"In Wyoming, a fascinating real estate trend is emerging with the increased availability of multimillion-dollar ranch properties steeped in history. These iconic ranches, some dating back to the 1800s, are now hitting the market for upwards of $50 million, attracting attention from various buyers. The current market showcases notable ranch listings like The Pitchfork Ranch and Antlers Ranch, each with distinctive historical backgrounds, vast acreage, operational aspects, and scenic beauty, embodying the essence of Wyoming's ranching heritage and enduring appeal."
"Despite a decrease in the typical ranch size by 21%, prices are 10.1% higher year over year, with the median list price for a Wyoming farm/ranch reaching $1.93 million in September, more than double the price from five years ago. The surge in luxury ranch listings is driven by factors like generational turnover, estate planning, and lifestyle changes, prompting a new wave of buyers from diverse backgrounds seeking these properties for personal, practical, and investment reasons."
Historic Wyoming ranches dating to the 1800s are listed as multimillion-dollar properties, with some offered for more than $50 million. More than a dozen ranches are priced above $10 million, and the typical ranch size has decreased by 21% while prices rose 10.1% year over year. The median list price for a Wyoming farm/ranch reached $1.93 million in September, over double the price five years earlier. Generational turnover, estate planning, and lifestyle changes are driving the surge in luxury listings. Buyers seek privacy, tax advantages, vast landscapes, conservation opportunities, and long-term stewardship.
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