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 numbers are according to figures released Monday by the IRES Multiple Listing Service.
In Boulder, the number of detached single-family listings dropped from 196 a year ago to 156 this year. The number of detached single-family sales in Boulder year-to-date has dropped from 72 a year ago to 68 so far this year. Median sale price so far in the city, meanwhile, has been $630,000 versus $657,250 for the same timeframe a year ago.
In Longmont, the number of detached single-family listings was 162 in February, down from 242 for the same month a year ago. Year-to-date sales in the city total 105 this year, down from 142 for the same point a year ago. And median sale price this year has dropped to $237,000 so far this year versus $249,125 for a year ago at this time.
Inventory and sales for attached dwellings have declined similarly in the two cities so far this year. However, the median sale price for attached dwellings in Longmont in February was 9.4 percent higher this year than last, increasing from $164,000 to $179,450.