Micro Market Report Los Angeles & Miami Issue #11 02/15/16 for 01/15/16 statistics
1
Table of Contents zip Code 90210 - Beverly Hills
3
zip Code 90211 - beverly hills
4
zip Code 90069 - Sunset strip
5
zip Code 90077 - Bel Air
6
zip Code 90046 - West Hollywood
7
zip Code 90265 - malibu
8
zip Code 90272 - Pacific palisades
9
zip Code 90024 - westwood
10
zip Code 90049 - brentwood
11
zip Code 90025 - west LA
12
zip Code 90201/90402 - santa monica
13
Zip COde 90005 - Hancock Park
14
Zip Code 90027 - Los Feliz
15
Zip Code 90064 - Cheviot Hills
16
zip Code 90291 - Venice
17
Zip Code 90292 - Marina del Rey
18
Miami Market Overview
19
ALL ZIP CODES YEAR TO DATE SALES
20
WEA Message
22
About WEA
23
Data provided by First American Title Co. of Los Angeles County records and by SEF MLS of Miami-Dade County records for sales exceeding $1 million.
2
90210 Avg. Price Per Transaction
January 2016
Price in millions
10
Number of Sales
HHHHHHHHHHHH HHHHHHHH
8 6
Avg. Price per transaction
4
$ 2 0
Jan.
2007
2010
2014
2015
2016
5,934,000
January 2007 Number of Sales
number of sales
H H H Avg. Price per transaction $
2,778,333
January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+267% Sales
+114% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
20
+82%
$5,934,000
-27%
Jan. 2015
11
-39%
$8,174,864
+55%
Jan. 2014
18
+125%
$5,288,167
+13%
Jan. 2010
8
+167%
$4,667,188
+68%
Jan. 2007
3
baseline
$2,778,333
baseline
YTD 2016
20
+25%
$3,538,450
0
Date
© Westside Estate Agency
3
90211 Avg. Price Per Transaction
January 2016
Price in millions
2.5
Number of Sales
HHHH
2.0
Avg. Price per transaction $
1.5
1,949,500
1.0 0.5 0.0
Jan. 2007
January 2007 2010
2014
2015
2016
Number of sales
number of sales
H Avg. Price per transaction $
1,425,000
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
0% Sales
+37% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
4
+300%
$1,949,500
-8%
Jan. 2015
1
-50%
$2,120,000
0%
Jan. 2014
2
+100%
$2,121,250
+20%
Jan. 2010
1
0%
$1,775,000
+25%
Jan. 2007
1
baseline
$1,425,000
baseline
YTD 2016
4
+300%
$1,949,500
-8%
Date
© Westside Estate Agency
4
90069 Avg. Price Per Transaction
January 2016
Price in millions
8
Number of Sales
7
HHHHHHHHHHH
6 5 4
Avg. Price per transaction
3
$
2
5,791,364
1 0
Jan. 2007
2010
2014
2015
2016
January 2007 Number of Sales
number of sales
H Avg. Price per transaction $
800,000
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+1000% Sales
+624% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
11
0%
$5,791,364
-16%
Jan. 2015
11
+83%
$6,910,864
+148%
Jan. 2014
6
+20%
$2,788,250
+26%
Jan. 2010
5
+400%
$2,210,400
+176%
Jan. 2007
1
baseline
$800,000
baseline
YTD 2016
11
0
$5,934,000
-27%
Date
© Westside Estate Agency
5
90077 Avg. Price Per Transaction
January 2016
Price in millions
8
Number of Sales
7
HHHHHHHHH
6 5 4
Avg. Price per transaction
3
$
2 1 0
Jan.
