

Big White’s Summer Real Estate Forecast

At the resort we’ve seen 15 firm deals since April 1st, keeping up fairly well to the record breaking last year when the same time period had 23 deals. Since the beginning of May, 6 new properties hit the market. It is a good time to list as the mountain is preparing for its upcoming summer season and most units are vacant and easy to view for potential buyers and their agents. Seeing strong activity through the shoulder season is promising and helps us foresee into a productive and busy summer season in Big White real estate.

Big White’s opening day is scheduled for June 29th, 2023 – events are starting to pop up including Fiv’r Fridays and Bike Big White BC Cup. On June 10th we will once again put on the gloves, grab the garbage bags and volunteer our time at the Big White Community Clean-up. And, after all the hard work, there is a complimentary lunch at noon!

Okanagan’s Summer Real Estate Forecast

Homes in Kelowna are spending more time on the market than last year but still averaging just 53 days. I believe this will not waver too much and will remain under the 60 day mark for the summer. A few months ago the average home price dipped under one million, but the past few months we have seen it climbing again. April hit $1,083,027, a number I believe will keep climbing but not at an alarming rate as we saw last year.

It’s hard to choose what to do in Kelowna in the summer as there seems to be endless activities and events to take in. It’s no wonder people are drawn to this spectacular city! From Rock the Lake, to Fat Cat’s Children Festival, to Diner En Blanc Okanagan, to Apple Trilithon, there is always something to enjoy and definitely something that is sure to be a good time! Check out all of the incredible events and more here.

Exciting Times in Spring 2023

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Spring 2023 is off to an exciting start in Real Estate! Interest rates were held again and the market is strong with Kelowna beating out Victoria to be the 3rd highest rental rate in the country. Big White Ski Resort is also experiencing one of the best rental seasons to date.

With lots of exciting music events happening like the Alti-tunes Fest at Big White this past weekend and the upcoming Rock the Lake in Kelowna and the many more events that are scheduled this coming spring and summer it is sure to bring in many tourists and people looking to possibly invest in the Okanagan and area. It’s very exciting that this area is where people dream of moving to – we are so lucky to live here.

Kelowna Real Estate Recap

Kelowna’s sale numbers increased last month when comparing to the previous months. “The upwards movement in sales activity compared to the previous month is showing signs that market activity is on its way to recovering from the previous month’s slump, while still maintaining healthy market activity,” said Association of Interior Realtors past-president Lyndi Cruickshank.

This is good news for Kelowna and Big White as a healthy and balance market is beneficial for both buyers and sellers.

The benchmark price rose above 1 million in March with the average being $1,001,500 – an increase from February but a 14% decrease from March 2022. Days to sell has also risen to 55 days on average – nearly double from March 2022 which, as we know, was an unprecedented time.

Big White Ski Resort Recap

As previously mentioned, the resort is experiencing one of the best rental seasons to date. With that in mind, many potential buyers are looking to invest at Big White as the benefits can be tremendous.

March saw a total of 14 sales at the resort, a decrease from 2022’s 25 sales. Even with the lower sales count, if the property is priced right and sought after there will be a buyer looking to commit.

To end of this real estate recap on a fun note, I’ve included some some fun facts from the season at Big White Ski Resort from Michael J Ballingall:

  • Events team served up nearly 5,000 cones of cotton candy to over 7,000 eager kids on Saturday at our weekly Carnival night. Over 7,000 new heads donned the famous Big White pom-pom toque, with over 100,000 now sold around the world.
    Big White’s food and beverage team served up 35,808 pounds of french fries, 49,971 shots of espresso (2,122 pounds of beans) and 17,263 liters of hot chocolate. Snowshoe Sam’s cooked over 7,500 Smash Burgers!
  • Visitors enjoyed over 125,000 tube rides, nearly 7,500 people went for a rip at night, and our brand new POWder Card made it into the hands of over 3,000 people.
  • Our outdoor operations team parked just under 130,000 cars, and our airport shuttle transported nearly 21,000 people to and from the resort, with the largest day being Saturday, February 25 with 404 people.
  • The Kids’ Centre, back for the first season since 2020, served up over 6,000 juice boxes and 1,300 litres of hot chocolate. Nearly 400 kids were dropped off at the Tot Town Daycare, and our Ski & Board School gave out around 2,500 private lessons and over 25,000 group lessons. Our Snow Hosts conducted over 500 free on-mountain tours with over 1,200 guests.
  • This season, we saw the return of our weekly events schedule, including Carnival Night, Bingo Night and Trivia Night. We also saw the return of Big Reds – with both nights selling out – and night skiing.
  • All 873 Big White team members want to send out a huge thank you to everyone, especially our loyal season passholders and locals, who came to enjoy our Okanagan Champagne Powder! We’ll see you in a few short months for summer – opening June 29 if weather permits

