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.
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!
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.
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.
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.
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, 
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!
