Property at Big White Ski Resort

Property at Big White Ski Resort is more than just owning a vacation home. The potential revenue that comes along with your investment plays a major role in your purchasing power. Finding properties that double as a vacation home and a rental property with great earning potential are a rare find. Especially when other resorts such as Whistler have speculation tax. Big White Ski Resort is exempt from that tax making it an even more desirable place to invest.

Owner/Rental Use

Depending on how much you use your property for personal use, the revenue potential can be vast. Renting out your property during the high times such as Christmas and New Years break and Spring break, can yield some great revenue and also provides an opportunity to still use the property personal use during other times of the year. High end luxury chalets have potential to reach six figure rental revenue.

Location Location Location

Property at Big White Ski ResortChoosing an area of the resort is also imperative for both personal pleasure and when renting. Being in or close to the Village is a valuable asset for any property. Many people visiting the resort like to have immediate access to all amenities whether that is in Happy Valley or the Village centre. Speaking of amenities, if a condo is what you are after, comparing each complex’s amenities is important and will affect rental potential. You could go all out and enjoy Stonegate’s amenities which include indoor/outdoor pool, movie theatre, game room and much more. Or if you are looking for a more cost effective strata, a complex such as the Whitefoot lodge may be more ideal.

Owning property at Big White Ski Resort offers the chance to enjoy and revel in the best of both worlds. Using the property for personal use, hitting the slopes and enjoying family vacations along with a fantastic earning potential gives Big White a leg up on other Canadian ski resorts.

Are you ready to start the search for your perfect Big White Ski Resort property? Reach out today and let’s get looking!

Gear up for Summer at Big White

Its time to gear up for summer at Big White because the resort is opening on June 30, 2022 for its summer season! If you read my last blog post, you are aware of some pretty incredible events and experiences lined up. Like the Craft & Country Music Festival happening on July 16th. This year marks the resort’s 7th year of hosting this event that features tons of great breweries, cideries, and this year featuring music from The Heels.

There are so many more events to talk about, so lets dive into it!

Events to Gear up for Summer at Big White

The resort is still looking for ambitious volunteers for this years Community Clean Up. This is a great way to get outdoors and make sure the resort is looking impeccable for the summer months! To register or find more information just head to this link.

The Okanagan Graveller, brought to us by the team behind the iconic Okanagan Granfondo in Penticton, is a 2 day, 3 distance weekend that the resort is thrilled to host June 18-19, 2022. The Village is sure to be bustling with excitement in the beer gardens with entertainment and BBQ after the ride.

If you enjoy trail running, then the Big White Peak Challenge is perfect for you. Being held on July 10, 2022, this event is brought to us by Hoodoo Adventure Company. Two distances to choose from, including a 11km trail with 633m elevation gain or a 32km trail with 1940m elevation gain. Both of these trails will leave you in awe after trekking on dirt roads, around lakes, atop ridges, and featuring amazing mountain views.

April Real Estate Stats

April, finishing up the first quarter, was a fairly strong month for real estate at the resort. Keeping up with the previous months thus far 2022. April saw 13 sales, a 40% decrease from April 2021, but saw an average sale price increase of 32% from the previous April. The average days to sell continues to see a decrease from April of 2021 and the homes at the resort are sitting on the market an average of 45 days.

21 new listings hit the market during the month of April, and the close to list price on sold listings was 98%.

As of today, May 9th, there are 47 active listings at Big White Ski Resort. These listings range from a studio units for under 200k all the way up to multi million dollar chalets.

Feel free to reach out and contact me with any question you have about Big White, the summer season, and what’s happening in Real Estate!

Real Estate Year in Review: 2021

What a year 2021 was for Real Estate at Big White Ski Resort! The resort faced many challenges from new covid protocols, major highway closures, and fires threatening the area but has persevered and continues to remain strong.

2021 Year in Review

251 deals were completed during 2021, a jump from the 213 in 2020 but fairly on par. This final number includes lots, single family homes and condos.

Another noticeable jump we saw was the average sale price. In 2020 it was $469,721 and last year, 2021 the average sale price was $516,184. An increase that many owners are happy to see – whether its their investment property or family vacation home.

Even with the average sale price hovered around half a million, we did see studio units go for under 100k! On the flipside we also saw luxury chalets go for over 1.5 million. The gap between highest and lowest sale price is good to see because it means that whatever your budget is, Big White Ski Resort can offer you what you are looking for.

A shocking but welcoming decrease was the average days to sell. Falling down from 101 days in 2020 to just 55 days during 2021. Some homes also sold after 1 day on the market.

Another interesting statistic is the list to close price ratio. While in 2020 it sat at 96.8%, 2021 jumped to 99.1%.

For December 2021 market stats click here

2022 Forecast

2022 is shaping up to be on par with 2021. With many people traveling in from other countries again as well as many locals now purchasing at the resort, real estate is not expected to slow down.

Looking to invest or have questions about your Big White property? Feel free to reach out on my cell 778-231-0308 or contact me here.