Quarterly Market Statistics - 2022 Q4
Units Sold:
19,097
Average Sold Price:
$403,668
Average Sold Discount:
6%
Average Price Reduction:
3%
Average DOM:
54
Sold Listings
19,097
-29% from 2021
Average
$403,668
5% from 2021
Typical
$257k to $450k
$243k to $420k in 2021
Homes Sold per Price Range
A visual price spectrum representation
$30kto$62k | $62kto$94k | $94kto$126k | $126kto$158k | $158kto$232k | $232kto$306k | $306kto$380k | $380kto$454k | $454kto$529k | $529kto$603k | $603kto$677k | $677kto$751k | $751kto$825k | $825kto$5.9M | $5.9Mto$10.9M | $10.9Mto$16.0M | $16.0Mto$21.0M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 40 | 161 | 294 | 459 | 2,293 | 4,912 | 3,868 | 2,439 | 1,444 | 944 | 597 | 451 | 233 | 952 | 8 | 1 | 1 |
2021 | 77 | 232 | 474 | 699 | 4,135 | 7,282 | 5,271 | 2,979 | 1,659 | 1,129 | 763 | 470 | 305 | 1,236 | 3 |
Average
$174
7% from 2021
Typical
$138 to $189
$126 to $176 in 2021
Number of Homes Sold by Sold Price per Square Foot
Breaking down the market by $/SF ranges
$29to$48 | $48to$67 | $67to$86 | $86to$104 | $104to$125 | $125to$146 | $146to$166 | $166to$187 | $187to$208 | $208to$229 | $229to$249 | $249to$270 | $270to$291 | $291to$817 | $817to$1,343 | $1,343to$1,869 | $1,869to$2,395 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 18 | 95 | 227 | 613 | 1,823 | 3,525 | 4,371 | 3,430 | 1,907 | 1,036 | 542 | 327 | 193 | 945 | 7 | 1 | |
2021 | 41 | 155 | 401 | 1,418 | 4,448 | 6,324 | 5,358 | 3,348 | 1,742 | 923 | 529 | 366 | 299 | 1,302 | 6 | 1 |
Avg Days to Sell
54
33% from 2021
Typical Days to Sell
10 to 75
5 to 49 in 2021
Days on the Market Distribution
The number of homes sold in each DOM range
-24to-2 | -2to20 | 20to42 | 42to64 | 64to85 | 85to107 | 107to129 | 129to151 | 151to173 | 173to632 | 632to1,090 | 1,090to1,549 | 1,549to2,007 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 2 | 7,274 | 3,687 | 2,414 | 1,700 | 1,223 | 865 | 584 | 384 | 949 | 12 | 2 | 1 |
2021 | 5 | 14,839 | 4,272 | 2,394 | 1,608 | 1,105 | 706 | 466 | 327 | 941 | 41 | 9 | 4 |
Avgerage
3%
182% from 2021
Typical
0% to 5%
0% to 0% in 2021
Price Reduction Distribution
Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)
-42%to-32% | -32%to-21% | -21%to-11% | -11%to0% | 0%to2% | 2%to3% | 3%to5% | 5%to6% | 6%to8% | 8%to10% | 10%to11% | 11%to13% | 13%to14% | 14%to22% | 22%to29% | 29%to36% | 36%to43% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 4 | 12 | 31 | 582 | 10,452 | 1,333 | 1,424 | 1,112 | 894 | 819 | 595 | 458 | 383 | 783 | 130 | 29 | 11 |
2021 | 7 | 21 | 138 | 1,532 | 18,955 | 1,591 | 1,401 | 938 | 593 | 453 | 301 | 221 | 150 | 252 | 59 | 21 | 8 |
Average
6%
198% from 2021
Typical
0% to 9%
to 5% in 2021
Discounts Distribution - From Initial List Price
Number of homes sold from each discount rack
-49%to-37% | -37%to-26% | -26%to-14% | -14%to-3% | -3%to0% | 0%to2% | 2%to4% | 4%to7% | 7%to9% | 9%to12% | 12%to14% | 14%to16% | 16%to19% | 19%to27% | 27%to34% | 34%to42% | 42%to50% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 5 | 13 | 43 | 887 | 1,222 | 4,857 | 2,900 | 2,326 | 1,932 | 1,430 | 1,023 | 834 | 608 | 720 | 168 | 50 | 17 |
