226

Spring Branch, TX Homes for Sale under $200,000

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  • /18

    $185,000

    • Land
    • 1.45 Acres
    • $127,586 per Acre

    889 Long Meadow, Spring Branch, TX 78070

    Experience the quiet beauty of Texas Hill Country living in River Crossing, one of Spring Branch's most sought-after communities, where spacious 1-acre homesites create a peaceful, private setting just minutes from everyday conveniences. This property offers the opportunity to design and build your custom dream home surrounded by natural beauty, mature landscapes, and wide Texas skies. Residents

    Agent Photo

    Amanda Stanford

    Magnolia Realty

    (830) 390-2758

    889 Long Meadow, Spring Branch, TX 78070
  • /9

    $104,990

    • Land
    • 1.26 Acres
    • $83,325 per Acre

    704 Sharp Springs Rd, Bulverde, TX 78163

    This stunning lot is in the heart of Bulverde, TX. Amazing opportunity to design your custom home in the gated community of Belle Oaks. This beautiful rectangular shape will provide spectacular privacy with mature oak trees. This developing neighborhood is in proximity to major attractions, restaurants, shopping, and more. Schedule a showing to view this lovely lot in Belle Oaks today.

    Agent Photo

    Dayton Schrader

    eXp Realty

    (830) 227-2193

    704 Sharp Springs Rd, Bulverde, TX 78163
  • /29

    $169,000

    • Land
    • 1.24 Acres
    • $136,290 per Acre

    34733 Carries Creek Dr, Bulverde, TX 78163

    Beautiful 1.24 acre lot ready for your custom built home! Whether you are looking for an Artisan Custom Home shown in photos or a builder of your choice, this is the lot for you! Belle Oaks is a gorgeous community in the Texas Hill Country, less than 15 minutes from San Antonio and within 10 minutes to Bulverde and Spring Branch. It offers the best of both worlds with spectacular Hill Country

    Agent Photo

    Jay Rebaldo

    Keller Williams City-View

    (830) 293-3675

    34733 Carries Creek Dr, Bulverde, TX 78163
  • /19

    $159,000

    • Land
    • 1.93 Acres
    • $82,383 per Acre

    268 Secret Way, Spring Branch, TX 78070

    This stunning 1.93-acre hilltop lot offers breathtaking views of Canyon Lake from the top of the bluff, along with sweeping Hill Country scenery. Ideally located just down the street from the boat ramp and park, the property provides the perfect blend of natural beauty and recreational convenience. Utilities include PEC Electric and Texas Water, and residents can enjoy access to exceptional

    Agent Photo

    Shane Neal

    eXp Realty

    (830) 293-3986

    268 Secret Way, Spring Branch, TX 78070
  • /10

    $108,000

    • Land
    • 1.04 Acres
    • $103,846 per Acre

    1337 Valley Springs Dr, Spring Branch, TX 78070

    Nestled in the scenic Comal County countryside, this stunning property offers expansive views, ample space, and a peaceful retreat from the city while still being within easy reach of San Antonio's amenities. According to Comal Appraisal District this is not in a flood zone. Whether you're looking for a private getaway or a place to build your dream home, this lot provides endless possibilities.

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    Christy Rupp

    RE/MAX North-San Antonio

    (830) 689-6181

    1337 Valley Springs Dr, Spring Branch, TX 78070
  • /25

    $186,000

    • Land
    • 1.55 Acres
    • $120,000 per Acre

    118 Restless Wind, Canyon Lake, TX 78070

    Come build your dream home on this beautiful 1.55-acre lot and enjoy endless views of majestic hilltops overlooking lush valleys, the Hill Country surrounding Canyon Lake, and the Guadalupe River. An additional adjoining lot is available, allowing for nearly 3 acres total and offering expanded space and possibilities. Property owners enjoy private access to the cool waters of the Guadalupe River,

    Agent Photo

    Brandon Ramirez

    Keller Williams Heritage

    (830) 289-3859

    118 Restless Wind, Canyon Lake, TX 78070
  • /13

    $119,000

    • Land
    • 1.28 Acres
    • $92,969 per Acre

    329 Arthur Ct, Spring Branch, TX 78070

    Discover a unique opportunity to own a remarkable lot in the Peninsula at Mystic Shores, offering the best of Texas Hill Country living. This spacious 1.28-acre lot is ideally situated to provide you with the flexibility of choosing between two exceptional building sites, each presenting distinct and breathtaking views. Have the opportunity for stunning lake views or a captivating view of the

