“As COVID started to hit coastal cities, people were trying to escape — they were escaping urban centers. The biggie was that they could work remotely,” Mercedes observes. With limited property on the market, prices escalated. She says “it was disconcerting” how high the prices got and how aggressive the market was.
So, how did this impact current residents? Were people simply taking advantage of the real estate boom and cashing out? “Not really,” estimates Mercedes. For many sellers, the opportunity was simply an acceleration of their existing plan. Longtime residents sold to move closer to family or to escape the increasingly arduous winters. For others, it represented an opportunity to move to a neighboring community, like Victor and Driggs.
Shelby Dyer, a young up-and-coming realtor who lives and works in the Teton Valley, has her own migration story. She moved to Victor from Jackson in 2018 and had a hard time adjusting. She felt isolated and ended up moving back to Jackson. Two years later, during the great COVID migration, she returned and fell in love with the community.
These days, 80 percent of her business is on the Idaho side of the Tetons. She has found a niche in helping her peers find their first home — in Idaho. “A lot of my clients are my age! They are newly married, they’re thinking about starting a family, and buying a home was always the plan. But they are priced out of Jackson,” she explains. And, according to Shelby, they love it in Idaho. There are good restaurants, a summer music festival, lots of live music, and fewer — a lot fewer — people.
Shelby says she’s also seeing empty nesters with adult children and grandchildren move to the area. Often funded by the sale of their Jackson home, this population has been able to upsize — retiring and buying a home in Idaho.
She comments that the lifestyle in Victor feels more sustainable now. While most of her peers still commute to Jackson, she says that there is a drive to move their employment to Idaho. With the migration of businesses to the western side of the Tetons — like New West KnifeWorks, Highpoint Cider, and French Press Coffeehouse — as well as community employment stalwarts like Grand Targhee Resort, Teton Valley Health, and the local municipality, the dream of working and living on the western side of the Tetons is not far off.
Throughout history, people have migrated to improve their lives, to leave something behind, or to seek something better. The argument that life is better in the Tetons is hard to deny, and while the impact of the great COVID migration has yet to be fully understood, both great opportunity and the inevitable pitfall lie ahead. The phrase “it takes a village” has never been truer.