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Market within a Market Report - Keller Williams Beverly Hills

Apr 08, 2018

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Sam Benner
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    MARCH 2011

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    BEL AIR-HOLMBY HILLS SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price $3,870,000 Median Price $1,010,000 -73.9%

    Average Price per Square Foot $1,002 Average Price per Square Foot $428 -57.3%

    Properties Sold 7 Properties Sold 6 -14.3%

    Properties Pending Sale 10 Properties Pending Sale 7 -30.0%

    Properties for Sale 18 Properties for Sale 19 5.6%

    Days on Market (Pending Sale) 167 Days on Market (Pending Sale) 167 0.0%

    Months Supply of Inventory 7.4 Months Supply of Inventory 6.8 -8.1%

    Percent Under Contract 10.78% Percent Under Contract 11.38% 5.6%

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    BEVERLY CENTER MIRACLE MILE SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 865,000$ Median Price ######## 21.4%

    Average Price per Square Foot $481 Average Price per Square Foot $505 5.0%

    Properties Sold 11 Properties Sold 9 -18.2%

    Properties Pending Sale 18 Properties Pending Sale 17 -5.6%

    Properties for Sale 117 Properties for Sale 100 -14.5%

    Days on Market (Pending Sale) 66 Days on Market (Pending Sale) 51 -23.2%

    Months Supply of Inventory 4.9 Months Supply of Inventory 3.8 -22.4%

    Percent Under Contract 15.38% Percent Under Contract 17.00% 10.5%

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    BEVERLY CENTER MIRACLE MILE CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 495,000$ Median Price $605,000 22.2%

    Average Price per Square Foot $399 Average Price per Square Foot $377 -5.5%

    Properties Sold 11 Properties Sold 8 -27.3%

    Properties Pending Sale 9 Properties Pending Sale 5 -44.4%

    Properties for Sale 79 Properties for Sale 32 -59.5%

    Days on Market (Pending Sale) 36 Days on Market (Pending Sale) 120 233.1%

    Months Supply of Inventory 7.4 Months Supply of Inventory 4.0 -45.9%

    Percent Under Contract 11.39% Percent Under Contract 15.62% 37.1%

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    BEVERLY HILLS SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 1,987,500$ Median Price 2,942,500$ 48.1%

    Average Price per Square Foot $744 Average Price per Square Foot $858 15.3%

    Properties Sold 8 Properties Sold 14 75.0%

    Properties Pending Sale 20 Properties Pending Sale 10 -50.0%

    Properties for Sale 162 Properties for Sale 138 -14.8%

    Days on Market (Pending Sale) 85 Days on Market (Pending Sale) 109 28.8%

    Months Supply of Inventory 6.4 Months Supply of Inventory 10.8 68.8%

    Percent Under Contract 12.35% Percent Under Contract 7.25% -41.3%

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    BEVERLY HILLS CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 948,000$ Median Price 830,000$ -12.4%

    Average Price per Square Foot $780 Average Price per Square Foot $754 -3.3%

    Properties Sold 8 Properties Sold 9 12.5%

    Properties Pending Sale 4 Properties Pending Sale 6 50.0%

    Properties for Sale 116 Properties for Sale 95 -18.1%

    Days on Market (Pending Sale) 58 Days on Market (Pending Sale) 147 155.3%

    Months Supply of Inventory 23.2 Months Supply of Inventory 11.5 -50.4%

    Percent Under Contract 3.45% Percent Under Contract 6.32% 83.2%

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    BEVERLYWOOD SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 730,500$ Median Price 639,500$ -12.5%

