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 highest priced home sold during the period was in Boulder, where a three-bedroom, two-bath 5,300-square foot residence sold for $5.3 million.
Despite the annual drop in sales, month-over-month sales rose 7.7 percent from June, and sellers received about 98 percent of their asking price, up from 96 percent during the same time last year.
“There are still an ample number of interested buyers who are ready, willing and able to purchase a luxury home, but more homes are needed to meet the demand,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage.