Market Report. Manhattan Q Significant findings in Q2 2010

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1 Market Report StreetEasy is pleased to present our Quarterly Report on the residential market. The bulk of the report is based on approximately 3,500 recorded sales for this quarter as well as over 1,000 broker sources thereby allowing us to provide the most comprehensive view of today s market. Our Market Snapshot section will give you the most real-time view of how the real estate market is responding to the current economic conditions by looking at inventory, price changes and in-contract data. Resale closing numbers provide a more timely view of the market than new development numbers since new developments often go into contract as much as 24 months before closing. Days on Market (DoM) data is another important market indicator in the normally fast-paced real estate market. We seek to continually improve this report and provide data that will be meaningful and useful to you. Please keep sending your suggestions to support@streeteasy.com. Significant findings in CLOSING PRICES REMAIN STABLE. Since last quarter, the overall average and median prices, which include condo and co-op resales, and new developments, had price gains of 3.5% and 2.6%, respectively. Compared to one year ago, overall prices have increased by 4.1% and 2.6%, respectively. The overall average price was $1.39M while the overall median price was $800K. Condo resale median price increased by 0.5% since last quarter to $970K, and by 10.2% since last year. Average price ($1.496M) remained stable with a slight decrease of 0.3% for the quarter and up 4.2% since last year. Co-op resale median price decreased by 1.1% to $630K compared to last quarter but increased by 5.0% since last year. Average sales price ($1.025M) increased by 1.7% since last quarter and by 9.5% since the prior year. New Developments median sales price jumped by 30.2% since last quarter and by 2.6% since last year. Average sales price ($1.86M) increased by 2.4% since last quarter and by 4.4% since last year. VOLUME OF CLOSINGS INCREASES. The total number of closings this quarter, approximately 3,500, has increased by 13.9% from the 3,123 closings of last quarter and has jumped by 65.2% from the 2,153 closings from a year ago. Condo resales have increased by 16.0% and co-op resales have increased by 17.2% since last quarter. Compared to a year ago, condo resales increased by 87.1% and co-op resales increased by 76.0%. The number of new development closings increased by 4.2%% since last quarter and by 31.6% since a year ago. New development closings made up 19.7% of the closings while co-op resales dominated activity at 52.3%. INVENTORY SLIGHTLY RISES. According to our listings database, an average of 403 new listings came onto market every week in this quarter, an increase of 1.6% since last quarter, which averaged 397 new listings per week. Condos made up 49.4% of all active listings on market this quarter (co-ops 47.7%, townhouses 2.9%). There were a total of 15,025 listings that were available at some point in this quarter, a 5.2% increase since last quarter but a 6.0% decrease compared to the prior year quarter. CONTRACT ACTIVITY INCREASES. This quarter, there were 2,914 listings that went into contract, a 21.9% increase from last quarter s number of new contracts (2,390). Additionally, compared to the prior year, which had 2,477 contracts, contract activity increased by 17.6%. Additionally, there were 281 broken contracts, a 47.9% increase compared to last quarter s 190. MORE BUT LESS STEEP PRICE CUTS. This quarter 29.3% of all listings had price cuts, a total of 4,402, 10.2% more cuts than last quarter but 22.0% fewer cuts than a year ago. Of all active listings for condos this quarter, there were 1,998 condo listings with price cuts, a 9.2% increase since last quarter and a 20.6% decrease since last year. Co-ops had about 2,404 cuts, a 10.9% increase in the number of price cuts since last quarter and 18.6% fewer cuts than a year ago. The average price cut this quarter for condos was 6.9%, compared to last quarterʼs 7.5%, and for co-ops, the average cut was 6.4%, compared to last quarterʼs 6.7%. LISTINGS SPEND LESS TIME ON MARKET. The average time on market for condo resale listings decreased by 10.2% since last quarter and by 9.8% since last year, while co-ops sat on the market for 7.7% fewer days than last quarter and 11.4% shorter than the prior year. This quarter, condo resales stayed on the market for an average of 136 days, while co-op resales were on the market for an average of 125 days. StreetEasy.com is a real estate website providing in-depth information across all brokerages and offering you the power to search, sort, and manage that information effectively, as well as the tools to keep you on top of the market. 1

2 Market Snapshot Inventory week starting on Inventory 3/29/10 4/5/10 4/12/10 4/19/10 4/26/10 5/3/10 5/10/10 5/17/10 5/24/10 5/31/10 6/7/10 6/14/10 6/21/10 Available Listings 10,283 10,478 10,616 10,597 10,525 10,422 10,417 10,507 10,454 10,467 10,490 10,535 10,445 New Listings Absorbed Listings Inventory presented here is for all active listings (unique, with verified addresses) on the market, which includes available listings and in-contract listings that have not yet closed. The pace of new listings has increased slightly compared to the previous quarter. This quarter, an average of 403 have been added every week, an increase of 1.6%, compared to the last quarter where an average of 397 new listings were added every week. Additionally, an average of 465 listings have been absorbed every week, compared to last quarter s average of 406 absorbed listings per week, an increase of 14.5%. Inventory levels this quarter were 5.2% higher than last quarter and 5.9% lower than this time last year. *Absorbed listings refer to available and in-contract listings that have been taken off the market either because they were de-listed, taken temporarily off the market, or because they were sold and closed. 12,000 #$%&'(%)*%+,-.' 10,000 8,000 6,000 /,1,2#' 4,000 2,000 /,%0,#' 0 7/5/09 8/5/09 9/5/09 10/5/09 11/5/09 12/5/09 1/5/10 2/5/10 3/5/10 4/5/10 5/5/10 6/5/ #$%&'$%()*+("'$,-).&/)$ /29/10 4/5/10 4/12/10 4/19/10 4/26/10 5/3/10 5/10/10 5/17/10 5/24/10 5/31/10 6/7/10 6/14/10 #$%&'()*'$ +,'-.,"/$%&'()*'$ 2

3 Market Snapshot Price Cuts There were 4,402 listings (approximately 29.3% of all active listings) that had price cuts this quarter, compared to 3,996 listings with cuts last quarter. There were 9.2% more condo listings with price cuts than last quarter but 20.6% fewer than last year. 54.6% of all price cuts were for co-op listings. Condos had an average discount of 6.9% and co-ops had an average cut of 6.4%, which are comparatively less steep than the average cut of 7.5% (for condos) and 6.7% (for co-ops) from last quarter. Condos % Change Since Co-ops % Change Since # of Price reases Q1 Q2 Q1 Q2 Overall 1, % -20.6% 2, % -18.6% Downtown % -24.4% % -31.8% Midtown % -25.0% % -9.8% Upper West Side % -23.5% % -23.8% Upper East Side % -15.8% % -18.7% Upper % 13.4% % 18.7% Condos % Change Since Co-ops % Change Since Average Price reases Q1 Q2 Q1 Q2 Overall -6.9% -7.0% -16.9% -6.4% -3.4% -18.3% Downtown -7.0% -6.1% -14.8% -6.3% -0.2% -18.5% Midtown -6.3% -10.0% -27.8% -6.3% -2.4% -15.8% Upper West Side -6.2% -13.2% -19.3% -5.9% -6.8% -22.3% Upper East Side -7.4% -0.3% 3.6% -6.7% -5.1% -20.7% Upper -8.0% -6.4% -11.8% -7.0% 1.7% -1.8% 3

4 Market Snapshot Price Increases This quarter, there were 298 listings with price increases, 6.8% more than last quarter, and 48.3% more than a year ago. This quarter, condo listings had 46.2% more increases compared to the prior year. Additionally, there were 63.6% more co-op listings with price increases than the previous year. Condo listings had an average price increase of 5.6% while co-op listings had an average increase of 5.2% this quarter. Condos % Change Since Co-ops % Change Since # of Price Increases Q1 Q2 Q1 Q2 Overall % 46.2% % 63.6% Downtown % 60.0% % 137.5% Midtown % 105.4% % 163.6% Upper West Side % 47.4% % 83.3% Upper East Side % 26.7% % 3.6% Upper % -54.2% % 28.6% Condos % Change Since Co-ops % Change Since Average Price Increases Q1 Q2 Q1 Q2 Overall 5.6% 3.7% 5.3% 5.2% 17.7% -10.6% Downtown 5.2% -7.2% 0.9% 4.8% -5.9% -22.9% Midtown 6.0% 17.2% 13.2% 5.2% -1.2% -10.7% Upper West Side 5.5% 4.7% 35.4% 5.1% 10.4% -14.2% Upper East Side 5.2% -22.6% -18.5% 4.9% 27.5% -10.1% Upper 6.8% 22.6% 9.6% 7.2% 258.2% 9.0% 4

5 Market Snapshot In Contracts April % change May % change e % change Contracts Aprl May New Contracts 1, % 1, % % Broken Contracts % % % This quarter, there were 2,914 listings that entered into contract, a 21.9% increase compared to last quarter (which had 2,390 contracts), and a 17.6% increase since a year ago (which had 2,477 contracts). Additionally, there were a total of 281 broken contracts this quarter, a 47.9% increase from last quarter, which had 190 broken contracts. (Please note that broken contracts do not necessarily mean buyers have walked away from deposits. Listings previously in contract that are now available may be due to co-op board rejections, as well as developers allowing buyers out of their contracts.) 1,200 #$%&'$()*+"&$,*&-)./-0$ 1, Jul-09 Aug-09 Sep-09 Oct-09 Nov Jan-10 Feb-10 Mar-10 Apr-10 May-10 #$%&'()*+(,$ -)&."'$%&'()*+(,$ 5

6 StreetEasy Facts for Most Closings # of Closings Average Price Upper West Side 343 $1,542,376 $850,000 Midtown East 286 $855,710 $650,000 Upper East Side 203 $1,890,942 $1,061,250 Lincoln Square 195 $1,605,132 $1,008,067 Greenwich Village 168 $1,447,663 $960,050 # of Most Price Cuts # of Cuts Average Discount Midtown East % Upper East Side % Upper West Side % Lenox Hill % Lincoln Square % Proportion of Price Cuts % of All Listings Average Discount Hudson Heights 40.3% -6.30% Lenox Hill 36.2% -7.37% Upper East Side 35.7% -7.86% Sutton Place 35.1% -6.60% Washington Heights 35.0% -7.09% Most Searched 'Hoods Most Searched Buildings 1. West Village Delancey Street in Lower East Side 2. Greenwich Village 2. The Sheffield at 322 West 57th Street in Clinton 3. Gramercy Park 3. Devonshire House at 28 East 10th Street in Greenwich Village 4. Chelsea 4. Chelsea Mercantile at 252 Seventh Avenue in Chelsea 5. Soho Gramercy Park East in Gramercy Park Most Expensive Closings Unit # Unit Type Final Price 137 Prince Street #6/7/PH Co-op $27,500,000 One York Street #PH Condo $23,689, Park Avenue #4A Co-op $21,995, East 63rd Street Townhouse $19,660, East 81st Street Townhouse $19,600,000 Biggest Price Cuts Unit # Most Recent List Price Price at Start of % Cut 317 West 54th Street #2G $239,900 $399, % 55 Wall Street #702 $999,000 $1,650, % 303 East 57th Street #42D $732, % 303 East 57th Street #30F $995,000 $1,450, % 32 East 76th Street #805 $1,550,000 $2,250, % 6

7 Overall Market $1,400,000 1#-+#"2()&'()" & &! % %! $ $! #$"%&'()" Overall average and median prices gained 3.5% and 2.6%, respectively, since last quarter, and by 4.1% and and 2.6%, respectively, since last year. Condo and coop resales average and median prices remained relatively steady since last quarter but both gained 4.2% and 10.2%, respectively since last year. New developments had 2.4% increase in average price and a 30.2% increase in median price since last quarter. The bulk of closings occurred among co-op resales (52.3%). New developments had increased market share by 51.2%, as they comprised 19.7% of all closings. 61.6% of closings were under $1M. 1#2#3"4()&'()" *! $1,600,000 1(2"3(4('#56(-7)" *! $700,000 )! $1,400,000 )! $300,000 (! &! %! $! #$"%&'()" (! &! %! $! #$"%&'()" $100,000 #! #! Average Price % Change Since % Change Since Average DoM % Change Since Recorded Prices Q1 Q2 Q1 Q2 Q1 Q2 Overall $1,389, % 4.1% 2.6% 2.6% % -6.4% Condo Resales $1,496, % 4.2% $970, % 10.2% % -9.8% Co-op Resales $1,024, % 9.5% $630, % 5.0% % -11.4% New Developments $1,860, % 4.4% $1,220, % 2.6% % 2.8% New Devs % Change Since Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Q1 Q2 Number of Sales % 31.6% % 87.1% 1, % 76.0% Less than % 127.9% % 82.5% % 56.3% % -5.0% % 61.9% % 76.0% - $3,000, % 29.8% % 92.2% % 107.6% $3,000,000 - $5,000, % 33.3% % 240.9% % 176.2% $5,000,000 - $10,000, % 77.8% % 187.5% % 16.7% More than $10,000, % 37.5% % 66.7% % 125.0% 7

