Your SlideShare is downloading. ×
February 2014 Greater Boston Real Estate Market Trends Report
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Introducing the official SlideShare app

Stunning, full-screen experience for iPhone and Android

Text the download link to your phone

Standard text messaging rates apply

February 2014 Greater Boston Real Estate Market Trends Report

190
views

Published on

Here’s February 2014’s Monthly Indicators report from the Greater Boston Association of Realtors® ... …

Here’s February 2014’s Monthly Indicators report from the Greater Boston Association of Realtors® ...

Buyer demand continues to be high, but a lack of homes for sale has resulted in a drop of closed sales in February 2014. Prices continue to move up because demand for available homes to buy is outpacing supply. Inventory continues to shrink from the same time the year before. What the market needs are homeowners to commit to selling to get us to full recovery and more building.

• February single-family home sales – Down 5.9% over last year.
• February Single-family median prices were UP 7.3% to $294,950. 17 straight months of increases.
• February condo sales UP 1% and median prices UP 9.1% ($283,000)
• Inventory in February Down 18.9% to 15,739 and Condominium available Down 27% to 4,407
• SF listings added to the market in February up 4.3% over last year. (4,742 from 4,547 in 2013)
• Condo listings added to the market Down 3.6% over last year. (1,861 from 1,930 in 2013)

