{"id":24563,"date":"2012-10-31T08:36:21","date_gmt":"2012-10-31T15:36:21","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=24563"},"modified":"2012-10-31T08:36:21","modified_gmt":"2012-10-31T15:36:21","slug":"case-shiller-tiers-low-tier-hits-break-even","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/10\/31\/case-shiller-tiers-low-tier-hits-break-even\/","title":{"rendered":"Case-Shiller Tiers: Low Tier Hits Break-Even"},"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; $256,839 <em>(up 0.2%)<\/em><\/li>\n<li><strong>Mid Tier:<\/strong> $256,839 &#8211; $411,182<\/li>\n<li><strong>Hi Tier:<\/strong> &gt; $411,182 <em>(up 0.4%)<\/em><\/li>\n<\/ul>\n<p>First up is the straight graph of the index from January 2000 through August 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\/10\/Case-Shiller_SeaTiers_2012-08.png\" rel=\"lightbox[24563]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/10\/Case-Shiller_SeaTiers_2012-08-600x436.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\/10\/Case-Shiller_SeaTiers-Zoomed_2012-08.png\" rel=\"lightbox[24563]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/10\/Case-Shiller_SeaTiers-Zoomed_2012-08-600x436.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>The seasonal slow-down is only affecting the middle and high tiers so far.  Between July and August, the low tier rose 1.9%, the middle tier was flat, and the high tier lost 0.1%.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from January 2003 through August 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\/10\/Case-Shiller_SeaTiers-YOY_2012-08.png\" rel=\"lightbox[24563]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/10\/Case-Shiller_SeaTiers-YOY_2012-08-600x436.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>Just as we predicted last month, the low tier inched back out of the red in August, hitting exactly the same point as August 2011.  All three tiers are now officially no longer in decline.  Here&#8217;s where the tiers sit YOY as of August &#8211; Low: 0.0%, Med: +1.9%, Hi: +4.6%.<\/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\/10\/Case-Shiller_SeaTiers-PeakDrop_2012-08.png\" rel=\"lightbox[24563]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/10\/Case-Shiller_SeaTiers-PeakDrop_2012-08-600x436.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 38.9% off peak for the low tier, 29.6% off peak for the middle tier, and 22.5% 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>, 10.30.2012<\/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-24563","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 Hits Break-Even \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\/10\/31\/case-shiller-tiers-low-tier-hits-break-even\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: Low Tier Hits Break-Even \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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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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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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