(See recent posts on Phoenix Case-Shiller Home Price Index.)
The Case-Shiller Home Price Index measures home price appreciation (and depreciation).
Phoenix Home Price Appreciation – July 2011 to July 2012
• Low Price Tier = up 33%
• Middle Price Tier = up 20%
• High Price Tier = up 12%
See the price breakpoints for the 3 tiers below the chart.
Phoenix AZ Case-Shiller Home Price Index
Phoenix Home Price Tier Breakpoints for July 2012
• Low Tier – Up to $126,856
• Middle Tier – $126,856 – $211,363
• High Tier – $211,363 and up
The Case-Shiller Home Price Index is the best estimate of actual home price appreciation (or depreciation). The downside to the Case-Shiller Index, however, is that it runs a little old, the most current data is only through July 2012.