{"id":21581,"date":"2012-09-26T08:14:05","date_gmt":"2012-09-26T15:14:05","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=21581"},"modified":"2012-09-26T08:14:05","modified_gmt":"2012-09-26T15:14:05","slug":"case-shiller-tiers-low-tier-nearly-in-the-black","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/09\/26\/case-shiller-tiers-low-tier-nearly-in-the-black\/","title":{"rendered":"Case-Shiller Tiers: Low Tier Nearly in the Black"},"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:\/\/www2.standardandpoors.com\/spf\/pdf\/index\/SP_CS_Home_Price_Indices_Methodology_Web.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; $256,269 <em>(up 1.9%)<\/em><\/li>\n<li><strong>Mid Tier:<\/strong> $256,269 &#8211; $409,553<\/li>\n<li><strong>Hi Tier:<\/strong> &gt; $409,553 <em>(up 2.1%)<\/em><\/li>\n<\/ul>\n<p>First up is the straight graph of the index from January 2000 through June 2012.<\/p>\n<p style=\"width: 600px; 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\/2012\/09\/Case-Shiller_SeaTiers_2012-07.png\" rel=\"lightbox[21581]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/Case-Shiller_SeaTiers_2012-07-600x436.png\" title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" alt=\"Case-Shiller Tiered Index - Seattle\" style=\"border:0;\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Here&#8217;s a zoom-in, showing just the last year:<\/p>\n<p style=\"width: 600px; 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\/2012\/09\/Case-Shiller_SeaTiers-Zoomed_2012-07.png\" rel=\"lightbox[21581]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/Case-Shiller_SeaTiers-Zoomed_2012-07-600x436.png\" title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" alt=\"Case-Shiller Tiered Index - Seattle\" style=\"border:0;\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>All three tiers keep gaining ground.  Between June and July, the low tier rose 2.5%, the middle tier increased 1.3%, and the high tier gained 1.4%.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from January 2003 through July 2012.<\/p>\n<p style=\"width: 600px; 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\/2012\/09\/Case-Shiller_SeaTiers-YOY_2012-07.png\" rel=\"lightbox[21581]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/Case-Shiller_SeaTiers-YOY_2012-07-600x436.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;\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>The low tier is still the only one not yet back in black.  Given the recent trend it would not be surprising to see it hit that point with next month&#8217;s data.  Here&#8217;s where the tiers sit YOY as of July &#8211; Low: -1.8%, Med: +1.7%, Hi: +4.1%.<\/p>\n<p>Lastly, here&#8217;s a decline-from-peak graph like the one posted yesterday, but looking only at the Seattle tiers.<\/p>\n<p style=\"width: 600px; 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\/2012\/09\/Case-Shiller_SeaTiers-PeakDrop_2012-07.png\" rel=\"lightbox[21581]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/Case-Shiller_SeaTiers-PeakDrop_2012-07-600x436.png\" title=\"Case-Shiller: Decline from Peak - Seattle Tiers - Click to enlarge\" alt=\"Case-Shiller: Decline from Peak - Seattle Tiers\" style=\"border:0;\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Current standing is 40.1% off peak for the low tier, 29.7% off peak for the middle tier, and 22.4% off 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:\/\/www.homeprice.standardandpoors.com\/\">Standard &amp; Poor&#8217;s<\/a>, 09.25.2012<\/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. Note that the tiers are determined by sale volume. In other words, 1\/3 of all sales fall into each tier. For more details&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"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":false,"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":[],"class_list":["post-21581","post","type-post","status-publish","format-standard","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 Nearly in the Black \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\/2012\/09\/26\/case-shiller-tiers-low-tier-nearly-in-the-black\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: Low Tier Nearly in the Black \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"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. Note that the tiers are determined by sale volume. In other words, 1\/3 of all sales fall into each tier. 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Remember, Case-Shiller&#8217;s &#8220;Seattle&#8221; data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1\/3 of all sales fall into each tier. 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