2021 | 9 | 26 | 139 | 4,289 | 3,480 | 8,092 | 3,868 | 2,499 | 1,574 | 933 | 615 | 374 | 237 | 319 | 112 | 51 | 20 |
Avgerage
3%
219% from 2021
Typical
0% to 4%
to 3% in 2021
Negotiated Discounts from Final List Price
The percentage difference between final list price and closed price, distributed
-49%to-37% | -37%to-26% | -26%to-14% | -14%to-3% | -3%to-1% | -1%to0% | 0%to2% | 2%to3% | 3%to5% | 5%to6% | 6%to8% | 8%to9% | 9%to11% | 11%to21% | 21%to30% | 30%to40% | 40%to50% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 5 | 8 | 35 | 906 | 922 | 5,545 | 2,462 | 2,850 | 2,013 | 1,376 | 958 | 640 | 405 | 810 | 111 | 32 | 7 |
2021 | 5 | 19 | 90 | 3,782 | 2,277 | 8,402 | 3,349 | 3,338 | 2,012 | 1,218 | 757 | 459 | 291 | 590 | 87 | 32 | 7 |
Sold Homes by Month Closed
October | November | December | |
---|---|---|---|
2022 | 6,713 | 5,904 | 6,480 |
2021 | 8,751 | 8,568 | 9,401 |
Monthly New Listings
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2022 | 1,460 | 2,402 | 3,658 | 6,190 | 8,401 | 12,602 |
2021 | 1,445 | 2,353 | 3,673 | 6,167 | 8,379 | 12,627 |
New Pending Contracts per Month
Tracking the number of homes that go from active to pending, by month
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2022 | 212 | 538 | 779 | 913 | 1,348 | 3,339 |
2021 | 198 | 536 | 785 | 948 | 1,396 | 3,447 |
Average Days to Sell versus List Price
Modeling the market pace across the price spectrum
$64k | $86k | $108k | $131k | $153k | $175k | $198k | $220k | $242k | $265k | $287k | $309k | $331k | $354k | $376k | $398k | $420k | $443k | $465k | $487k | $509k | $532k | $554k | $810k | $1.3M | $1.8M | $2.3M | $2.8M | $3.3M | $3.8M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 60 | 60 | 35 | 35 | 41 | 38 | 35 | 41 | 41 | 44 | 49 | 50 | 59 | 56 | 55 | 60 | 65 | 63 | 59 | 60 | 64 | 64 | 68 | 63 | 59 | 82 | 73 | 197 | 141 | 149 |
2021 | 88 | 38 | 40 | 43 | 44 | 31 | 28 | 24 | 22 | 24 | 29 | 33 | 33 | 38 | 39 | 42 | 47 | 47 | 48 | 46 | 48 | 45 | 50 | 57 | 93 | 142 | 146 | 165 | 170 | 152 |
Average Days to Sell versus Price per Square Foot
A closer look at how price bracket impacts the market pace
$42.99 | $55.01 | $67.03 | $79.05 | $91.07 | $103.09 | $115.11 | $124.1 | $130.06 | $136.02 | $141.97 | $147.93 | $153.89 | $159.85 | $165.81 | $171.76 | $177.72 | $183.68 | $189.64 | $195.6 | $201.56 | $207.51 | $213.47 | $264.76 | $361.39 | $458.02 | $554.65 | $651.28 | $747.91 | $844.54 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 27 | 37 | 61 | 44 | 40 | 44 | 47 | 50 | 46 | 49 | 50 | 50 | 49 | 46 | 49 | 50 | 51 | 60 | 69 | 68 | 66 | 57 | 63 | 61 | 64 | 65 | 78 | 63 | 60 | 62 |
2021 | 45 | 42 | 55 | 41 | 33 | 36 | 29 | 26 | 26 | 28 | 25 | 29 | 28 | 32 | 32 | 37 | 38 | 45 | 48 | 52 | 52 | 62 | 63 | 66 | 85 | 76 | 63 | 109 | 92 | 8 |
Average Days to Sell versus Home Size
Market momentum as segemented by square footage range
559 | 674 | 788 | 903 | 1,017 | 1,131 | 1,246 | 1,360 | 1,473 | 1,587 | 1,700 | 1,813 | 1,927 | 2,040 | 2,154 | 2,267 | 2,381 | 2,494 | 2,608 | 2,721 | 2,834 | 2,948 | 3,061 | 3,596 | 4,553 | 5,510 | 6,467 | 7,424 | 8,381 | 9,338 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 23 | 47 | 46 | 42 | 43 | 41 | 39 | 44 | 44 | 50 | 51 | 52 | 49 | 53 | 50 | 53 | 58 | 62 | 61 | 57 | 55 | 66 | 59 | 61 | 61 | 76 | 131 | 133 | 136 | 358 |
