U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2001

Table 6. Characteristics of Condominium Apartments Completed During the
         First Quarter of 2001 and of Those Sold Within 3 Months (Preliminary)
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             11,300    1,760    100      (X)        72      4.2

Units selling for:
Less than $100,000      2,600    1,130     23      8.9        45     18.3
$100,000 to $124,999    2,000      560     18      5.4        80      7.7
$125,000 to $149,999    1,100      340     10      3.3        81     10.6
$150,000 to $199,999    1,900      830     17      6.7        76      7.6
$200,000 to $249,999    1,400      530     12      4.2        91      4.8
$250,000 or more        2,400    1,090     21      8.5        77      4.4
Median asking price  $150,000  $28,630    (X)      (X)  $165,300  $27,800

Units with:
Fewer than 2 bedrooms     400       80      3      0.9        71      9.8
2 bedrooms              6,500      960     57      7.3        69      8.8
3 bedrooms or more      4,500    1,310     39      7.2        77      4.5

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




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