2007
2010
2014
2015
2016
6,518,222
January 2007 Number of Sales
number of sales
HH Avg. Price per transaction $
854,750
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+300% Sales
+663% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
9
+13%
$6,518,222
+54%
Jan. 2015
8
0%
$4,243,375
+54%
Jan. 2014
8
+700%
$2,749,125
+293%
Jan. 2010
1
-50%
$700,000
-18%
Jan. 2007
2
baseline
$854,750
baseline
YTD 2016
9
+13%
$6,518,222
+54%
Date
© Westside Estate Agency
6
90046 Avg. Price Per Transaction
January 2016
Price in millions
5
Number of Sales
HHHHHHHHHHHH HHHHHHHHHH
4 3
Avg. Price per transaction
2
$ 1 0
Jan. 2007
2010
2014
2015
2016
1,510,500
January 2007 Number of Sales
number of sales
HHHHHH Avg. Price per transaction $
4,159,667
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+283% Sales
-64% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
22
-4%
$1,510,500
-19%
Jan. 2015
23
53%
$1,870,609
+72%
Jan. 2014
15
+150%
$1,090,033
+22%
Jan. 2010
6
0%
$891,833
-79%
Jan. 2007
6
baseline
$4,159,667
baseline
YTD 2016
22
-4%
$1,510,500
-19%
Date
© Westside Estate Agency
7
90265 Avg. Price Per Transaction
January 2016
Price in millions
10
Number of Sales
HHHHHHHHHHHH HHH
8 6
Avg. Price per transaction
4
$ 2 0
Jan. 2007
2010
2014
2015
2016
6,234,273
January 2007 Number of Sales
number of sales
HHHHHHHH Avg. Price per transaction $
7,348,688
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+75% Sales
-15% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
15
+7%
$6,234,273
-25%
Jan. 2015
14
+133%
$8,271,357
+77%
Jan. 2014
6
+20%
$4,668,333
+31%
Jan. 2010
5
-38%
$3,556,500
-52%
Jan. 2007
8
baseline
$7,348,688
baseline
YTD 2016
15
+7%
$6,234,273
-25%
Date
© Westside Estate Agency
8
90272 Avg. Price Per Transaction
January 2016
Price in millions
4.0
Number of Sales
3.5
HHHHHHHHHHHH HHHHHHHHH
3.0 2.5 2.0 1.5
Avg. Price per transaction
1.0
$
0.5 0.0
Jan.
2007
2010
2014
2015
2016
3,538,450
January 2007 Number of Sales
number of sales
HHH Avg. Price per transaction $
3,783,167
January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+433% Sales
-6% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
20
+25%
$3,538,450
0%
Jan. 2015
16
0%
$3,554,500
+23%
Jan. 2014
16
+7%
$2,893,125
+36%
Jan. 2010
15
+400%
$2,123,567
-44%
Jan. 2007
3
baseline
$3,783,167
baseline
YTD 2016
20
+25%
$3,538,450
0
Date
© Westside Estate Agency
9
90024 Avg. Price Per Transaction
January 2016
Price in millions
5
Number of Sales
HHHH
4
Avg. Price per transaction
3
$ 2
4,817,614
1 0
Jan. 2007
2010
2014
2015
2016
January 2007 Number of Sales
number of sales
H Avg. Price per transaction $
1,000,000
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+300% Sales
+382% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
4
0%
$4,817,614
+49%
Jan. 2015
4
+33%
$3,231,625
+52%
Jan. 2014
3
+50%
$2,122,833
+2%
Jan. 2010
2
+100%
$2,077,500
+108%
Jan. 2007
1
baseline
$1,000,000
baseline
YTD 2016
4
0
$4,817,614
+49%
Date
© Westside Estate Agency
10
90049 Avg. Price Per Transaction
January 2016
Price in millions
5
Number of Sales
HHHHHHHHHHHH HHHHHH
4 3
Avg. Price per transaction
2
$ 1 0
Jan. 2007
2010
2014
2015
2016
2,687,583
January 2007 Number of Sales
number of sales
Avg. Price per transaction
Not Avail. January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+/-0 Sales
+/-0 Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
18
20%
$2,687,583
-33%
Jan. 2015
15
0%
$4,002,500
+54%
Jan. 2014
15
+114%
$2,601,812
-7%
Jan. 2010
7
0
$2,795,857
0
Jan. 2007
0
baseline
0
baseline
YTD 2016
18
+20%
$2,687,583
-33%
Date
© Westside Estate Agency
11
90025 Avg. Price Per Transaction
January 2016
Price in millions
2.0
Number of Sales
HHHHH
1.5
Avg. Price per transaction $
1.0
1,863,000
0.5
0.0
Jan.
2007
2010
2014
2015
2016
January 2007 Number of Sales
number of sales
H Avg. Price per transaction $
977,500
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+300% Sales
+91% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
5
+25%
$1,863,000
+53%
Jan. 2015
4
+300%
$1,219,375
+33%
Jan. 2014
1
-50%
$918,000
-1%
Jan. 2010
2
+100%
$927,500
-5%
Jan. 2007
1
baseline
$977,500
baseline
YTD 2016
5
+25%
$1,863,000
+53%
Date
© Westside Estate Agency
12
90402 Avg. Price Per Transaction
January 2016
Price in millions
6
Number of Sales
HHHHH
5 4
Avg. Price per transaction
3
$
2
3,432,500
1 0
Jan.