    Average Price per Square Foot $545 Average Price per Square Foot $393 -27.9%

    Properties Sold 6 Properties Sold 3 -50.0%

    Properties Pending Sale 10 Properties Pending Sale 17 70.0%

    Properties for Sale 60 Properties for Sale 86 43.3%

    Days on Market (Pending Sale) 83 Days on Market (Pending Sale) 63 -24.3%

    Months Supply of Inventory 4.4 Months Supply of Inventory 3.6 -18.2%

    Percent Under Contract 16.67% Percent Under Contract 19.77% 18.6%

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    BRENTWOOD SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 1,950,020$ Median Price 1,955,000$ 0.3%

    Average Price per Square Foot $642 Average Price per Square Foot $1,012 57.6%

    Properties Sold 20 Properties Sold 12 -40.0%

    Properties Pending Sale 25 Properties Pending Sale 20 -20.0%

    Properties for Sale 179 Properties for Sale 148 -17.3%

    Days on Market (Pending Sale) 47 Days on Market (Pending Sale) 75 58.4%

    Months Supply of Inventory 5.7 Months Supply of Inventory 5.2 -8.8%

    Percent Under Contract 13.97% Percent Under Contract 13.51% -3.3%

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    BRENTWOOD CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 832,500$ Median Price 845,000$ 1.5%

    Average Price per Square Foot $486 Average Price per Square Foot $469 -3.5%

    Properties Sold 15 Properties Sold 7 -53.3%

    Properties Pending Sale 14 Properties Pending Sale 19 35.7%

    Properties for Sale 139 Properties for Sale 117 -15.8%

    Days on Market (Pending Sale) 83 Days on Market (Pending Sale) 121 44.7%

    Months Supply of Inventory 8.3 Months Supply of Inventory 4.5 -45.8%

    Percent Under Contract 10.07% Percent Under Contract 16.24% 61.3%

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    CHEVIOT HILLS RANCH PARK SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 925,000$ Median Price 1,147,500$ 24.1%

    Average Price per Square Foot $523 Average Price per Square Foot $475 -9.2%

    Properties Sold 9 Properties Sold 12 33.3%

    Properties Pending Sale 5 Properties Pending Sale 8 60.0%

    Properties for Sale 35 Properties for Sale 31 -11.4%

    Days on Market (Pending Sale) 40 Days on Market (Pending Sale) 39 -2.5%

    Months Supply of Inventory 5.0 Months Supply of Inventory 2.5 -50.0%

    Percent Under Contract 14.29% Percent Under Contract 25.81% 80.6%

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    CULVER CITY SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 656,500$ Median Price 695,000$ 5.9%

    Average Price per Square Foot $508 Average Price per Square Foot $461 -9.3%

    Properties Sold 4 Properties Sold 5 25.0%

    Properties Pending Sale 15 Properties Pending Sale 13 -13.3%

    Properties for Sale 56 Properties for Sale 60 7.1%

    Days on Market (Pending Sale) 40 Days on Market (Pending Sale) 45 11.3%

    Months Supply of Inventory 2.5 Months Supply of Inventory 3.0 20.0%

    Percent Under Contract 26.79% Percent Under Contract 21.67% -19.1%

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    HANCOCK PARK WILSHIRE SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 820,000$ Median Price 922,750$ 12.5%

    Average Price per Square Foot $451 Average Price per Square Foot $433 -4.0%

    Properties Sold 15 Properties Sold 16 6.7%

    Properties Pending Sale 12 Properties Pending Sale 25 108.3%

    Properties for Sale 137 Properties for Sale 130 -5.1%

    Days on Market (Pending Sale) 79 Days on Market (Pending Sale) 41 -47.4%

    Months Supply of Inventory 9.4 Months Supply of Inventory 3.7 -60.6%

    Percent Under Contract 8.76% Percent Under Contract 19.23% 119.5%

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    HOLLYWOOD SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 447,500$ Median Price 375,000$ -16.2%

