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Survey of Market Absorption of Apartments (SOMA)
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Fourth 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 Fourth 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 4th quarter Standard
quarters error* 2001 error*
Total 43,000 5,540 26,300 3,370
Asking price:
Less than $100,000 8,000 2,540 5,400 1,910
$100,000 to $124,999 5,200 1,310 3,800 1,000
$125,000 to $149,999 5,600 770 3,100 450
$150,000 to $199,999 7,700 1,680 4,500 1,020
$200,000 to $249,999 4,400 1,250 3,400 1,180
$250,000 or more 12,200 2,500 6,100 1,240
Median asking price $168,000 $19,730 $159,800 $22,980
Units with:
Fewer than 2 bedrooms 4,800 1,220 2,100 350
2 bedrooms 24,500 3,250 15,600 2,340
3 bedrooms or more 13,800 2,820 8,600 1,880
Condominiums
completed in
Condominiums last 4
completed in quarters and
last 4 remaining
quarters and for sale at
sold in 4th Standard end of 4th Standard
quarter 2001 error* quarter 2001 error*
Total 10,200 2,080 6,500 1,040
Asking price:
Less than $100,000 1,900 590 800 250
$100,000 to $124,999 900 270 500 150
$125,000 to $149,999 1,400 430 1,000 230
$150,000 to $199,999 2,300 840 900 280
$200,000 to $249,999 500 130 500 220
$250,000 or more 3,200 770 2,800 780
Median asking price $170,100 $19,260 $203,000 $24,270
Units with:
Fewer than 2 bedrooms 1,700 800 1,000 350
2 bedrooms 5,200 960 3,700 660
3 bedrooms or more 3,300 830 1,800 460
*One standard error (i.e., 68-percent confidence interval).
Note: These data are for completions in the fourth quarter
2000, and the first through third quarters of 2001.
Go to Detailed Tables for Fourth Quarter 2001 Absorptions
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
