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vacation real-estate markets

Vacation real-estate markets

If you're in the market for a vacation home, the bad news is that credit is tight.

The good news? Prices have fallen. The median sale price for vacation homes was $150,000 in 2010, the National Association of Realtors reports, down 11.2% from 2009. By contrast, the median price for a primary residence fell just 4.5% in the same period.

Where can you find the best deals? Clear Capital, which specializes in real-estate asset valuation, looked at 22 popular vacation destinations in the U.S. Using areas for which consistent sale data were available, it identified 10 markets as worth watching, based on the drop in their median price per square foot since the market peak, price stability and potential for appreciation.

Here's a look at the cities where you can get the most bang for your buck — and what's for sale there, courtesy of Realtor.com.

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