    Average Price per Square Foot $386 Average Price per Square Foot $184 -52.3%

    Properties Sold 4 Properties Sold 3 -25.0%

    Properties Pending Sale 1 Properties Pending Sale 4 300.0%

    Properties for Sale 24 Properties for Sale 20 -16.7%

    Days on Market (Pending Sale) 6 Days on Market (Pending Sale) 57 853.3%

    Months Supply of Inventory 22.0 Months Supply of Inventory 3.8 -82.7%

    Percent Under Contract 4.17% Percent Under Contract 20.00% 379.6%

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    HOLLYWOOD CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 523,000$ Median Price 282,000$ -46.1%

    Average Price per Square Foot $385 Average Price per Square Foot $319 -17.1%

    Properties Sold 7 Properties Sold 10 42.9%

    Properties Pending Sale 5 Properties Pending Sale 11 120.0%

    Properties for Sale 82 Properties for Sale 54 -34.1%

    Days on Market (Pending Sale) 91 Days on Market (Pending Sale) 90 -1.5%

    Months Supply of Inventory 15.0 Months Supply of Inventory 3.5 -76.7%

    Percent Under Contract 6.10% Percent Under Contract 20.37% 233.9%

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    HOLLYWOOD HILLS EAST SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price ######## Median Price 792,500$ -48.8%

    Average Price per Square Foot $444 Average Price per Square Foot $392 -11.7%

    Properties Sold 7 Properties Sold 10 42.9%

    Properties Pending Sale 15 Properties Pending Sale 15 0.0%

    Properties for Sale 99 Properties for Sale 79 -20.2%

    Days on Market (Pending Sale) 85 Days on Market (Pending Sale) 62 -26.8%

    Months Supply of Inventory 5.3 Months Supply of Inventory 3.3 -37.7%

    Percent Under Contract 15.15% Percent Under Contract 18.99% 25.3%

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    LOS FELIZ SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 945,000$ Median Price 975,000$ 3.2%

    Average Price per Square Foot $493 Average Price per Square Foot $486 -1.4%

    Properties Sold 19 Properties Sold 13 -31.6%

    Properties Pending Sale 14 Properties Pending Sale 20 42.9%

    Properties for Sale 114 Properties for Sale 89 -21.9%

    Days on Market (Pending Sale) 79 Days on Market (Pending Sale) 29 -63.2%

    Months Supply of Inventory 6.3 Months Supply of Inventory 2.7 -57.1%

    Percent Under Contract 12.28% Percent Under Contract 22.47% 83.0%

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    MALIBU SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 1,990,000$ Median Price 1,200,000$ -39.7%

    Average Price per Square Foot $719 Average Price per Square Foot $716 -0.4%

    Properties Sold 12 Properties Sold 11 -8.3%

    Properties Pending Sale 14 Properties Pending Sale 13 -7.1%

    Properties for Sale 302 Properties for Sale 269 -10.9%

    Days on Market (Pending Sale) 163 Days on Market (Pending Sale) 129 -20.7%

    Months Supply of Inventory 18.8 Months Supply of Inventory 17.6 -6.4%

    Percent Under Contract 4.64% Percent Under Contract 4.83% 4.1%

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    MALIBU BEACH SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 6,394,000$ Median Price 5,184,000 n/a

    Average Price per Square Foot $2,838 Average Price per Square Foot 1,415 n/a

    Properties Sold 2 Properties Sold 3 n/a

    Properties Pending Sale 4 Properties Pending Sale 3 -25.0%

    Properties for Sale 98 Properties for Sale 107 9.2%

    Days on Market (Pending Sale) 111 Days on Market (Pending Sale) 135 21.4%

    Months Supply of Inventory 22.0 Months Supply of Inventory 28.3 28.6%

    Percent Under Contract 4.08% Percent Under Contract 2.80% -31.4%

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    MARINA DEL REY SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 1,475,000$ Median Price 1,398,500$ -5.2%

