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Big White Real Estate Market Update & More!

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Let’s dive into Big White Real Estate Market Update & More! Although snow has postponed the Summer opening day at Big White Ski Resort this year the Real Estate market remains strong coming into the summer months. With the resort now opening on July 10th, many are eager to get outside and explore the mountain.

Many are investing in the local real estate market for vacation and investment properties. Big White Ski Resort has been a popular choice among those looking to purchase because of its incredible investment opportunities. Big White Ski Resort offers a variety of rental and vacation options whether you want a turn-key condo in the rental pool, or a larger single family home for those family getaways.

Real Estate Snapshot

We’ve seen thirty new listings hit the market since the beginning of May and nine properties have changed ownership including one for $950k.

With the help of virtual tours and other online marketing tools, out of country buyers are still able to complete transaction without stepping foot in the property. Real Estate agents have been working hard to ensure buyers and sellers are still able to carry out their Big White Ski Resort property dreams. Whether your budget is 100k or 1M, there is a Big White property that will suit your needs!

Big White Ski Resort Updates

Near the end of May, the resort announced a 20% rebate on the 2020/2021 season pass for people renewing their 2019/2020 pass because of the early closure. Early big passes are available now, click here.

At Big White, we believe it is better to be outside. With that in mind, the resort has implemented new protocols and procedures to ensure we are safe all while still being able to enjoy the outdoors. New touchless systems are now in place, additional outdoor washrooms are just a few of changes at the resort. Check out all their new procedures here!

School is now out and families are looking for local activities and Big White Ski Resort offers something for everyone. Come visit me at my office in the Village, right under Snowshoe Sams. I’d be happy to chat real estate and all things Big White Ski Resort!

To get in touch with me today, click here to contact me!

Big White Resort Opening For The Summer

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Mark your calendars – Big White Ski Resort has set an opening date for their Summer season!  June 26, 2020 (tentatively) is the much anticipated day that Big White will reopen. Hiking and state of the art biking trails have become huge attractions for the resort and this reopening day is much anticiapted by both tourists and locals.

Since March 16, 2020 COVID-19 has closed the resort down and despite the mountain being closed, the Real Estate market has remained strong and transactions are still happening. There are very serious buyers out there looking to purchase their dream Big White Ski Resort property.

Big White Ski Resort Summer Opening – What To Expect

You will see some changes at the resort with new guidelines set by health experts. The Village Centre Mall will remain closed to ensure the safety of their guests and residents. For more information on changes and FAQ click here. Accordingly, the Real Estate industry is also evolving as necessary to adhere to government protocols.

Now more than ever, buyers and sellers alike are committed to the process and serious about their transaction. Interested parties from all over the world are relying heavily on technology and online tools. Virtual tours and social media are being used to make decisions about their Big White property.

With the snow melting, slowly (and fingers crossed in time for opening day) many are anxiously awaiting to enjoy the many beautiful areas Big White Ski Resort offers during their Summer season.

Keep up to date on all Big White Ski Resort announcements here. Or feel free to reach out and contact me with any questions about the upcoming season and how Real Estate is being affected. My office is right in the village and I would love to see you; stop by for a coffee and we will make your Big White real estate goals a reality!

Big White Real Estate Market Update February 2020

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Big White Real Estate market update for February shows the rush of the New Year went well into February as we are seeing many new listings popping up and an increase in sales over the same time last year. With new developments and amenities surfacing on the mountain, the demand for a Big White Ski Resort property is high.

Big White Real Estate Market Update

In January and February of this year, we saw 60 new listings hit the market, 30 in January and 30 in February. Comparing it to 54 last year it’s not a drastic leap, but the sales are considerably higher with 30 total sales this year so far. 2019 saw 20 in the first two months.

Also seeing an increase this month over last year in February is the average sale price. 2020’s average sale price in February was $468,850, up from last year, but down slightly from January 2020 which was $501,588. There have been 30 sales so far in 2020, 13 of them being in February. The increase in activity on the mountain confirms that sellers and buyers alike are ready to make moves.

If you are ready to list your Big White Ski Resort property now may be the best time to ensure your property has high profit potential. However, if you are looking to buy, the market is showing us that these listings are hot commodities and don’t last long. Contact me today!

LIVE WHERE YOU PLAY!

Big White Real Estate Market Update January 2020

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January was a busy month of real estate at Big White Ski Resort. The new year started with a rush of people from all over the world travelling to Big White Ski Resort to view properties for both vacation homes and investment purposes. Here is a little update on the Big White Real Estate market from January.

