We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The figures are according to the latest stats released by the IRES Multiple Listing Service.
The median home price in Fort Collins on 339 single-family detached sales in June was $270,000. That’s down from $290,200 in May and down from $274,000 a year ago. And it’s despite the number of active listings in the month dipping to 921 from 1,024 a year ago. Month by month, Fort Collins median prices this year had been up compared with last year every month except January.
The other major cities in Northern Colorado and the Boulder Valley all experienced median price increases compared with a year ago as inventory dropped.
Boulder had just 254 listings in June and 85 sales. The median sale price there was $726,335, down from May’s level of $758,500 but still 12.2 percent above where it was a year ago.
In Longmont, listings were down 8.4 percent in June to 274, while median price rose to $274,450, up 5.6 percent from $260,000 a year ago.
Greeley/Evans had the biggest drop in listings from a year ago at 16.3 percent as the median price there rose 10.2 percent to $195,000. That’s after dipping to $172,700 in May.
The Loveland/Berthoud area, meanwhile, saw a 15.3 percent drop in listings from June 2013. Median single-family detached sale price was $272,250, up from $260,000 but down from $279,630 in May.