{"id":105362,"date":"2018-09-26T06:00:50","date_gmt":"2018-09-26T13:00:50","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105362"},"modified":"2018-10-01T07:19:54","modified_gmt":"2018-10-01T14:19:54","slug":"case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/","title":{"rendered":"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped"},"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=\"https:\/\/us.spindices.com\/documents\/methodologies\/methodology-sp-corelogic-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; $410,654 <em>(up 0.5%)<\/em><\/li>\n<li><strong>Mid Tier:<\/strong> $410,654 &#8211; $660,032<\/li>\n<li><strong>Hi Tier:<\/strong> &gt; $660,032 <em>(up 0.05%)<\/em><\/li>\n<\/ul>\n<p>First up is the straight graph of the index from January 2000 through July 2018.<\/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\/2018\/09\/Case-Shiller_SeaTiers_2018-07.png\" rel=\"lightbox[105362]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers_2018-07.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\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png\" rel=\"lightbox[105362]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png\" title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" alt=\"Case-Shiller Tiered Index - Seattle\" style=\"border:0;\" \/><\/a><\/p>\n<p>Only the low tier was up month-over-month once more in July. The middle tier and high tier both fell.<\/p>\n<p>Between June and July, the low tier increased 0.6 percent, the middle tier fell 0.1 percent, and the high tier dropped 0.2 percent.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from January 2003 through July 2018.<\/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\/2018\/09\/Case-Shiller_SeaTiers-YOY_2018-07.png\" rel=\"lightbox[105362]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-YOY_2018-07.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 down compared to June in all three tiers, but they were all still in double-digit territory. Here&#8217;s where the tiers sit YOY as of July &#8211; Low: +16.0 percent, Med: +11.9 percent, Hi: +10.6 percent.<\/p>\n<p>Lastly, here&#8217;s a change-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\/2018\/09\/Case-Shiller_SeaTiers-PeakDrop_2018-07.png\" rel=\"lightbox[105362]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-PeakDrop_2018-07.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 28.3 percent above the 2007 peak for the low tier, 31.8 percent above for the middle tier, and 34.7 percent above 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>, 2018-09-25<\/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>Only the low tier was up month-over-month once more in July. The middle tier and high tier both fell\u2026<\/p>\n","protected":false},"author":2,"featured_media":105365,"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":"","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-105362","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: Low tier home prices edged up in July as mid and high tiers slipped \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\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped \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.  Only the low tier was up month-over-month once more in July. The middle tier and high tier both fell\u2026\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.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\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/\",\"name\":\"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png\",\"datePublished\":\"2018-09-26T13:00:50+00:00\",\"dateModified\":\"2018-10-01T14:19:54+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png\",\"width\":1491,\"height\":906},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped\"}]},{\"@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. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.\",\"sameAs\":[\"http:\/\/SeattleBubble.com\/\",\"http:\/\/facebook.com\/is.totally.pointless\",\"https:\/\/x.com\/The_Tim\"],\"url\":\"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped \u2022 Seattle Bubble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/","twitter_card":"summary_large_image","twitter_title":"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped \u2022 Seattle Bubble","twitter_description":"Let's check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller's \"Seattle\" data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.  Only the low tier was up month-over-month once more in July. The middle tier and high tier both fell\u2026","twitter_image":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/","url":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/","name":"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#primaryimage"},"thumbnailUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png","datePublished":"2018-09-26T13:00:50+00:00","dateModified":"2018-10-01T14:19:54+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png","width":1491,"height":906},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2018\/09\/26\/case-shiller-tiers-low-tier-home-prices-edged-up-in-july-as-mid-and-high-tiers-slipped\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Case-Shiller Tiers: Low tier home prices edged up in July as mid and high tiers slipped"}]},{"@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. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.","sameAs":["http:\/\/SeattleBubble.com\/","http:\/\/facebook.com\/is.totally.pointless","https:\/\/x.com\/The_Tim"],"url":"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-Shiller_SeaTiers-Zoomed_2018-07.png","jetpack_shortlink":"https:\/\/wp.me\/p6wh0F-rpo","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/105362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/comments?post=105362"}],"version-history":[{"count":0,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/105362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media\/105365"}],"wp:attachment":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media?parent=105362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/categories?post=105362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/tags?post=105362"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/coauthors?post=105362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}