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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Markets elsewhere in Northern Colorado and the Boulder Valley generally experienced declines in those categories with a few exceptions.
For Greeley/Evans, listings increased from 401 in June to 415 in July, the number of sales increased from 171 to 231, and the median sale price jumped from $195,000 to $206,500.
In the Boulder area, the number of homes sold increased from 85 in June to 92 in July, but the number of homes listed for sale declined from 254 to 224, acerbating what Realtors there say is a market with an already inadequate inventory. The median sale price dropped from $726,335 to $701,500.
In Fort Collins, the number of homes for sale declined from 921 in June to 838 in July, and the number of homes sold dipped from 339 to 328. However, the median sale price increased from $270,000 in June to $291,000 in July.
Both the Longmont and Loveland/Berthoud areas declined or held steady in all three categories.
In Longmont, the number of homes listed for sale was unchanged from month to month at 274. Sales declined from 136 in June to 114 in July, and the median sale price declined from $274,000 to $264,950.
In the Loveland/Berthoud area, the number of homes listed dropped from 552 in June to 541 in July. Number of homes sold declined from 226 to 202, and median sale price declined from $272,250 to $260,000.