Published in: Real Estate

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
190
On Slideshare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS® February 2014 Quick Facts - 5.2% Year-Over-Year (YoY) Change in Closed Sales Single-Family Only It's tempting to confuse market normalization with a possible slowdown. But those equipped with high-quality MLS data know better. As mortgage delinquencies fade, banks are listing bargain-priced product less often. That means investor activity – which accounts for a substantial market share – is moderating. That's not to say that rates and prices aren't still attractive to owner- occupant buyers. They most certainly are. Some short-term volatility is expected as part of a normal market readjustment. - 4.4% Year-Over-Year (YoY) Change in Closed Sales Condominium Only - 4.8% Year-Over-Year (YoY) Change in Closed Sales All Properties 2 3 4 5 6 7 8 9 10 11 12 13 Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of March 17, 2014. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. New Listings in the Greater Boston region were down 4.7 percent for detached homes and 7.1 percent for condominiums. Closed Sales decreased 5.2 percent for detached homes and 4.4 percent for condominiums. The Median Sales Price was up 11.4 percent to $478,900 for single-family properties and 14.3 percent to $400,000 for condominiums. Months Supply of Inventory decreased 22.5 percent for single-family units and 27.0 percent for townhouse-condo units. The economy has more or less shuffled along, despite some climate-induced surprises to job growth and new construction. There is no denying the fact that we've now seen 47 straight months of private job growth, creating 8.5 million new payrolls. There's still work to be done. Thankfully, with such low inventory levels, many builders are bullish on new construction. The spring market is budding, and it should be an interesting one. Single-Family Market Overview Condominium Market Overview Closed Sales Median Sales Price Housing Affordability Index Inventory of Homes for Sale Click on desired metric to jump to that page. Months Supply of Inventory Days On Market Until Sale Percent of Original List Price Received City of Boston Overview Pending Sales New Listings
  • 2. Single-Family Market Overview Key market metrics for the current month and year-to-date figures for Single-Family Homes Only. Key Metrics Historical Sparklines Feb-2013 Feb-2014 + / – YTD 2013 YTD 2014 + / – Median Sales Price - 26.5% -- -- - 18.2% 122 98 - 19.1% -- Housing Affordability Index Inventory of Homes for Sale $430,000 + 12.8% 122 99 2,401 1,764 $478,900 + 11.4% $430,000 969 - 5.2%Closed Sales 425 403 - 5.2% 1,022 $485,000 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 94.0% 95.8% - 24.0% + 2.0% Percent of Original List Price Received Days on Market Until Sale 94.1% - 19.7% + 2.0% 89 96.0% Pending Sales - 6.3%1,241702 708 + 0.9% 1,324 Months Supply of Inventory 5.6 111 83 -- -- --4.4 - 22.5% 110 All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2 New Listings 984 938 - 4.7% 1,854 1,672 - 9.8% 2 2011 2 2012 2 2013 2 2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014
  • 3. Condominium Market Overview Key market metrics for the current month and year-to-date figures for Condominium Properties Only. Key Metrics Historical Sparklines Feb-2013 Feb-2014 + / – YTD 2013 YTD 2014 + / – - 0.9% Median Sales Price $350,000 $400,000 + 14.3% $360,000 $410,000 + 13.9% Closed Sales 435 416 - 4.4% 949 940 - 19.7% Inventory of Homes for Sale 1,700 1,187 - 30.2% -- -- -- Housing Affordability Index 146 117 - 19.9% 143 115 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 -- Days on Market Until Sale 95 77 - 19.7% 92 69 - 24.7% Months Supply of Inventory 3.9 2.9 - 27.0% -- -- + 1.5% Pending Sales 712 747 + 4.9% 1,368 1,363 - 0.4% Percent of Original List Price Received 96.7% 98.1% + 1.5% 96.2% 97.7% - 12.5% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3 New Listings 950 883 - 7.1% 1,852 1,620 2 2011 2 2012 2 2013 2 2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014
  • 4. Closed Sales A count of the actual sales that have closed in a given month. Single-Family YoY Change Condominium YoY Change Mar-2013 616 - 3.8% 628 + 3.6% Apr-2013 767 + 4.4% 805 + 6.5% May-2013 1,096 + 10.0% 1,068 + 6.4% Jun-2013 1,481 - 1.1% 1,246 - 1.0% Jul-2013 1,488 + 18.0% 1,252 + 20.7% Aug-2013 1,428 + 11.6% 1,276 + 6.2% Sep-2013 919 + 22.4% 887 + 18.7% Oct-2013 855 + 10.5% 764 + 7.5% Nov-2013 791 - 11.4% 711 - 5.8% Dec-2013 898 + 10.3% 790 + 3.1% Jan-2014 566 - 5.2% 524 + 1.9% Feb-2014 403 - 5.2% 416 - 4.4% 462 384 425 435 403 416 February 20142013 20142013 980 794 1,022 949969 940 Year to Date 20142013 201420132012 2012 2012 2012 Total 11,308 + 6.0% 10,367 + 5.9% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4 Single-Family Condominium 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Closed Sales Activity Single-Family Condominium -4.4%+13.3%-8.0% Single-Family Condominium -0.9%+19.5%+4.3%-5.2% -5.2%
