Tag: statistical area

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January Case-Shiller Index Released

The just released Case-Shiller Index reading for January for the high-tier price segment of the 5-county San Francisco Metro Statistical Area declined slightly from December. This reflects seasonal market issues, not a decline in values, and it occurs every year – indeed, the decline was smaller than what is typical.

From January 2012 to January 2013, the Index indicates an 11% increase in house values for this segment of the metro area market. However, the real estate market of the city of San Francisco itself has outperformed the general market of the 5-county metro area. And due to its methodology, the Index is 4 to 7 months behind what is currently occurring in the market. In a quickly appreciating market, that can be a long period of time.

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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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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