    Average Price per Square Foot $469 Average Price per Square Foot $424 -9.6%

    Properties Sold 3 Properties Sold 2 -33.3%

    Properties Pending Sale 3 Properties Pending Sale 4 33.3%

    Properties for Sale 40 Properties for Sale 38 -5.0%

    Days on Market (Pending Sale) 54 Days on Market (Pending Sale) 61 12.6%

    Months Supply of Inventory 10.7 Months Supply of Inventory 7.5 -29.9%

    Percent Under Contract 7.50% Percent Under Contract 3.03% -59.6%

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    MARINA DEL REY CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 592,500$ Median Price 635,000$ 7.2%

    Average Price per Square Foot $353 Average Price per Square Foot $500 41.6%

    Properties Sold 14 Properties Sold 22 57.1%

    Properties Pending Sale 23 Properties Pending Sale 20 -13.0%

    Properties for Sale 206 Properties for Sale 192 -6.8%

    Days on Market (Pending Sale) 93 Days on Market (Pending Sale) 71 -23.8%

    Months Supply of Inventory 7.0 Months Supply of Inventory 7.3 4.3%

    Percent Under Contract 11.17% Percent Under Contract 10.42% -6.7%

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    MID LOS ANGELES SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 300,000$ Median Price 245,000$ -18.3%

    Average Price per Square Foot $187 Average Price per Square Foot $214 14.4%

    Properties Sold 16 Properties Sold 17 6.3%

    Properties Pending Sale 29 Properties Pending Sale 23 -20.7%

    Properties for Sale 139 Properties for Sale 114 -18.0%

    Days on Market (Pending Sale) 49 Days on Market (Pending Sale) 67 38.8%

    Months Supply of Inventory 3.6 Months Supply of Inventory 3.1 -13.9%

    Percent Under Contract 20.86% Percent Under Contract 20.18% -3.3%

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    MID WILSHIRE SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 325,000$ Median Price 500,000$ 53.8%

    Average Price per Square Foot $312 Average Price per Square Foot $266 -14.7%

    Properties Sold 2 Properties Sold 3 50.0%

    Properties Pending Sale 2 Properties Pending Sale 4 100.0%

    Properties for Sale 34 Properties for Sale 25 -26.5%

    Days on Market (Pending Sale) 25 Days on Market (Pending Sale) 50 104.1%

    Months Supply of Inventory 14.5 Months Supply of Inventory 3.8 -73.8%

    Percent Under Contract 5.88% Percent Under Contract 16.00% 172.1%

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    PACIFIC PALISADES SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 1,777,500$ Median Price 2,020,500$ 13.7%

    Average Price per Square Foot $700 Average Price per Square Foot $699 -0.1%

    Properties Sold 22 Properties Sold 22 0.0%

    Properties Pending Sale 19 Properties Pending Sale 34 78.9%

    Properties for Sale 190 Properties for Sale 182 -4.2%

    Days on Market (Pending Sale) 93 Days on Market (Pending Sale) 59 -36.4%

    Months Supply of Inventory 7.8 Months Supply of Inventory 3.7 -52.6%

    Percent Under Contract 10.00% Percent Under Contract 18.68% 86.8%

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    PALMS MAR VISTA SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 677,500$ Median Price 816,000$ 20.4%

    Average Price per Square Foot $473 Average Price per Square Foot $450 -4.9%

    Properties Sold 22 Properties Sold 21 -4.5%

    Properties Pending Sale 22 Properties Pending Sale 34 54.5%

    Properties for Sale 111 Properties for Sale 103 -7.2%

    Days on Market (Pending Sale) 55 Days on Market (Pending Sale) 44 -19.7%

    Months Supply of Inventory 3.6 Months Supply of Inventory 1.7 -52.8%

    Percent Under Contract 19.82% Percent Under Contract 33.01% 66.5%

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    SANTA MONICA SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price ######## Median Price 1,205,000$ -16.8%

