Yosemite National Park, CA

The history of real estate in Yosemite National Park dates back to the early 1800s when the area was first settled. The first settlers were gold miners and traders who came to the area in search of riches. As more people arrived, they began to build cabins and small settlements near the waterfalls and rivers.

In 1851, a group of businessmen from San Francisco decided to purchase Yosemite Valley from the federal government for $40,000. They renamed it Mariposa Grove and began to develop it as a tourist destination. The first hotel in Yosemite Valley was built by Samuel Brannan in 1859.

Over time, more hotels were built and tourism became an important part of the economy in Yosemite National Park. In 1903, Congress passed a bill that allowed private individuals to own land within Yosemite National Park. This led to an increase in development along Highway 120, which runs through the park.

Today, real estate is still an important part of the economy in Yosemite National Park. Many people live there year-round because of its close proximity to major cities like San Francisco and Los Angeles. Tourism continues to be a major source of income for the park, accounting for over 60% of its revenue today.