If you have any questions please feel free to reach out to me here.

March Fun at Big White Ski Resort

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March is time for fun at Big White Ski Resort. With many heading to the mountain for Spring Break – the resort is bustling and full of life! Property owners and renters alike are enjoying time at the hill – and with these events its hard not to.

As for Real Estate, there are plenty of showings happening around the resort as well with more and more people interested in investing at Big White Ski Resort.

March Fun at Big White Ski Resort – events

Of course, every Saturday night, the greatest firework show in town explodes down in Happy Valley. Its the perfect chance for the family to enjoy some great fireworks, take a skate around the skating rink, slide your way down tube town, or just enjoy from a window overlooking Happy Valley. This event starts at 9pm every Saturday.

Another big hit in March is the Moose Cruz! Starting March 22-23, this scavenger hunt is like no other. Discover and engage with the mountain, solving clues, exploring terrain and of course the most important, having fun!! Find all the information you need here.

And, the highly popular AltiTunes Music Festival takes place March 31, April 1 at the resort. This highly anticipated event will rock the resort with bands like Moontricks, DJ Invizible, Meems, Shred Kelly and many more! This is a celebration with live music, outdoor activities, and of course skiing! This event is a 19+ event and tickets are selling FAST. Learn more about this event here.

Brief Real Estate Update

Along with all of the fun events happening at the resort, real estate is also busy and seems to have picked up with Spring break happening. Many buyers are looking to find a vacation home to retreat to on the weekends or during school breaks. Units have been renting quite well so far this year with many fully booked for the remainder of the season. Investing on the hill at this time is a great opportunity!

Whether you are searching for an affordable studio unit that you can lock and leave or a luxury chalet with beautiful views, the market is seeing it all. Many people are loving the buildings with amenities such as a pool, fitness room etc.. as it does set it apart from the others than do not have amenities and most do not have rental restrictions.

So far March has seen 6 firm deals, a drop compared to March last year which firm deals equaled 25. The average sale price in March 2022 was $690,128 while thus far March is sitting at an average of $509,417.

I will be on the hill all of Spring break – so give me a call or stop by my office in the Village under Snowshoe Sams. I have plenty of brochures for current listings and can answer any questions you may have about rental revenue, investing, and more! You can also start by contacting me here!

March Fun at Big White Ski Resort

Okanagan Summer is HERE!

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The day all of us in the Okanagan have been waiting for, Summer is officially HERE! With the prolonged spring weather here in the Okanagan, it’s nice to see the weather changing and bringing that beautiful Okanagan sunshine we all crave. Summer in the Okanagan is when our city thrives. Welcoming back tourists to our amazing town and seeing all of the locals get out and enjoy all of the events happening after a two year hiatus.

Live, Work, Play – Summer in the Okanagan …

The Okanagan is a sought after area to live, work and play. There’s no question why its an attractive city to purchase a home in. And with the real estate market changing, it is becoming a little more attainable than the recent months. We are seeing a shift in prices, including many price reductions on already listed properties. This however, doesn’t mean its a buyers market quite yet because the market is still favoring sellers at the moment.

The Okanagan continues to attract people to own property here. Coming from out of town, and out of province, buyers are dedicated to find their own piece of paradise here in the Okanagan. Whether that’s in Peachland, at Big White Ski Resort, or in Lake Country. That’s the thing about Kelowna and area, there is a neighbourhood for everyone and anyone. No matter your price point or requirements.

