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.
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.
You can leave with more than just memories as the shops are open for retail shopping and the restaurants will be open to fill your stomach. Check out all the summer information 
There were 22 deals completed in April of this year, with over $13 million in sales. When comparing that to the 1 deal in last April, I would say this year, properties at Big White are sought after. Additionally, last years average days to sell last at 101 days while year to date, this years days to sell is 58.
People are flocking to the resort to purchase vacation rentals for themselves and their families as well as purchasing investment homes to provide revenue. There are many options for whatever you are looking for in your Big White Ski Resort property. Whether it’s a lot for building your dream chalet, a commercial investment up to $10 million, a studio or anything in between.
Plans include doubling the amount of chair lifts, almost tripling the skiing terrain, and expanding mountain biking trails. Additionally the resort plans to add golfing, zip-lining, more equestrian adventures, and cat skiing. Winter camping and health/wellness facilities are proposed. Of course, with more terrain and activities that means additional parking, accommodations and amenities. The current bed units at the resort is approx. 10,533, and if the proposed 2020 Master Plan stays on track, the resort will see 20,600.
The resort made many necessary changes in order to adhere to the new government guidelines. Such as being a no cash resort, adding sanitizing stations throughout, and capacity control. The mandatory face covering rule is being enforced along with maintaining social distancing guidelines. The resort strives to ensure visitors and residents alike are safe and have done a great job in doing so. Check out all of the resort’s new procedures and protocols 
Real Estate Market
Recycling! Residents and visitors the resort can now drop off their refundable beverage containers at the region’s first Return-It Express & GO recycling station. This new service was a direct response to the needs of residents and visitors on the mountain. Located at 4500 Big White Rd., the new facility makes recycling easier by allowing drop off pre-bagged beverage containers without sorting them. Another cool feature of this amenity is the fact it is solar powered and housed in a repurposed shipping container. For further information check out this 
September was a huge month for real estate in the Okanagan and Big White is no exception. With an 80% increase in sales from September last year we saw 36 deals this September with an average sale price of $436,271. Prices as low as $86,500 and as high as $3,200,000 mean there is something for everyone and every price point. Check out some 
These changes are put in place so everyone can enjoy everything Big White has to offer. From skiing, ice skating, snowshoeing, and more, there is an outdoor activity for all. To stay in the know, visit 
Rentals at the resort also will be operating a bit differently this year. Provincial health officer Dr. Bonnie Henry said the limits will be based on the size of the rental, but did not provide specific numbers or say when the order will go into effect. She said health authorities are working with the industry to determine those details. (source: 
