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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 1997

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and Reported as Sold and Remaining
         for Sale in the Third 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  3rd quarter  Standard
                        quarters     error*        1997     error*

   Total                  41,700     6,090       29,700     4,520

Asking price:
Less than $75,000          4,400     2,070        3,900     1,940
$75,000 to $99,999        11,800     4,370        8,100     2,990
$100,000 to $149,999      14,000     2,840       10,000     2,280
$150,000 to $199,999       7,900     2,330        5,200     1,550
$200,000 or more           3,600       440        2,600       350
Median asking price     $116,500   $15,320     $114,600   $15,960

  Units with:
Fewer than 2 bedrooms      4,600     1,140        3,000       780
2 bedrooms                31,300     5,930       22,300     4,410
3 bedrooms or more         5,900       720        4,300       590



                                             Condominiums
                                              remaining
                      Condominiums             for sale
                         sold in              at end of
                      3rd quarter  Standard  3rd quarter  Standard
                            1997     error*        1997     error*


   Total                   8,800     1,390        3,300       630

  Asking price:
Less than $75,000            400       230          100        20
$75,000 to $99,999         2,600       880        1,200       590
$100,000 to $149,999       3,100       580        1,000       220
$150,000 to $199,999       2,200       870          500        40
$200,000 or more             500       100          500        20
Median asking price     $123,000   $16,020     $115,900   $22,990

  Units with:
Fewer than 2 bedrooms      1,200       340          300        10
2 bedrooms                 6,400     1,340        2,600       630
3 bedrooms or more         1,200       170          400        30

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

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



Go to Detailed Tables for Third 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