Skip to content

Seattle Bubble

local real estate news, statistics, and commentary without the sales spin.

Menu
  • Home
  • About
  • Contact
  • Reference
  • Speaking
Menu

Case-Shiller Tiers: Low Tier Still Immune to Spring

Posted on July 27, 2011July 26, 2011 by The Tim

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: < $248,198 (up 1.0%)
  • Mid Tier: $248,198 – $392,387
  • Hi Tier: > $392,387 (up 1.4%)

First up is the straight graph of the index from January 2000 through May 2011.

Case-Shiller Tiered Index - Seattle

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

Case-Shiller Tiered Index - Seattle

The low tier flipped around from the weak gains we saw last month, heading back into negative territory for another new post-peak low point. The low tier fell 1.0% MOM, the middle tier bumped up 1.9%, and the high tier gained 1.1%.

Here’s a chart of the year-over-year change in the index from January 2003 through May 2011.

Case-Shiller HPI - YOY Change in Seattle Tiers

Only the middle tier rose from last month, thanks to its strong 1.9% MOM bump. Here’s where the tiers sit YOY as of May – Low: -14.6%, Med: -10.4%, Hi: -4.5%.

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 38.3% off peak for the low tier, 31.3% off peak for the middle tier, and 26.2% off peak for the high tier.

(Home Price Indices, Standard & Poor’s, 07.26.2010)

Share:

  • Twitter
  • LinkedIn
  • Facebook
  • Reddit
  • Pinterest
  • Email

Continue Reading

Next Post:
Case-Shiller: Spring Bounce Continues Slightly Weakened
Previous Post:
July Stats Preview: Falling Foreclosures Edition

Tim’s Other Projects

Dispatches from the Multiverse

Tip Jar

Like what we're doing?

Drop us a tip!

Accounts

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2025 Seattle Bubble | Built using WordPress and Responsive Blogily theme by Superb