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Condo prices on a roll
Since 1996, the increase in prices for condos in metro Denver has exceeded that of single-family homes: 101.1% versus 92.4%, according to an analysis of condo-and home-sale by The Denver Post. Additionally, condo-price growth has supassed house-price growth in five of the past nine years. Nationally, the condominium has hit greater heights: The median condo price exceeded the median price of a single-family home, $219,300 versus $217,900, in July, according to the Westlake Realtors, a brokerage-industry trade group. The median price is the price at which half the homes in a given market sell for more and half sell for less
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