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 Dripped Most in December

Posted on February 26, 2014February 26, 2014 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: < $283,101 (down 0.9%)
  • Mid Tier: $283,101 – $444,476
  • Hi Tier: > $444,476 (down 1.1%)

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

Case-Shiller Tiered Index - Seattle

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

Case-Shiller Tiered Index - Seattle

After gaining the most during the summar months, the low tier fell the most in December. Between November and December, the low tier fell 1.0, the middle tier dropped 0.2%, and the high tier lost 0.6%.

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

Case-Shiller HPI - YOY Change in Seattle Tiers

Year-over-year changes were virtually unchanged for all three tiers in December. Here’s where the tiers sit YOY as of December – Low: +20.0%, Med: +14.4%, Hi: +10.2%.

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 26.2% off peak for the low tier, 18.1% off peak for the middle tier, and 14.5% off peak for the high tier.

(Home Price Indices, Standard & Poor’s, 02.25.2014)

Share:

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

Continue Reading

Next Post:
Case-Shiller: Home Prices End 2013 On a Dip
Previous Post:
February Stats Preview: Slow Start 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