U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2000

Table 7. Characteristics of Condominium Apartments Completed During the
         Fourth Quarter of 1999 and of Those Sold Within 3 Months (Revised)
Not Seasonally Adjusted

(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 and percents are computed using unrounded data)


                          Total
                         condo-             Per-              Per-
                         minium             cent              cent
                         apart-               of              sold
                          ments  Standard  total Standard   within  Standard
                       completed   error*  units   error* 3 months    error*

U.S. Total                9,000    1,720    100      (X)        79      3.0

Units selling for:
Less than $75,000           800      390      9      3.3        87      7.7
$75,000 to $99,999        3,000    1,230     33      8.4        83      4.1
$100,000 to $124,999      1,500      500     16      5.1        86      2.1
$125,000 to $149,999      1,000      180     11      2.9        82      5.0
$150,000 to $199,999      1,100      260     13      3.6        61     10.0
$200,000 or more          1,600      290     18      4.6        73      7.1
Median asking price    $112,200  $18,060     (X)     (X)  $107,900  $18,900

Units with:
Fewer than 2 bedrooms     1,000      290     11      2.1        76      4.5
2 bedrooms                5,500    1,190     61      2.9        78      4.2
3 bedrooms or more        2,500      430     28      3.7        84      3.2

* One standard error (68-percent confidence interval)
X Not applicable.  



Go to Detailed Tables for Second Quarter 2000 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