(See recent posts on Phoenix Case-Shiller Home Price Index.)
The Case-Shiller Home Price Index measures home price appreciation and as recently as last year, depreciation.
Phoenix Home Price Appreciation
Appreciation – June 2011 to June 2012
• Low Price Tier = up 30%
• Middle Price Tier = up 18%
• High Price Tier = up 9%
See the price breakpoints for the 3 tiers below the chart.
Phoenix AZ Case-Shiller Home Price Index
Tier Breakpoints (June 2012)
- Low Tier – Up to $121,776
- Middle Tier – $121,776 – $203,555
- High Tier – $203,555 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 June 2012.