2007
2010
2014
2015
2016
January 2007 Number of Sales
number of sales
HHHHH Avg. Price per transaction
Not Avail. January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+/-0 Sales
+/-0 Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
5
0%
$3,432,500
-34%
Jan. 2015
5
0
$5,225,700
0
Jan. 2014
0
0
0
0
Jan. 2010
4
0
$1,933,750
0
Jan. 2007
0
baseline
0
baseline
YTD 2016
5
+0%
$3,432,500
-34%
Date
© Westside Estate Agency
13
90005 Avg. Price Per Transaction
January 2016
Price in millions
3.5
Number of Sales
3.0
HH
2.5
Avg. Price per transaction
2.0
$
1.5 1.0
3,159,091
0.5 0.0
Jan. 2007
2010
2014
2015
2016
January 2007 Number of sales
number of sales
H Avg. Price per transaction $
1,150,000
January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+300% Sales
+175% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
2
-50%
$3,159,091
+26%
Jan. 2015
4
+300%
$2,514,375
+403%
Jan. 2014
1
0%
$500,000
-28%
Jan. 2010
1
0%
$693,000
-40%
Jan. 2007
1
baseline
$1,150,000
baseline
YTD 2016
2
-50%
$3,159,091
+26%
Date
© Westside Estate Agency
14
90027 Avg. Price Per Transaction
January 2016
Price in millions
2.0
Number of Sales
HHHHHHHHHHHH
1.5
1.0
Avg. Price per transaction $
0.5
0.0
1,289,417
January 2007
Jan.
2007
2010
2014
2015
2016
Number of Sales
number of sales
HHHH Avg. Price per transaction $
1,497,500
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+250% Sales
-14% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
12
-14%
$1,289,417
-19%
Jan. 2015
14
+600%
$1,600,286
-6%
Jan. 2014
2
-60%
$1,702,750
+78%
Jan. 2010
5
+25%
$958,200
-36%
Jan. 2007
4
baseline
$1,497,500
baseline
YTD 2016
12
-14%
$1,289,417
-19%
Date
© Westside Estate Agency
15
90064 Avg. Price Per Transaction
January 2016
Price in millions
2.0
Number of Sales
HHHHHHHHHHHH HHHHH
1.5
1.0
Avg. Price per transaction $
1,666,353
0.5
0.0
January 2007
Jan. 2007
2010
2014
2015
2016
Number of Sales
number of sales
HHHHHH Avg. Price per transaction $
1,081,167
January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+117% Sales
+54% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
17
+31%
$1,666,353
+37%
Jan. 2015
13
+30%
$1,220,115
-14%
Jan. 2014
10
+100%
$1,410,882
+22%
Jan. 2010
5
-17%
$1,160,400
+7%
Jan. 2007
6
baseline
$1,081,167
baseline
YTD 2016
17
+31%
$1,666,353
+37%
Date
© Westside Estate Agency
16
90291 Avg. Price Per Transaction
January 2016
Price in millions
2.5
Number of Sales
HHHHHHHHHHH
2.0 1.5
Avg. Price per transaction $
1.0 0.5 0.0
Jan. 2007
2,426,955
January 2007 2010
2014
2015
2016
Number of Sales
number of sales
HHHH Avg. Price per transaction $
1,132,000
January 2016 vs 2007 Jan. 2007
2010
2014
2015
2016
+300% Sales
+114% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
11
-31%
$2,426,955
+45%
Jan. 2015
16
+14%
$1,673,906
+17%
Jan. 2014
14
+250%
$1,425,150
+23%
Jan. 2010
4
0%
$1,157,750
+2%
Jan. 2007
4
baseline
$1,132,000
baseline
YTD 2016
11
-31%
$2,426,955
+45%
Date
© Westside Estate Agency
17
90292 Price in millions
Avg. Price Per Transaction
January 2016
2.5
Number of Sales
2.0
HHHH Avg. Price per transaction
1.5
$
1.0
2,026,250
0.5 0.0
Jan.
2007
2010
2014
2015
2016
January 2007 Number of Sales
number of sales
Avg. Price per transaction
Not Avail. January 2016 vs 2007 Jan.
2007
2010
2014
2015
2016
+/-0 Sales
+/-0 Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
4
+100%
$2,026,250
+13%
Jan. 2015
2
+100%
$1,800,750
-12%
Jan. 2014
1
0
$2,050,000
0
Jan. 2010
0
0
0
0
Jan. 2007
0
baseline
0
baseline
YTD 2016
4
+100%
$2,026,250
+13%
Date
© Westside Estate Agency
18
Miami market view
metro Miami overview avg. Price Per Transaction 2.5
Price in millions
H = 20
January 2016 Number of Sales
HHHHHHH
2.0
AVg. Price per transaction
1.5
$
1.0 0.5
2,650,426
January 2007
0.0
H = 20
Number of Sales
Jan.
