Manville NJ Homes For Sale by Carol Kronmaier: This is the Real Estate Market Recap of Manville, NJ; July 2012

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

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

 

Closed Sales

 

Thirteen new happy homeowners in Manville since May 1st 2012:

 

 

Address

List Price

Style

Rooms

Beds

Baths

Garage

Basement

Sold Price

Days On Market

518 Boesel Ave* 

$39,900

Cape Cod 

Yes 

$30,000

34 

242 POPE ST* 

$64,900

Colonial 

Yes 

$51,000

115 

300 N 2nd Ave 

$85,000

Cape Cod 

Yes 

$62,500

102 

130 S 16TH AVE* 

$174,900

Colonial 

Yes 

$210,000

49 

336 W FRECH AVE* 

$199,750

Ranch 

Yes 

$175,000

155 

6 N 15TH AVE* 

$200,000

Ranch 

Yes 

$190,000

385 

103 S 14th Ave* 

$209,000

Ranch 

Yes 

$192,000

37 

322 Dailey Pl* 

$219,000

Ranch 

Yes 

$215,000

11 

246 N 13TH AVE* 

$219,750

Ranch 

Yes 

$208,500

56 

109 S 14th Ave* 

$220,000

Ranch 

Yes 

$215,000

25 

1309 DUKES PKWY* 

$233,359

Cape Cod 

2.1 

Yes 

$218,000

231 

708 HARAN AVE* 

$249,900

Cape Cod 

2.1 

Yes 

$225,000

22 

815 BOUND BROOK AVE* 

$269,000

Ranch 

1.1 

Yes 

$258,000

20 

 

 

Eighteen homes are under contract in Manville.

 

There were 23 new listings here in town since May 1st 2012 and 14 of them were listed since June 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; June 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, June 2012

 

There are currently 93 active listings in Manville and there were 5 sales in the last month which is a market absorption rate of 18.6 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: 51 listings available, 4 sold last 30 days = inventory of 12.75 months.

 

Homes starting at $200,000: 42 listings available, 1 sold last 30 days = inventory of 42 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; July 2012

Real Estate Market Recap of Manville, NJ; July 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!

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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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Comment balloon 0 commentsCarol Faaland-Kronmaier • July 05 2012 11:07AM

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