Seeing a Shift in The Okanagan’s Real Estate Market

We are fairly used to seeing a shift in Okanagan’s Real Estate market in the Fall. However, this is not the typical shift we are used to seeing. There are many properties being listed but we have seen a decrease in closed deals, about 35% less than last September. Many factors contribute to this shift. Including the increase of mortgage rates and rules, more inventory being available, and of course the listing price spike that has not come down as much as many potential home buyers would like to see.

Seeing a Shift in The Okanagan’s Real Estate Market

Properties are staying on the market a bit longer than last September with an increase of about 65%. The inventory level has increased a substantial amount (112%) compared to September of 2021, leaving potential home buyers more options. This is good to see as it creates a more balance buyer/seller market and not necessarily favoring one side or the other. The price ratio has also dropped,. Meaning properties are not all going for full list price and/or over list price, which again is nice to see for potential home buyers looking to get into the market for the first time.

Inventory at Big White Ski Resort has also increased when compared to last year, an increase of about 48%, but with less sales overall in September 2022 vs. September 2021. The market at the resort has remained strong throughout the off season and is already picking up as we get closer to the opening of the Winter 2022/23 season. The average sale price in September 2022 was just over $500,000 ($516,750) while September 2021 saw an average sale price of $479,450.

The prices at the resort are competitive, strong, and overall a great starting point when looking to invest in a ski property. Currently there are 68 active listings at Big White, some starting below $175,000 and some all the way up to luxury prices around 1.5 to 2 million dollars.

If you are interested in further discussing the real estate market, or how your property can fit in todays market, I would be happy to chat further – contact me here or give me a call at 778-231-0308.

Spring Break at Big White Ski Resort

Spring break is just around the corner and Big White Ski Resort is going to be the place to be! Many events over the past two years were canceled due to the pandemic, but with more Covid restrictions easing, the resort has some incredible events planned for the coming weeks. It’s an exciting time on the mountain because with more events, comes more guests getting to experience the beautiful resort.

What’s Happening

  • After two years of hiatus, the Neil Edgeworth Memorial Banked Slalom is going ahead this year on March 26 and 27th.
  • The 10th annual Big White Firefighter rooftop campout is March 18-20th. The goal this year is to raise $10,000 with 100% going towards the Thrive Foundation, BC Professional Fire Fighters Burn Fund.
  • Calling all healthcare workers(IH staff): FREE lift passes and 50% off ski/board rentals on March 30th!
  • AltiTunes Music Fest featuring the Arkells is a much anticipated event at the resort this year. A great way to reconnect and have fun. 

Real Estate Recap

The more people that arrive and visit the resort and see how amazing it is, more people are interested in purchasing a slice of Big White Ski Resort for themselves. We have seen 56 sales so far in 2022, fairly on par from last year and almost doubling the sales from 2020. With over 35 million dollars worth of property being sold so far, the resort is on track for another high transactional year.

With lower inventory than average, the resort has been expanding their residential areas and many new developments are in the making. Monashee Ridge for example is a new development offering luxury finishes and awesome location that has become an extremely popular choice for buyers.

Not only are there less options on the market, currently only 44 listings, but the listings themselves are being snatched up quicker than normal. 2022 is seeing an average days of market of just 44, a decrease from 2021’s average of 55 days. Less inventory means more competition and the average sale price so far in 2022 ($626,660) shows just how popular the resort is becoming.

Don’t be worried though because there are many opportunities to purchase real estate at Big White Ski Resort for less than that. Currently the most affordable option is a studio unit in the Whitefoot Lodge and it’s listed at $139,000. However, on the flip side, if luxury is your cup of tea, the most expensive listing is $1,999,999 luxury chalet in Feathertop Estates.

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!

4 Summer Activities to try at Big White Ski Resort

Summer activities are becoming more and more popular at Big White Ski Resort. With the resort now open for its summer season until September 6th, there is just over one month left to explore what the mountain has to offer. You’ve seen the mountain with snow, now its time to check out the incredible activities you can enjoy without all of that champagne powder Michael J. is always talking about.

Just 45 minutes from Kelowna, Big White Ski Resort is the perfect place to travel for a day trip to get outdoors and explore what this beautiful province has to offer. So pack up the family, the dog and head up the mountain to find adventure.

Here are 4 Summer Activities to try at Big White Ski Resort

Mountain Biking

Bike Big White has something for every level of rider. Whether you want to log some serious miles or just gear up for some family fun, the bike trails at Big White were built by riders for riders. These trails feature some of North America’s newest and best lift access. Find yourself exploring 19 world class gravity fed trails and soak up the Okanagan sun while doing so.

Don’t have a bike or any gear? No problem, the Rental and Bike Service will get you all geared up and ready to ride!

Disc Golf

This new addition to the resort has been a big hit with locals and tourists alike. The 9 hold disc golf course was funded in part by the Big White Mountain Chamber of Commerce and the Big White Mountain Community Development Association. It’s conveniently located just below the skiers tunnel.

This activity is free for those who bring their own discs and rentals are available through the Rental Shop in the Village Centre Mall.

Hiking

A great way to explore the landscape minus the snow you are probably used to. Big White offers an incredible hiking experience with mountain wild flowers, bird watching, and phenomenal views.