  • 5. Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month. Single-Family YoY Change Condominium YoY Change Mar-2013 $430,101 + 3.6% $405,000 + 19.1% Apr-2013 $480,000 + 14.3% $387,500 + 4.3% May-2013 $500,000 + 7.2% $410,000 + 7.5% Jun-2013 $545,000 + 8.1% $420,000 + 5.0% Jul-2013 $533,000 + 4.1% $400,500 + 3.5% Aug-2013 $521,000 + 5.5% $416,250 + 9.5% Sep-2013 $502,500 + 15.5% $410,000 + 9.3% Oct-2013 $474,000 + 9.0% $416,750 + 13.8% Nov-2013 $480,000 + 6.7% $410,500 + 8.0% Dec-2013 $500,000 + 6.4% $420,400 + 10.5% Jan-2014 $485,838 + 13.0% $420,500 + 13.9% Feb-2014 $478,900 + 11.4% $400,000 + 14.3% $397,000 $370,000 $430,000 $350,000 $478,900 $400,000 February 20142013 20142013 $403,000 $360,000 $430,000 $360,000 $485,000 $410,000 Year to Date 20142013 201420132012 2012 2012 2012 Median $501,000 + 7.7% $410,000 + 8.2% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5 Single-Family Condominium $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Median Sales Price Single-Family Condominium +14.3%-5.4%+8.3% Single-Family Condominium +13.9%0.0%+6.7%+11.4% +12.8%
  • 6. Housing Affordability Index Single-Family YoY Change Condominium YoY Change Mar-2013 121 + 3.4% 128 - 8.8% Apr-2013 112 - 5.3% 136 + 2.9% May-2013 104 - 4.8% 124 - 4.9% Jun-2013 90 - 11.8% 114 - 9.2% Jul-2013 92 - 9.2% 120 - 8.5% Aug-2013 93 - 11.2% 114 - 13.9% Sep-2013 98 - 18.5% 118 - 14.0% Oct-2013 103 - 13.4% 116 - 16.6% Nov-2013 108 - 6.7% 125 - 7.6% Dec-2013 99 - 11.9% 117 - 14.6% Jan-2014 97 - 22.5% 110 - 22.9% Feb-2014 99 - 18.2% 117 - 19.9% This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. 124 132 122 146 99 117 February 122 135 122 143 98 115 Year to Date 20142013 20142013 20142013 201420132012 2012 2012 2012 Average 101 -10.8% 120 -11.5% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6 Single-Family Condominium 60 70 80 90 100 110 120 130 140 150 160 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Housing Affordability Index Single-Family Condominium -19.9%+11.2%-1.6% Single-Family Condominium -19.7%+6.1%-0.3%-18.2% -19.1%
  • 7. Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month. Single-Family YoY Change Condominium YoY Change Mar-2013 2,377 - 40.7% 1,732 - 47.0% Apr-2013 2,769 - 34.8% 1,974 - 40.1% May-2013 3,037 - 30.7% 2,070 - 35.0% Jun-2013 3,029 - 26.7% 2,024 - 31.9% Jul-2013 2,860 - 25.1% 1,856 - 32.3% Aug-2013 2,752 - 23.6% 1,737 - 28.4% Sep-2013 2,991 - 20.5% 1,950 - 22.9% Oct-2013 2,864 - 17.6% 1,876 - 19.2% Nov-2013 2,382 - 20.2% 1,556 - 22.4% Dec-2013 1,779 - 22.5% 1,218 - 20.0% Jan-2014 1,713 - 25.3% 1,178 - 25.5% Feb-2014 1,764 - 26.5% 1,187 - 30.2% 3,557 2,905 2,401 1,7001,764 1,187 February 20142013 201420132012 2012 Average 2,526 - 26.8% 1,697 - 31.1% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7 Single-Family Condominium 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Inventory of Homes for Sale Single-Family Condominium -30.2%-41.5%-32.5% -26.5%
  • 8. Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months. Single-Family YoY Change Condominium YoY Change Mar-2013 3.9 - 38.4% 2.8 - 48.9% Apr-2013 3.6 - 37.6% 2.5 - 43.8% May-2013 2.8 - 37.0% 1.9 - 38.9% Jun-2013 2.0 - 25.9% 1.6 - 31.1% Jul-2013 1.9 - 36.5% 1.5 - 43.9% Aug-2013 1.9 - 31.5% 1.4 - 32.5% Sep-2013 3.3 - 35.0% 2.2 - 35.0% Oct-2013 3.3 - 25.4% 2.5 - 24.8% Nov-2013 3.0 - 9.9% 2.2 - 17.6% Dec-2013 2.0 - 29.8% 1.5 - 22.5% Jan-2014 3.0 - 21.2% 2.2 - 27.0% Feb-2014 4.4 - 22.5% 2.9 - 27.0% 7.7 7.6 5.6 3.9 4.4 2.9 February 20142013 201420132012 2012 Average 2.7 - 34.3% 2.0 - 40.1% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8 Single-Family Condominium 0 2 4 6 8 10 12 14 16 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Months Supply of Inventory Single-Family Condominium -27.0%-48.3%-26.6% -22.5%
