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Florida Home Prices Dropping

Jun18
2010
Leave a Comment Written by Shanna

florida

According to a recent article at HousingWatch.com, Florida house prices are dropping, even in the state’s most expensive city: Key West.

What was once an impossible location for many buyers in the Sunshine State has become surprisingly attainable. A Miami Herald article cites a couple who “paid $157,000 for the foreclosure that an investor bought in 2004 for $370,000 and in 2006 was appraised for $463,000.”

So while it’s true these numbers reflect problems in the market, it’s also true that they offer good news for those looking to make the most of the downturn.

    For a few currently for-sale homes in Key West, check out these listing:

  • $375K: Vacant waterfront lot
  • $350K: ROGO exempt buildable waterfront lot
  • $132,900: Beautiful condo in adult community, 5 minutes from Key West

And for abundant listings throughout Florida and other states, head over to BuyOwner.com and begin searching!

Related Reading

  • Dunedin Named Top Waterfront Retirement Locale
  • Why To Buy That $80K House
  • Don’t Wait to Invest, Part 1
  • What the Market Means for Sellers Now
Posted in Market News, Tips and Ideas - Tagged florida, home ownership, real estate, real estate market
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