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 all of Northern Colorado, more than $1.5 billion worth of homes were sold in 2012, up from $1.1 billion in 2011.
The Loveland-Berthoud area enjoyed the largest increase, according to the latest data from Information and Real Estate Services.
Loveland and Berthoud saw a 32-percent increase in total dollars sold to more than $365 million when compared with 2011. Twenty-three percent more homes were sold in the area in 2012 at a median price of $229,900.
Greeley-Evans, which experienced sizable price increases in nearly every month in 2012, saw a 12.7 percent jump in total dollar volume to $211 million in 2012.
Overall, Greeley’s median home price increased 16.2 percent to $151,000 from 2011, with a slight decrease in the number of homes sold.
In Fort Collins, total dollar volume increased by 25.2 percent to $768 million over 2011.
More homes were sold in Fort Collins in 2012 at a slightly higher price. The number of homes sold increased by 20.6 percent at a median price of $246,000, up 3.7 percent from 2011.