  • 9. Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month. Single-Family YoY Change Condominium YoY Change Mar-2013 107 - 17.4% 71 - 39.0% Apr-2013 93 - 22.8% 63 - 35.1% May-2013 75 - 22.3% 51 - 40.3% Jun-2013 56 - 37.8% 43 - 42.4% Jul-2013 47 - 41.6% 38 - 46.2% Aug-2013 48 - 45.1% 40 - 47.0% Sep-2013 57 - 36.1% 49 - 42.0% Oct-2013 59 - 33.7% 47 - 43.9% Nov-2013 65 - 27.2% 51 - 33.6% Dec-2013 70 - 28.0% 55 - 34.2% Jan-2014 79 - 27.3% 63 - 28.7% Feb-2014 89 - 19.7% 77 - 19.7% 134 123 111 95 89 77 February 132 124 110 92 83 69 Year to Date 20142013 20142013 20142013 201420132012 2012 2012 2012 Total 65 - 31.9% 49 - 37.5% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9 Single-Family Condominium 30 50 70 90 110 130 150 Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Days on Market Until Sale Single-Family Condominium -19.7%-22.6%-16.7% Single-Family Condominium -24.7%-26.3%-17.1%-19.7% -24.0%
  • 10. Percent of Original List Price Received Single-Family YoY Change Condominium YoY Change Mar-2013 95.2% + 2.3% 97.6% + 3.8% Apr-2013 96.7% + 3.5% 98.8% + 3.2% May-2013 97.8% + 2.6% 99.5% + 3.5% Jun-2013 98.4% + 3.3% 99.7% + 3.5% Jul-2013 98.1% + 2.4% 99.9% + 3.5% Aug-2013 97.9% + 3.3% 99.7% + 3.5% Sep-2013 97.3% + 3.0% 99.0% + 2.6% Oct-2013 97.2% + 3.0% 98.8% + 3.1% Nov-2013 96.3% + 1.7% 98.9% + 2.8% Dec-2013 95.9% + 1.7% 98.0% + 1.9% Jan-2014 95.7% + 1.9% 97.4% + 1.6% Feb-2014 96.0% + 2.0% 98.1% + 1.5% Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 91.3% 93.4%94.1% 96.7%96.0% 98.1% February 90.8% 93.2%94.0% 96.2%95.8% 97.7% Year to Date 20142013 20142013 20142013 201420132012 2012 2012 2012 Average 97.2% + 2.7% 99.0% + 3.1% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10 Single-Family Condominium 89% 91% 93% 95% 97% 99% 101% Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Percent of Original List Price Received Single-Family Condominium +1.5%+3.5%+3.2% Single-Family Condominium +1.5%+3.2%+3.5%+2.0% +2.0%
  • 11. Pending Sales A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date). Single-Family YoY Change Condominium YoY Change Mar-2013 1,164 + 1.9% 1,164 + 9.3% Apr-2013 1,380 + 12.4% 1,270 + 9.2% May-2013 1,479 + 15.7% 1,257 + 6.7% Jun-2013 1,284 + 9.5% 1,089 + 9.9% Jul-2013 978 + 4.8% 952 + 19.7% Aug-2013 887 + 15.2% 759 + 4.1% Sep-2013 836 - 1.9% 785 + 7.2% Oct-2013 942 + 8.5% 814 + 3.0% Nov-2013 704 + 3.5% 635 + 6.9% Dec-2013 478 - 4.6% 422 - 8.1% Jan-2014 533 - 14.3% 616 - 6.1% Feb-2014 708 + 0.9% 747 + 4.9% 753 744 702 712708 747 February 1,358 1,2971,324 1,368 1,241 1,363 Year to Date 20142013 20142013 20142013 201420132012 2012 2012 2012 Total 11,373 + 5.8% 10,510 + 6.5% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11 Single-Family Condominium 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical Pending Sales Activity Single-Family Condominium +4.9%-4.3%-6.8% Single-Family Condominium -0.4%+5.5%-2.5%+0.9% -6.3%
  • 12. New Listings A count of the properties that have been newly listed on the market in a given month. Single-Family YoY Change Condominium YoY Change Mar-2013 1,343 - 30.6% 1,342 - 21.1% Apr-2013 1,995 + 14.7% 1,661 + 13.5% May-2013 1,981 + 14.4% 1,531 + 12.6% Jun-2013 1,505 + 15.1% 1,223 + 7.9% Jul-2013 1,116 + 12.4% 993 + 12.3% Aug-2013 1,030 + 6.0% 867 + 11.7% Sep-2013 1,456 + 6.4% 1,253 + 11.0% Oct-2013 1,218 + 18.6% 1,010 + 17.3% Nov-2013 651 + 4.5% 554 + 0.4% Dec-2013 395 + 12.9% 362 + 17.9% Jan-2014 734 - 15.6% 737 - 18.3% Feb-2014 938 - 4.7% 883 - 7.1% 1,268 1,112 984 950938 883 February 2,191 2,038 1,854 1,852 1,672 1,620 Year to Date 20142013 20142013 20142013 201420132012 2012 2012 2012 Total 14,362 + 3.3% 12,416 + 3.3% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12 Single-Family Condominium 0 250 500 750 1,000 1,250 1,500 1,750 2,000 2,250 2,500 2,750 Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Historical New Listing Activity Single-Family Condominium -7.1%-14.6%-22.4% Single-Family Condominium -12.5%-9.1%-15.4%-4.7% -9.8%
  • 13. City of Boston – Market Overview Key market metrics for the current month and year-to-date figures for the City of Boston. Key Metrics Historical Sparklines Feb-2013 Feb-2014 + / – YTD 2013 YTD 2014 + / – + 7.0% Median Sales Price $384,000 $478,000 + 24.5% $405,000 $469,750 + 16.0% Closed Sales 226 240 + 6.2% 497 532 - 19.1% Inventory of Homes for Sale 832 618 - 25.7% -- -- -- Housing Affordability Index 122 99 - 18.2% 122 98 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 -- Days on Market Until Sale 82 78 - 5.2% 79 68 - 13.8% Months Supply of Inventory 3.7 2.6 - 30.1% -- -- + 1.3% Pending Sales 406 394 - 3.0% 738 716 - 3.0% Percent of Original List Price Received 96.7% 98.1% + 1.4% 96.5% 97.7% - 15.3% All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13 New Listings 559 483 - 13.6% 1,033 875 2 2011 2 2012 2 2013 2 2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014 2-2011 2-2012 2-2013 2-2014