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DENVER-At a time when the average price of a single-family home in the Denver area hit an all-time high of $274,905, the average price of a condominium sold in July fell to $167,798, down from the record $171,200 in June. The report by Coldwell Banker Residential Brokerage is based on MultiList numbers that are released on the last Thursday of each month.

Coldwell Banker adjusts the figures for months with a full four and five weeks.

July’s result is most likely a result of the mix that the average single-family home average was driven to a new high, given that the local economy has been going south for the past couple of years.

On the other hand, a number of brokers say people have been getting out of the stock market and putting their money into real estate.But in some respects, it is even more surprising that condominium prices aren’t moving in lockstep with single-family home price.

“I think it is somewhat of an anomaly,” Chris Mygatt, executive vice president of Coldwell Banker, tells GlobeSt.com. “Condos, for the most part, are very attractive to first-time buyers, who might be priced out of the single-family home market. And they are the ones who benefit the most from our historical low interest rates.

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