Denver Metro area numbers of sales up, while home prices dip.

Metrolist has released their July numbers. Home sales are up from that of July last year however the median price of condos and residential home sales has dropped. Number of homes sold from July of last year to July of this year increased by 2.95 percent. The median price for a condo dropped 5.7 percent while the median price for a single family home dropped 10.12 percent. This decline in price could be due to the number of foreclosed properties being purchased. Most of them are in poor condition and often do not have any appliances in them. This could cause the price drop that we are seeing in condos and residential real estate. For more specific numbers on your neighborhood feel free to contact the Colorado Success Team at cosmithteam@msn.com or visit our website at www.coloradosuccessteam.com.