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November ’22 Market Report & Predictions

November 11, 2022 By Tayson Rockefeller Leave a Comment

Okay, I get it. You are tired of the usual market reports that cover where we are today. MBS markets, the CPI, inflation, interest rates and inventory. Same old. To be fair, this is all relevant data. Many look to market reports to understand when to buy or sell, how to price real estate listings, and what to expect.

So, on that last point, I took some time to review my own past articles, many even going back half a dozen years or more. What was I saying then? One interesting article (link below) was based on a Harvard study focusing primarily on supply and demand. In that article, historic trends pointed to a possible recession in or by 2024 (using my own math) as a result of the possible oversupply of existing homes. To clarify, recessions are not tied to the housing market, as we can clearly see with what is happening in the Nation today. Many economic factors are tied to the “R” word, and there have even been recent arguments that the traditional measure of a recession based on positive or negative growth and the gross domestic product are not relevant today.

2016 Article Link

Where am I headed with this? Based on the root of the article I linked above, we really have to take a look at supply, or more specifically, oversupply. How does the supply of homes today compare with the last housing market bubble? I won’t focus as much on how it compares with historic trends, we’ve covered that dozens of times. That data, for those not paying attention, reveals that we are currently in a typical market with no indication of an oversupply on the market today. We sit at a comfortable balance with anywhere from 5 to 6 months’ worth of supply at the time of this writing. While land exceeds that, the supply of land is not unusual for our market, even during good times.

It is hard to calculate historic absorption, but I can look at average “days on market” for real estate for past years, and I do have previous market reports with historic data available on our brokerage website. According to the data and opinion in my 2016 article, our market would be in decline in the 2022-2024 timeframe. Below is some data that compares where we are today, vs historic years.

Summary: I have maintained my position that the Covid years supercharged the real estate market that was already primed for a “bubble”, this is common knowledge. However, Covid also created major supply chains and labor issues that built shelter for a construction bubble, limiting the number of new projects, at least in our region. As a result, the supply of existing homes is lower than it otherwise may have been at this time due to the astronomical cost. Though my data below is skewed (the Winter data was normally based on the activity from the Summer months, as an example), the takeaway is that since 2017, residential absorption has averaged about  5.4 months before a sale occurred, MORE than the estimated supply of homes today. Though I anticipate things will continue to slow, probably not much more than the proportionate increase of interest rates, which is also starting to see relief based on the most recent economic reports.

TIME OF WRITING: 11/11/2022
Residential Absorption: 5.2 months
Residential Number of Listings: 127
Land Absorption: 7.3 months
Land Number of Listings: 253

AVERAGES SINCE 2017
Residential Absorption: 5.4 months
Residential Number of Listings: 125
Land Absorption: 11.9 months
Land Number of Listings: 360

2017 Summer Data
Residential Average Time on Market: 7.2 months
Residential Number of Listings: 114
Land Average Time on Market: 15.3 months
Land Number of Listings: 134

2017 Winter Data
Residential Average Time on Market: 5.4 months
Residential Number of Listings: 207
Land Average Time on Market: 25.5 months
Land Number of Listings: 509

2018 Summer Data
Residential Average Time on Market: 7.7 months
Residential Number of Listings: 135
Land Average Time on Market: 10.7 months
Land Number of Listings: 135

2018 Winter Data
Residential Average Time on Market: 5.5 months
Residential Number of Listings: 169
Land Average Time on Market: 13.1 months
Land Number of Listings: 617

2019 Summer Data
Residential Average Time on Market: 6.6 months
Residential Number of Listings: 144
Land Average Time on Market: 11.3 months
Land Number of Listings: 460

2019 Winter Data
Residential Average Time on Market: 5.4 months
Residential Number of Listings: 159
Land Average Time on Market: 12.1 months
Land Number of Listings: 507

2020 Summer Data
Residential Average Time on Market: 4.4 months
Residential Number of Listings: 113
Land Average Time on Market: 10.4 months
Land Number of Listings: 406

2020 Winter Data
Residential Average Time on Market: 6 months
Residential Number of Listings: 114
Land Average Time on Market: 10.8 months
Land Number of Listings: 384

2021 Summer Data
Residential Average Time on Market: 3.9 months
Residential Number of Listings: 46
Land Average Time on Market: 5.5 months
Land Number of Listings: 213

2021 Winter Data
Residential Average Time on Market: 2.1 months
Residential Number of Listings: 51
Land Average Time on Market: 4.7 months
Land Number of Listings: 238

What do you consider Peak season?

