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!