The impact of the short-sale fraud is becoming more obvious. It was at its worst in 2012, and though there has been some rebound this year, the short-sale average pricing is still well below the rest:
NSDCC detached homes sold between June 1-to-August 31:
| Year | |||||
| 2009 | |||||
| 2010 | |||||
| 2011 | |||||
| 2012 | |||||
| 2013 |
Fewer distressed properties selling for below-market prices this year has contributed to the spectacular rise in the cost-per-sf statistics – without them the year-over-year comparisions are going to flatten out.
