{"id":103473,"date":"2015-11-25T10:18:50","date_gmt":"2015-11-25T18:18:50","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=103473"},"modified":"2015-12-01T10:00:51","modified_gmt":"2015-12-01T18:00:51","slug":"case-shiller-tiers-high-tier-nearly-back-peak-pricing","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/11\/25\/case-shiller-tiers-high-tier-nearly-back-peak-pricing\/","title":{"rendered":"Case-Shiller Tiers: High Tier Nearly Back to Peak Pricing"},"content":{"rendered":"<p>Let&#8217;s check out the three price tiers for the Seattle area, as measured by Case-Shiller.  Remember, Case-Shiller&#8217;s &#8220;Seattle&#8221; data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.<\/p>\n<p>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 <a href=\"http:\/\/us.spindices.com\/documents\/methodologies\/methodology-sp-cs-home-price-indices.pdf\" title=\"S&#038;P\/Case-Shiller Home Price Indices: Index Methodology\">the full methodology pdf<\/a>.  Here are the current tier breakpoints:<\/p>\n<ul>\n<li><strong>Low Tier:<\/strong> &lt; $304,986 <em>(up 0.3%)<\/em><\/li>\n<li><strong>Mid Tier:<\/strong> $304,986 &#8211; $483,799<\/li>\n<li><strong>Hi Tier:<\/strong> &gt; $483,799 <em>(up 0.1%)<\/em><\/li>\n<\/ul>\n<p>First up is the straight graph of the index from January 2000 through September 2015.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers_2015-09.png\" rel=\"lightbox[103473]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers_2015-09.png\" title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" alt=\"Case-Shiller Tiered Index - Seattle\" style=\"border:0;\" \/><\/a><\/p>\n<p>Here&#8217;s a zoom-in, showing just the last year:<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers-Zoomed_2015-09.png\" rel=\"lightbox[103473]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers-Zoomed_2015-09.png\" title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" alt=\"Case-Shiller Tiered Index - Seattle\" style=\"border:0;\" \/><\/a><\/p>\n<p>All three tiers were up month-over-month yet again in September, however in the low and high tiers the gains were considerably smaller than a month earlier. The high tier saw the smallest gain of the group.<\/p>\n<p>Between August and September, the low tier increased 0.3 percent, the middle tier rose 0.3 percent, and the high tier gained 0.2 percent.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from January 2003 through September 2015.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI - YOY Change in Seattle Tiers - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers-YOY_2015-09.png\" rel=\"lightbox[103473]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers-YOY_2015-09.png\" title=\"Case-Shiller HPI - YOY Change in Seattle Tiers - Click to enlarge\" alt=\"Case-Shiller HPI - YOY Change in Seattle Tiers\" style=\"border:0;\" \/><\/a><\/p>\n<p>Year-over-year price growth was up in the middle and high tiers compared to August, but down in the low tier. Here&#8217;s where the tiers sit YOY as of September &#8211; Low: +9.0 percent, Med: +7.9 percent, Hi: +8.4 percent.<\/p>\n<p>Lastly, here&#8217;s a decline-from-peak graph like the one posted earlier this week for the various Case-Shiller markets, but looking only at the Seattle tiers.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller: Decline from Peak - Seattle Tiers - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers-PeakDrop_2015-09.png\" rel=\"lightbox[103473]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/11\/Case-Shiller_SeaTiers-PeakDrop_2015-09.png\" title=\"Case-Shiller: Decline from Peak - Seattle Tiers - Click to enlarge\" alt=\"Case-Shiller: Decline from Peak - Seattle Tiers\" style=\"border:0;\" \/><\/a><\/p>\n<p>Current standing is 12.9 percent off peak for the low tier, 6.4 percent off peak for the middle tier, and 0.8 percent off peak for the high tier.<\/p>\n<p>(<em>Home Price Indices, <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/us.spindices.com\/index-family\/real-estate\/sp-case-shiller\">Standard &amp; Poor&#8217;s<\/a>, 2015-11-24<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s check out the three price tiers for the Seattle area, as measured by Case-Shiller.  Remember, Case-Shiller&#8217;s &#8220;Seattle&#8221; data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.<\/p>\n<p>All three tiers were up month-over-month yet again in September, however in the low and high tiers the gains were considerably smaller than a month earlier. The high tier saw the smallest gain of the group&#8230;<\/p>\n","protected":false},"author":2,"featured_media":103476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: Case-Shiller Tiers: High Tier Nearly Back to Peak Pricing","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[86,200,334],"coauthors":[],"class_list":["post-103473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-case-shiller","tag-statistics","tag-tiers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Case-Shiller Tiers: High Tier Nearly Back to Peak Pricing \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2015\/11\/25\/case-shiller-tiers-high-tier-nearly-back-peak-pricing\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: High Tier Nearly Back to Peak Pricing \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#039;s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller&#039;s &quot;Seattle&quot; data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.  All three tiers were up month-over-month yet again in September, however in the low and high tiers the gains were considerably smaller than a month earlier. 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Remember, Case-Shiller's \"Seattle\" data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.  All three tiers were up month-over-month yet again in September, however in the low and high tiers the gains were considerably smaller than a month earlier. 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