Big White Real Estate Update – August

The summer season at Big White Ski Resort has come to an end and what an incredible summer for real estate! Summer 2019 brought many new buyers to the mountain from all over the world and the summer events allowed investors to continue renting their investment property year round.

10-255 Feathertop Way

As we know from the past few months, the average sale price at Big White Ski Resort has seen quite a dramatic increase. June through August of this year showed an average sale price of $463,176, which is an increase of 25% over the same time last year even though there were slightly less overall sales.

During the month of August we saw 33 new listings hit the market. From lots starting under 100k to luxury million dollar chalets the range of property available is vast. Properties are selling slightly quicker than last summer with an average days to sell statistic of 101 during the summer months (June-August), an approximate decrease of 12% from 2018.

Now who is ready for the winter season to start?! Only 84 more days!

Don’t miss the opportunity to purchase your dream mountain home or to sell that investment property!! Get in touch with me today for a complimentary market analysis or to receive new active listings within your criteria!

Big White Real Estate Update – July

July has come and gone and it brought some heat to the real estate market at Big White Ski Resort! 16 new listings hit the market in July, bringing the total number of active listings to 105 at the end of the month. The number of sales in July saw a massive increase of 95% from that in June, which only saw 5 sales throughout the month. The average days on market for Big White Ski Resort is sitting at 109 days, just one week more than that of the same time last year.

The average sale price in Big White Ski Resort has seen steady increase over the last few years. The average sale price in July 2019 was $459,179, a 17% increase from July 2018, and an increase of 40% from July 2017. These numbers are the reason why many out of town buyers and investors are coming to Big White Ski Resort to buy property. There is a price range for everyone from under 100,000-5,295,000. That’s right, you can own a piece of beautiful Big White for less than 100K!

The Big White Real Estate market remains strong into the second half of summer – don’t miss the opportunity to purchase your dream mountain home or to sell that investment property!! Get in touch with me today for a complimentary market analysis or to receive new active listings within your criteria!

Big White Real Estate Update – June

The Summer season at Big White Resort has begun and with that comes new people exploring the mountain. The summer season has allowed the Real Estate market to remain strong in the winters off season. As of today, Big White Ski Resort has 110 active listings, just 9 more active listings than June of 2018.

Average sale prices continue to gain momentum as Junes average sale price was $483,800, an increase of approximately 15k from May of this year, and, an even greater increase from June 2018 where the average sale price was just $292,500. If you like numbers, that is a 65% INCREASE! However, that doesn’t mean that all of the current listings at Big White are pricey, you can get into a mountain property for UNDER 100k; however, if your budget is more generous, there are also properties listed for up to 6.3 million.

The first half of 2019 has seen 57 sales, down from 2018s first half, but with the large increase in the average sale price, Big White Ski Resort remains a perfect opportunity for investors and vacationers alike. Buyers worldwide are still visiting Big White Ski Resort to explore the investment potential the mountain offers. With no speculation tax or foreign buyer tax, Big White Ski Resort is an ideal place for out of country investors to build their portfolio.

Big White Ski Resort and the strong real estate market make it a perfect time to purchase or sell your Big White property. Get in touch with me today for a complimentary market analysis or to receive new active listings within your criteria!

Big White Real Estate Update – May

Big White Ski Resort continues to display a steady increase in property value and investment return. Buyers from all over the globe are keeping the real estate market strong. There is no shortage of Buyers looking for investment properties, vacation homes and rental suites.

300 Moonshine Crescent

The average sale price of a single family dwelling (bare land strata) continues to rise at Big White Ski Resort. Statistics pulled from OMREB show the average sale price year to date of a single family dwelling to be $999,000. The same statistic from January to May 2018 was nearly half that amount at $525,000. Properties at Big White are raising the bar, and prices, with the quality of craftsmanship, high end details, and luxury furnishings,  there’s no wonder  the average sale price is ski rocketing for the luxury ski chalets.

In May, new listings were on par when comparing to last years numbers, as well as the total volume of real estate being sold at Big White Ski Resort. The number of sales were down slightly, but with the overall average sale price being significantly higher than the same time last year, the market is remaining strong.

Big White Ski Resort and the strong real estate market make it a perfect time to purchase or sell your Big White property. Get in touch with me today for a complimentary market analysis or to receive new active listings within your criteria!

History of Big White Part II

Continuing on from History of Big White Part I Big White Ski Resort showed continuous, steady growth from the 90’s and into the 2000’s. This second part  to the history of Big White will showcase all of the incredible amenities and features that have been constructed until mid 2000’s.

The opening of a Walk-In Medical Center at the Whitefoot Lodge took place in 1994, along with a 100 seat conference center,  Dom’s restaurant, and The Eagles and Chateau on the Ridge condominiums being constructed. The Ski Rental and Repair shop was also renovated during this time. In 1995, Big White Ski Resort invested more than $5 million in improvements to continue its growth. To accommodate its growth, a 350 car parking lot was placed between the Bullet and Black Forest and the White Crystal Inn opened offering deluxe accommodation and dining. On hill accommodations now exceeds 5,500 persons making Big White the largest on-mountain village in Western Canada!

The next few years brought the Ice Skating Rink, Snowboard Park, The Village Center Mall, The Big White Kid’s Center, Gem Lake Express Quad Chair and 1,200 acres of new terrain. Bringing the investment totals to over $75 million. Accommodations grew tremendously in 1997 and 1998 with the developments and expansions of Black Bear Lodge, The Coast Resort, Legacy Condominiums, Snowpines Estates, and The Ridge Day Lodge. Not long after in 1999, huge development milestones were hit with the completion of the Legend, Timber Ridge, Whiskey Jack, Treetops, Chateu at Big White projects. The Real Estate total for 2000 is $39.1 million!

