Developments Still Booming at Big White Ski Resort

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

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!

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

History of Big White – Part I

Do you know the history of Big White Ski Resort? Have you ever wondered who discovered this mountain paradise and ultimately founded the resort it is today? I’ve collected some interesting facts and details while researching the history of Big White Ski Resort that I will share below in Part I of the series.

Cliff Serwa and Doug Mervyn opened the mountain in 1963 named Big White just outside of Kelowna with one Main T-bar, and it wasn’t until 1968 that the first accommodations, a few private chalets were constructed on the mountain. By the end of the 60’s there were 3 T-bars. Population in Kelowna at the time was 10,000.

The legendary Snow Ghosts were discovered in 1965 and are still a big hit with locals and tourists alike!

 

The 1970’s saw lift and trail structure growth with the ridge double chair being installed in 1971 and both the Easter Triple Chair and Powder Triple Chair installed in late 1970s. The accommodations also grew from just a couple private chalets to facilitates and condominiums.

The Schumann Family purchased Big White Ski Resort in 1985 with the goal to build a world-class ski resort. They were to focus of offering new skiing terrain, customer convenience and service while increasing capacity.

With the Schumann Family rapidly growing the resort, along came The Plaza chairlift, the first quad chairlift in BC, the lengthening of the Alpine T-bar, Cliff Platter, and the Ridge Rocket all constructed before 1990.

TUNE INTO OUR NEXT BLOG FOR PART II OF THIS SERIES!

 

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!?