Pinedale, Wyoming Real Estate

Gas Boom Creates High Demand For Pinedale, Wyoming, Real Estate

For a quiet rural town, Pinedale, Wyoming is hopping with real estate activity. The gas boom is the largest contributor, with one out of every two workers employed in the industry, according to a study published by Sublette Community Partnership. The added attention fuels the interest of both real estate investors and developers (many from the Jackson Hole real estate community), yet there are always prospective Jackson Hole real estate buyers seeking Pinedale for a slice of country living.

Since the drilling began in 2000, Pinedale wears many hats, and the Pinedale real estate market has yet to catch up with demand. Employees are left to hang their work wear in temporary homes at the local hotels that offer long-term rates. Inevitably a vibrant tourism economy feels this impact. There is a strong need Pinedale real estate in a price range that corresponds to earners’ wages.

Only 16% of the homes on the market are priced below $225,000, according to Jeffrey Jacquet, Sublette County Socioeconomic Analyst. Furthermore, the majority of homes in the Pinedale real estate market are above $350,000, with 25% listed at or above $500,000. These upper-end homes are well-designed or custom dwellings, often stunning examples of lifestyle ownership, found in subdivisions and tucked away on the border of the national forest. Just on the outskirts of Pinedale, spacious second homes mingle with log cabins and standard ranch-style addresses in Old Brazzill Ranches, Broken Hills, Carmichael Hills, West Ridge, or Glacier Hills. Second home owners, snowbirds, and sportsmen all understand the appeal of these sometimes acreage-rich parcels.

On the other hand, Pinedale is a working community that is growing at a forecasted rate of 40% each decade, according to the Sublette Community Partnership. There were 500 new homes built in the Pinedale real estate market between 2000 and 2005. The study suggests that the community would successfully sustain its growth – meeting the increased needs of the service and retail sectors as well – if more affordable housing found its way onto the Pinedale real estate market.

Wage-earners find the Barger subdivision affordable, 8 miles south, with one acre lots and a proliferation of manufactured homes. The downtown has changed little in the past ten years, either commercially or residentially. There, older homes are a quiet reminder of Pinedale’s unassuming nature.

Pinedale real estate still has an “anything goes” feel, with less restrictive covenants than its Jackson Hole neighbor, 77 miles north. While vacant land moves at a fast clip, prime undeveloped parcels still stretch through the Pinedale real estate market, bordering thousands of acres of active ranch land. For larger lots, get-away on Highway 352 leading to the “Upper Green,” with unparalleled mountain views. For more affordability, travel 17 miles north on Highway 191 to Green River Ranches. As it is for most Jackson Hole real estate, water front property is hard to find, yet cozy building sites flank the national forest, and sweeping grasslands suggest imaginative spaces for fortifying your dream home.  //