U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2001

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and of Those Reported as Sold and Remaining
         for Sale in the Second Quarter of 2001.

(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.)

                                              Condominiums
                                              completed in
                            Total                   last 4
                      condominiums            quarters and
                        completed             sold prior to
                        in last 4   Standard   2nd quarter   Standard
                         quarters     error*      2001         error*

   Total                   39,200     4,160         23,500     2,960

Asking price:

Less than $100,000          8,800     2,780          5,200     1,680
$100,000 to $124,999        6,400     1,190          3,500       490
$125,000 to $149,999        5,500       720          3,900       650
$150,000 to $199,999        6,700     1,310          4,100       730
$200,000 to $249,999        3,600       620          1,900       380
$250,000 or more            8,200     1,550          4,900       770
Median asking price      $144,500   $11,860       $144,300   $10,480

  Units with:
Fewer than 2 bedrooms       3,000       500          1,900       350
2 bedrooms                 24,000     3,140         14,700     2,210
3 bedrooms or more         12,200     2,220          6,800     1,060

                                              Condominiums
                                              completed in
                      Condominiums                  last 4
                      completed in            quarters and
                           last 4                remaining
                      quarters and             for sale at
                      sold in 2nd   Standard    end of 2nd   Standard
                      quarter 2001    error*  quarter 2001     error*


   Total                    9,800     1,400          5,900       970

  Asking price:
Less than $100,000          1,600       650          2,100       990
$100,000 to $124,999        1,900       510            900       510
$125,000 to $149,999        1,000       240            500       200
$150,000 to $199,999        1,600       680            900       290
$200,000 to $249,999        1,500       530            200        50
$250,000 or more            2,200       820          1,200       410
Median asking price      $161,200   $18,040       $122,900   $20,020

  Units with:
Fewer than 2 bedrooms         400        70            700       230
2 bedrooms                  5,500       670          3,800       970
3 bedrooms or more          3,800     1,000          1,500       520

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

 Note: These data are for completions in second through
      fourth quarters of 2000, and the first quarter of 2001.



Go to Detailed Tables for Second Quarter 2001 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