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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In March 2013, 12 luxury homes sold – 10 in Boulder County and two in the City and County of Broomfield, according to Steve Maita, a spokesman for Coldwell Banker. In March 2012, 16 luxury homes sold in the Boulder Valley, he said. The figures are based on Multiple Listing Service data of homes sold for more than $1 million on a monthly basis in the Denver metro area.
The average sale price increased for homes in the Boulder Valley, according to the report. The average sale price was $1,441,350, a 3.48 percent increase from the same month in 2012, Maita said. The average sale price in March 2012 was $1,392,794.
A home on the east side of Boulder at 3853 57th St. sold for $2.3 million in March, the top-selling luxury home in the Boulder Valley, according to the report.
Across the Denver metro area, the number of luxury home sales increased 45 percent from the same period a year ago. Seventy-one homes in the metro area – including those in the Boulder Valley – sold for more than $1 million. In March 2012, 49 luxury homes sold.
The average luxury home sale price across the metro area was $1,534,964. The high end of the market also was strong, with 10 sales of more than $2 million each.
Two other key market indicators also improved in March, according to the report. Homes sold more quickly than they have in recent months, and sellers received a higher percentage of their asking price than they have in recent months.