8 Luxury Market Average Price % Change Since % Change Since Recorded Prices Q1 Q2 Q1 Q2 Overall $5,371, % -6.0% $4,032, % -4.5% Downtown $4,910, % 14.7% $3,885, % 5.6% Midtown $6,941, % 8.4% $4,600, % -8.0% Upper West Side $5,945, % -27.3% $4,300, % 1.0% Upper East Side $5,247, % -5.8% $4,061, % -13.1% Upper n/a n/a n/a n/a n/a n/a The luxury market is defined as the top 10% of all condo and co-op sales, in terms of price. This quarter, the luxury market was comprised of sales at $2.875M and above, a 1.8% increase from last quarter s 90thpercentile price of $2.825M. Median price among luxury new development closings decreased by 12.0% and average price decreased by 7.2% since last quarter. The total number of luxury sales this quarter (314) increased by 14.2% since last quarter and doubled (by 102.6%) since last year. 36.3% of luxury market closings occurred in the Upper East Side while 35.7% of them occurred in Downtown. Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Number of Sales % 86.1% % 117.4% Downtown % 161.5% % 100.0% Midtown % -21.1% % 150.0% Upper West Side % 175.0% % 200.0% Upper East Side % 29.3% % 96.8% Upper 0 n/a 0.0% 0 n/a n/a 8

9 Townhouses Average Price % Change Since % Change Since Recorded Prices Q1 Q2 Q1 Q2 Overall $4,411, % -10.4% $3,250, % 5.6% Downtown $3,938, % -18.7% $3,758, % 10.8% Midtown $2,937, % 37.4% $2,775, % 29.8% Upper West Side $5,792, % 12.8% $5,537, % 21.7% Upper East Side $9,371, % 12.9% $7,475, % 28.9% Upper $954, % -9.6% $970, % 6.5% Median sale price for townhouses increased by 25.0% since last quarter and by 5.6% since last year. The volume of townhouse sales in overall increased by 60.5% since last quarter and by 72.5% since last year, with 69 closings this quarter. Out of these 69 closings, over one-third of them (37.7%) were in Upper. Sales % Change Since Number of Sales Q1 Q2 Number of Sales % 72.5% Downtown % 10.0% Midtown 4 0.0% 100.0% Upper West Side % 120.0% Upper East Side % 30.8% Upper % 160.0% 9

10 Downtown Below 34 th Street $1,600,000 $1,400,000 1#-+#"2()&'()" '$ & % $ #$"%&'()" The Downtown market experienced a median price increase of 4.5%, to $950K since last quarter, while average price increased by 2.2%, to $1.49M. Condo resale average and median prices increased by 8.7% and 12.5%, respectively since last quarter. New development average and median prices rose by 3.1% and 26.1% while co-op average and median prices declined by 8.1% and 7.6% respectively since last quarter. The volume of sales has increased for condo resales by 33.3% since the prior quarter and by 114.4% since the prior year. Co-op resales also increased 24.7% since last quarter and by 65.5% since last year. New development closings rose by 8.7% since last quarter and are up 37.4% since last year. 1#2#3"4()&'()" % $2,000,000 1(2"3(4('#56(-7)" $700,000 $300,000 $100,000 %! $ $! #$"%&'()" $1,800,000 $1,600,000 $1,400,000 & &! % %! $ $! #$"%&'()" Average Price % Change Since % Change Since Average DoM % Change Since Recorded Prices Q1 Q2 Q1 Q2 Q1 Q2 Overall $1,491, % 16.4% $950, % 5.6% % -18.2% Condo Resales $1,753, % 34.4% $1,280, % 24.3% % -14.7% Co-op Resales $830, % 4.8% $633, % 2.3% % -18.6% New Developments $2,051, % 17.1% $1,476, % 9.4% % -22.2% New Devs % Change Since Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Q1 Q2 Number of Sales % 37.4% % 114.4% % 65.5% Less than % 66.7% % 150.0% % 50.5% % 12.3% % 67.3% % 61.9% - $3,000, % 28.4% % 93.2% % 126.2% $3,000,000 - $5,000, % 122.2% % 311.1% % -50.0% $5,000,000 - $10,000, % 157.1% % n/a 0 n/a % More than $10,000, % 0.0% % n/a 0 n/a n/a 10