    Agent Photo

    Paul Sullivan

    Sullivan Hill Country Properti

    (830) 580-3129

    329 Arthur Ct, Spring Branch, TX 78070
  • /20

    $130,000

    • Land
    • 1.05 Acres
    • $123,810 per Acre

    34848 Thanksgiving Trail, Bulverde, TX 78163

    Discover the perfect setting for your dream home on this spacious 1.05-acre residential lot, nestled in the heart of the Hill Country. Whether you envision a modern farmhouse, a classic ranch-style retreat, or a timeless estate, this property offers the ideal canvas to bring your vision to life. Enjoy a lifestyle enriched with community amenities, including a clubhouse, neighborhood pool,

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    Shane Neal

    eXp Realty

    (830) 463-6910

    34848 Thanksgiving Trail, Bulverde, TX 78163
  • /16

    $190,000

    • Land
    • 1.34 Acres
    • $141,369 per Acre

    34858 Last Stage Way, Bulverde, TX 78163

    Discover the perfect opportunity to build your dream home on this stunning 1.344-acre residential lot located within Belle Oaks Ranch in Bulverde. Nestled at the end of a peaceful cul-de-sac within a desirable subdivision, this undeveloped, wooded property offers a serene setting surrounded by many mature trees and beautiful natural scenery. The level terrain makes it ideal for construction,

    Agent Photo

    Shane Neal

    eXp Realty

    (830) 445-3085

    34858 Last Stage Way, Bulverde, TX 78163
  • /15

    $119,500

    • Land
    • 1.48 Acres
    • $80,743 per Acre

    LOT 149 Serenity Pass, Canyon Lake, TX 78070

    Discover your dream home location in the stunning Serenity Oaks, a gated community nestled in the picturesque Hill Country! This exceptional corner lot spans 1.45 acres, offering a level terrain beautifully adorned with mature trees for added privacy. Enjoy the fantastic community amenities, including a private park on the scenic Guadalupe River, a sparkling pool, a children's playground, and a

    Agent Photo

    Danielle FitzGibbons

    Keller Williams Heritage

    (830) 271-5560

    LOT 149 Serenity Pass, Canyon Lake, TX 78070
  • /27

    $174,000

    • Land
    • 3 Acres
    • $58,000 per Acre

    534 Rock Trail Place, Spring Branch, TX 78070

    3-Acre Residential Lot in Mystic Shores - Spring Branch, TX. Discover the perfect setting to build your dream home in the Hill Country Mystic Shores community. This expansive 3-acre lot is ideally located in a cul-de-sac and offers a generous street frontage, giving you both privacy and accessibility. With no required time to build, you can plan for the perfect home. Community guidelines include

    Agent Photo

    Francisco J Portals

    Century 21 Scott Myers, REALTORS

    (830) 293-3490

    534 Rock Trail Place, Spring Branch, TX 78070
  • /32

    $130,000

    • Land
    • 1.01 Acres
    • $128,713 per Acre

    640 Annabelle Ave, Bulverde, TX 78163

    This beautiful 1.01-acre lot is ready for you to build your custom dream home in a private and serene setting. Located in a gated neighborhood, you'll also enjoy fantastic community amenities, including a pool, playground, and courts for tennis, pickleball, and basketball. Don't miss this incredible opportunity to create your perfect home in a peaceful and well-equipped community!

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    Shane Neal

    eXp Realty

    (830) 410-2335

    640 Annabelle Ave, Bulverde, TX 78163
  • /20

    $133,000

    • Land
    • 1.17 Acres
    • $113,675 per Acre

    1219 Mystic Pkwy, Spring Branch, TX 78070

    Located in The Peninsula, a prestigious gated community within Mystic Shores, this stunning 1.17-acre lot offers the perfect opportunity to build your dream home with no city taxes and no time limit to build. The property is mostly cleared of cedar and brush, with a beautiful line of trees at the rear, providing both space and privacy. Residents enjoy access to top-tier Mystic Shores amenities,