    Average Price per Square Foot $740 Average Price per Square Foot $703 -5.0%

    Properties Sold 14 Properties Sold 21 50.0%

    Properties Pending Sale 20 Properties Pending Sale 19 -5.0%

    Properties for Sale 154 Properties for Sale 111 -27.9%

    Days on Market (Pending Sale) 50 Days on Market (Pending Sale) 79 59.4%

    Months Supply of Inventory 6.1 Months Supply of Inventory 4.2 -31.1%

    Percent Under Contract 12.99% Percent Under Contract 17.12% 31.8%

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    SANTA MONICA CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 602,500$ Median Price 667,500$ 10.8%

    Average Price per Square Foot $508 Average Price per Square Foot $526 3.5%

    Properties Sold 24 Properties Sold 34 41.7%

    Properties Pending Sale 40 Properties Pending Sale 35 -12.5%

    Properties for Sale 263 Properties for Sale 208 -20.9%

    Days on Market (Pending Sale) 52 Days on Market (Pending Sale) 65 24.1%

    Months Supply of Inventory 4.1 Months Supply of Inventory 4.0 -2.4%

    Percent Under Contract 18.25% Percent Under Contract 16.83% -7.8%

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    SILVERLAKE ECHO PARK SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 768,500$ Median Price 634,000$ -17.5%

    Average Price per Square Foot $452 Average Price per Square Foot $353 -21.9%

    Properties Sold 10 Properties Sold 18 80.0%

    Properties Pending Sale 16 Properties Pending Sale 17 6.3%

    Properties for Sale 88 Properties for Sale 99 12.5%

    Days on Market (Pending Sale) 42 Days on Market (Pending Sale) 44 4.1%

    Months Supply of Inventory 4.1 Months Supply of Inventory 4.1 0.0%

    Percent Under Contract 18.18% Percent Under Contract 17.17% -5.6%

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    STUDIO CITY SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 920,000$ Median Price 1,115,000$ 21.2%

    Average Price per Square Foot $1,002 Average Price per Square Foot $428 -57.3%

    Properties Sold 7 Properties Sold 6 -14.3%

    Properties Pending Sale 10 Properties Pending Sale 7 -30.0%

    Properties for Sale 18 Properties for Sale 19 5.6%

    Days on Market (Pending Sale) 167 Days on Market (Pending Sale) 167 0.0%

    Months Supply of Inventory 7.4 Months Supply of Inventory 6.8 -8.1%

    Percent Under Contract 10.78% Percent Under Contract 11.38% 5.6%

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    SUNSET STRIP HOLLYWOOD HILLS WEST SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 944,000$ Median Price 1,027,500$ 8.8%

    Average Price per Square Foot $530 Average Price per Square Foot $533 0.6%

    Properties Sold 30 Properties Sold 38 26.7%

    Properties Pending Sale 33 Properties Pending Sale 34 3.0%

    Properties for Sale 360 Properties for Sale 314 -12.8%

    Days on Market (Pending Sale) 81 Days on Market (Pending Sale) 83 2.5%

    Months Supply of Inventory 8.6 Months Supply of Inventory 6.7 -22.1%

    Percent Under Contract 9.17% Percent Under Contract 10.83% 18.1%

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    SUNSET STRIP HOLLYWOOD HILLS WEST CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 565,500$ Median Price 595,730$ 5.3%

    Average Price per Square Foot $632 Average Price per Square Foot $359 -43.2%

    Properties Sold 4 Properties Sold 2 -50.0%

    Properties Pending Sale 4 Properties Pending Sale 7 75.0%

    Properties for Sale 54 Properties for Sale 51 -5.6%

    Days on Market (Pending Sale) 10 Days on Market (Pending Sale) 10 0.0%

    Months Supply of Inventory 10.8 Months Supply of Inventory 5.6 -48.1%

    Percent Under Contract 7.41% Percent Under Contract 13.73% 85.3%

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    VENICE SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 850,000$ Median Price 840,000$ -1.2%

