Spring Break 2024 at Big White Ski Resort

How was your Spring Break? Mine? Well, it was incredible! We were able to get over 5 million in accepted offers and sales. The market like the ski hill had a very late start but it is awesome to see the action and continuing interest.

With the exemption from the short term rental ban and foreign buyer ban we fully expect that the interest from investors and relocating families will continue to grow exponentially.

I am so grateful and humbled that I get the opportunity to work with, collaborate with, learn from and do deals with Realtors who are consummate professionals and elevate our profession in every way.

Thank you to Jared Franczak Jesse East Mark Hetherington Brendan Stoneman Luke Cook I appreciate your hard work with me while navigating these new market conditions.

If you are ready to start your Big White property search – don’t hesitate to reach out 778-231-0308 or [email protected]

Okanagan and Big White Ski Resort Real Estate Update

As we near the end of 2022, I am excited to share November’s Real Estate statistics and news for the Okanagan and Big White Ski Resort. As previously reported, Big White Ski Resort has avoided the correction that much of British Columbia, including the Okanagan has experienced. The Okanagan is overall remaining steady however did see a slight dip in sales. As we head into this holiday season, we expect to start seeing sales comparable to pre-pandemic for the Okanagan, vs what we have seen these past few years. Big White Ski Resort however, is likely to stay strong and continue its steady sales with recreational properties most likely exempt from the foreign buyer ban.

Okanagan Real Estate Update

The benchmark priced surpassed 1million again and for November was recorded at $1,013,800. Only a 0.5% increase from November 2021. Sales overall however are down 52% and current inventory is 862. 500 new listings came to market in November 2022, which was 10% less than November last year.

The statistics show home prices have seen a small decrease with an upswing of inventory being available. Home sales overall are steady, especially with the higher mortgage rates and other factors. Homes are however staying on the market 60% longer with the average days to sell recorded at 57 days.

Big White Ski Resort Real Estate Update

Big White Ski Resort saw 11 sales in November with an average sale price of $917,718 and the total volume totaling over $10million. When you compare that to last November’s average sale price of $551,659, its quite an increase. We did see 6 more sales November 2021 with a total of 17 sales happening in that month and the total volume recorded at $9million.

36 new listings hit the market, an 38% increase from the same time last year. More inventory is great because it gives buyers ample choices within their budget. There are currently 74 active listings at Big White Ski Resort with properties for as little as $155,000!

real estate
3 bedroom penthouse at Stonebridge Resort

Properties are not sitting long either. The average days to sell is just over 1 month at 34 days. That means properties are being priced correctly and buyers are investing in the potential at the resort.

The decision whether to buy or sell in todays market is ultimately dependent on your situation and real estate portfolio. There is great potential right now to grab properties to build your portfolio as an investment. There is also great potential to list your property right now because we are still not back at regular inventory levels and home prices are still very strong with the right marketing and exposure.

If you are looking to buy or sell, or, are just curious about the market, you can contact me here!

 

Big White Ski Resort 2022

We are over one month into 2022 already and Big White Ski Resort continues to break the mould in many ways. Rising above the challenges and restrictions, the mountain has maintained and elevated real estate growth and development. With the Coquihalla Highway reopened to regular traffic and exciting events scheduled, the resort is becoming a more sought after place than it already was. Travelers from afar, and locals are both vying for the opportunity to own property at Big White Ski Resort.

Big White Ski Resort so far in 2022

This January we saw 24 sales at the resort, which is fairly on par as last year saw 23 sales. Again, fairly on par was the total volume of sales reaching 14 million this year, up 2 million from last years number. A number that was saw a big difference in was inventory. Not news for anyone that has been keeping tabs on the Kelowna market, but for Big White, this is a large difference that has just been affecting the market. January 2021 had 73 active listings including condos, lots, etc.. This past January only 34 active listings were available on the market. More than a 50% decrease in inventory. Which, leads us into the current happenings as we continue through February.