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    Shane Neal

    eXp Realty

    (830) 476-0734

    1219 Mystic Pkwy, Spring Branch, TX 78070
  • /26

    $179,500

    • Land
    • 1.3 Acres
    • $138,183 per Acre

    34815 Last Stage Way, Bulverde, TX 78163

    This stunning 1.299-acre residential lot in Bulverde offers a rare opportunity to build your dream home in a peaceful, well-established community. The level, undeveloped terrain is enhanced by many mature trees and beautiful natural rock formations that showcase true Hill Country charm, and the property is not located in a flood plain, providing added peace of mind for future development. With

    Agent Photo

    Shane Neal

    eXp Realty

    (830) 971-0424

    34815 Last Stage Way, Bulverde, TX 78163
  • /25

    $160,800

    • Land
    • 1.34 Acres
    • $120,000 per Acre

    124 Restless Wind, Canyon Lake, TX 78070

    Come build your dream home on this beautiful 1.34-acre lot and enjoy endless views of majestic hilltops overlooking lush valleys, the Hill Country surrounding Canyon Lake, and the Guadalupe River. An additional adjoining lot is available, allowing for nearly 3 acres total and offering expanded space and possibilities. Property owners enjoy private access to the cool waters of the Guadalupe River,

    Agent Photo

    Brandon Ramirez

    Keller Williams Heritage

    (830) 331-5611

    124 Restless Wind, Canyon Lake, TX 78070
  • /19

    $185,000

    • Land
    • 1.01 Acres
    • $183,168 per Acre

    664 Annabelle Ave, Bulverde, TX 78163

    Stunning 1-Acre Lot in Belle Oaks - Your Dream Home Awaits! Discover the perfect canvas for your dream home on this breathtaking one acre lot in the prestigious Belle Oaks community. Nestled in the heart of Bulverde, Texas, this lot is adorned with some of the most beautiful trees in the neighborhood, creating a picturesque setting that offers both beauty and privacy. This lot boasts an array of

    Agent Photo

    Leigh Neves

    Keller Williams Heritage

    (830) 396-5302

    664 Annabelle Ave, Bulverde, TX 78163
  • /35

    $139,900

    • Land
    • 1.03 Acres
    • $135,825 per Acre

    34705 Mayer Oaks, Bulverde, TX 78163

    1 acre rectangular lot available in the prestigious gated community of Belle Oaks. Sitting near SH-46 and IH-10 with easy access to San Antonio, Boerne, New Braunfels, Fredericksburg, Gruene, Canyon Lake etc! This Hill Country lot also enjoys resort style community features such as a pool, playground, tennis courts and basketball courts. Prime location within the community on a corner near a cul

    Chelsea Gressett Land Unlimited

    34705 Mayer Oaks, Bulverde, TX 78163
  • /2

    $198,000

    • Land
    • 1.2 Acres
    • $165,000 per Acre

    1476 Flightline, Spring Branch, TX 78070

    Incredible views This land is in a great subdivision ,,,It has a Air Park with runway ! A few homes by runway ..... go up on top and you have views for miles and yes that is where this property is and you can build your dream home here So peaceful !!! and yet you are 5 min from almost every thing ! plus New Braunfels, Boerne , San Antonio are about 14 miles So you are in the center

    Morris Killough Berkshire Hathaway HomeServices Hill Country Properties

    1476 Flightline, Spring Branch, TX 78070
  • /21

    $155,000

    • Land
    • 1.08 Acres
    • $143,519 per Acre

    593 Rosemary Rdg Dr, Bulverde, TX 78163

    Build Your Dream Home in Belle Oaks Ranch - 1.08 Acres with Gorgeous Panoramic Hill Country Views. Discover the ideal homesite in the prestigious, gated community of Belle Oaks Ranch in Bulverde, Texas. This expansive 1.08-acre lot sits atop a hill, offering breathtaking panoramic views of the Texas Hill Country. With several mature oak trees, this property is a perfect backdrop for your

    Chris Moore Magnolia Realty

    593 Rosemary Rdg Dr, Bulverde, TX 78163
  • /6

    $170,000

    • Land
    • 1.26 Acres
    • $134,921 per Acre

    728 Annabelle Ave, Bulverde, TX 78163

    Located in the prestigious Belle Oaks Ranch, this flat and level lot is the perfect canvas for your dream home or next investment project. This homesite backs to a natural clearing, offering ample space for a main residence, a Casita, and more. Located in a gated acreage community in Comal County, Belle Oaks offers privacy and upscale amenities, including a pool, clubhouse, playground, walking

