big white investment

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.

 

 

 

A Guide to Big White’s Opening Weekend!

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Who’s coming up to join me for all the festivities at Big White starting opening day Thursday, November 28th?! My office is right under Snowshoe Sams in the Village Center and I’m looking forward to seeing you all there and participating in the fun. You won’t want to miss all the exciting events planned. Imagine carving down the slopes and right into your very own ski-in and ski-out spot. It’s never too late in the season to explore the possibilities! P.S. Don’t miss the chance to stay during opening weekend and get 2 complimentary lift tickets! 

Thursday, November 28th

The Village Centre Mall and Happy Valley Day Lodge open at 7:45 am. Be one of the first people down the mountain when the Ridge Rocket chair opens at 8:45 am and runs till 3:30 pm.

During this time you can grab a hug or a pic with Lucy Moose & Loose Moose. Also, complimentary hot chocolate and ‘opening day 2019’ stickers will be floating around. Live music at Sessions, 3-6 pm with Canadian acoustic duo Mabaleka.

Sessions Taphouse and Grill will be hosting events all weekend long so be sure to check them out. In addition, they are home to Elevation 57 Brewing Co. Canada’s highest brewery with 12 different beers on tap and a variety of indoor activities…you might even find yourself trapped here. 

Friday, November 29th

Enjoy the slopes all day long and when your body needs a good stretch head over to Mountain Yoga Studio for 7 pm for Practice, Pants + Dance Party, limited space so get your tix in advance. Still buzzing check out ‘Far Out Friday’s’ at Sessions featuring DJ Mr. M from 9 pm to close.

Saturday, November 30th

If you can’t make it any of the other days come Saturday for all the fun! During the day there’s a ‘Patio Party’ at Sessions featuring DJs, vendors & bonfires from 11 am-5 pm (Sat & Sun). Enjoy live music, from Vancouver’s country trio, The Heels, they will be playing in the Village from 12:30-1:30 pm & 6-7 pm. Between 6-6:30 pm, you’ll see the Village transform into a majestic wonderland known as Light up Big White followed by fireworks!

If you’re in the mood to laugh head over to Globe Cafe who is featuring a Comedy Night with Glenn Wool, show starts at 9:30-11:30 pm, get tix here. Get ready to dance as the legendary duo of SkiiTour will be at Sessions from 9 pm-close.

Sunday, December 1st

Take part in the Reindeer Round-Up Scavenger Hunt designed for the whole family, uncover the whereabouts of eight Reindeer that have escaped from Santa’s workshop and reveal the secret message to get them home. Get your clues from the concierge desk located in the Village Centre Mall.  Explore the Village through your taste buds with Walk, Dine, and Wine, the ultimate winter culinary journey for food and wine-lovers. Starting 5 pm, Sundays-Thursdays till Dec 19th.

Visit me at my office, 12:00 pm-4:00 pm!

LIVE WHERE YOU PLAY

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!

Developments Still Booming at Big White Ski Resort

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Big White Ski Resort sees massive developmental growth every year, and this year is no exception. Big White Ski Resort amenities and housing continue to climb in popularity and create a demand for more exciting developments. The Resort is making some incredible changes this year to elevate the mountain experience.

Guest Experience

Many of the new developments happening currently at Big White Ski Resort including a 5.5 Million dollar Central Reservations building and 8 new gondola cabins to Lara’s Gondola which increase capacity 50%! The Gondola upgrade will be ready for the 2019/20 season and was a total investment of $600,000.

Riding Upgrades

The Resort has also invested $250,000 to create a new Magic Carpet for beginners. It will also more space for people to experience skiing or snowboarding for the first time. For the Gem Lake lovers, you’ll be able to get there earlier on in the season because crews are working on a new return trail that will allow skiers and snowboarders to hit Westridge with 30-40 cm less snowbase. Which means you’ll be able to ride weeks before the normal Christmas time opening!

There is also a new groomer for those who love Corduroy, which now ensures this run is always in tip-top shape!

Residences

The Real Estate Market at Big White Ski Resort is powering through the early summer and remaining strong going into the late summer. Properties are in high demand and buildings are continuing to be constructed and lots being ready to develop. The sought after Stonegate Resort is on Phase 3 of its development this year and lots are becoming more popular with Monashee Ridge lots starting at only $139,900.

The developments at Big White Ski Resort have remained strong since the mountain resort opened and the luxurious touches and amazing amenities keep exceeding expectations.

If you are interested in learning more about Big White Ski Resort developments or property investment opportunities, contact me today!

Big White Real Estate Update – July

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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!

Joan Wolf

Cell 778-231-0308 
[email protected]

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