In the early 2000’s, over $125 million was invested into the Gondola Woods Happy Valley Project. 100 acres of newly gladed terrain, summer grooming projects, and car park expansions were completed in 2001. While a year later, in 2002, a new super Olympic sized pipe, the 2nd one in Western Canada was constructed, along with the new skier bridge linking the village to Happy Valley. 2002 also saw a massive jump to nearly $50 million in real estate.

Stayed tuned for Part III

Big White Real Estate Market Update – April

Big White Ski Resorts real estate market is still going strong, even after the end of their Winter 2018/2019 season.

April of this year saw a total of 18 new listings hit the market, 44% of which were condos, down from March of last year where condos made up 63% of the new listings. Townhouses made up 27% of the new listings in April and 11% were lots.

The average sale price of lots located at Big White Ski Resort has increased dramatically over last year, the average sale price in 2018 from January-April was $181,500, this year we are seeing the average sale price at $330,667, an increase of 82%!! It’s not just lots that have increased, we are seeing an increase across the board including single family residences jumping from $633,500 to $889,667, a 40% increase!! These statistics prove exactly why Big White Ski Resort is an incredible place to invest in property.

LIVE WHERE YOU PLAY

Big White Real Estate Market Update – March

Big White Ski Resort’s real estate market in March saw a 55%  increase in sales from February. March’s sales were between the 94k and the 805k price point.

Listings haven’t slowed down either, with March seeing 18 new listings, bringing the current total to 112 active listings. Property price points are ranging from $104,5000 to $6.3million with a large majority between 500-700k.

Spring break at Big White was extremely busy for real estate this year. The weather was absolutely fantastic and the showings were non-stop! Investors, families, and individuals from all over the globe traveled to Big White to evaluate the real estate market and many jumped at the opportunity to make a purchase.

From luxury chalets to studio apartments, it seems that the market isn’t leaning one way or another, but offering properties of all types to cater to anyone looking to invest at Big White Ski Resort.

LIVE WHERE YOU PLAY!

Big White Real Estate Market Update – February

Big White Village

Big White Ski Resort’s temperature might be in the negatives lately, but the real estate market is climbing to hot hot hot! With 18 new listings becoming active in February, it brings the total current listing count at Big White to 117. That number includes condos, single family residences, and lots. 

Condos currently make up 42% of the current listings and with prices ranging from $104,500 to $1,100,000, there really is a price point for everyone.

Whether it is local families, investors, or people from out of the country buying vacation homes, condos are an incredible chance to own at Big White Ski Resort. They allow owners and occupants to live a secure, low maintenance, lifestyle while reaping the benefits of amenities and location. Condo living often boasts the “Lock and Leave” lifestyle, which for a vacation home is an opportunity for less stress, and the confidence your home is secure and taken care of while you are not there.

Condos at Big White Ski Resort are becoming more luxurious and the amenities are increasingly raising the standards. Complexes such as Stonegate Resort offer incredible building amenities like a heated indoor/outdoor pool, 18 seat movie theater, fitness center, game room, and more! To check out the sophisticated Stonegate Resort, click here.

So whether you invest, vacation, or live on the mountain,the condo lifestyle may be right for you.

LIVE WHERE YOU PLAY!

Big White Real Estate Market Update – January

We are already one month into 2019 and Big White’s Real Estate market is booming! The demand for property at Big White is steadily rising and people from all over the world are now not just renting, but buying their dream vacation/investment property. Investors are jumping in the market and receiving more of a return than ever with Big White Ski Resort now open for all four seasons, providing family fun all year round!

Keeping up with the high demand for housing, Big White’s developments are growing and don’t seem to be slowing down. Lots make up 25% of the current listings at Big White Ski Resort. Monashee Ridge offers lots starting at $139,000 and lot + cabin packages starting at $469,000! A ski-in/ski-out location nestled in the trees off of Serwa’s Run, makes it a great investment or a fantastic family cabin.

Not only are lot listings increasing with all the new developments,  Big White is seeing an overall increase of listings compared to this time last year, up from 76 active listings in January 2018 to 116 active listings in January of this year. From single family mountain homes, townhomes, and condos, there really is a type of property for everyone!

Whether you want to live at Big White full time (yes, there even is a school), or your focus is more on income potential, the Big White Real Estate market is one you can’t pass up!

Don’t you want to LIVE WHERE YOU PLAY!?

Why January is a great time to list your home!

You’ve been pondering the idea of listing your home “next year”, but aren’t entirely sure when is the best time to list. You’re friends tell you Spring because that’s when the market picks up. BUT, I’m going to give you 3 reasons to list your home in JANUARY!!

  1. There are fewer houses on the market – which means less competition and greater chance at receiving an offer
  2. People that are looking at houses in January are serious buyers!
  3. Corporate relocation – One of the biggest months for employee relocation is January, you might just sell to a newcomer to your town!

Okay, now that you’ve decided to list in January, here are some helpful tips for winter showings:

  1. Bake cookies for the potential buyers – the smell, the thought, and the taste will leave an imprint in their memory with the house.
  2. Have summer photos of the house, yard, and neighborhood.
  3. Keep driveway and sidewalk clear of snow and ice at all times!
  4. Turn the heat up a notch or two prior to showings, and if you have a fireplace, turn it on for extra ambiance.

Listing your property in January may just ensure you get the right price and beat the spring saturation!

Call Joan Wolf today if you want results, passion, and perseverance!

C- 778-231-0308

E- [email protected]