2007
2010
2014
2015
HHHH
number of sales avg. Price per transaction $
2,062,566
January 2016 vs 2007 +29% Price
2016
+53% Sales
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Jan. 2016
130
-17%
$2,364,347
+16%
Jan. 2015
157
+180%
$2,032,160
+15%
Jan. 2010
56
-34%
$1,762,650
-4%
Jan. 2007
85
baseline
$1,831,489
baseline
YTD 2016
130
-17%
$2,364,347
+16%
Jan.
2007
Date
2010
2015
© Westside Estate Agency
19
YEAR TO DATE SALES OF
2007
2010
2014
Zip Code
Sales
Average Price
Sales
Δ vs ‘07
Average Price
Δ vs ‘07
Sales
Δ vs ‘10
Average Price
Δ vs ‘10
90210
3
$2,778,333
8
+167%
$4,667,188
+68%
18
+125%
$5,288,167
+13%
90211
1
$1,425,000
1
0%
$1,775,000
+25%
2
+100%
$2,121,250
+20%
90069
1
$800,000
5
+400%
$2,210,400
+176%
6
+20%
$2,788,250
+26%
90077
2
$854,750
1
-50%
$700,000
-18%
8
+700%
$2,749,125
+293%
90046
6
$4,159,667
6
0%
$891,833
-79%
15
+150%
$1,090,033
+22%
90265
8
$7,348,688
5
-38%
$3,556,500
-52%
6
+20%
$4,668,333
+31%
90272
3
$3,783,167
15
+400%
$2,123,567
-44%
16
+7%
$2,893,125
+36%
90024
1
$1,000,000
2
+100%
$2,077,500
+108%
3
+50%
$2,122,833
+2%
90049
0
0
7
0
$2,795,857
0
15
+114%
$2,601,812
-7%
90025
1
$977,500
2
+100%
$927,500
-5%
1
-50%
$918,000
-1%
90402
0
0
4
0
$1,933,750
0
0
0
0
0
90005
1
$1,150,000
1
0%
$693,000
-40%
1
0%
$500,000
-28%
90027
4
$1,497,500
5
+25%
$958,200
-36%
2
-60%
$1,702,750
+78%
90064
6
$1,081,167
5
-17%
$1,160,400
+7%
10
+100%
$1,410,882
+22%
90291
4
$1,132,000
4
0%
$1,157,750
+2%
14
+250%
$1,425,150
+23%
90292
0
0
0
0
0
0
1
0
$2,050,000
0
Miami
85
$1,831,489
56
-34%
$1762,650
-4%
0
0
0
0
20
PROPERTIES OF $1M OR MORE
2015
Δ 2007 vs 2016
2016
Sales
Δ vs ‘14
Average Price
Δ vs ‘14
Sales
Δ vs ‘14
Average Price
Δ vs ‘14
Sales
Average Price
11
-39%
$8,174,864
55%
20
82%
$5,934,000
-27%
267%
114%
1
-50%
$2,120,000
0%
4
300%
$1,949,500
-8%
0%
37%
11
83%
$6,910,864
148%
11
0%
$5,791,364
-16%
1000%
624%
8
0%
$4,243,375
54%
9
13%
$6,518,222
54%
300%
663%
23
53%
$1,870,609
72%
22
-4%
$1,510,500
-19%
283%
-64%
14
133%
$8,271,357
77%
15
7%
$6,234,273
-25%
75%
-15%
16
0%
$3,554,500
23%
20
25%
$3,538,450
0%
433%
-6%
4
33%
$3,231,625
52%
4
0%
$4,817,614
49%
300%
382%
15
0%
$4,002,500
54%
18
20%
$2,687,583
-33%
0
0
4
300%
$1,219,375
33%
5
25%
$1,863,000
53%
300%
91%
5
0
$5,225,700
0
5
0%
$3,432,500
-34%
0
0
4
300%
$2,514,375
403%
2
-50%
$3,159,091
26%
300%
175%
14
600%
$1,600,286
-6%
12
-14%
$1,289,417
-19%
250%
-14%
13
30%
$1,220,115
-14%
17
31%
$1,666,353
37%
117%
54%
16
14%
$1,673,906
17%
11
-31%
$2,426,955
45%
300%
114%
2
100%
$1,800,750
-12%
4
100%
$2,026,250
13%
0
0
157
180%
$2,032,160
15%
130
-17%
$2,364,347
16%
85%
11%
21
Compare Los Angeles Real Estate Brokerages
A Message From WEA $20+ MILLION SALES: WHERE DO THEY COME FROM? Many people, particularly sellers, believe that the buyers for their megabucks homes will come from overseas. They also hope that these foreign purchasers will be willing to overpay for the homes. However, the statistics below provide a lot of interesting information, as opposed to mere hope. During the 2015 calendar year, there were 37 sales at 20+ million in Los Angeles County. Here is the breakdown as to the nationality of the buyers: 29 of the sales were Americans - 78.2% 4 were Chinese - 11% 2 were Western European - 5.4% 1 was Middle Eastern - 2.7% 1 was Canadian - 2.7% Additionally, in Miami-Dade, there were 10 sales of homes listed at 20+ million in 2015 and Americans purchased ALL TEN. What do you think about these numbers? In my opinion, this makes for a very strong national market. The data clearly reflects that the overwhelming percentage of the ultra-high-net-worth individuals purchasing homes for 20+ million are homegrown. Let’s see what 2016 brings, but I believe that our market will remain predominately American. Stephen Shapiro Co-Founder, Westside Estate Agency