Lets look at the numbers

The number of sales this January increased by 54.5% from January of last year. The number of active listings however, are fairly similar with January 2020 having 114 and January 2019 have 110. The average sale price is up from last year as well! 2020’s average sale price in January was an impressive $501,588. January of last year saw an average of $342,535.

The Big White Real Estate market shows consistent growth and increasing value year after year. For example, if you invested in Big White January of 2016, the average sale price was just 260,975!

With 30 new listings coming to market in January, there is a piece of Big White for everyone. From studio apartments, to million dollar luxury chalets, the numbers show that now is a great time to get into the Big White Real Estate market.

Are you interested in investing on the hill? Or are you looking for that perfect family ski home? Big White has it all. Contact me with any questions or if you’d like to start your search today!

LIVE WHERE YOU PLAY

A Look Back at Big White’s Real Estate in 2019

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2019 has come and gone and what a groundbreaking year it was for real estate at Big White Ski Resort. There were many investors and families from all over the world visit the mountain to look and purchase their own piece of paradise at beautiful Big White Ski Resort. Let’s take a look back at what happened in 2019.

A Look Back

This past year we saw over 67 million dollars in sales stemming from 148 overall deals. The highest sale price in 2019 was the sale of White Spirit Lodge, the one of a kind chalet built by The Timber Kings, which sold for the price of $3,990,000 CAD. On the flip side, the lowest sale price was $86,000 CAD for a studio apartment located in the Village. The average sale price in 2019 at Big White was $449,766 CAD. That number is a 27% increase from last years average sale price!!

A variety of dwellings were purchased, from land, single family chalets, studio apartments, great townhomes and even commercial spaces. Whether it was for investment purposes or a family vacation getaway, there is always great availability at Big White. Click here for current Big White Listings

There were new developments and buildings being constructed all over the mountain. Fabulous multi-units and expansions of existing areas made developers and investors alike be more drawn to building and developing at Big White.

2020 Vision

2020 has already been a flurry of showings, offers, and deals and we are only a few days into the year. My prediction is that the Big White real estate market continues to climb and more and more people will invest in Big White. 2020 can be your year to invest at Big White Ski Resort. If you have any questions or want to start your search, please contact me or pop by my office in the Village right under Snowshoe Sams. See you on the slopes in that champagne powder!

LIVE WHERE YOU PLAY

 

Revamp Remodel Renovate

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We’re now in full swing and right before the New Year, this is one of my favorite times of the year! Shimmering snow on the mountains and the twinkling lights in the village, Big White is a wonderful place to be.

Whether you’re thinking about building from scratch see my previous entry or if you already have a property there are lots of options to make it modern. Perhaps you’ve found a property you really like but there are just a few things you want to upgrade. Renovations are a great way to keep your place current and increase its market value. Even if you have a slight fixer-upper don’t be discourage to sell, this might be the perfect project for someone else. You don’t have to break your budget either since you can start and finish at your own pace.

Consider A Few Things

  • A fresh coat of paint is a simple way to change the look and feel of a space and you can hire professionals or DIY.
  • Kitchens and bathrooms are good places to start whether you’re a buyer or a seller most people take notice of these areas. You don’t necessarily need to do major renovations either since small improvements help, consider changing sinks, countertops, appliances and hardware.
  • Floors are another way you can easily transform a space. Think about replacing broken tiles, hardwood panels, or removing old carpet.
  • Window coverings are another way you can redesign a space.
  • If your property is on the smaller side think about sprucing up outdoor areas to add more inviting spaces into the mix.

Depending on the project you are planning you might need a permit so be sure to find out more from your regional district or municipality. There are lots of home improvement magazines, TV shows and websites that can help you decide on the perfect designer look for you. Our friends at Weninger Construction can also help navigate your renovations needs.

 

Build at Big White

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You can feel the excitement as 41 runs are now open and it’s just the beginning of the season! At 7595 ft Big White is one of the highest ranges in the Okanagan Highlands. Maybe this is one of the secrets to the Champagne Powder? For that reason and many others, we are the second largest ski resort in BC and continue to grow each year. Nestled in between the Monashee Mountains and the Okanagan Valley, this makes panoramic mountain views a reality. Our listings showcase a variety of price points making this a viable market for buyers and sellers. 