11 Midtown From 34 th Street to 59 th Street 1#-+#"2()&'()" & % $ #$"%&'()" The Midtown market saw a nominal decrease of 0.4% in average price to $1.02M since last quarter and a 6.6% drop since last year. Overall median sale price increased by 5.7% to $693K since last quarter and increased by 0.4% since last year. Condo resale and co-op resale median prices increased by 0.3% and 7.9%, respectively since last quarter. However, new developments average and median prices dropped by 45.8% and 29.1%, respectively, since last quarter. Volume of sales for new developments increased by 50.0% since last quarter, and by 20.0% since last year. Midtown properties are spending 4.0% more time on the market than last quarter and 7.3% more than last year. $700,000 1#2#3"4()&'()" '% $1,600,000 1(2"3(4('#56(-7)" '& $300,000 $100,000 '$ & % $ #$"%&'()" $1,400,000 '% '$ & % $ #$"%&'()" Average Price % Change Since % Change Since Average DoM % Change Since Recorded Prices Q1 Q2 Q1 Q2 Q1 Q2 Overall $1,020, % -6.6% $692, % 0.4% % 7.3% Condo Resales $1,282, % -0.4% $814, % -1.3% % 8.7% Co-op Resales $759, % 15.4% $545, % 9.2% % -11.9% New Developments $1,220, % -31.9% $947, % -3.6% % 77.5% New Devs % Change Since Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Q1 Q2 Number of Sales % 20.0% % 65.7% % 81.0% Less than % 800.0% % 24.0% % 54.7% % 4.8% % 63.9% % 107.8% - $3,000, % 63.6% % 100.0% % 96.6% $3,000,000 - $5,000, % % % 25.0% % 200.0% $5,000,000 - $10,000, % % % -25.0% % n/a More than $10,000, % -66.7% % 100.0% 0 n/a n/a 11

12 Upper East Side From 59 th Street to 96 th Street, from Fifth Avenue to the East River $1,600,000 $1,400,000 1#-+#"2()&'()" ) ( ' & % $ #$"%&'()" Overall average and median prices both increased by 6.7% and 7.6%, respectively, since last quarter. Compared to a year ago, they are both up 4.8% and 7.8%, respectively. Condo resales average price went down by 15.2% and median price went down by 6.6%. Co-op resale average and median prices made gains of about 5.8% and 1.9%, respectively. New development average price increased by 3.4% since last quarter and by 10.6% since last year. New development median price rose 27.7% since last quarter and by 43.4% since last year. Overall time on market fell 3.1% since last quarter. New development closings made up 13.5% of all UES closings this quarter, while co-op closings made up 66.5%. 1#2#3"4()&'()" #! $3,500,000 1(2"3(4('#56(-7)" ) '& '% '$ & % $ #$"%&'()" $3,000,000 $2,500,000 $2,000,000 $1,500,000 ( ' & % $ #$"%&'()" Average Price % Change Since % Change Since Average DoM % Change Since Recorded Prices Q1 Q2 Q1 Q2 Q1 Q2 Overall $1,872, % 4.8% $1,034, % 7.8% % -1.8% Condo Resales $1,471, % 10.0% $1,032, % 3.3% % -24.3% Co-op Resales $1,506, % 8.2% $815, % 8.7% % -2.4% New Developments $2,753, % 10.6% $2,291, % 43.4% % 39.0% New Devs % Change Since Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Q1 Q2 Number of Sales % -19.7% % 23.9% % 66.6% Less than % 40.0% % 28.6% % 31.8% % -83.3% % 8.3% % 76.0% - $3,000, % 10.2% % 21.3% % 76.9% $3,000,000 - $5,000, % 19.0% % 140.0% % 166.7% $5,000,000 - $10,000, % -50.0% % 100.0% % 35.7% More than $10,000, % -50.0% % n/a % 100.0% 12