November 7, 2022 By Tayson Rockefeller Leave a Comment

One of the most frequently asked questions I get pertains to the seasons. I wear multiple hats around the office. Sometimes I provide insight for the property management team. Other times, I may be working the administrative or brokerage side of the business. In addition, and like any real estate agent, I’m always working “sales”. Interestingly, the property management side assumes that Winter is the big season, and the sales side customers assume Summer is the big season.

I’m not going to pull metrics to try to prove my point when it comes to rentals, I can assure you that the Summer months are the busiest. The property management team is reeling with PTSD by the time October rolls around, normally to be reminded of how much of a pain property management can be through the Winter months.

I can vividly remember researching this very topic on the sales side some years ago and determining that there were more sales that Winter season than the Summer prior. This instance most certainly occurred post 2008 and pre-2020, and I don’t recall any volatile years in between. That said, I can also distinctly recall dozens, if not hundreds of instances where home or land sellers discuss taking listings off the market as winter approaches, with the strong opinion that things do indeed congeal as the temperatures drop.

Okay, enough already. Here are the stats. I’m working off of the Teton board of realtors MLS and including all of the areas served (Teton Valley, Jackson, Alpine and surrounding areas), and I am not breaking this down by property type (give me a break, it’s 11:00 p.m. on Sunday). Also, I’ve decided to base Summer sales on June 1st through November 30th, and Winter December 1st through May 30th.

2018
Winter sales: 788
Summer sales: 1,146

2019
Winter sales: 711
Summer sales: 1,177

2020
Winter sales: 686
Summer sales: 2,255

2021
Winter sales: 1,676
Summer sales: 1,782

2022
Winter sales: 1,151
Summer sales: 894

There you have it. 2022 is obviously an anomaly with a changing market on the heels of the post covid real estate craze, as was likely my aforementioned vivid memory – unless it’s not a memory at all… At any rate, just because there are more sales that occur during the Summer season, does not mean that homes should not be listed for sale during the Winter months as 2022 easily illustrates. Further, more sales does not necessarily equate to a higher sales price. Often competing with less inventory in the Winter can benefit one looking to sell.

NEW ZONING AND LAND DEVELOPMENT CODE | PART II, ZONING DISTRICTS (TETON COUNTY, ID)

September 13, 2022 By Tayson Rockefeller Leave a Comment

Usual Disclaimer; this is MY interpretation of Teton County’s new code. You can find a complete version of the code HERE. Information should always be confirmed with Teton County, Idaho.

As outlined in the first part of my series breaking down the 2022 code, there are 7 zoning types in the unincorporated areas of Teton County, Idaho. Below is a breakdown with differences in each. This does not include the City Limits of Driggs, Victor or Tetonia, or their respective areas of impact.

AREAS OF IMPACT
The Areas of Impact around each city constitute their own zoning districts. However, they are under the jurisdiction of Teton County. Land use and regulations in these areas may be negotiated with each respective city. These are areas of potential annexation into the cities. Although these areas are identified on the new zoning map, we have yet to see details and negotiations between the county and city in these areas. For now, we’ll leave this for another discussion.

AVERAGE DENSITY REFRESHER
As I work through each of the 7 new zones, I’m going to be referring to average density. Remember, this is something (essentially terminology) that the county is pushing as opposed to minimum lot sizes. Essentially, if you had a 40 acre parcel in a 10 acre zone, you could either have four 10 acre parcels, or you could have a cluster of smaller parcels and a larger parcel. In other words, just because you are in a 10 acres zone does not mean that you are required to have 10 acre parcels. In fact, every new zone in the county has a 1 acre minimum lot size. This is all in reference to subdividing land, and we’ll get into that more in another article.

