Big White Ski Resort Real Estate Market

What a wonderful place to spend a day, weekend or family vacation. Big White has world class skiing with, great restaurants, 100% ski in/out accommodation and is only about 45 minutes from Kelowna.  The Highway 33 is well groomed in the winter and makes access quick simple.
The Big White Resort is designed for the whole family to enjoy.  The resort has invested in  an out door ice skating rink which attracts a lot of family hockey games and everyone just joins in. They do offer ice skate rental, but bring your own hockey stick. There is also tubing  with different slides designed for all ages.
Big White happens to be one of my favorite places to spend Christmas and New Years.
The Kelowna real estate market up there has gone through what looks like a triple dip recession with prices for housing units bouncing all over the place. Currently there are 187 units for sale with price points for all budgets. If you’re looking for a vacation home with over 5,100 square feet there’s a $4.8 million dollar home for you? On the other end of spectrum, there’s a $37,000 condo in the Snow Ghost Inn. There are 20 homes priced under $100,000 and 5 over $1 million with the average asking price being $357,000. The average days on market for active listings is 255 days. On the sales side….
Unit Sales Ave. Sale Price
June 2005-Sept 2006 (ski season) 98 $315,000
2006/07 130 $207,000
2007/08 103 $337,000
2008/09 47 $233,000
2009/10 90 $304,000
2010/11 48 $230,000
There’s likely never been a better time ever to make an offer on a Big White condo with prices as low as they are and so much inventory on the market for so long. The doom and gloomers out there might suggest the average sale price still has room to fall but I’d wager a Canucks game day donut that with anyone that the 2011/12 average will be up significantly.
Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01
Cal for more information or view here Okanagan property for sale