This is the Real Estate Market Recap of Manville, NJ; April 2012

By
Real Estate Agent with Weichert, Realtors; Hillsborough

This is the Real Estate Market Recap of Manville, NJ; April 2012:

 

Closed Sales

 

Ten new happy homeowners in Manville since February 1st 2012:

 

Address

List Price

Style

RM

BR

TBT

Gar

BSMT

Sold Price

DOM

223 HUFF AVE* 

$59,500

Cape Cod 

Yes 

$59,500

159 

1015 ST JOHN ST* 

$75,000

Cape Cod 

Yes 

$55,000

117 

227 N 2ND AVE* 

$77,300

Colonial 

Yes 

$65,000

51 

153 N 7TH AVE* 

$124,900

Cape Cod 

Yes 

$110,000

33 

212 S 14TH AVE* 

$165,000

Colonial 

Yes 

$135,000

156 

77 BOESEL AVE* 

$169,900

Colonial 

Yes 

$154,000

183 

328 N 9TH AVE* 

$199,000

Cape Cod 

Yes 

$190,000

210 

58 N 13TH AVE* 

$199,900

Cape Cod 

Yes 

$190,500

205 

702 SOMERVILLE AVE* 

$199,900

Colonial 

1.1 

Yes 

$188,000

28 

5 N 13TH AVE* 

$224,500

Ranch 

Yes 

$217,000

28 

 

 

15 homes are under contract in Manville.

 

There were 19 new listings here in town since February 1st 2012 and 11 of them were listed since March 1st. I feel that all of this information is important to include in the Real Estate Market Recap of Manville.

 

If you would like details of the houses that sold or are still on the market in Manville please call (908) 574-9483 or email me anytime at CarolKronmaier@Weichert.com. Search available homes and townhomes for sale in Manville on my Website: ManvilleHomesForSale.com. I feel that the recent lower home prices and the lower mortgage interest rates can make it a great time to buy a house.

 

Real Estate Market Recap of Manville, NJ; April 2012, Amanda, Jonathan

 

Absorption Rates

Absorption rates tell you how many months the available homes for sale in an area will take to sell (if no new homes are listed.) The number shows the rate at which the inventories of homes are being absorbed (sold). As the rate rises or falls it shows you if the current home inventory in Manville is shrinking or growing.

Real Estate Market Recap of Somerset, NJ, April 2012

 

There are currently 93 active listings in Manville and there were 10 sales in the last month which is a market absorption rate of 9.3 months. Inventory levels above 5 or 6 months indicate a clear buyer's market. When Manville absorption rates are that high, I like to break it down and look at price point or type of housing:

 

Homes priced under $200,000: 53 listings available, 4 sold last 30 days = inventory of 13.3 months.

 

Homes starting at $200,000: 40 listings available, 6 sold last 30 days = inventory of 6.7 months.

 

Remember inventory levels do not predict how long it will take to sell a given house. I feel that they help us determine how much activity there is in a given market at a given price point and allow us to plan accordingly when marketing a home for sale.

Real Estate Market Recap of Manville, NJ; February 2012

Real Estate Market Recap of Manville, NJ; February 2012

If you are considering a move into or out of Manville, it pays to plan ahead. Start here to search homes for rent or sale in Manville, NJ. I focus on Manville but am well prepared to discuss other areas as well: Montgomery, Hillsborough, Bridgewater, Raritan, Branchburg, and Somerset- most of Somerset and Hunterdon counties!

CarolKronmaierHomes.com

Please scan this QR code to open my mobile website that will help you search for listings and other local real estate information!

FaceBook RealEstate Page Follow me on Linkedin Follow My Blog On Active Rain Follow Me On Twitter

For more great tips: Visit my web site at: http://www.CarolKronmaierHomes.com

Have questions, need advice you can count on or just want to discuss this further?

Don't waste any more time; pick up the phone and call me now! I'm here to help!

 

 

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