NOTE ABOUT CC&Rs: As I describe the County requirements in each zone, remember that this is a county regulation, not necessarily a subdivision regulation. If you are in a zone with a 30 ft Building height limitation and you are in a subdivision with a 24-foot height limitation, you are still limited to the 24 ft per the subdivision covenants and restrictions.

REFERENCE: The use table for each zone located on page 22 of the Land Development Code.

BREAKING DOWN EACH ZONE

IR, INDUSTRIAL RESEARCH
Minimum lot size:  1 Acre
Minimum lot width: 70′
Minimum front and side setbacks: 10′
Minimum rear setback: 10′
Maximum Building height: 45′ (60′ for agricultural buildings)
Average density requirement: None

Teton County’s description: The Industrial/Research (IR) Zone is intended to accommodate manufacturing, light industrial, office, and research uses with limited accessory residential uses. Most of these areas have low visibility from the highways and tourist centers and are currently undeveloped with some utility services available. Accessory retail and wholesale commercial uses are allowed in the IR Zone, as well as higher impact manufacturing and industrial uses with buffering and other impact mitigating measures as defined in Chapter 3, Use Provisions.

Tayson’s Comments: The industrial research zone is fairly straightforward. Uses like vehicle service and repair and warehouse storage are obviously permitted. Uses that are not permitted include cemeteries, lodges, hospitals, places of worship, a bed and breakfast, daycare, equestrian centers or special event facilities.

An accessory dwelling unit (ADU) that is attached to the main structure is allowed with some limitations, this is an important element to remember when researching something in the industrial zone. Because both main industrial zones are already in subdivisions in Teton County, keep in mind that you would need to review the covenants and restrictions for each development in addition to the standards. Teton county’s definition in section 3-9-2 for an attached accessory dwelling unit states that only one hey do you is allowed per parcel, two parking spaces shall be provided, there’s a maximum size of 1,500 ft and the applicant must provide verification of wastewater treatment.

I’ll get into short-term rentals in another section of the code breakdown, but short-term rentals are not allowed in the industrial zone whereas they are allowed in every other zone in Teton County.

RN-5, RURAL NEIGHBORHOOD
Minimum lot size: 1 Acre
Minimum lot width: 100′
Minimum front and side setbacks: 30′
Minimum rear setback: 40′
Maximum Building height: 30′ (60′ for agricultural buildings)
Average density requirement: 5 Acres (avg density)

Teton County’s description: The Rural Neighborhood (RN-5) Zone is intended to accommodate primarily residential uses at an average density not exceeding one (1) lot per five (5) acres. RN-5 serves as a transitional zone between the Areas of City Impact and rural areas. This zone is intended to serve as a receiving area in a potential Transfer of Development Rights program wherein gross density of one (1) lot per two and a half (2.5) acres would be allowed with the appropriate density credits. Projects in the RN-5 Zone that propose clustered development shall identify areas within the project that are designated as unbuildable open space. The priorities for open space in the RN-5 District include riparian areas, significant areas of native vegetation, important wildlife habitat, and areas for community parks.

Tayson’s Interpretation: The Rural Neighborhood zone offers the highest available density in the unincorporated areas of Teton County with an average maximum density of 5 Acres. Obviously primary dwelling units, outbuildings, attached or detached accessory dwelling units are allowed in this zone as well as home businesses with other conditional uses are also considered.

FH-10, FOOTHILLS
Minimum lot size: 1 Acre
Minimum lot width: 100′
Minimum front and side setbacks: 30′
Minimum rear setback: 40′
Maximum Building height: 30′ (60′ for agricultural buildings)
Average density requirement: 10 Acres (avg density)

Teton County’s description: The Foothills (FH-10) Zone District is intended to ensure development is in harmony with mountainous and hilly settings that are at higher risk to wildfire and notable for wildlife values. FH-10 serves to provide limited residential development with an average density not to exceed one (1) lot per ten (10) acres in the foothills of the Western, Southern, and lower elevation Northeastern portions of the valley. The intent for development in the FH10 is to maintain public access to state and federal lands; discourage scattered hillside development that requires remote roads and infrastructure; follow best practices to help prevent wildfires and minimize threats to life and property when wildfires do occur in the fire prone wildland interface; protect steep slopes; and preserve critical wildlife habitats such as wildlife migration linkage areas at the forest edge, and to protect native vegetation and scenic views of the foothills from the valley floor.

