Case-Shiller Tiers: Low Tier Inched Up in January

Case-Shiller Tiers: Low Tier Inched Up in January

Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.

Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details on the tier methodologies, hit the full methodology pdf. Here are the current tier breakpoints:

  • Low Tier: < $254,140 (down 0.8%)
  • Mid Tier: $254,140 – $405,866
  • Hi Tier: > $405,866 (down 0.6%)

First up is the straight graph of the index from January 2000 through January 2013.

Case-Shiller Tiered Index - Seattle

Here’s a zoom-in, showing just the last year:

Case-Shiller Tiered Index - Seattle

The middle and high tiers dropped slightly in January, but the low tier actually gained a bit. Between December and January, the low tier rose 0.4%, the middle tier was down 0.4%, and the high tier lost 0.1%.

Here’s a chart of the year-over-year change in the index from January 2003 through January 2013.

Case-Shiller HPI - YOY Change in Seattle Tiers

The low tier gained nearly four percentage points in the year-over-year standings between December and January. Here’s where the tiers sit YOY as of January – Low: +9.0%, Med: +11.1%, Hi: +8.7%.

Lastly, here’s a decline-from-peak graph like the one posted yesterday, but looking only at the Seattle tiers.

Case-Shiller: Decline from Peak - Seattle Tiers

Current standing is 38.2% off peak for the low tier, 28.6% off peak for the middle tier, and 22.5% off peak for the high tier.

(Home Price Indices, Standard & Poor’s, 03.26.2013)

  

About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

2 comments:

  1. 1
    Scotsman says:

    Hello? Hello? Anyone?

    Oh, no- not this:

    http://www.esquire.com/fiction/fiction/ray-bradbury-last-night-of-the-world-0251

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  2. 2

    RE: Scotsman @ 1

    Some of the Best Science Fiction came Out During the 50s

    Maybe today’s apocolypse tales aren’t the quality of the oldies….but the Night of the Living Dead [home buyers in a low inventory market] do remind me of zombies, they’ll eat any flesh still left….they’re not picky.

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