2021 | 66 | 59 | 57 | 49 | 40 | 35 | 35 | 32 | 33 | 34 | 34 | 36 | 35 | 35 | 34 | 40 | 39 | 40 | 38 | 38 | 40 | 46 | 42 | 46 | 64 | 115 | 136 | 160 | 154 | 399 |
Year Built versus Time-to-Sell
Buyer demand trends from the Roaring Twenties to modern marvels
1869 | 1886 | 1904 | 1921 | 1938 | 1956 | 1973 | 1983 | 1986 | 1988 | 1991 | 1994 | 1996 | 1999 | 2001 | 2004 | 2006 | 2009 | 2011 | 2014 | 2017 | 2019 | 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 97 | 38 | 32 | 67 | 57 | 49 | 43 | 34 | 41 | 48 | 38 | 37 | 38 | 46 | 42 | 43 | 47 | 42 | 43 | 48 | 44 | 47 | 77 |
2021 | 62 | 39 | 56 | 60 | 49 | 50 | 35 | 29 | 27 | 29 | 28 | 35 | 33 | 33 | 33 | 32 | 35 | 35 | 29 | 32 | 32 | 34 | 64 |
Average Days-to-Sell for Each Month
October | November | December | |
---|---|---|---|
2022 | 46 | 52 | 64 |
2021 | 37 | 41 | 43 |
Price per Square Foot versus Total Sq Ft
The correlation between total home size and sold price per square foot
545 | 632 | 718 | 805 | 891 | 977 | 1,064 | 1,170 | 1,296 | 1,421 | 1,547 | 1,673 | 1,798 | 1,924 | 2,050 | 2,175 | 2,301 | 2,427 | 2,552 | 2,678 | 2,804 | 2,929 | 3,055 | 3,596 | 4,553 | 5,510 | 6,467 | 7,424 | 8,381 | 9,338 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | $231 | $203 | $215 | $211 | $183 | $178 | $185 | $183 | $177 | $177 | $172 | $167 | $171 | $167 | $164 | $163 | $169 | $161 | $162 | $164 | $166 | $165 | $171 | $178 | $218 | $249 | $318 | $330 | $452 | $401 |
2021 | $223 | $209 | $199 | $196 | $183 | $182 | $174 | $175 | $170 | $169 | $164 | $160 | $156 | $155 | $154 | $154 | $153 | $152 | $147 | $148 | $152 | $156 | $151 | $163 | $191 | $239 | $292 | $344 | $262 | $357 |
Available Units
9,463
Total Sold
5,627
Average
6%
198% from 2021
Typical Discount
0% to 9%
to 5% in 2021
New Construction Homes
Units Sold:
5,627
Average Sold Price:
$421,259
Average Sold Discount:
7%
Average Price Reduction:
5%
Average DOM:
78
Sold Listings
5,627
15% from 2021
Average
$421,259
6% from 2021
Typical
$298k to $467k
$282k to $426k in 2021
New Homes Sold per Price Range
A visual price spectrum representation
$130kto$157k | $157kto$184k | $184kto$211k | $211kto$238k | $238kto$293k | $293kto$348k | $348kto$404k | $404kto$459k | $459kto$514k | $514kto$569k | $569kto$625k | $625kto$680k | $680kto$735k | $735kto$2.1M | $2.1Mto$3.5M | $3.5Mto$4.9M | $4.9Mto$6.3M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 10 | 13 | 65 | 192 | 988 | 1,220 | 1,021 | 637 | 448 | 282 | 188 | 162 | 119 | 259 | 16 | 7 | |
2021 | 11 | 22 | 96 | 258 | 1,096 | 1,153 | 821 | 448 | 299 | 192 | 143 | 110 | 59 | 182 | 9 | 3 | 2 |
Average
$181
6% from 2021
Typical
$156 to $195
$146 to $185 in 2021
Number of New Homes Sold by Sold Price per Square Foot
Breaking down the market by $/SF ranges
$95to$105 | $105to$114 | $114to$124 | $124to$134 | $134to$146 | $146to$158 | $158to$171 | $171to$183 | $183to$195 | $195to$207 | $207to$220 | $220to$232 | $232to$244 | $244to$435 | $435to$626 | $626to$817 | $817to$1,008 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 4 | 11 | 58 | 208 | 519 | 808 | 961 | 887 | 765 | 485 | 331 | 178 | 119 | 248 | 30 | 2 | 1 |
