This is a Real Estate Market Recap of Manville, NJ; December 2011:
Closed Sales
Three new happy homeowners in Manville since October 1st 2011:
|
Address |
List Price |
Style |
Rooms |
Beds |
Baths |
Garage |
Basement |
Sold Price |
Days On Market |
|
935 RARITAN AVE |
$149,900 |
Ranch |
6 |
3 |
1 |
0 |
Yes |
$120,000 |
21 |
|
11 S 10TH AVE |
$239,900 |
Cape Cod, Custom Home |
7 |
2 |
2 |
1 |
Yes |
$230,000 |
99 |
|
50 N 13TH AVE |
$249,900 |
Split Level |
6 |
3 |
2 |
1 |
Yes |
$226,000 |
133 |
Seventeen homes are under contract in Manville.
There were 27 new listings here in town since September 1st 2011 and 20 of them were listed since October 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.
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.
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 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: 41 listings available, 6 sold last 30 days = inventory of 6.8 months.
Homes starting at $200,000: 40 listings available, 2 sold last 30 days = inventory of 20 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.
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!
Please scan this QR code to open my mobile website that will help you search for listings and other local real estate information!
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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