13 Upper West Side From 59 th Street to 110 th Street, From CPW to the Hudson River $1,800,000 $1,600,000 $1,400,000 1#-+#"2()&'()" '$ & % $ #$"%&'()" Overall average price for the Upper West Side increased by 5.5% since last quarter and by 8.1% since last year. Overall median price also increased by 1.7% since last quarter and by 13.5% since last year. Condo resales average price is down 6.1% since last quarter and 26.5% since last year. However, condo resales median price increased by 1.4% since last quarter and 7.1% since last year. New developments had the biggest price gains as average price went up 36.9% since last quarter and 51.9% since last year. The volume of new development closings dropped by 13.1 % since last quarter but increased by 52.1% since last year. Condo and co-op closings increased by 103.9% and 75.3%, respectively, since the prior year. $900,000 1#2#3"4()&'()" '& $3,500,000 1(2"3(4('#56(-7)" '$ $700,000 $300,000 $100,000 '% '$ & % $ #$"%&'()" $3,000,000 $2,500,000 $2,000,000 $1,500,000 & % $ #$"%&'()" Average Price % Change Since % Change Since Average DoM % Change Since Recorded Prices Q1 Q2 Q1 Q2 Q1 Q2 Overall $1,516, % 8.1% $880, % 13.5% % -13.1% Condo Resales $1,578, % -26.5% $999, % 7.1% % -17.2% Co-op Resales $1,113, % 21.9% $750, % 20.0% % -22.5% New Developments $2,752, % 51.9% $1,669, % 5.8% % 23.4% New Devs % Change Since Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Q1 Q2 Number of Sales % 52.1% % 103.9% % 75.3% Less than % 250.0% % 155.6% % 38.8% % 0.0% % 57.1% % 68.9% - $3,000, % 41.7% % 133.3% % 128.9% $3,000,000 - $5,000, % -50.0% % 200.0% % 425.0% $5,000,000 - $10,000, % 900.0% % 900.0% % % More than $10,000, % n/a % -33.3% 3 n/a 200.0% 13

14 Upper Above 96 th Street in the East, above 110 th Street in the West $700,000 $300,000 $100,000 1#-+#"2()&'()" '%" '$" '#" ' &" %" $" #" #$"%&'()" Overall Upper s average and median prices have continued to drop - by 3.0% and 10.7%, respectively, since last quarter, and by 7.1% and 15.0%, respectively since last year. Average condo resale price gained by 19.2% since last quarter and is up 51.1% since last year. Average co-op resale price declined by 12.3% since last quarter and by 11.9% since last year. New development average and median prices have also continued to fall by 38.9% and 9.5%, respectively, since last quarter and by 9.4% and 17.2%, respectively, since last year. The volume of closings for condo resales increased by 36.8% since last quarter and by 62.5% since the prior year. New developments made up 42.0% of the closings this quarter, 95.7% of which were priced under $1M. 1#2#3"4()&'()" ) $700,000 1(2"3(4('#56(-7)" ( $300,000 ' & % $ #$"%&'()" $300,000 & % $ #$"%&'()" $100,000 $100,000 Average Price % Change Since % Change Since Average DoM % Change Since Recorded Prices Q1 Q2 Q1 Q2 Q1 Q2 Overall $440, % -7.1% $344, % -15.0% % 10.4% Condo Resales $540, % 51.1% $445, % 7.2% % -6.4% Co-op Resales $359, % -11.9% $300, % -19.2% % 17.4% New Developments $506, % -9.4% $343, % -17.2% % 10.9% New Devs % Change Since Condos % Change Since Co-ops % Change Since Number of Sales Q1 Q2 Q1 Q2 Q1 Q2 Number of Sales % 76.1% % 62.5% % 121.0% Less than % 129.3% % 36.4% % 145.5% % -4.8% % 100.0% % 46.7% - $3,000, % -25.0% 1 n/a n/a % 133.3% $3,000,000 - $5,000, % n/a 0 n/a n/a 0 n/a n/a $5,000,000 - $10,000,000 0 n/a % 0 n/a n/a 0 n/a n/a More than $10,000, % n/a 0 n/a n/a 0 n/a n/a 14