Category: Case-Shiller Index

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Case-Shiller’s December Report: 10th consecutive increase

The December report of the Case-Shiller Index for the 5-County SF Metro Area was released today, showing its 10th consecutive increase. In the high-tier-price index, which applies to the city better than their other indexes, but still understates the increases we’ve seen here, C-S shows a 9% increase in prices in the past 12 months, December 2011 to December 2012. Again, the real estate market of the city of San Francisco itself has outperformed the general market of the 5-county metro area.

Case-Shiller_High-Tier_2011

Case-Shiller_HT_1996-2011

Our full report on the Case-Shiller Index is here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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November Case-Shiller Index Released

The Case-Shiller Index just released their November report, which is reflected in the two charts below. Remember that this is for the top third of sales price-wise in the 5-county San Francisco “metro statistical area.” The city of San Francisco has recovered more quickly and dramatically than the 5-county area as a whole.

Each month, Case-Shiller recalculates the price ranges of the low, middle and top tiers (thirds) of sales by the number of units sold. One indication of what has happened over the past year is that in December of 2011, the top third (“High-Tier”) of sales started at a sales price of $573,000; in November 2012, the top third of sales started at $685,000.

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http://my.paragon-re.com/Docs/General/SixtyFortyImages/Case-Shiller_from_1990.jpg

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Our in-depth analysis of the Case-Shiller Index can be found online here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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October Case-Shiller Index Released

This is for the high-price-tier index for the 5 county San Francisco Metro Statistical Area (MSA). The home values of the city of San Francisco itself (not reflected on the two charts below) went up more in run up to the financial markets crash of 2008, then declined less with the crash and now is recovering more quickly in 2012, than the entire 5 county MSA market.

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September Case-Shiller Index Released

For the high-tier price index, there was virtually no change from August to September, though the lower price tiers continued to increase (these tiers are especially affected by the decline in distressed home sales). Here are 2 updated charts if you’d like to use one or more of them, one long-term, one short-term.

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August Case-Shiller Index

The Case-Shiller Index for August for the 5-county San Francisco Metro Statistical Area was released today. It showed a small improvement from July’s reading and is now at its highest point since December 2008.

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Case-Shiller High-Tier Home Price Index Highest Since December 2008

The July report of the Case-Shiller Home Price Index was released today. All price tiers for the 5-County San Francisco Metro Statistical Area increased. The high-tier price index, which best applies to the city of San Francisco itself, hit its highest point since December 2008.

Recent trends by month, 2011-2012:

Annual trend line since 1996:

Simplified trend line since 1982:

A more detailed explanation of the Case-Shiller Index can be found here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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Case-Shiller June Index Released Today

The June S&P Case-Shiller Index report released today continued to reflect the surge in Bay Area home values. Remember that Case-Shiller measures house values in a 5-county area and generally reflects the heat of the market 4-6 months ago. So far in 2012, the city of San Francisco itself is outperforming the 5-county area.

Our full report on Case-Shiller is online here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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May Case-Shiller Shows Dramatic Jump

The May reading for the S&P Case-Shiller Index, released today, substantiated what we’ve known for quite some time: the SF home market (though the Index is for the 5-County Metro Area) is rapidly accelerating. Since the Index is a rolling 3-month average and published 2 months after the title month, it is always 3-4 months behind what is actually occurring in the market between buyers and sellers.

Our entire report on the Case-Shiller Index is on the Paragon Market Dynamics section here: http://paragon-re.com/Case_Shiller_Index_Deciphered_for_SF