{"id":105049,"date":"2018-03-27T17:20:18","date_gmt":"2018-03-28T00:20:18","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105049"},"modified":"2018-03-28T10:49:06","modified_gmt":"2018-03-28T17:49:06","slug":"case-shiller-seattle-kicks-off-2018-with-surging-home-prices","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/","title":{"rendered":"Case-Shiller: Seattle kicks off 2018 with surging home prices"},"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 January data that was released this week, Seattle-area home prices were:<\/p>\n<blockquote><p><strong>Up<\/strong> 0.7 percent December to January<br \/>\n<strong>Up<\/strong> 12.9 percent year-over-year.<br \/>\n<strong>Up<\/strong> 21.8 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.3 percent.<\/p>\n<p>Seattle still leads the nation in year-over-year price growth. The only other metro areas with double-digit price growth from a year earlier are Las Vegas at 11.1 percent and San Francisco at 10.3 percent.<\/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=\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/\"><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 fell off steeply late last year but in January it surged back to #2.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" href=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_MOM_2018-01.png\" rel=\"lightbox[105049]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_MOM_2018-01.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-->Seattle&#8217;s year-over-year price growth has now been the highest in the nation for over a year, ever since passing Portland in September 2016.<\/p>\n<p>Seven metro areas hit new all-time highs in January: San Francisco, Denver, Atlanta, Charlotte, Portland, Dallas, and Seattle.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty metro areas through January.<\/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=\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/\"><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=\"https:\/\/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=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Decline-From-Peak_2018-01.png\" rel=\"lightbox[105049]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Decline-From-Peak_2018-01.png\" alt=\"Case-Shiller HPI: Decline From Peak\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the 126 months since the 2007 price peak in Seattle prices are up 21.8 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=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Seattle-Reverting_2018-01.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[105049]\"><img decoding=\"async\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Seattle-Reverting_2018-01.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>Here are a couple stories about this month&#8217;s numbers:<\/p>\n<ul>\n<li><strong>Seattle Times:<\/strong> <a href=\"https:\/\/www.seattletimes.com\/business\/real-estate\/seattle-area-home-market-heats-up-yet-again-leading-the-country-for-17th-straight-month\/\">Seattle-area home market heats up yet again, leading the country for 17th straight month<\/a><\/li>\n<li><strong>GeekWire:<\/strong> <a href=\"https:\/\/www.geekwire.com\/2018\/seattle-home-price-gains-lead-nation-17th-month-row\/\" title=\"Seattle home price gains lead the nation for 17th month in a row\">Seattle home price gains lead the nation for 17th month in a row<\/a><\/li>\n<\/ul>\n<p>Check back tomorrow for our 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>, 2018-03-27<\/em>)<\/p>\n","protected":false},"excerpt":{"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 January data that was released this week, Seattle-area home prices were:<\/p>\n<blockquote><p><strong>Up<\/strong> 0.7 percent December to January<br \/>\n<strong>Up<\/strong> 12.9 percent year-over-year.<br \/>\n<strong>Up<\/strong> 21.8 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.3 percent.<\/p>\n<p>Seattle still leads the nation in year-over-year price growth. The only other metro areas with double-digit price growth from a year earlier are Las Vegas at 11.1 percent and San Francisco at 10.3 percent.<\/p>\n","protected":false},"author":2,"featured_media":105052,"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 kicks off 2018 with surging home prices","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-105049","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 kicks off 2018 with surging home prices \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\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seattle kicks off 2018 with surging home prices \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#039;s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released this week, Seattle-area home prices were:  Up 0.7 percent December to January Up 12.9 percent year-over-year. Up 21.8 percent from the July 2007 peak Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.3 percent.  Seattle still leads the nation in year-over-year price growth. The only other metro areas with double-digit price growth from a year earlier are Las Vegas at 11.1 percent and San Francisco at 10.3 percent.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Seattle-Reverting_2018-01.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/\",\"name\":\"Case-Shiller: Seattle kicks off 2018 with surging home prices \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Seattle-Reverting_2018-01.png\",\"datePublished\":\"2018-03-28T00:20:18+00:00\",\"dateModified\":\"2018-03-28T17:49:06+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Seattle-Reverting_2018-01.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/03\/Case-ShillerHPI_Seattle-Reverting_2018-01.png\",\"width\":915,\"height\":666},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/03\/27\/case-shiller-seattle-kicks-off-2018-with-surging-home-prices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case-Shiller: Seattle kicks off 2018 with surging home prices\"}]},{\"@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. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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According to January data that was released this week, Seattle-area home prices were:  Up 0.7 percent December to January Up 12.9 percent year-over-year. Up 21.8 percent from the July 2007 peak Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.3 percent.  Seattle still leads the nation in year-over-year price growth. 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