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: All Three Tiers Powered Up In June

Posted on August 31, 2016 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: < $322,535 (up 1.3%)
  • Mid Tier: $322,535 – $515,661
  • Hi Tier: > $515,661 (up 1.2%)

First up is the straight graph of the index from January 2000 through June 2016.

Case-Shiller Tiered Index - Seattle

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

Case-Shiller Tiered Index - Seattle

All three tiers were still rising steadily as of June.

Between May and June, the low tier increased 1.9 percent, the middle tier rose 1.7 percent, and the high tier was up 1.2 percent.

Here’s a chart of the year-over-year change in the index from January 2003 through June 2016.

Case-Shiller HPI - YOY Change in Seattle Tiers

Year-over-year price growth in June was larger than it was in May for all three tiers. Prices in all three tiers are still double-digits above last year’s levels. Here’s where the tiers sit YOY as of June – Low: +11.6 percent, Med: +11.4 percent, Hi: +10.8 percent.

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

Case-Shiller: Decline from Peak - Seattle Tiers

Current standing is 3.9 percent below peak for the low tier, 3.5 percent above the 2007 peak for the middle tier, and 8.6 percent above the 2007 peak for the high tier.

(Home Price Indices, Standard & Poor’s, 2016-08-30)

Share:

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

Continue Reading

Next Post:
Case-Shiller: Seattle Home Prices Start Summer Strong
Previous Post:
NWMLS: Sales Up, Listings Down in August

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
Menu
  • Home
  • About
  • Contact
  • Reference
  • Speaking