2021 | 15 | 70 | 174 | 315 | 665 | 769 | 827 | 717 | 526 | 295 | 179 | 76 | 53 | 183 | 19 | 2 |
Avg Days to Sell
78
15% from 2021
Typical Days to Sell
17 to 115
8 to 97 in 2021
Days on the Market Distribution - New Homes
The number of homes sold in each DOM range
-24to4 | 4to32 | 32to60 | 60to88 | 88to116 | 116to144 | 144to173 | 173to201 | 201to229 | 229to458 | 458to686 | 686to915 | 915to1,144 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 699 | 1,384 | 925 | 685 | 550 | 403 | 346 | 223 | 130 | 261 | 17 | 3 | 1 |
2021 | 1,010 | 1,248 | 767 | 519 | 384 | 326 | 194 | 145 | 106 | 179 | 12 | 7 | 3 |
Avgerage
5%
1486% from 2021
Typical
0% to 9%
0% to 1% in 2021
Price Reduction Distribution
Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)
-42%to-32% | -32%to-22% | -22%to-12% | -12%to-1% | -1%to0% | 0%to2% | 2%to4% | 4%to6% | 6%to8% | 8%to10% | 10%to12% | 12%to14% | 14%to16% | 16%to19% | 19%to23% | 23%to26% | 26%to29% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 1 | 4 | 16 | 261 | 2,090 | 381 | 431 | 496 | 470 | 395 | 329 | 241 | 226 | 178 | 78 | 20 | 6 |
2021 | 3 | 9 | 88 | 656 | 2,814 | 325 | 389 | 276 | 162 | 86 | 47 | 21 | 12 | 6 | 3 |
Average
7%
367% from 2021
Typical
1% to 12%
1% to 4% in 2021
Discounts Distribution - From Initial List Price
Number of homes sold from each discount rack
-49%to-37% | -37%to-25% | -25%to-13% | -13%to-2% | -2%to1% | 1%to3% | 3%to6% | 6%to8% | 8%to10% | 10%to13% | 13%to15% | 15%to17% | 17%to20% | 20%to27% | 27%to35% | 35%to42% | 42%to50% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 2 | 1 | 16 | 260 | 1,103 | 557 | 590 | 626 | 641 | 511 | 451 | 359 | 224 | 261 | 17 | 3 | 1 |
2021 | 1 | 3 | 47 | 693 | 1,919 | 827 | 541 | 413 | 211 | 117 | 63 | 29 | 9 | 16 | 6 | 1 | 1 |
Avgerage
3%
118% from 2021
Typical
0% to 5%
0% to 2% in 2021
Negotiated Discounts from Final Builder List Price
The percentage difference between final list price and closed price, distributed
-49%to-37% | -37%to-25% | -25%to-13% | -13%to-1% | -1%to0% | 0%to1% | 1%to3% | 3%to4% | 4%to5% | 5%to7% | 7%to8% | 8%to9% | 9%to11% | 11%to21% | 21%to30% | 30%to40% | 40%to50% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 1 | 2 | 6 | 272 | 1,938 | 559 | 679 | 586 | 424 | 319 | 251 | 184 | 124 | 260 | 17 | 4 | 1 |
2021 | 1 | 6 | 307 | 2,176 | 798 | 640 | 411 | 192 | 139 | 89 | 49 | 32 | 56 | 7 | 3 | 1 |
New Homes Sold Homes by Month Closed
October | November | December | |
---|---|---|---|
2022 | 1,687 | 1,704 | 2,236 |
2021 | 1,387 | 1,568 | 1,952 |
Monthly New Listings
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2022 | 698 | 1,029 | 1,657 | 2,629 | 3,265 | 3,742 |
2021 | 675 | 983 | 1,644 | 2,563 | 3,153 | 3,678 |
New Pending Contracts per Month
Tracking the number of homes that go from active to pending, by month
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2022 | 169 | 321 | 432 | 576 | 850 | 1,454 |
2021 | 154 | 316 | 437 | 614 | 883 | 1,544 |
Average Days to Sell versus List Price
Modeling the market pace across the price spectrum
