{"id":104599,"date":"2017-06-29T09:21:21","date_gmt":"2017-06-29T16:21:21","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104599"},"modified":"2017-06-29T09:21:21","modified_gmt":"2017-06-29T16:21:21","slug":"case-shiller-tiers-prices-tiers-skyrocket-2017","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/06\/29\/case-shiller-tiers-prices-tiers-skyrocket-2017\/","title":{"rendered":"Case-Shiller Tiers: Prices In All Tiers Skyrocket in 2017"},"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; $350,258 <em>(up 2.0%)<\/em><\/li>\n<li><strong>Mid Tier:<\/strong> $350,258 &#8211; $562,455<\/li>\n<li><strong>Hi Tier:<\/strong> &gt; $562,455 <em>(up 2.4%)<\/em><\/li>\n<\/ul>\n<p>First up is the straight graph of the index from January 2000 through April 2017.<\/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\/2017\/06\/Case-Shiller_SeaTiers_2017-04.png\" rel=\"lightbox[104599]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/06\/Case-Shiller_SeaTiers_2017-04.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\/2017\/06\/Case-Shiller_SeaTiers-Zoomed_2017-04.png\" rel=\"lightbox[104599]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/06\/Case-Shiller_SeaTiers-Zoomed_2017-04.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 have basically been skyrocketing month-over-month since January. Not a great sign for anyone hoping for a slowdown this year.<\/p>\n<p>Between March and April, the low tier increased 2.3 percent, the middle tier rose 2.8 percent, and the high tier was up 2.5 percent.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from January 2003 through April 2017.<\/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\/2017\/06\/Case-Shiller_SeaTiers-YOY_2017-04.png\" rel=\"lightbox[104599]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/06\/Case-Shiller_SeaTiers-YOY_2017-04.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 hit a three-year high in the low and middle tiers, and the highest point since <strong>October 2006<\/strong> in the high tier. Here&#8217;s where the tiers sit YOY as of April &#8211; Low: +13.5 percent, Med: +12.8 percent, Hi: +12.6 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. All three tiers are now above their previous peak levels.<\/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\/2017\/06\/Case-Shiller_SeaTiers-PeakDrop_2017-04.png\" rel=\"lightbox[104599]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/06\/Case-Shiller_SeaTiers-PeakDrop_2017-04.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 5.5 percent above the 2007 peak for the low tier, 12.8 percent above the 2007 peak for the middle tier, and 19.5 percent above 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>, 2017-06-27<\/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 have basically been skyrocketing month-over-month since January. Not a great sign for anyone hoping for a slowdown this year.<\/p>\n","protected":false},"author":2,"featured_media":104601,"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: Prices In All Tiers Skyrocket in 2017","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-104599","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 Tiers: Prices In All Tiers Skyrocket in 2017 \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\/2017\/06\/29\/case-shiller-tiers-prices-tiers-skyrocket-2017\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: Prices In All Tiers Skyrocket in 2017 \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 have basically been skyrocketing month-over-month since January. 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