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Success built on superior market knowledge. And understanding our clients. Westside Estate Agency is defined by the values and the vision of its two founders, Stephen Shapiro and Kurt Rappaport. In 1998, Stephen Shapiro and Kurt Rappaport were two of the most well-known, highly compensated realtors in Los Angeles. Still, they felt there had to be a better way to meet the very high expectations and individual needs of their high-net worth clientele. It wasn’t long before the two began making plans for a different kind of brokerage. A real estate agency committed to putting client service first, and completely satisfying the needs and desires of each client. In the words of Stephen Shapiro, “Negotiations conducted with intelligence and integrity result in what we call the ‘triple win.’ Great results for the buyer, the seller, and WEA.” In 1999, Shapiro and Rappaport opened Westside Estate Agency with a focus on the most expensive and prestigious homes and estates in the prime Westside areas of Los Angeles. In 2007, WEA opened its Malibu office to service that world famous community. Today, WEA has a clientele without parallel, at the pinnacle of the
better service to clients. WEA continues to stay on the cutting-edge of inJanation, keeping a pulse on and implementing new technologies as soon as they’re available. Stephen and Kurt have assembled a team of full-time real estate pros, known for expertise, experience, integrity and discretion. Each agent possesses an in-depth knowledge of the inventory and current market conditions; our clients turn to us for candid insights into current market value, the sales potential of properties and marketing strategies for our current and prospective clients. Of course, WEA has retained its independence, in the face of widespread acquisition by a handful of impersonal agencies. Remaining independent means we answer to our clients, instead of a corporate headquarters thousands of miles away. It means we don’t need to worry about a conglomerate’s bottom-line or using an in-house escrow or title company; rather, we’re free to focus on getting the best and doing the best for each client. In practical terms, this translates into efficiency
business, financial, technology and entertainment industries generating billions in sales and the highest average price per sale in the industry. The company added its Miami, Florida location in early 2015.
and responsiveness. Making the most of every minute by showing just the homes, in just the neighborhoods, that meet our clients’ criteria. Quite frequently, we’re even able to offer new properties not yet on the market.
Working hand-in-hand with their commitment to tailored service has been the agency’s industry leading application of technology. WEA has been at the forefront in the category for its technology use, from being the first to implement a fully integrated network computing system to the first to use scanning technology, cloud technology, e-signatures and paperless filing to provide
Finally, it means WEA’s agents have a direct conduit to the top. Unlike the non-owner operated, robo brokerages, our principals play a role in, and keep an eye on every WEA transaction. In sense, every WEA client is also a client of Stephen’s and Kurt’s. Which only make sense, as it’s with these two that the WEA story began.
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Contact Us Beverly Hills Office
Malibu Office
Miami Office
Westside Estate Agency 210 North Canon Drive Beverly Hills, CA 90210
Westside Estate Agency 23410 Civic Center Way Malibu, CA 90265
Westside Estate Agency 2100 Ponce de Leon Blvd 7th Floor Coral Gables, FL 33134
Tel: (310) 247-7770 SalesBH@WEAhomes.com
Tel: (310) 456-1171 SalesMalibu@WEAhomes.com
Tel: (305) 447-1471 SalesMiami@WEAhomes.com
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