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Carol Faaland-Kronmaier's Blog

Manville, Hillsborough and Somerset NJ Homes For Sale

By Carol Faaland-Kronmaier | Agent in Manville, NJ

This is a Real Estate Market Recap of Manville, NJ; November 2011

This is a Real Estate Market Recap of Manville, NJ; November 2011:

 

Closed Sales

Eight new happy homeowners in Manville since September 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 

313 North 13th Avenue 

$154,900

Cape Cod 

6 

4 

1 

0 

Yes 

$145,000

232 

19 N WEISS ST 

$199,900

Cape Cod 

6 

3 

1 

1 

Yes 

$182,000

96 

126 S 8TH AVE 

$224,900

Cape Cod 

6 

4 

1 

1 

Yes 

$215,000

35 

416 SIDORSKE AVE 

$224,900

Ranch 

9 

3 

1.1 

0 

Yes 

$212,500

17 

319 N 5TH AVE 

$239,900

Cape Cod 

5 

3 

2 

2 

Yes 

$220,000

40 

 

 

Twelve homes are under contract in Manville.

 

There were 21 new listings here in town since August 1st 2011 and 12 of them were listed since September 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; November 2011, 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, November 2011

 

There are currently 92 active listings in Manville and there were 3 sales in the last month which is a market absorption rate of 30.7 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: 45 listings available, 2 sold last 30 days = inventory of 22.5 months.

 

Homes starting at $200,000: 47 listings available, 1 sold last 30 days = inventory of 47 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; November 2011

Real Estate Market Recap of Manville, NJ; November 2011

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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