BETTER: ‘Resort life’
“Two-storey mega-homes are not as strong as they were,” says Layden, adding that they will still be made available for a certain segment of consumers.
There are several new neighbourhoods on the property:
Osprey Green — This 39-unit, seven-building project is located between the seventh and eighth fairways of the Osprey golf course at Predator Ridge.
All with golf front views, each home measures between 1,300 and 1,800 square feet with plenty of deck space.
“To date, we have sold 25 of the 39 and just released the final 14 homes this summer,” says Layden.
The release of the first two phases last year, which involved five buildings, was successful. Now the final two buildings have come to the market with prices starting at $339,000.
The Villas at Birdie Lake — Nestled into the hillside, this villa development will have great views across what will soon become the new golf course and Birdie Lake.
This new neighbourhood will feature villas with 2,300 square feet of living space, a master bedroom and 1.5 bathrooms on the main floor, and two bedrooms, a bathroom and a terrace room downstairs. These homes start at $669,000.
The Okanagan Collection in Longspoon Ridge — Consultations with designers specializing in resort living, current homeowners and frequent resort guests interested in smaller one-level homes has culminated in the design of the Okanagan Collection in Longspoon Ridge, says Layden.
On smaller homesites, these 1,500 to 1,800-square-foot homes maximize the use of space— both indoors and out — and are quite livable. “Designed for how you want to live resort life, these two-bedroom, two-bathroom homes are low maintenance,” he says.
They are priced from $399,000.
The Signature Collection — Also on Longspoon Ridge, it is a series of larger homes measuring about 2,500 square feet with four bedrooms.
“You’ll find them here at prices that reflect today’s market,” says Layden. Signature homesites start at $149,000.
The Executive Collection — A series of homes built on larger homesites in the Vista Crest and Longspoon Ridge regions of Predator Ridge that feature over 3,300 square feet of luxury and are built to exceptionally high specifications. Vista Crest Executive homesites start at $258,000 and Longspoon Ridge executive homesites start at $339,000.
To a certain degree, Layden is downplaying the impact of the economic downturn on Predator Ridge.
He says activity in the past few weeks has improved, with the golf course business up compared to last year because of promotions being offered to entice players.
Predator Ridge is also probably one of the few resorts in North America investing in the construction of a new golf course at a time when many others are struggling to survive the global recession, says Layden.
As for real estate, he says there continues to be a good level of interest, again given the economic realities. “We’re seeing strong activity from people looking for the stage-of-life housing that we are now offering.”
Albertans, mainly from Calgary, Edmonton and Red Deer, continue to make up the bulk of buyers and those interested in purchasing a property.
One of the main reasons Predator continues to attract buyer interest is Wesbild’s commitment to the development.
“Predator Ridge has unparalleled facilities, amenities and a sense of community in the region — in place and thriving — that reduces homebuyer risk when it comes to whether a community vision will be realized,” says Layden.
There are elements that have been in place for years that allow would-be purchasers to see, touch and feel, and more easily visualize what is to come.
“Vision is great, but you have to be able to execute on that vision, pitch something you can realistically deliver,” says Layden.
“We’re not selling on a promise of what will be here. We already have a lot of amenities.”
The already extensive housing offerings at Predator Ridge near Vernon B.C. will expand further with the introduction of more bungalows, townhouses and estate homes.
The golf facilities at Predator Ridge Golf Resort will be further enhanced with a new course that is set to open in July 2010.