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  • Home prices drop 17 percent [Florida]

    11/29/2006 6:44:22 PM PST · by ex-Texan · 367 replies · 4,899+ views
    Herald Tribune ^ | 11/29/2006 | Stephen Frater and Michael Pollick
    Prices remain the story in home sales, with Sarasota-Bradenton prices falling 18 percent in October, the second biggest drop in the state. The median sales price in the Sarasota-Bradenton market was $277,900 last month, compared with $340,700 during the same month in booming 2005. The Charlotte County-North Port market was not far behind, with a drop of 17 percent, from $243,900 to $202,800. Only Fort Myers-Cape Coral took a bigger fall, posting a 44 percent decline in median sales price, from $445,100 to $249,200, the Florida Association of Realtors reported on Tuesday. The median is the point where half the...