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Survey of Market Absorption of Apartments (SOMA)



First Quarter 1998

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and Reported as Sold and Remaining
         for Sale in the First Quarter of 1998

(Privately financed, nonsubsidized, unfurnished, condominium apartments
in buildings with five units or more.  Data regarding number of
bedrooms and asking price are collected at the initial interview,
i.e., 3 months following completion.  Details may not sum to totals 
because of rounding.  Medians are computed using unrounded data.)


                           Total             Condominiums
                      condominiums                 sold
                       completed               prior to
                       in last 4   Standard  1st quarter  Standard
                        quarters     error*        1998     error*

   Total                  33,800     4,490       21,300     2,950

Asking price:
Less than $75,000          2,200       890        1,400       540
$75,000 to $99,999         9,900     3,230        6,400     2,090
$100,000 to $124,999       6,100     1,350        4,400       860
$125,000 to $149,999       5,700     1,500        3,100       850
$150,000 to $199,999       5,200     1,550        3,900     1,520
$200,000 or more           4,700     1,560        2,200       520
Median asking price     $119,700   $12,940     $116,500   $11,920

  Units with:
Fewer than 2 bedrooms      3,200       690        2,200       520
2 bedrooms                23,900     4,100       15,600     2,800
3 bedrooms or more         6,700     1,690        3,600       760


                                             Condominiums
                                              remaining
                      Condominiums             for sale
                         sold in              at end of
                      1st quarter  Standard  1st quarter  Standard
                            1998     error*        1998     error*


   Total                   9,800     1,620        2,700       460

  Asking price:
Less than $75,000            700       300          200        40
$75,000 to $99,999         2,400       900        1,000       430
$100,000 to $124,999       1,400       490          300        30
$125,000 to $149,999       2,100       760          500       160
$150,000 to $199,999       1,000       130          300        30
$200,000 or more           2,100       930          400        20
Median asking price     $128,600   $13,290     $114,900   $26,180

  Units with:
Fewer than 2 bedrooms        800       240          200        40
2 bedrooms                 6,400     1,300        1,900       450
3 bedrooms or more         2,600       930          500        90

 *One standard error (i.e., 68-percent confidence interval).  

 Note: These data are for completions in the first through
        fourth quarters of 1997.



Go to Detailed Tables for First Quarter 1998 Absorptions
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division
Last Revised: September 30, 2011