{"id":104047,"date":"2016-08-30T12:03:19","date_gmt":"2016-08-30T19:03:19","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104047"},"modified":"2016-08-30T12:03:19","modified_gmt":"2016-08-30T19:03:19","slug":"case-shiller-seattle-home-prices-start-summer-strong","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/08\/30\/case-shiller-seattle-home-prices-start-summer-strong\/","title":{"rendered":"Case-Shiller: Seattle Home Prices Start Summer Strong"},"content":{"rendered":"<p>Let&#8217;s have a look at the latest data from the <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/us.spindices.com\/index-family\/real-estate\/sp-case-shiller\">Case-Shiller Home Price Index<\/a>. According to June data that was released this morning, Seattle-area home prices were:<\/p>\n<blockquote><p><strong>Up<\/strong> 1.4 percent May to June<br \/>\n<strong>Up<\/strong> 11.0 percent YOY.<br \/>\n<strong>Up<\/strong> 5.3 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Over the same period last year prices were up 1.0 percent month-over-month and year-over-year prices were up 7.3 percent.<\/p>\n<p>The Seattle area&#8217;s Case-Shiller home price index hit yet another new all-time high in June, and turned in stronger numbers than a year ago across the board. This is no surprise really, given the June data we&#8217;ve already seen from public records and NWMLS.<\/p>\n<p>Here&#8217;s a <a href=\"http:\/\/public.tableausoftware.com\/\" title=\"Tableau Software\">Tableau Public<\/a> interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities. Check and un-check the boxes on the right to modify which cities are showing:<\/p>\n<div style=\"height: 800px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:704px; height:769px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/08\/30\/case-shiller-seattle-home-prices-start-summer-strong\/\"><img decoding=\"async\" alt=\"YOY Change\" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"704\" height=\"769\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"Case-Shiller-YOY&#47;YOYChange\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<div style=\"width:704px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Case-Shiller-YOY\/YOYChange\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Seattle&#8217;s rank for month-over-month changes was at #1 in March and April, dropped to #4 in May, and moved up to #2 in June.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/08\/Case-ShillerHPI_MOM_2016-06.png\" rel=\"lightbox[104047]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/08\/Case-ShillerHPI_MOM_2016-06.png\" alt=\"Case-Shiller HPI: Month-to-Month\" style=\"border:0;\" \/><\/a><\/p>\n<p>Hit the jump for the rest of our monthly Case-Shiller charts, including the interactive chart of raw index data for all 20 metro areas.<\/p>\n<p><!--more-->In June, just one of the twenty Case-Shiller-tracked metro areas gained more year-over-year than Seattle (the same as February through May):<\/p>\n<ul>\n<li>Portland at +12.6%<\/li>\n<\/ul>\n<p>The Northwest continues its reign on top as <a href=\"http:\/\/seattlebubble.com\/blog\/2008\/02\/08\/gregoire-dont-buy-into-the-self-fulfilling-dire-talk\/\" title=\"Gregoire: Don\u2019t buy into the self-fulfilling dire talk.\">literally the envy of other states<\/a>.<\/p>\n<p>The same seven cities that hit new all-time highs in April and May did so yet again in June: Boston, Seattle, Charlotte, San Francisco, Denver, Portland, and Dallas.<\/p>\n<p>Eighteen metro areas gained less than Seattle as of June: Detroit, Cleveland, Minneapolis, Chicago, Denver, New York, Dallas, Charlotte, Atlanta, Washington, Phoenix, Miami, Las Vegas, Los Angeles, Boston, Tampa, San Francisco, and San Diego.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty metro areas through June.<\/p>\n<div style=\"height: 800px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:704px; height:769px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2016\/08\/30\/case-shiller-seattle-home-prices-start-summer-strong\/\"><img decoding=\"async\" alt=\"Case-Shiller HPI \" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"704\" height=\"769\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"Case-Shiller&#47;Case-ShillerHPI\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<div style=\"width:704px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Case-Shiller\/Case-ShillerHPI\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Here&#8217;s an update to the peak-decline graph, inspired by a graph <a title=\"Comment by CrystalBall\" href=\"http:\/\/seattlebubble.com\/blog\/2008\/01\/29\/case-shiller-november-seattle-playing-catch-up\/#comment-38661\">created by reader CrystalBall<\/a>. This chart takes the twelve metro areas whose peak index was greater than 175, and tracks how far they have fallen so far from their peak. The horizontal axis shows the total number of months since each individual city peaked.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/08\/Case-ShillerHPI_Decline-From-Peak_2016-06.png\" rel=\"lightbox[104047]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/08\/Case-ShillerHPI_Decline-From-Peak_2016-06.png\" alt=\"Case-Shiller HPI: Decline From Peak\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the 107 months since the price peak in Seattle prices are up 5.3 percent.<\/p>\n<p>Lastly, let&#8217;s see how Seattle&#8217;s current prices compare to the previous bubble inflation and subsequent burst. Note that this chart does not adjust for inflation.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/08\/Case-ShillerHPI_Seattle-Reverting_2016-06.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[104047]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/08\/Case-ShillerHPI_Seattle-Reverting_2016-06.png\" style=\"border: 0;\" title=\"Case-Shiller: Seattle Home Price Index - Click to enlarge\" alt=\"Case-Shiller: Seattle Home Price Index\" \/><\/a><\/p>\n<p>Check back tomorrow for our monthly look at Case-Shiller data for Seattle&#8217;s price tiers.<\/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>, 2016-08-30<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. According to June data that was released this morning, Seattle-area home prices were: Up 1.4 percent May to June Up 11.0 percent YOY. Up 5.3 percent from the July 2007 peak Over the same period last year prices were up 1.0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":104049,"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: Seattle Home Prices Start Summer Strong","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":[136,86,222,200,531],"coauthors":[1158],"class_list":["post-104047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-california","tag-case-shiller","tag-graphs","tag-statistics","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Case-Shiller: Seattle Home Prices Start Summer Strong \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\/08\/30\/case-shiller-seattle-home-prices-start-summer-strong\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seattle Home Prices Start Summer Strong \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. 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