Currently there are 36 active listings. From the most affordable studio unit at $165,000 to an under construction luxury chalet at $1,599,900. There still is a price point for everyone and the potential investment opportunity is, for some, just too good to pass up. Some listings are being quickly snapped off the market at full or higher than list price and sometimes subject-free. That is not the case for every property however so there are still many good chances to find your perfect Big White Ski Resort property.

In other news

The resort is finally bringing in and scheduling more and more events as we see the COVID-19 restrictions slowly easing off. A couple of events that have ears buzzing are:

AltiTunes Music Fest – The Arkells are headlining this incredible outdoor event at Big White Ski Resort along with Juno award winner Lights. This festival takes place April 2-3, 2022 and tickets are already on sale! Find more information here.

The Moose Cruz – A scavenger hunt like no other! This widely popular event is back and on February 19, 2022 you can join the fun. Find more information here.

As the Beijing 2022 Olympic Games start, we are ready to cheer on our very own Tess Critchlow!  The home-town hero is representing Canada in Snowboard Cross and we are all extremely proud and excited for her.

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 Real Estate is on Par With The Rest of BC

Big White Real Estate is on par with the rest of BC. You have likely seen in the news that the real estate industry in British Columbia, specifically the Interior, is breaking records. It has well exceeded many peoples expectations. Big White Ski Resort‘s real estate market is no exception.

For instance, January 2021 sales took a 35% increase from January of 2020. Sales from $99,400 to 1,540,000 took place in January with the transactions totalling over $12 million dollars. This created an average sale price of $531,670, a slight increase from January 2020’s average sale price of $501,588.

Big White Ski Resort Real EstatePeople 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.

From my office I get to see the bustle of the Village and the excitement that runs through the resort on the daily. There is no better time than now to get outside and enjoy everything this beautiful mountain has to offer.

This year, the resort has spent copious amounts of time and money ensuring they are following all new government protocols. I believe they have done an incredible job in keeping visitors and locals safe all seasons long.

If you are curious about stepping into the Big White market or ready to sell your lovely ski abode, contact me today and we can talk about your options. Now may be the best time for you to LIVE WHERE YOU PLAY!

Big White Ski Resort announces major plans

Big White Ski Resort has announced major plans to take place over the next 60 years. The resort recently submitted it’s 2020 Master Plan to the government, outlining the anticipated growth and their goal of making the mountain a “world-class, all-season destination resort.” It will potentially double its current size of 3,140 hectares to nearly 7,000 by 2089. Much of this terrain will come from East Peak area.

Major Plans Announced

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.

Real Estate

Owning a Big White ski property is already a sought after commodity, and with plans of expansion and growth, I believe the real estate industry will continue to remain strong. 2020 ended with some of the best numbers the resort has seen and the forecast of the 2021 market is parallel.

There is a broad range of available properties like residential, lots, commercial and pocket listings. There are also many great options for vacation homes or investment properties depending on your intentions of use. Whatever your requirements are, Big White has something to offer.

You can sign-up here to receive all new listings that hit the market at the resort the moment they go live. You can also always reach out to me with any questions you may have.

ITS BETTER TO BE OUTSIDE

LIVE WHERE YOU PLAY

A Memorable Year at Big White Ski Resort!

We can all agree that 2020 has been a memorable year at Big White Ski Resort. With the resort facing challenges and having to make pivotal decisions, it still remains a hot spot for real estate and locals heading up to play in that champagne powder Michael J. is always talking about.

With 2020 coming to an end in a few days, the resort has seen a total of 213 sales within the year. That compared to last years total sales of 148 is a 44% increase. Over those 213 transactions, 100 million dollars of real estate has exchanged hands this year at the resort. From studio apartments for just $85,000 to the luxurious Crescendo chalet for $3,200,000 – there was a variety of sale prices making up the yearly average of $471,672.

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 here.

No one could have predicted what this year was going to bring. Among other things, it has brought attention and clarity to life’s most important things. It has allowed us to enjoy this beautiful mountain and all it has to offer. Big White Ski Resort allows us to get outdoors to enjoy the fresh air. It allows us to get active with some of the most amazing views. And it allows us to spend quality time with those close to us. That, and it’s just an hour away from Kelowna – what more could you ask for?!