    Average Price per Square Foot $757 Average Price per Square Foot $679 -10.3%

    Properties Sold 19 Properties Sold 17 -10.5%

    Properties Pending Sale 19 Properties Pending Sale 19 0.0%

    Properties for Sale 131 Properties for Sale 109 -16.8%

    Days on Market (Pending Sale) 57 Days on Market (Pending Sale) 78 37.4%

    Months Supply of Inventory 5.3 Months Supply of Inventory 3.9 -26.4%

    Percent Under Contract 14.50% Percent Under Contract 17.43% 20.2%

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    WEST HOLLYWOOD SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 860,000$ Median Price 972,500$ 13.1%

    Average Price per Square Foot $724 Average Price per Square Foot $611 -15.6%

    Properties Sold 8 Properties Sold 6 -25.0%

    Properties Pending Sale 11 Properties Pending Sale 12 9.1%

    Properties for Sale 65 Properties for Sale 58 -10.8%

    Days on Market (Pending Sale) 98 Days on Market (Pending Sale) 78 -20.4%

    Months Supply of Inventory 4.2 Months Supply of Inventory 3.6 -14.3%

    Percent Under Contract 16.92% Percent Under Contract 20.69% 22.3%

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    WEST HOLLYWOOD CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 507,500$ Median Price 543,000$ 7.0%

    Average Price per Square Foot $424 Average Price per Square Foot $403 -5.0%

    Properties Sold 24 Properties Sold 37 54.2%

    Properties Pending Sale 26 Properties Pending Sale 34 30.8%

    Properties for Sale 260 Properties for Sale 234 -10.0%

    Days on Market (Pending Sale) 67 Days on Market (Pending Sale) 104 54.3%

    Months Supply of Inventory 8.0 Months Supply of Inventory 5.0 -37.5%

    Percent Under Contract 10.00% Percent Under Contract 14.53% 45.3%

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    WEST LOS ANGELES SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 703,525$ Median Price 535,000$ -24.0%

    Average Price per Square Foot $602 Average Price per Square Foot $394 -34.6%

    Properties Sold 4 Properties Sold 5 25.0%

    Properties Pending Sale 4 Properties Pending Sale 6 50.0%

    Properties for Sale 28 Properties for Sale 46 64.3%

    Days on Market (Pending Sale) 37 Days on Market (Pending Sale) 105 181.7%

    Months Supply of Inventory 6.0 Months Supply of Inventory 4.7 -21.7%

    Percent Under Contract 14.29% Percent Under Contract 13.04% -8.7%

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    WESTWOOD CENTURY CITY SFR

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 1,450,000$ Median Price 1,515,000$ 4.5%

    Average Price per Square Foot $616 Average Price per Square Foot $653 6.0%

    Properties Sold 10 Properties Sold 13 30.0%

    Properties Pending Sale 11 Properties Pending Sale 12 9.1%

    Properties for Sale 97 Properties for Sale 65 -33.0%

    Days on Market (Pending Sale) 44 Days on Market (Pending Sale) 52 17.3%

    Months Supply of Inventory 7.1 Months Supply of Inventory 4.1 -42.3%

    Percent Under Contract 11.34% Percent Under Contract 18.46% 62.8%

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    WESTWOOD CENTURY CITY CONDO

    MARCH 2010 MARCH 2011 % CHANGE

    Median Price 629,500$ Median Price 610,000$ -3.1%

    Average Price per Square Foot $493 Average Price per Square Foot $502 1.8%

    Properties Sold 22 Properties Sold 33 50.0%

    Properties Pending Sale 41 Properties Pending Sale 39 -4.9%

    Properties for Sale 434 Properties for Sale 392 -9.7%

    Days on Market (Pending Sale) 100 Days on Market (Pending Sale) 79 -20.6%

    Months Supply of Inventory 8.8 Months Supply of Inventory 7.9 -10.2%

    Percent Under Contract 9.45% Percent Under Contract 9.95% 5.3%