Tayson’s Interpretation: As apparent in the description, the Foothills section was created with wildlife and wildfires in mind to minimize threats in these wooded areas. Here again, obviously, a primary dwelling unit is allowed as well as an attached ADU, with limited use available for a detached ADU. The two Foothills zones are the only zones aside from the industrial zone where detached guest houses are not expressly permitted. The used table does provide for a limited use with respect to detached guest houses which requires planning administrator approval subject to specific use and dimensional standards.

FH-20, FOOTHILLS PRIORITY PROTECTION
Minimum lot size: 1 Acre
Minimum lot width: 100′
Minimum front and side setbacks: 30′
Minimum rear setback: 40′
Maximum Building height: 30′ (60′ for agricultural buildings)
Average density requirement: 20 Acres (avg density)

Teton County’s description: The Foothills Priority Protection (FH-20) Zone District is intended to ensure development is in harmony with mountainous and hilly settings that are at higher risk to wildfire and are of high priority for protection of known wildlife values. FH-20 serves to provide limited residential development with an average density not to exceed one (1) lot per twenty (20) acres in the higher elevation foothills of the Northeastern portion of the valley. The intent for development in the FH-20 is to maintain public access to state and federal lands; discourage scattered hillside development that requires remote roads and infrastructure; follow best practices to help prevent wildfires and minimize threats to life and property when wildfires do occur in the fire prone wildland interface; protect steep slopes; and preserve critical wildlife habitats such as wildlife migration linkage areas at the forest edge, and to protect native vegetation and scenic views of the foothills from the valley floor.

Tayson’s Interpretation: The Foothills priority protection zone is more or less the same as the Foothills zone with a few slight changes. The primary difference is obviously the density with a 20 acre minimum average density as opposed to 10 in the Foothills zone, but there are some considerations for access to public lands, and the use table provides for a few small differences including no limited use for an agricultural auction facility, no limited use for a garden center, more use options for a dude ranch, no special use consideration for vehicle service and repair, and no allowance for any form of wireless communication tower. The same rules apply with respect to detached ADUs and this zone with a limitation on use and a requirement for Planning Administrator approval.

RR-20, RURAL RESIDENTIAL
Minimum lot size: 1 Acre
Minimum lot width: 100′
Minimum front and side setbacks: 30′
Minimum rear setback: 40′
Maximum Building height: 30′ (60′ for agricultural buildings)
Average density requirement: 20 Acres (avg density)

Teton County’s description: The Rural Residential Zone (known as Mixed Agriculture/Rural Neighborhood in the comprehensive plan) is established to allow residential development with an average density not to exceed one (1) lot per twenty (20) acres near the incorporated areas while maintaining the rural atmosphere of Teton County. RR-20 serves to provide a place in the County where residential dwellings may be interspersed with agricultural uses and provide opportunities for residents to have gardens, farm animals, and livestock. The intent of the RR-20 is to keep land in agricultural production, preserve open space, and protect native vegetation, riparian areas, and critical wildlife habitat.

Tayson’s Interpretation: The rural residential zone is essentially an in-between zone from the rural neighborhood to the rural agriculture zones with very similar use requirements. In addition to your primary residence, detached ADUs or guest houses are permitted.

RA-35, RURAL AGRICULTURE
Minimum lot size: 1 Acre
Minimum lot width: 100′
Minimum front and side setbacks: 30′
Minimum rear setback: 40′
Maximum Building height: 30′ (60′ for agricultural buildings)
Average density requirement: 35 Acres (avg density)
Teton County’s description: The Rural Agriculture (RA-35) Zone is established to provide areas primarily used for agricultural purposes and very low density residential with an average density not to exceed one (1) lot per thirty-five (35) acres. The intent of RA-35 zoning is to provide locations for the cultivation of crops, the raising and keeping of livestock, and other related agricultural uses. The RA-35 zone district also serves to nurture wildlife habitats and preserve the beauty of the rural agricultural lands in Teton County by utilizing clustered development designs. It also provides the opportunity to use average residential density to establish smaller residential lots for family use or development while preserving agricultural lands.

