(See all posts on Phoenix Case-Shiller Home Price Index.)
The Case-Shiller Home Price Index measures home price appreciation.
Phoenix Real Estate Boom
Phoenix homes are still appreciating very fast according to Case-Shiller data released on January 29, 2013.
The low priced homes in Phoenix have increased an amazing 50% since August 2011 according to my analysis of Case-Shiller raw data.
Phoenix Home Price Appreciation – August 2011 to November 2012
• Low Price Tier = Up 50%
• Middle Price Tier = Up 30%
• High Price Tier = Up 16%
See the price breakpoints for the 3 tiers below the chart.
Phoenix AZ Case-Shiller Home Price Index
Phoenix Home Price Tier Breakpoints for November 2012
• Low Tier – Up to $142,714
• Middle Tier – $142,714 – $235,735
• High Tier – $235,735 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 November 2012.
Call me if you plan to sell your home and you want to know what this all means for you. John Wake, HomeSmart, (480) 463-4475