Price Drop

Fort Walton Beach experienced the biggest drop in existing-condo sales prices among Florida metropolitan areas in the third quarter of 2006.

$471,700 -- Median sales price of existing condos in Fort Walton Beach in the third quarter of 2005.

$278,800 -- Median sales price in third quarter of 2006, 41% below the year-ago median.

$204,300 -- Average sales price statewide, down 3% from $210,900 a year ago.

Source: Florida Association of Realtors (media.living.net)

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