Home > Blogs > Carol Faaland-Kronmaier > Carol Faaland-Kronmaier Manville Homes For Sale

Real Estate Market Recap of Manville, NJ, April 2011

By Carol Faaland-Kronmaier

Real Estate Agent with Weichert, Realtors; Hillsborough 7802605

April 16, 2011 09:23 AM

This is a Real Estate Market Recap of Manville, NJ

Closed Sales

Eight new happy homeowners in Manville since January 1st 2011:

321 Boesel Ave: $134000/$121145 (final listed price/sold price)
151 S. 13^th Ave: $135000/$85000
18 Dakota St.: $159000/$159000
301 Jackson Ave.: $215000/$216000
129 S. 12^th Ave.: $23500/$180000
912 Haran Ave.: $299900/$290000
186 E. Camplain Rd.: $324900/$342000
213 S. 8^th Ave.: $329900/$326000

Real Estate Market Recap of Manville, NJ

Fourteen homes are under contract in Manville:

216 N. 9^th Ave.: $179900 (final listed price)
1312 Raritan Ave.: $210000
110 Boesel Ave.: $130000
89 S. 19^th Ave: $145000
41 N. Bridge St.: $169000
130 N. 7^th Ave.: $180000
246 N. 5^th Ave.: $180000
504 Washington Ave.: $188000
620 S. Main St.: $190000
813 Newark Ave.: $199750
308 Jasinski Ave.: $259900
718 Rabens Ave.: $259900
142 S. 13th Ave.: $292000
1025 Knopf St.: $295000

There were eighteen new listings here in town since March 1^st 2011. All of this information is important to include in the Real Estate Market Recap of Manville.

.

Search available homes and townhomes for sale in Manville on my Website: ManvilleHomesForSale.com.

Absorption Rates

Absorbtion 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 inventory 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.

There are currently 81 active listings in Manville and there were 8 sales in the last month which is a market absorption rate of 10.2 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: 34 listings available, 4 sold last 30 days = inventory of 8.5 months

Homes starting at $200,000: 47 listings available, 4 sold last 30 days = inventory of 11.75 months

Remember inventory levels do not predict how long it will take to sell a given house. 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.

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