Tayson’s Interpretation: The real agricultural zone is somewhat self-explanatory. It has a minimum density requirement of 35 Acres with the intent to leave room for agriculture, raising livestock, etc. The county would like to promote clustered residential areas in this zone to keep these wide open spaces… wide open.

The uses in this zone are fairly broad with limitations on some items that you find available in the rural neighborhood zones such as vehicle and equipment sales with a limited use option, but with more allowable uses that might conform to larger spaces such as consideration for an outdoor University, permitted uses for a riding academy/equestrian center, etc. Both attached and detached ADUs are allowed.

LA-35, LOWLAND AGRICULTURE
Minimum lot size: 1 Acre
Minimum lot width: 100′
Minimum front and side setbacks: 30′
Minimum rear setback: 40′
Maximum Building height: 30′ (60′ for agricultural buildings)
Average density requirement: 35 Acres (avg density)

Teton County’s description: The Lowland Agriculture (LA-35) zone district (known as Mixed Agriculture/Wetland in the comprehensive plan) allows an average density not to exceed one (1) lot per thirty-five (35) acres. It includes areas where development may be limited due to the remoteness of services, topography, jurisdictional wetlands, floodplains, and other sensitive environmental issues. These areas have seasonally important wildlife resources, are predominately rangeland and agriculture land, and have high scenic qualities. The intent of the LA-35 zone is to maintain undeveloped floodplains, protect homes from the risk of flooding, protect water quality from the impacts of development, and protect native vegetation and critical wildlife habitat.

Tayson’s Interpretation: The lowland agricultural zone is more or less similar to the rural agricultural zone with a few limitations that make sense to protect wildlife and other considerations in these areas. An example might include a limitation on employee housing in this zone, that is allowed with a special use approval in the rural agricultural zone. Here again, both attached and detached ADUs are allowed.

NEW ZONING AND LAND DEVELOPMENT CODE | PART I, ZONING OVERVIEW (TETON COUNTY, ID)

August 3, 2022 By Tayson Rockefeller Leave a Comment

For those of you that take the time to read my blog (thank you) you know that I try to make the information relevant to the region. I will begin trickling blog posts in with information on the new zoning and land development code impacting the unincorporated areas passed July 6th, 2022. I will include a “2022 Teton County, ID Code” blog category which you can find in “THE BLOG” section, above. I am going to begin with an overview of the zoning changes which I felt I could better explain in a video, below. Enjoy, and stay tuned for articles to follow breaking down the 2022 Land Development Code for Teton County, Idaho.

The Board of County Commissioners adopted a new Land Development Code on Wednesday, July 6, 2022. It will become effective on August 3, 2022, after it has been noticed in the local newspaper for two weeks. Note: New City Area of Impact (AOI) zoning will soon be renegotiated between city and County governments. Victor and Tetonia AOIs remain as County 2.5-acre minimum lot size in the meantime. The Driggs AOI retains its own unique zoning  scheme until the zoning is renegotiated.

TETON COUNTY, IDAHO ZONING ANNOUNCEMENT

TETON COUNTY, IDAHO LAND DEVELOPMENT CODE ANNOUNCEMENT

New Land Development Code in Effect August 3rd, 2022Land Development Code*All complete applications submitted by August 2nd, 2022 will be reviewed under Title 8 and Title 9 current regulations*
Frequently Asked Questions:  

Can the new county code be adopted by the voters of Teton County, Idaho? 

Zoning ordinances are not able to be adopted by initiative. I.C. §34-1801B(22) states that the broadly constructed individual right to petition via initiative and referendum simply, “does not apply to any local zoning legislation including, but not limited to, ordinances required or authorized pursuant to chapter 65, title 67. This was established in 2018 with the passage of House Bill No. 568 which amended the states initiative and referendum procedures to prohibit voter approval of local zoning legislation or any actions authorized by LLUPA. This includes comprehensive plans, zoning ordinances, subdivision ordinances, variances, and conditional use permits. 

“When will the new Code take effect?” 

The new Teton County Land Development Code will take effect when adopted by the Board of County  Commissioners. This is expected to occur in 2022 after the final public hearing and review. 