    Ruby Fernandez Grand Slam Real Estate Group

    728 Annabelle Ave, Bulverde, TX 78163
  • /12

    $128,000

    • Land
    • 1.13 Acres
    • $113,274 per Acre

    420 Havasu Point, Spring Branch, TX 78070

    Prime 1-acre homesite in the gated community of Cascada featuring multiple level build sites, mature oak trees, and scenic canyon views. Ideal for a custom home or high-quality spec project. Bring your own plans and builder and take advantage of a private, well-positioned lot with strong long-term potential. Reach out with questions or to explore possibilities.

    Kyle Rainey Pinnacle Realty Advisors

    420 Havasu Point, Spring Branch, TX 78070
  • /13

    $165,000

    • Land
    • 1.02 Acres
    • $161,765 per Acre

    925 Annabelle Ave, Bulverde, TX 78163

    Build your dream home on this beautiful 1.02 acre homesite located in a highly prestigious gated community. This spacious lot is ready for your custom build and offers the freedom to choose your builder. Surrounded by mature trees and scenic views, it provides the ideal backdrop for peaceful Hill Country living- just a short drive from the conveniences of the city. Enjoy resort-style amenitities

    Kayla McConnell JB Goodwin, REALTORS

    925 Annabelle Ave, Bulverde, TX 78163
  • /14

    $118,000

    • Land
    • 1.77 Acres
    • $66,667 per Acre

    338 Primrose Path, New Braunfels, TX 78132

    If you want to be away from the city life this area has a beautiful spot for you. 1.77 acres. This oversize lot has more space of tranquil surroundings, plenty of nature with areas to enjoy. This lot provides gentle rolling slopes and open wildlife to view. Many mature trees you just walk your property and pick the perfect spot to place your home. Come out walk the area and decide for yourself.

    Gerri Johnson Avenue Realty LLC

    338 Primrose Path, New Braunfels, TX 78132
  • /22

    $159,900

    • Land
    • 1.3 Acres
    • $123,000 per Acre

    443 Arthur Ct, Spring Branch, TX 78070

    WOW PRICED TO SELL!!!! CANYON LAKE MYSTIC SHORES in "THE PENINSULA" a gated luxury waterfront enclave. 443 Arthur Ct is a luxuriously deep 1.3-acre parcel heavily treed with live and red oak. This level build site with 3000 sq/ft min. build size slopes gently from back to front toward the Guadalupe River/Canyon Lake across the street. (PHOTOS 2022-23) Prestigious Texas Hill Country location where

    Mary Phillips Classic Hill Country Realty

    443 Arthur Ct, Spring Branch, TX 78070
  • /15

    $145,000

    • Land
    • 6.52 Acres
    • $22,239 per Acre

    162 Zinnia Ave, Spring Branch, TX 78070

    Rare 6.5+ acre homesite in Mystic Shores Unit 6 offering privacy, elevation, and Hill Country character. Lot 668 is designated as a Combination Lot under Unit 6 DCCRs, allowing residential use with long-term flexibility. The front of the property features natural slope creating separation from the street, while interior elevations provide potential build sites with expansive Hill Country views. A

    Jordan Sibley Collab-RT Realty, LLC

    162 Zinnia Ave, Spring Branch, TX 78070
  • /16

    $197,500

    • 2 Beds
    • 1 Bath

    254 Jolie Dr, Spring Branch, TX 78070

    Unique Property! Close proximity to Hwy 281 off FM 306, this unrestricted 2.05 acre site is perfect for you to live on while you are making plans for your future home. Gated and partially fenced, this secluded and cleared site has mature oak trees and backs up to a game ranch. Equipped with electricity, an aerobic septic tank and a shared well, a 1200 sf unfinished barndomenium, constructed 2

    Frank T. Ruffo The Real Estate Group

    254 Jolie Dr, Spring Branch, TX 78070
  • /6

    $135,000

    • Land
    • 2.2 Acres
    • $61,364 per Acre

    1145 Mystic Shores Blvd, Spring Branch, TX 78070

    Build your dream home on this 2.2-acre private lot in the desirable Mystic Shores community on Canyon Lake's north shore. Enjoy panoramic Hill Country views, peaceful surroundings, and access to resort-style amenities including two swimming pools, tennis and pickleball courts, basketball and sand volleyball courts, playgrounds, and walking trails. Residents also enjoy BBQ and picnic areas, a

