In our continuing tracking of the high-end properties here in San Francisco, we look at the S&P/Case-Shiller Home Price Indices.
For those not familiar with Case-Schiller, many consider their data to be the most reliable for home price changes in a region, as they base their index on repeat sales.
For those of you who must have a detailed explanation of the calculation feel free to check out check out their methodology.
Here are the basic Case-Shiller stats for the Bay Area as of December:
Month to Month: Down 0.8%
Year to Year: Down 5.4%
Prices at this level in: February 2002
Peak month: May 2006
Change from Peak: Down 41.1% in 67 months
Low Tier: Under $311,666
Mid Tier: $311,666 to $573,705
Hi Tier: Over $573,705
Notice the trends for the latest local tiered data, back through 2000:
Be sure to check out the recent variations:
For the below chart notice how two of the Bay Ara’s three tiers actually rose in December. Month to month, the low tier rose 0.9%, the middle tier climbed 0.3%, and the high tier dropped 0.4%.