There are many trails to choose from and you can even arrange a guided hike with a local host.

Events

With COVID-19 restrictions eased, there are many events that are happening on the mountain. Events like Music on the Mountain, BC Cup Downhill Provincial Championships, and Trek Dirt Series are all back. These events are a great way to take in the Big White summer experience.

Check out all of the Summer events here

With the valley basically smoked in right now, Big White’s higher elevation can get you out of the smoke and into adventure.

Summer 2021 at Big White Ski Resort

Get ready for an incredible Summer season at Big White Ski Resort! because the much anticipated Summer 2021 season opens on July 1st. This summer is a great time to explore and discover what the resort has to offer without the champagne powder. With many of us seeking outdoor activities to keep us occupied, the mountain offers something for everyone.

Want to try mountain biking? No problem (they even have rentals!!). Ready for a hike with a phenomenal view? Got it covered. Or maybe you’re looking for something a little less strenuous? In that case, you can enjoy the beautiful scenic chair lift. Remember bike passes go on sale on June 1st and there is a limited supply. Head over to Big White’s website for more information.

You can leave with more than just memories as the shops are open for retail shopping and the restaurants will be open to fill your stomach. Check out all the summer information here.

With past years events including Cider Fest, Mud Sweat and Tears, Wine Fest and North American mountain biking open invitational, we are optimistic that full normalcy expected by late summer. With BC trending in the right direction we are excited to welcome all our international and national guests back to experience the magic with us.

Leading up to the Summer season at Big White

Even during this off season, the Real Estate industry hasn’t slowed down. Outdoor enthusiasts and many locals are looking for that perfect vacation property that they can indulge in that remains close to home. Whether its a small studio apartment to use for the basics or a lavish chalet to entertain and revel in.

There were 22 deals completed in April of this year, with over $13 million in sales. When comparing that to the 1 deal in last April, I would say this year, properties at Big White are sought after. Additionally, last years average days to sell last at 101 days while year to date, this years days to sell is 58.

If you’ve been thinking about purchasing that perfect vacation home or investment property, consider Big White Ski Resort. With major plans to expand over the next 60 years, the resort is quickly becoming an even more popular place to invest and enjoy.

Big White Ski Resort Winter 2020/21 season – The resort & real estate is bustling!

With Big White Ski Resort’s Winter 2020/21 season’s opening day a mere few weeks away, the resort is bustling and busy making preparations to be ready for the Winter 2020/21 season. If you have taken a drive around Big White lately you will notice a lot of new builds and updating happening. A perfect example of a growing neighbourhood on the hill is the exclusive Feathertop Estates.  These high-end luxury chalets offer unbeatable views of the Monashee Mountains and top the scale of incredible ski homes. It’s not only new builds that are taking off, whether it’s those luxury chalets or studio apartments, real estate on the mountain is booming and doesn’t seem to be slowing down any time soon. 

What’s Happening on the Hill – leading up to the winter 2020/21 season

This October Big White Ski Resort saw 29 deals complete with the lowest price being $139,000 and the highest a staggering $3,200,000 which was the incredible Crescendo Chalet! The average price was $531,569, up from last year’s average price of $405,631 over 20 sales.

This year, the resort has taken many extra precautions to ensure that all visitors and staff alike will be safe with new rules and protocols in place that follow the government’s COVID-19 guidelines. In a Castanet article, Big White vice-president Michael J. Ballingall said the resort will control the number of day passes to keep a handle on the numbers on the mountain. Skiers/snowboarders are also being urged to “stay in their bubble,” he said. Previous years Big White had relied heavily on foreign workers and has worked hard to lock in domestic staffers for the resort this year.

With my office located in the Village, I love watching the hustle and bustle of the resort starting to pick up. People are really looking forward to getting outside and enjoying the champagne powder that Big White has to offer. Stop by the office anytime to check out all of my listings and if you have any questions pop in or send me an email. I would be happy to help!

LIVE WHERE YOU PLAY

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!

COVID-19 and the Big White Real Estate Market

COVID-19 abruptly ended the 2019/2020 season at Big White Ski Resort. With the resort closed until further notice, we are all staying at home, homeschooling the kids, working from our new makeshift home office and finding new routines. It’s definitely a drastic change from gearing up, hitting the slopes and adventuring around the resort.

Big White Ski Resort remains closed for the time being, but because real estate is deemed an essential service there are still 124 active listings on the mountain and new properties still coming to market. With such amazing online marketing tools, an interested Buyer can easily view a property by way of a virtual tour, video, and photos. And, just as importantly, a Seller can feel confident that their property is still being marketed to its fullest during these times.

My outlook for the resorts future is positive, I believe that the mountain’s economy will remain strong. With our response to COVID-19 and the US dollar being at almost 1.50 I am cautiously optimistic that Canada, BC, and especially Big White, will be sought after real estate in the following months.

Still want to explore the mountain?

There are some approved off-season trail access that you may use. *PLEASE NOTE*  The mountain is closed and no access of any kind is permitted to the trails and/or areas within the controlled recreational boundary on Big White Mountain. With the exception of low impact activities such as dog walking and snowshoeing in the highlighted area on the map. Check out there MAP here.

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