U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1999

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 1999

(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
                                                    last 4
                            Total             quarters and
                      condominiums                    sold
                        completed                 prior to
                        in last 4   Standard   2nd quarter   Standard
                         quarters     error*          1999     error*

   Total                   30,300     4,010         21,600     2,890

Asking price:
Less than $75,000           2,900     1,420          2,200       900
$75,000 to $99,999          8,100     3,330          6,200     2,500
$100,000 to $124,999        5,100       720          3,600       480
$125,000 to $149,999        4,100       780          3,200       740
$150,000 to $199,999        3,800       380          2,600       230
$200,000 or more            6,300     1,300          3,900       680
Median asking price      $120,400   $13,980       $117,000   $14,290

  Units with:
Fewer than 2 bedrooms       3,300       640          2,200       380
2 bedrooms                 19,300     3,750         14,400     2,780
3 bedrooms or more          7,700     1,270          5,000       680

                                              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 1999    error*  quarter 1999     error*


   Total                    6,600       740          2,100       200

  Asking price:
Less than $75,000             600       160            100        80
$75,000 to $99,999          1,500       420            400       130
$100,000 to $124,999        1,100       230            400        30
$125,000 to $149,999          700        50            200        30
$150,000 to $199,999          900       190            300        40
$200,000 or more            1,700       510            600       110
Median asking price      $127,000   $19,200       $144,400   $18,810

  Units with:
Fewer than 2 bedrooms         900       190            300        80
2 bedrooms                  3,600       520          1,300       170
3 bedrooms or more          2,100       490            500        60

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

 Note: These data are for completions in the second, third, and fourth
      quarters of 1998, and the first quarter of 1999.



Go to Detailed Tables for Second Quarter 1999 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