The Chart above shows the disparity of Average Home Sale Price by isolating the data based on whether the home was in Foreclosure (REO), a Short Sale, or a “Conventional” Sale….my term for all homes sold that were “Non-Distressed” Sales.  Data is derived from local MLS which did not differentiate prior to June 2008 so the numbers above include all homes sold from  July 1 2008-Feb 12, 2009.

Note: In Montclair one of the 7 Short Sales sold for $2,250,000 which skews the numbers a bit.