“Does this Code change development standards for the entire valley?” 

It does not.  

Teton County contains seven different land planning jurisdictions—the three cities of Victor, Driggs and  Tetonia, the three doughnut-shaped areas of impact (AOI’s) that surround each city, and the  unincorporated county beyond the AOI’s. The new Teton County Land Development Code will only govern  development in the seventh jurisdiction—the unincorporated rural parts of the county outside of the  cities’ areas of impact.  

The cities of Driggs, Tetonia and Victor will remain as high-density areas of development under their  respective individual development ordinances. The three areas of impact surrounding each city will  remain under the control of individual AOI agreements negotiated between each city and the county.  They are intended to contain transitional zoning with densities that are lower than the cities but higher  than the rural county. 

“Will the Code make existing landowners comply with new standards?” Existing buildings and development will not be affected by the new draft Code. They will be allowed to  continue as “nonconforming uses.” Existing lots that don’t comply with new density assignments will be  allowed to be developed per their original entitlements. The new LDC only regulates new land division  proposals and establishes minimal regulation of short-term rentals. 

Nonconforming structures: If structures become non-conforming, it only means they are not up to code.  Most old structures of any age fall into this category each year, as the International Building Code gets  updated every three years or a land development code gets changed over time. 

Teton County Land Development Code Update | Executive Summary of Changes 4 

With any new Land Development Code that gets adopted, it applies only to new construction projects and  new developments. What is already built, subdivided and existing now is not affected by new density  requirements, fencing requirements, height limits or view corridor requirements. No one will ever be  asked to tear down or replace existing structures by a governing body. 

“I heard the Scenic View Corridor set back was 1000 feet!”

Regarding scenic view corridors, the set back is not 1000 feet along the highway. The initial sentence in  the draft pertains to the definition of a view. The draft ordinance originates from state law.  

The LDC draft has two types of scenic corridor protections: type 1 and type 2. Both have design review  provisions for development that occurs within 500 feet. There are options for new applicants within that  500’ distance for graduated increases in height limits as the home location steps back from the right of  way.  

“How will the new Code affect my home business?” 

Small home businesses in residential zones have become less restricted in the draft LDC. What was a four page section of restrictions in the old code, is now just one page. A business sign is now allowed with a  permit for starters.  

The restrictions, for example, on deliveries of ten per day, sets a limit of what neighbors could be impacted  by from small businesses in their residential zone. The use standards for home business are listed in 3-9- 6 of the proposed LDC.  

Any home business with traffic and high levels of activity in one form or another that has outgrown a  home business may be classed as light home industrial. If at any point the home business or home industry  exceeds the standards for a residential zone, it needs to relocate to a commercially zoned parcel. 

“How will the new Code affect my short-term rental?” 

Because of the rapid unregulated spread of short-term rentals throughout the county, and since Idaho  Statute allows for a county or city to implement “reasonable regulations….to safeguard the public health,  safety and general welfare,” the new Teton County code does establish standards for parking, limits the  ensures that the allowed numbers of occupants are appropriate for the septic size, establishes quiet  hours, and sets other basic civil standards. The new draft Code additionally establishes requirements for  trash storage, smoke detectors, etc. 

Short-term rentals will be required to obtain a Short-Term Rental Registration (Permit) with the Planning  Department to verify that use standards have been met prior to the use being approved. A building  inspection may be performed prior to permit issuance. A permit will identify the owner of the property  and their contact information. Property management contact information, if applicable, will also be listed.  

The permit requires notification of the neighbors in each direction that may be impacted by the new rental  activity. Having proof of emails or letters that notify neighbors 30 days prior to the start of rental activity  is the new requirement in the LDC. 

Property owners and managers that follow these guidelines will reduce the number of problems for  neighborhoods throughout the valley.

Teton County Land Development Code Update | Executive Summary of Changes 5 

“Why change the zoning districts?” 

Teton County’s existing Zoning Map identifies basically two zone densities in the unincorporated parts of  the valley—A-20 and A/R-2.5. These zones were established in the early 1990’s, were largely self-assigned  by property owners, were not based on a comprehensive plan, and only vaguely reflect the valley’s actual  land use patterns and landforms. In contrast, the Comprehensive Plan’s Framework Map identifies six  zones which have been delineated according to actual topography and existing settlement patterns. These  include Rural Agriculture, Rural Neighborhood, Foothills, Mixed Ag/Rural Neighborhood, Mixed  Ag/Wetland, and Industrial/Research. 

