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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and Reported as Sold and Remaining
         for Sale in the Second Quarter of 1997

(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  2nd quarter  Standard
                        quarters     error*        1997     error*

   Total                  40,400     6,420       27,500     3,950

Asking price:
Less than $75,000          4,600     2,580        3,600     1,900
$75,000 to $99,999        11,100     4,160        7,000     2,340
$100,000 to $149,999      13,500     3,090        9,900     2,170
$150,000 to $199,999       7,400     2,730        4,900     1,310
$200,000 or more           3,800       450        2,100       240
Median asking price     $116,700   $16,740     $115,800   $14,080

  Units with:
Fewer than 2 bedrooms      3,700     1,020        2,900       690
2 bedrooms                30,700     6,290       20,500     3,840
3 bedrooms or more         5,900       770        4,200       580



                                             Condominiums
                                              remaining
                      Condominiums             for sale
                         sold in              at end of
                      2nd quarter  Standard  2nd quarter  Standard
                            1997     error*        1997     error*


   Total                   9,100     1,790        3,800       830

  Asking price:
Less than $75,000            800       360          100        60
$75,000 to $99,999         2,600       850        1,500       800
$100,000 to $149,999       2,500       560        1,100       200
$150,000 to $199,999       2,100     1,410          400        30
$200,000 or more           1,000       230          700        40
Median asking price     $122,200   $25,010     $111,800   $26,520

  Units with:
Fewer than 2 bedrooms        700       260          200        10
2 bedrooms                 7,200     1,760        3,000       830
3 bedrooms or more         1,200       190          500        20

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

 Note: These data are for completions in the second through fourth
       quarters of 1996 and the first quarter of 1997.
	  


Go to Detailed Tables for Second Quarter 1997 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