{"id":25739,"date":"2013-02-26T08:46:05","date_gmt":"2013-02-26T16:46:05","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=25739"},"modified":"2013-02-26T08:46:05","modified_gmt":"2013-02-26T16:46:05","slug":"case-shiller-seattle-home-prices-dip-to-close-2012","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/02\/26\/case-shiller-seattle-home-prices-dip-to-close-2012\/","title":{"rendered":"Case-Shiller: Seattle Home Prices Dip to Close 2012"},"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:\/\/www.homeprice.standardandpoors.com\/\">Case-Shiller Home Price Index<\/a>.  According to November data, Seattle-area home prices were:<\/p>\n<blockquote><p><em>Down<\/em> 0.5% November to December<br \/>\n<strong>Up 8.2% YOY.<\/strong><br \/>\n<em>Down<\/em> 26.3% from the July 2007 peak<\/p><\/blockquote>\n<p>Last year prices fell 1.3% from November to December and year-over-year prices were down 5.6%.<\/p>\n<p>Nothing surprising in this month&#8217;s data.  We would expect to see a drop in December, and we did.  The drop this year was quite a bit smaller than it has been since 2006, but other than that there&#8217;s not really anything particularly noteworthy this month.<\/p>\n<p>Here&#8217;s an interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities, courtesy of <a href=\"http:\/\/public.tableausoftware.com\/\" title=\"Tableau Software\">Tableau Software<\/a>  (check and un-check the boxes on the right):<\/p>\n<div style=\"width: 600px; height: 700px; 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:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2013\/02\/26\/case-shiller-seattle-home-prices-dip-to-close-2012\/\"><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=\"604\" height=\"669\" 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:604px;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>After coming in near the top in November, Seattle dropped back down to the #17 spot for month-over-month changes in December:<\/p>\n<p style=\"width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-ShillerHPI_MOM_2012-12.png\" rel=\"lightbox[25739]\"><img loading=\"lazy\" decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-ShillerHPI_MOM_2012-12-600x436.png\" alt=\"Case-Shiller HPI: Month-to-Month\" width=\"600\" height=\"436\" 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 cities.<\/p>\n<p><!--more-->In December, ten of the twenty Case-Shiller-tracked cities gained more year-over-year than Seattle (the same number as November):<\/p>\n<ul>\n<li>Phoenix at +23.0%<\/li>\n<li>San Francisco at +14.4%<\/li>\n<li>Detroit at +13.6%<\/li>\n<li>Las Vegas at +12.9%<\/li>\n<li>Minneapolis at +12.2%<\/li>\n<li>Miami at +10.6%<\/li>\n<li>Los Angeles at +10.2%<\/li>\n<li>Atlanta, GA at +9.9%<\/li>\n<li>San Diego at +9.2%<\/li>\n<li>Denver at +8.5%<\/li>\n<\/ul>\n<p>Nine cities gained less than Seattle (or were falling) as of December: Tampa, Dallas, Portland, Washington DC, Charlotte, Boston, <a href=\"http:\/\/www.seattlepi.com\/business\/404163_economy23ww.html\" title=\"Seattle Economists: At Least We're Not Cleveland\">Cleveland<\/a>, Chicago, and New York.  New York is still the only city still falling year-over-year.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty cities through December.<\/p>\n<div style=\"width: 600px; height: 700px; 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:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2013\/02\/26\/case-shiller-seattle-home-prices-dip-to-close-2012\/\"><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=\"604\" height=\"669\" 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:604px;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=\"http:\/\/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 cities 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=\"width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-ShillerHPI_Decline-From-Peak_2012-12.png\" rel=\"lightbox[25739]\"><img loading=\"lazy\" decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-ShillerHPI_Decline-From-Peak_2012-12-600x436.png\" alt=\"Case-Shiller HPI: Decline From Peak\" width=\"600\" height=\"436\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the sixty-five months since the price peak in Seattle prices have declined 26.3%.<\/p>\n<p>Lastly, let&#8217;s see just how far back Seattle&#8217;s home prices have &#8220;rewound.&#8221;  As of December: Still basically February 2005.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-ShillerHPI_Seattle-Reverting_2012-12.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[25739]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-ShillerHPI_Seattle-Reverting_2012-12-600x436.png\" style=\"border: 0;\" title=\"Case-Shiller: Seattle Home Price Index - Click to enlarge\" alt=\"Case-Shiller: Seattle Home Price Index\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Check back tomorrow for a post on the 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>, 02.26.2013<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Seattle-area home prices were: Down 0.5% November to December Up 8.2% YOY. Down 26.3% from the July 2007 peak Last year prices fell 1.3% from November to December and year-over-year prices were down 5.6%. Nothing surprising in&#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":"On the blog: Case-Shiller: Seattle Home Prices Dip to Close 2012 http:\/\/wp.me\/pe2Bv-6H9","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":[],"class_list":["post-25739","post","type-post","status-publish","format-standard","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 Home Prices Dip to Close 2012 \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\/2013\/02\/26\/case-shiller-seattle-home-prices-dip-to-close-2012\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seattle Home Prices Dip to Close 2012 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Seattle-area home prices were: Down 0.5% November to December Up 8.2% YOY. Down 26.3% from the July 2007 peak Last year prices fell 1.3% from November to December and year-over-year prices were down 5.6%. 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