“Why change density assignments?” 

The Comprehensive Plan calls for changes in how lands may be divided in each zone, including revised  densities. In response, the Steering Committee, the Planning and Zoning Commissioners, and the Board  of County Commissioners have worked out a new set of densities to better reflect the needs of the Coutny  and the Comprehensive Plan: Rural Agriculture- 35-acre, Mixed Ag/Wetland-35-acre, Mixed Ag/Rural  Neighborhood-20 acre, Foothills-10-acre, Foothills- 20-acre, Rural Neighborhood-7.5 acre, and  Industrial/Research.  

Update: In subsequent editing by the P&Z Commission, Rural Agriculture zoning was revised to 35-acre zoning and Mixed Ag/Rural Neighborhood was revised to 7.5-acre zoning. 

The current valley-wide basic densities of 2.5 acres and 20 acres offer little choice and are relatively small  in size for a rural community. 20-acre zoning is simply too small for most agricultural purposes and does  little to protect meaningful open space. Other comparable mountain communities around the Rockies  offer both a wider range of assigned densities, and far lower density limits (with corresponding higher  acreage numbers). 

“Why switch to average density zoning?” 

For the most part, the LDC Steering Committee proposed to get rid of minimum lot size requirements in  favor of using average density as the guiding principle in how many lots can be created in a subdivision (a  1-acre minimum lot size is planned to remain in all zones to accommodate fundamental well-septic  separation requirements). By definition, this would allow clustering by right. This change represents a  major shift in land development policy for the county. It is absolutely intended to help families get the  additional lots they desire and keep quality farmland and families together. It is a win for everyone. 

Average density zoning provides greater flexibility for property owners and developers, while allowing the  community to reach many of its most important goals from the Comp Plan. An enormous advantage of  average density zoning is that rather than having all the land in the parcel incorporated into lots, any land  leftover could either be put into a conservation easement, deeded to a homeowners’ association, left as  a working farm or otherwise utilized in a similar manner. 

“Can I split off a small piece of land to give/sell to one of my family members? How?” Two methods are available to larger landowners to achieve this goal. The first is to simply utilize the  average density zoning method just described in the previous answer. The second is to utilize a short plat land division to divide acreage into up to four parcels.

Teton County Land Development Code Update | Executive Summary of Changes 6 

“How does the new Code help protect wildlife and natural resources as highlighted in the  Comp Plan?” 

All development proposed within wildlife habitat as identified on the Teton County Natural Resource  Overlay Map will be subject to Site Plan review to ensure that the location of proposed development or  use avoids or mitigates impacts to indicator species and indicator habitats to the extent practical. The  location of proposed development will reduce fragmentation of habitat, avoid locations that affect  landscape elements such as unique rock formations, sheltered draws, drainage ways, or other features,  maintain connectivity among habitats, and protect sensitive fish and wildlife breeding areas and winter  ranges. 

If impacts cannot be avoided, the lost habitat will be required to be mitigated by replacing it with similar  vegetation communities at a one to one (1:1) ratio. The replacement ratio must be higher within a half  mile of riparian areas and equal a two-to-one (2:1) ratio. Perimeter fencing will need to be wildlife  friendly—this requirement does not apply to privacy fencing used to enclose the living space immediately  adjacent to a Dwelling Unit. 

If a subdivision proposal falls within the natural resource overlays, the Administrator, Planning  Commissioners or BoCC may ask for a more detailed Natural Resource Analysis.  

“How is the Code different from the Comprehensive Plan?” 

Both a Comprehensive Plan and a Land Development Code are required by state statutes contained in  Idaho’s Local Land Use Planning Act. The Comprehensive Plan is a conceptual document outlining the  community’s vision and goals. In Teton County’s case, our Comprehensive Plan was adopted by a BoCC  resolution in 2012. The Code is then supposed to be built from the Comprehensive Plan’s outline into a  working set of ordinances.

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