|
From a real estate standpoint, however, Jackson Hole is even more unique. The Jackson Hole market is the only one in the Rockies - and one of the very few in the entire country - that has seen its real estate values shaped over the years more by conservation practices than by development and promotion.
Of the nearly 4 million acres that comprise Teton County, Wyo., more than 97 percent is permanently protected from development as national parks, national forest lands, BLM, or is under permanent conservation easement. In addition, with each passing year, conservation-minded landowners protect additional acreages from future development through the efforts of conservation organizations like the Jackson Hole Land Trust. These combined efforts ensure the scenic corridors and open spaces that greeted settlers years ago will remain protected in perpetuity for those who come after us.
While the supply of real estate in Jackson Hole becomes more scarce with each passing year, the corresponding interest in calling Jackson Hole "home" inherently continues to rise. This growing demand in the Jackson Hole real estate market is further enhanced by Wyoming's tax-friendly climate, casual Western ambiance and superb year-round recreational lifestyle.
Since 1997, sales volume in Teton County has jumped from a little more than $300 million to an estimated $1 billion for the year 2005. This represents an average increase of more than 20 percent per year within the overall market. Year to date sales in the year 2005 are up considerably over years past, fueled in part by a sharp increase in sales at the Jackson Hole Mountain Resort.
While no one can predict the future, it seems almost a certainty that Jackson Hole will continue to retain the character that has attracted settlers since the early 1900s. Furthermore, restrictive land use planning and community-minded conservation practices ensure our pristine environment and unique lifestyle will remain unspoiled for the generations to come. Jackson Hole Sales Volume
|