    Pam Alvarez Weichert Realtors Strategic Alliance

    1145 Mystic Shores Blvd, Spring Branch, TX 78070
  • /8

    $200,000

    • Land
    • 0.84 Acre
    • $238,095 per Acre

    3817 Wrangler Cir, Bulverde, TX 78163

    Sweeping views form this homesite in the brand new, gated, custom home enclave of Estancia at Johnson Ranch. With nearly an acre of land, and northeast exposure, you'll be able to design and build your dream estate on this one-of-a-kind property with views for miles.

    Gary Short CR Realty, LLC

    3817 Wrangler Cir, Bulverde, TX 78163
  • /7

    $195,000

    • Land
    • 3 Acres
    • $65,000 per Acre

    311 Bosque Ridge, Spring Branch, TX 78070

    Build your new house on an excellent lot in one of the premier neighborhoods on Canyon Lake. This cul-de-sac lot is surrounded by beautiful homes, nice views and a corner lot! Amenities are excellent with tennis courts, a swimming pool, playground, club house, boat launch and more. Want more land? The neighboring lot is also available.

    James Englishbee Texas Premier Realty

    311 Bosque Ridge, Spring Branch, TX 78070
  • /12

    $169,000

    • Land
    • 1.51 Acres
    • $111,921 per Acre

    634 Butler Oaks, Bulverde, TX 78163

    1.51 acre CUL-DE-SAC lot in Phase 9 of Belle Oaks! This spacious private and quiet lot also provides HILL COUNTRY VIEWS! Lot Dimensions: 89x179x376x130x415 ~ this larger lot provides beautiful trees ~ cleared and ready for you to build your dream home when you are ready ~ with the builder of your choice! This spacious and level lot will help you make the most out of your backyard! Located in the

    Kimberly Jakubik-shoemake Keller Williams Heritage

    634 Butler Oaks, Bulverde, TX 78163
  • /34

    $165,000

    • Land
    • 1.89 Acres
    • $87,302 per Acre

    173 Berry Oaks Dr, Bulverde, TX 78163

    Rare find!!!! This gorgeous property has all the perks! Awesome location, just off FM46 near 281, located in one of the few gated subdivisions in the area! The lot itself is perfection! There is an ideal area for building, and the property is studded with many majestic oak trees. With almost 2 acres, there is plenty of space to enjoy living the hill country dream! Comal ISD schools!

    Melody Rackley Reliance Residential Realty -

    173 Berry Oaks Dr, Bulverde, TX 78163
  • /7

    $189,900

    • Land
    • 1.15 Acres
    • $165,130 per Acre

    34663 Shelly Bridge Point, Bulverde, TX 78163

    This premier 1+ acre lot in the exclusive, gated community of Belle Oaks Ranch is perfectly positioned for your dream forever home! Partially cleared to showcase stunning mature oak trees that provide natural shade and privacy, this homesite has been approved for a reduced 50-foot setback (instead of the standard 60 feet), giving you an exceptionally spacious backyard for outdoor living, a future

    Juan Rodriguez Ron Heller Properties

    34663 Shelly Bridge Point, Bulverde, TX 78163
  • /14

    $139,000

    • Land
    • 2.02 Acres
    • $68,812 per Acre

    331 Ridge Point, Spring Branch, TX 78070

    Imagine building your custom home on this beautiful 2+ acre lot in the Hill Country of Texas. This lot is fairly level which makes it ideal for building your dream home now or later! Mystic Shores offers resort-style amenities, including a lakefront park, swimming pools, sports courts, playgrounds, walking trails, and a 140-acre wildlife preserve along the Guadalupe River. Located within highly

    Pam Smartt Keller Williams Heritage

    331 Ridge Point, Spring Branch, TX 78070
  • /7

    $115,000

    • Land
    • 1.06 Acres
    • $108,491 per Acre

    313 Restless Wind, Canyon Lake, TX 78070

    Family-Friendly Lot in Serenity Oaks in Spring Branch, TX. Bring your dream home to life in the welcoming, gated community of Serenity Oaks. This cleared and level 1-acre homesite is ready for your custom build, with mature oaks thoughtfully preserved around the perimeter for shade and privacy. - Zoned to the highly acclaimed Comal ISD, including Smithson Valley High School, known for its strong