$148k | $166k | $183k | $200k | $217k | $234k | $251k | $270k | $289k | $308k | $328k | $347k | $366k | $386k | $405k | $424k | $444k | $463k | $482k | $502k | $521k | $540k | $560k | $772k | $1.2M | $1.6M | $2.0M | $2.4M | $2.8M | $3.2M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 137 | 58 | 88 | 40 | 52 | 55 | 56 | 64 | 62 | 69 | 74 | 87 | 76 | 77 | 91 | 88 | 91 | 73 | 87 | 88 | 74 | 106 | 69 | 86 | 98 | 102 | 106 | 72 | 254 | 339 |
2021 | 16 | 37 | 82 | 61 | 50 | 39 | 38 | 43 | 55 | 52 | 60 | 70 | 55 | 66 | 62 | 70 | 73 | 77 | 91 | 77 | 74 | 64 | 71 | 88 | 140 | 278 | 337 | 316 | 966 | 289 |
Average Days to Sell versus Price per Square Foot
A closer look at how price bracket impacts the market pace
$109.98 | $115.3 | $120.62 | $125.95 | $131.27 | $136.6 | $141.92 | $146.83 | $151.32 | $155.81 | $160.3 | $164.79 | $169.28 | $173.77 | $178.26 | $182.75 | $187.24 | $191.73 | $196.22 | $200.71 | $205.2 | $209.69 | $214.18 | $243.19 | $296.7 | $350.22 | $403.73 | $457.25 | $510.76 | $564.28 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 81 | 33 | 43 | 75 | 80 | 82 | 79 | 73 | 74 | 70 | 65 | 64 | 70 | 69 | 76 | 82 | 89 | 94 | 93 | 85 | 87 | 81 | 81 | 74 | 89 | 100 | 103 | 119 | 193 | 59 |
2021 | 30 | 5 | 19 | 47 | 53 | 58 | 55 | 50 | 62 | 52 | 55 | 60 | 51 | 69 | 63 | 60 | 82 | 80 | 74 | 80 | 82 | 87 | 109 | 277 | 191 | 234 | 163 |
Average Days to Sell versus Home Size
Market momentum as segemented by square footage range
738 | 854 | 970 | 1,086 | 1,202 | 1,318 | 1,433 | 1,538 | 1,632 | 1,725 | 1,819 | 1,912 | 2,006 | 2,099 | 2,193 | 2,286 | 2,380 | 2,474 | 2,567 | 2,661 | 2,754 | 2,848 | 2,941 | 3,435 | 4,329 | 5,223 | 6,117 | 7,905 | 8,799 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 11 | 91 | 86 | 103 | 50 | 45 | 68 | 64 | 95 | 73 | 62 | 66 | 75 | 68 | 77 | 83 | 87 | 101 | 86 | 86 | 77 | 76 | 100 | 91 | 77 | 105 | 250 | 63 | 97 |
2021 | 20 | 58 | 26 | 29 | 33 | 52 | 61 | 51 | 64 | 64 | 54 | 68 | 57 | 62 | 66 | 72 | 74 | 65 | 82 | 67 | 75 | 53 | 81 | 79 | 94 | 317 | 235 | 457 | 966 |
Average Days-to-Sell for Each Month
October | November | December | |
---|---|---|---|
2022 | 68 | 75 | 88 |
2021 | 66 | 67 | 70 |
Price per Square Foot versus Total Sq Ft
The correlation between total home size and sold price per square foot
729 | 827 | 925 | 1,023 | 1,121 | 1,219 | 1,317 | 1,417 | 1,518 | 1,619 | 1,721 | 1,822 | 1,924 | 2,025 | 2,126 | 2,228 | 2,329 | 2,430 | 2,532 | 2,633 | 2,735 | 2,836 | 2,937 | 3,435 | 4,329 | 5,223 | 6,117 | 7,011 | 7,905 | 8,799 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | $458 | $179 | $171 | $175 | $192 | $188 | $184 | $191 | $186 | $183 | $183 | $175 | $172 | $174 | $169 | $176 | $172 | $175 | $175 | $167 | $162 | $174 | $177 | $190 | $220 | $337 | $497 | $113 | $755 | $587 |
2021 | $102 | $162 | $168 | $181 | $190 | $195 | $182 | $175 | $181 | $172 | $175 | $166 | $166 | $167 | $164 | $162 | $162 | $161 | $170 | $155 | $160 | $144 | $174 | $176 | $217 | $308 | $307 | $524 | $378 |
Available Units
9,463
Total Sold
5,627
Average
7%
367% from 2021
Typical Discount
1% to 12%
1% to 4% in 2021
Available Units
9,463
Total Sold
5,627
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