{"id":103914,"date":"2016-06-29T11:23:51","date_gmt":"2016-06-29T18:23:51","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=103914"},"modified":"2016-07-07T09:21:04","modified_gmt":"2016-07-07T16:21:04","slug":"case-shiller-tiers-low-tier-still-previous-peak","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/","title":{"rendered":"Case-Shiller Tiers: Only Low Tier Still Below Previous Peak"},"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; $314,170 <em>(up 1.6%)<\/em><\/li>\n<li><strong>Mid Tier:<\/strong> $314,170 &#8211; $503,190<\/li>\n<li><strong>Hi Tier:<\/strong> &gt; $503,190 <em>(up 1.9%)<\/em><\/li>\n<\/ul>\n<p>First up is the straight graph of the index from January 2000 through April 2016.<\/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\/2016\/06\/Case-Shiller_SeaTiers_2016-04.png\" rel=\"lightbox[103914]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers_2016-04.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\/2016\/06\/Case-Shiller_SeaTiers-Zoomed_2016-04.png\" rel=\"lightbox[103914]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-Zoomed_2016-04.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 increased once again in April.<\/p>\n<p>Between March and April, the low tier increased 1.9 percent, the middle tier rose 2.2 percent, and the high tier was up 2.0 percent.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from January 2003 through April 2016.<\/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\/2016\/06\/Case-Shiller_SeaTiers-YOY_2016-04.png\" rel=\"lightbox[103914]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-YOY_2016-04.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 in April was larger than it was in March for the high tier, but dropped slightly for the low and middle tiers. All three tiers are still seeing double-digit year-over-year price increases. Here&#8217;s where the tiers sit YOY as of April &#8211; Low: +10.6 percent, Med: +11.3 percent, Hi: +10.3 percent.<\/p>\n<p>Lastly, here&#8217;s a decline-from-peak graph like the one posted yesterday 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\/2016\/06\/Case-Shiller_SeaTiers-PeakDrop_2016-04.png\" rel=\"lightbox[103914]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-PeakDrop_2016-04.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 7.1 percent off peak for the low tier, at peak for the middle tier, and 6.2 percent <strong>above<\/strong> the 2007 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>, 2016-06-28<\/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.<\/p>\n<p>Between March and April, the low tier increased 1.9 percent, the middle tier rose 2.2 percent, and the high tier was up 2.0 percent.<\/p>\n","protected":false},"author":2,"featured_media":103917,"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: Only Low Tier Still Below Previous Peak","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":[1158],"class_list":["post-103914","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: Only Low Tier Still Below Previous Peak \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\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: Only Low Tier Still Below Previous Peak \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.  Between March and April, the low tier increased 1.9 percent, the middle tier rose 2.2 percent, and the high tier was up 2.0 percent.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-Zoomed_2016-04.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/\",\"name\":\"Case-Shiller Tiers: Only Low Tier Still Below Previous Peak \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-Zoomed_2016-04.png\",\"datePublished\":\"2016-06-29T18:23:51+00:00\",\"dateModified\":\"2016-07-07T16:21:04+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-Zoomed_2016-04.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/06\/Case-Shiller_SeaTiers-Zoomed_2016-04.png\",\"width\":915,\"height\":666},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/06\/29\/case-shiller-tiers-low-tier-still-previous-peak\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case-Shiller Tiers: Only Low Tier Still Below Previous Peak\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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