    Teri McKenzie RE/MAX Genesis

    313 Restless Wind, Canyon Lake, TX 78070
  • /20

    $169,000

    • Land
    • 1.1 Acres
    • $153,636 per Acre

    688 Travis Forest Dr, Bulverde, TX 78163

    Nestled in the prestigious gated community of Belle Oaks, this stunning 1.10-acre lot offers the perfect canvas for your custom dream home. Surrounded by mature oaks and set in a serene, private setting, this property is located at one of the highest points in the neighborhood, providing beautiful views and a sense of exclusivity. Enjoy top-tier community amenities, including a sparkling pool,

    Amy Boeve Keller Williams Legacy

    688 Travis Forest Dr, Bulverde, TX 78163
  • /23

    $123,800

    • Land
    • 1.28 Acres
    • $96,719 per Acre

    230 Serenity Pass, Canyon Lake, TX 78070

    Seize the unique opportunity to shape your dream home on a lot within the tranquil landscape of Serenity Oaks in Spring Branch, Texas. This thoughtfully prepared space offers an open canvas for your architectural vision, immersed in the scenic beauty of the Texas Hill Country. This lot not only promises a harmonious blend of natural serenity but also grants easy access to community amenities,

    Suzanne Kuntz Keller Williams Heritage

    230 Serenity Pass, Canyon Lake, TX 78070
  • /15

    $199,000

    • Land
    • 1.81 Acres
    • $110,249 per Acre

    970 Belle Oaks Blvd, Bulverde, TX 78163

    This fantastic lot in Belle Oaks Ranch is perfect for building your custom dream home. Surrounded by beautiful mature trees, it offers natural charm and plenty of privacy. The gated community ensures a secure and peaceful environment, while the great amenities-like a pool, tennis and pickleball courts, playground, and walking trails-make it easy to stay active without leaving the neighborhood.

    Miguel Herrera The Agency San Antonio

    970 Belle Oaks Blvd, Bulverde, TX 78163
  • /6

    $100,000

    • Land
    • 1.04 Acres
    • $96,154 per Acre

    188 Merlin Ct, Spring Branch, TX 78070

    Residential lot in a cul-de-sac in the desired Mystic Shores neighborhood! The lot is located on the south side of the subdivision and provides Canyon Lake and Hill Country views from an elevated position. The pie-shaped lot configuration maximizes view potential from your future home site.

    Michelle Carter Keller Williams Heritage

    188 Merlin Ct, Spring Branch, TX 78070
  • /18

    $165,000

    • Land
    • 1.27 Acres
    • $129,921 per Acre

    335 Arthur Ct, Spring Branch, TX 78070

    1.27- Acre Hill Country Homesite in Gated Resort Style Community. Discover the perfect canvas for your dream home on this spacious 1.27 acre lot nestled in the heart of the Texas Hill Country. Located within a private, gated subdivision, this property offers breathtaking natural surroundings paired with an unmatched lineup of resort style amenities- all just minutes from Canyon Lake. Enjoy an

    Jim Smylie JPAR San Antonio

    335 Arthur Ct, Spring Branch, TX 78070
  • /27

    $179,900

    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft

    833 Cimarron, Spring Branch, TX 78070

    Welcome to your Texas Hill Country home! This 3 bedroom, 2 bathroom home comes with stunning views and Comal ISD schools. This property features an open concept floor plan with the primary bedroom split from the secondaries for privacy. Step outside onto the backyard deck to take in the panoramic views of the surrounding landscape. Whether you're enjoying your morning coffee or unwinding under

    Christopher Watters Watters International Realty

    833 Cimarron, Spring Branch, TX 78070

Showing Results 1 - 40, Page 1 of 6

Home Trends in Spring Branch, TX

Housing Trends

Median Sale Price
$582,250
Median Single Family Sale Price
$585,000
Average Price Per Sq Ft
$265
Number of Homes for Sale
203
Last 12 months Home Sales
398
Months of Supply
6.10
Median List Price
$625,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
11%
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