Maybe you’ve been thinking about jumping into the resorts real estate market but need some questions answered by a qualified agent that is familiar with the resorts market? If that’s the case, please reach out and I would be more than happy to discuss why property at Big White Ski Resort is a great to own.

 

Spend Summer at Big White!

Spend your Summer at Big White – the resort is open! This summers opening weekend was the most successful opening summer weekend in history. The real estate market is red hot and investors are coming from all over the country to buy a perfect mountain getaway for their families. We believe it is better to be outside, and with Big White Ski Resort offering incredible outdoor experiences, now is the time to explore all Big White has to offer.

Here are a few of the adventures and activities that you can find at Big White this summer.

The Toonie Experience – A Race Series

Friday nights are for downhill racing! With the course changing every week, this series is a fun way to hit the dirt and compete with friends. Either participate or just come to cheer the racers on! Click here for more information.

Geo Hiking Adventure

A free scavenger hunt taking place August 1 and 2, that will challenge your navigation skills and Big White knowledge. Compete as a team or by yourself and have fun! Find out more details here!

Horseback Riding

Saddle up and enjoy a relaxing adventure riding horseback along the trails with experienced guides. You’ve never seen Big White like this so take in the gorgeous views and fresh mountain air. Multiple options available from an hour ride to a half day adventure with lunch at Globe Cafe or Blarney Stone! Big White Horseback Adventures is ready to ride!

Hiking

An obvious favourite, hiking Big White is phenomenal. Grab a trail map and walk through the trails to enjoy the greenery and gorgeous vistas. Here are the Top FIVE hiking trails:

  1. Rhonda Lake Trail
  2. Peak Trail
  3. Falcon Ridge
  4. Alpine Meadows
  5. Jaimeson Loop

The sun is shining and the mountain is waiting for you to get outside and enjoy beautiful British Columbia and Big White Ski Resort. Come visit me at my office, right under Snowshoe Sams, or contact me today!

LIVE WHERE YOU PLAY!

Big White Real Estate Market Update January 2020

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

New Developments at Big White Ski Resort

Big White Ski Resort in beautiful British Columbia continues to grow with new developments all over the resort. From a 9,000 square foot luxury chalet to family friendly condos in Stonegate and Happy Valley, Big White is exploding with possibilities that is sure to meet you and your family’s criteria.

Investors and developers are excited to invest in the future of Big White as they see substantial growth ahead, which makes Big White a great investment. I am asked every week about the new builds and current development underway and if this is a good time to buy at Big White; here are a few upcoming projects:

New Developments at Big White Ski Resort

SpyGlass

Spyglass Townhomes offer 27 premium residences in the heart of the village. These freehold townhomes offer ski in/ski out access and are steps to amenities. The 2 bedroom + den units are thoughtfully designed with premium finishes and indoor parking! Move ins are scheduled for Christmas 2020. In time to enjoy the holidays with family or rent out for revenue.

Monashee Ridge

Monashee Ridge offers spectacular views of the Monashee Mountains while being nestled in the trees off of Serwa’s Run, with a true ski in/ski out location. Freehold new build in upper snow pines with low strata fees and strong VRBO potential making it an incredible investment!  Buy a lot to build your dream chalet or full chalet package that suits your criteria.

Stonegate Resort

Stonegate Resort is a luxury mountain resort in the heat of Big White village. This resort offers ski residences with the space and luxury of a single-family home, the convenience and amenities of a boutique hotel. It’s a community vibe with an intimate private club feeling. The Stonegate Resorts spacious two, three, and four bedroom homes start at $299,000. They were designed with both personal enjoyment and entertaining in mind. The final phase is NOW SELLING!

Sundance Townhomes

Sundance townhomes are private residences that share the amazing Sundance Resort amenities such as: Salt water pool, cinema, games room, childcare activities, billiards room, steam room, private shuttle, and more! These townhomes feature outstanding views and come with oversized garages for your Big White lifestyle toys. Building is direct with the developer so you can have a say in the fittings and finishings!

If you’re interested in new developments at Big White Ski Resort, I can help you find the best property for you. Contact me for more insights and to chat about whether building or buying new may work for you.

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

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