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: < $265,614 (up 2.6%)
- Mid Tier: $265,614 – $425,979
- Hi Tier: > $425,979 (up 2.6%)
First up is the straight graph of the index from January 2000 through April 2013.
Here’s a zoom-in, showing just the last year:
All three tiers continued to rise in April, with the middle tier again gaining the most. Between March and April, the low tier rose 2.6%, the middle tier was up 3.8%, and the high tier gained 2.0%.
Here’s a chart of the year-over-year change in the index from January 2003 through April 2013.
The middle tier was the biggest gainer in year-over-year growth between March and April. Here’s where the tiers sit YOY as of April – Low: +14.0%, Med: +14.7%, Hi: +11.4%.
Lastly, here’s a decline-from-peak graph like the one posted yesterday, but looking only at the Seattle tiers.
Current standing is 35.1% off peak for the low tier, 23.9% off peak for the middle tier, and 19.0% off peak for the high tier.
(Home Price Indices, Standard & Poor’s, 06.25.2013)