Summer is also on everyone’s mind at Big White Ski Resort. With the resort now open for the summer 2021/22 season, many are making their way up the mountain to get outdoors. Enjoy mountain biking, hiking, or check out this year’s Craft & Country Music Fest on July 16th! This year, the resort is packed with events and fun for everyone. Check it all out here.

With the shift in the market, you may be left wondering where that places you and your situation. If you are planning on selling, are you curious what the price drops mean for the value of your home? If you’re buying, are you wondering if now is the time to make an offer on that home you’ve been humming and hawing over? I am always here to answer any questions so reach out via email, phone, or contact me here.

May in the Okanagan

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It’s been a fairly cool start to May in the Okanagan but the same cannot be said for the real estate market. Although it has slightly shifted to a more level market, it still remains to be a hot spot for many home buyers. We are finding it’s not just locals who are moving up from condos and buying single family homes. There are many buyers coming from out of province, and even out of country to purchase their own piece of paradise in Kelowna. And who can blame them!? The Okanagan, Kelowna in particular is the most amazing place to live.

There are countless opportunities in the city in careers, adventures, and your real estate portfolio. This summer is shaping up to amplify all three with many events making a come back after a two year hiatus. This brings more revenue to the city and with many tourists visiting the city, real estate will remain strong.

May in the Okanagan- Real Estate Recap

Real estate in April marked a decrease in number of units sold compared to April 2021. But that’s not to say they are low. They are just lower in comparison to the record breaking 2021 we saw. We are still seeing a fairly low inventory, which we know has been driving up the home prices, but it is starting to transition to a more stable environment.

The average days to sell is still on the decrease. Single family homes are sitting on the market just 22 days on average. Condos and townhomes are also seeing big decreases in days to sell. Townhomes dropped 54% compared to last April – with an average of 19 days on market.

Lakeview Heights in West Kelowna and South East Kelowna continue to be sought after neighbourhoods. These are popular with buyers because of the spaciousness of the homes, the peaceful settings, and larger lot sizes. Other neighbourhoods that are also popular are Joe Rich and Lake Country.

From affordable fixer uppers to large commercial lots, there are plenty of sales happening in the Okanagan. Like the 11 million dollar commercial deal on Truswell that I just firmed up, and the many single family homes throughout the region. I may specialize at Big White, but I’ve been bringing my expertise to the Okanagan and expanding!

SOLD! Lake Country
SOLD! Lakeview Heights
SOLD! Joe Rich
SOLD! Lower Mission

 

 

 

 

SOLD! $11 million commercial

Summer is just around the corner here in Kelowna. I think I can speak for all of us when I say that Kelowna in the summer is unmatched. Whether you are enjoying it in your backyard pool at your home in Lower Mission, or at a beach just down from your downtown condo, its the reason most of us live here.

If you are looking to purchase a piece of Kelowna to either start, or build your real estate portfolio, I am happy to assist you along the way. Feel free to contact me here or give me a call at 778-231-0308

Gear up for Summer at Big White

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Its time to gear up for summer at Big White because the resort is opening on June 30, 2022 for its summer season! If you read my last blog post, you are aware of some pretty incredible events and experiences lined up. Like the Craft & Country Music Festival happening on July 16th. This year marks the resort’s 7th year of hosting this event that features tons of great breweries, cideries, and this year featuring music from The Heels.

There are so many more events to talk about, so lets dive into it!

Events to Gear up for Summer at Big White

The resort is still looking for ambitious volunteers for this years Community Clean Up. This is a great way to get outdoors and make sure the resort is looking impeccable for the summer months! To register or find more information just head to this link.

The Okanagan Graveller, brought to us by the team behind the iconic Okanagan Granfondo in Penticton, is a 2 day, 3 distance weekend that the resort is thrilled to host June 18-19, 2022. The Village is sure to be bustling with excitement in the beer gardens with entertainment and BBQ after the ride.

If you enjoy trail running, then the Big White Peak Challenge is perfect for you. Being held on July 10, 2022, this event is brought to us by Hoodoo Adventure Company. Two distances to choose from, including a 11km trail with 633m elevation gain or a 32km trail with 1940m elevation gain. Both of these trails will leave you in awe after trekking on dirt roads, around lakes, atop ridges, and featuring amazing mountain views.