With The Crescendo winning ‘Best Chalet’ at the World’s Ski Awards in Austria, Big White is getting recognized for its design and innovation. This definitely helps attract people from around the globe I gotta say, this ski resort continues to impress me! Imagine what you could do with your own custom build. Perhaps you’re thinking about a chalet or an investment property. Work with a team that has experience in designing and building on the mountain for over 30 years. The expertise of Weninger Construction can help you execute your dreams, take a look as they construct Black Forest Lodge.

As a result of the unique climate and terrain, you’ll want to consider durable materials like stone, wood, acrylic stucco or treated concrete. In addition, the mountain is home to sensitive plant life so you’ll need to strategize how to be of minimal impact on the environment. Keep in mind growing season is short so you’ll want to get plants that will thrive in those months. The mountain is also getting a 800K sewer upgrade. In case you have further questions about the development process application which needs to be obtained before a builders permit click here.  Keep in mind Big White falls under the Kootney Boundry regional district zoning which allows for residential, high-density mixed residential\commercial, recreational, industrial, light industrial, and institutional & community facilities.

Check out these lots for some of the best locations to build in Feathertop. Feathertop is one of the most exclusive neighborhoods on the hill with access to Bullet Chair and Black Forest Chair. The alpine terrain is getting developed past here which makes this an ideal location to build your luxury chalet.

 

 

 

Big White Real Estate Update – October

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With around 20 days left until Big White Ski Resort opens for the Winter 2019/20 season, the Village is starting to get busier and the Real Estate market is following suit. After a steady summer and off season, families and investors from near and far are travelling to the resort to purchase their own piece of paradise just in time for Opening Day!

Crescendo

October 2019 brought forward 25 new listings to the Big White Real Estate market. Listings starting at $87,000 for a studio apartment in Whitefoot Lodge, all the way up to a $3,250,000 listing featuring luxury amenities and great investment potential. There was a lot of movement of properties as well, as we saw 20 sales during the month of October. Which is basically on par for October of 2018 which saw 21 sales.

With 115 active listings, there is lots of inventory to choose. From lots, condos, and single family homes, there is a vast array of available options at Big White Ski Resort.

Click here for active Big White Real Estate listings

LIVE WHERE YOU PLAY

3 Family Friendly Activities at Big White Ski Resort

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Big White Ski Resort is Canada’s Favorite Family Resort and for good reason! Offering a vast array of activities, Big White is fun for all ages and athletic abilities. Not everyone has an interest in skiing or snowboarding and that deters them from experiencing Big White Ski Resort, but below you will find my TOP 3 activities that all families will enjoy, that doesn’t involve strapping on a pair of skis.

TUBING

Tubing at Big White is classic! Who doesn’t love to rip down a crisp smooth hill with the sound of laughter following you the whole way down!? No experience is required, no equipment is required, and a thrill seeking attitude is a plus! The tube-park offers 5 groomed lanes and the new tube lift offers more tubers per hour than ever to maximize the fun for everyone!

ICE SKATING

Canada’s highest outdoor skating rink offers a picturesque atmosphere to take a spin on your skates. The rink is suitable for a leisurely skate or a game of pickup hockey with others. Rentals are available! Visit here for more information and tips for the rink!

HORSE DRAWN SLEIGH RIDES

There is one beautiful way to see Big White, and that’s on a horse drawn sleigh! Cozy up under a blanket and glide through the winter wonderland with experiences horses. This activity is perfect for ALL ages. For rates and more information click here

For more family friendly activities offered at Big White Ski Resort click HERE

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Big White Real Estate Update – September

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Big White Ski Resort is skiing right into nearly 45 million dollars worth of real estate sold thus far in 2019! The third quarter alone brought in 19 million dollars, up slightly from the third quarter of 2018 which saw 17 million dollars in sales. Sales were especially strong in September as we saw 20 properties exchange ownership, an increase of  25% from September 2018. The number of listings currently at Big White Ski Resort sits at 125, which if compared to the same time last year, is up 30%.

September’s average sale price at Big White Ski Resort for 2019 is reported at $446,057. Going back to September 2018, it was reported at $380,344, quite an impressive increase. However; if we go back ever further, to September 2015, the average sale price was just $169,475!! So it just 4 short years, the average sale price has increased by a massive 163%! Talk about an impressive investment!!

The fantastic thing is that $446,057 is the average price, meaning you can purchase a property for far less, or far more depending on your budget. Currently the lowest priced listing at Big White Ski Resort sits at $94,900, UNDER $100k! If your budget is a bit more generous there are listings as high as $3,988,000 and $5,295,000.

Ready to take the jump and invest at Big White Ski Resort? Contact me to get started!

Joan Wolf

Cell 778-231-0308 
[email protected]

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