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…
Category: Statistics
Statistics, number-based analysis, etc.
Case-Shiller: 2011 Heads Out with a Fizzle
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Seattle-area home prices were: Down 1.3% November to December. Down 5.6% YOY. Down 31.9% from the July 2007 peak Last year prices fell 2.0% from November to December and year-over-year prices were down 6.0%. Still nothing too…
Local Home Prices Outpaced by Inflation since 2000
A commenter brought up an interesting point over the weekend: I thought Case-Shiller showed that over time dwellings gained nothing more than inflation. Let’s see how Seattle’s Case-Shiller index has performed compared to inflation since 2000. In the chart below I’ve plotted Seattle’s Case-Shiller Home Price Index (which comes from the factory indexed to January…
Bottom-Calling Checkup: Finally Almost There
Full disclosure: The Tim is employed by Redfin. It’s been quite a while since we checked in on the various bottom-calling methods I introduced way back in February 2009, so let’s take a look. First off, here’s the official forecast I made in my wrap-up post: So my personal bottom call for the Seattle real…
Foreclosures Ticked Up Slightly in January
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at January’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2012 King: 417 NTS, down 55.1% YOY Snohomish: 235 NTS, down 50.9% YOY Pierce: 282 NTS, down 48.3% YOY Still…