April Real Estate Stats

April, finishing up the first quarter, was a fairly strong month for real estate at the resort. Keeping up with the previous months thus far 2022. April saw 13 sales, a 40% decrease from April 2021, but saw an average sale price increase of 32% from the previous April. The average days to sell continues to see a decrease from April of 2021 and the homes at the resort are sitting on the market an average of 45 days.

21 new listings hit the market during the month of April, and the close to list price on sold listings was 98%.

As of today, May 9th, there are 47 active listings at Big White Ski Resort. These listings range from a studio units for under 200k all the way up to multi million dollar chalets.

Feel free to reach out and contact me with any question you have about Big White, the summer season, and what’s happening in Real Estate!

Get Ready for Summer at Big White

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April 5, 2022 marked the last day of the Winter 2021/2022 season. You know what that means now? It’s time to get ready for summer at Big White!

This years summer season will start on June 30th and run until September 5th, 2022. Last summer it was incredible to see the events and amount of action we had even with restrictions were in place and we are excited this summer to pump it up to the next level because this summer is sure to be jam packed with events for the entire family. It’s very exciting to see the resort thriving and people being able to get outdoors more. Because as you know, it’s better to be outside!

Events

Big White Resort is bringing back many favorites like Craft & Country Music Festival, Freeride Days, Mountain bike boot camps and Spartan Race. You can find all the details about the resort’s summer events here.

The Annual Big White Community Clean Up takes place on June 11th, prior to opening day, to ensure the resort is in tip top shapes after all of the snow has melted. There is also a complimentary BBQ & t shirt for those who participate. Disposable gloves and garbage bags will be provided after registration which takes place at 9am in the Village. For further information click here.

New Developments

There is more than just events happening at the resort. There are multiple new developments underway. This is exciting and promising to see as more and more people are interested in buying a piece of beautiful Big White Ski Resort. Modern mountain living is coming and some pre-sales are already happening!

Monashee Ridge at Big White is mountain living at its best! Ski-in and ski-out, these single family homes boast spectacular views, modern mountain designs and low strata fees. Phase 1 has already sold out, so make sure to get your foot in the door for phase 2…coming soon!

Vita Residences at Black Forest by K West Homes are affordable smart, fully furnished studios starting at $399k. A $60M development, there will be 200 condos located just 50m from the base of the Black Forest chair lift.

Two more developments in Black Forest, Wild Wood and Blackhawk, are scheduled to commence in Fall 2022. Wild Wood will consist of 24 lots (single family or duplexes) with homes starting at $900k and Blackhawk will offer 16 townhomes.

Spyglass at Big White, luxury townhouses in Happy Valley, is currently constructing their final phase of 27 units. These townhouses are scheduled to be move-in ready for the 2022/23 ski season!

Big White Stats

April has continued to be a strong real estate market. The average sale price thus far is $850,613 – with a total of 8 properties being firmed up this month. The average days to sell since the beginning of the year is sitting at just 41 days. The same time frame last year we were seeing an average of 57 days on the market for a Big White property.

Currently there are 54 properties listed in the Big White area. There are affordable options, starting at 184k, all the way up to multi million dollar townhomes and chalets. The close price to list price is remaining high at 99.1% in April.

The summer season is exciting to watch grow because since 2017, the first summer season open, the resort has absolutely flourished with events, developments, businesses, and relationships all over the globe.

Feel free to reach out and contact me with any question you have about Big White, the summer season, and what’s happening in Real Estate!

Spring Break at Big White Ski Resort

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Spring break is just around the corner and Big White Ski Resort is going to be the place to be! Many events over the past two years were canceled due to the pandemic, but with more Covid restrictions easing, the resort has some incredible events planned for the coming weeks. It’s an exciting time on the mountain because with more events, comes more guests getting to experience the beautiful resort.

What’s Happening

  • After two years of hiatus, the Neil Edgeworth Memorial Banked Slalom is going ahead this year on March 26 and 27th.
  • The 10th annual Big White Firefighter rooftop campout is March 18-20th. The goal this year is to raise $10,000 with 100% going towards the Thrive Foundation, BC Professional Fire Fighters Burn Fund.
  • Calling all healthcare workers(IH staff): FREE lift passes and 50% off ski/board rentals on March 30th!
  • AltiTunes Music Fest featuring the Arkells is a much anticipated event at the resort this year. A great way to reconnect and have fun. 

Real Estate Recap

The more people that arrive and visit the resort and see how amazing it is, more people are interested in purchasing a slice of Big White Ski Resort for themselves. We have seen 56 sales so far in 2022, fairly on par from last year and almost doubling the sales from 2020. With over 35 million dollars worth of property being sold so far, the resort is on track for another high transactional year.

With lower inventory than average, the resort has been expanding their residential areas and many new developments are in the making. Monashee Ridge for example is a new development offering luxury finishes and awesome location that has become an extremely popular choice for buyers.

Not only are there less options on the market, currently only 44 listings, but the listings themselves are being snatched up quicker than normal. 2022 is seeing an average days of market of just 44, a decrease from 2021’s average of 55 days. Less inventory means more competition and the average sale price so far in 2022 ($626,660) shows just how popular the resort is becoming.

Don’t be worried though because there are many opportunities to purchase real estate at Big White Ski Resort for less than that. Currently the most affordable option is a studio unit in the Whitefoot Lodge and it’s listed at $139,000. However, on the flip side, if luxury is your cup of tea, the most expensive listing is $1,999,999 luxury chalet in Feathertop Estates.

With so many eventful happenings at the resort, is it time for you to join the fun? To learn more or to get started on your Big White real estate journey, contact me today!

Big White Ski Resort’s Opening Day

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Big White Ski Resort was just voted best in the province and the second-best in Canada, according to Condé Nast Traveler’s list of the top five ski resorts in Canada, part of the magazine’s 2021 Readers’ Choice Awards. So its no wonder Big White Ski Resort’s opening day is highly anticipated this year. And with November 25th approaching quickly I’m sharing the ‘need to knows’ for the 2021/22 Winter Season.

Big White Ski Resort’s Opening Day

As mentioned, November 25th is opening day for the 2021/22 season. Michael J. Ballingall, senior vice-president of Big White, said “last winter was one of their best ever for season passes”, and this year seems to be proving the same outcome with strong season pass sales already. Early bird season passes are still available until October 17th (you can buy them here) and, because they are the #2 ski resort is Canada, the resort is on everyone’s radar.

Snow has already started to dust the resort and the entire Village is working hard to welcome everyone on opening day.

What’s New

As with every new season, comes new activities, protocols, and options at Big White. Along with more parking locations, outdoor washrooms, and touchless faucets, the resort has gained a Squawk Box. What’s a Squawk Box you ask? It’s the newest, online food delivery service where chicken is the main event!

Following suit with other major Canadian ski resorts,  Michael J. Ballingall recently announced they are implementing mandatory vaccines for all employees of the resort. He said the goal is to get people to come out, work, play and live in the mountains for the lifestyle experience. And if being safe by being double vaccinated is a part of it then we’re happy to do it.

Real Estate Market

With strong indications of a fantastic season at the resort, real estate on the mountain has remained strong and continues to break expectations. Year to date on today October 15th, the resort has seen 198 sales, a 32% increase from the same time period in 2020 which we know was a hot market as well.

However, with an increase of sales, usually comes a decrease of inventory. Comparing this October to October 2020 we have 49% less inventory at the resort. So what does that mean? Sellers are getting top dollar for their properties and buyers are jumping in now before the prices increase even further. Year to date, over 99 million dollars in sales has occurred at Big White Ski Resort, a 30 million dollar leap from year to date 2020.

More and more people are exploring this gem and falling in love with everything it has to offer. Big White Ski Resort is a fantastic family fun place to enjoy and explore the outdoors. Just 45 minutes from Kelowna, this mountain paradise is truly one of a kind. As always I’m happy to answer any questions you have and you can contact me here or pop into my office in the Village under Snowshoe Sam’s!

LIVE WHERE YOU PLAY

Joan Wolf

Cell 778-231-0308 
[email protected]

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