Hawaii Randy's Real Estate Opinions: April 2008

Mililani, Hawaii - Real Estate Sales Activity for March 2008

                                                                        Mililani Sign

This Mililani sales report covers zip code 96789 which covers both Mililani Mauka and Mililani Area (which includes Mililani Town, Launani Valley and Waipio Acres).

Mililani real estate is still moving strong.  We are still seeing good real estate activity in the Mililani area.  With low interest rates and some selection in the inventory, buyers are continuing to buy the home of their dreams, while sellers are seeing their properties move if priced and marketed correctly.

A few dynamics in the area:

Castle and Cooke has almost finished selling the new homes in Mililani Mauka.

We have continued to see troop movements at Schofield Barracks, helping to keep some of the inventory turning in Mililani.

Single Family Homes (resale): Average sales prices in Mililani Town and the valleys stayed consistent for the last 12 month with the pervious 12 month period, while Mililani Mauka had a very slight increase over the previous period.  Year to date Sales volume in the Mililani Town and the valleys are down from the previous 12 month period, while Mililani Mauka has stayed consistent.  Inventory levels have remained reasonably low; accounting for the stability in prices.  Along with mortgage rates remaining low, buyers and sellers will continue to find the Mililani real estate market attractive.

Condo and Townhouses (resale):  Sales volume for the last 12 month period was down from the previous 12 months in Mililani Town and the valleys while Mililani Mauka sales volume stayed consistent with the previous 12 month period.  Average sales prices during the last 12 months in Mililani Mauka stayed consistent with the previous 12 months.  Mililani Town and the valleys saw a slight increase in the average sales price.

Currently Active for Sale (April 26, 2008)

  • 47 Single Family Homes - Mililani Area
  • 43 Single Family Homes - Mililani Mauka
  • 86 Condos/ Townhouses - Mililani Area
  • 32 Condos/ Townhouses - Mililani Mauka

Currently in Escrow (April 26, 2008):

  • 20 Single Family Homes - Mililani Area
  • 23 Single Family Homes - Mililani Mauka
  • 30 Condos/ Townhouses - Mililani Area
  • 13 Condos/ Townhouses - Mililani Mauka

For the Month of  March - Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes - Sold

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Mililani Area

(Mililani Town, Launani Valley and Waipio Acres)

17

19

-10.53%

 

$597,664

$568,421

+5.14%

Mililani Mauka

14

8

+75%

 

$679,350

$753,125

-9.80%

 

 

 

 

 

 

 

 

 

12 Months - Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes - Sold

 

Number of Sales

 

Average Sales Price

Area

Ending February 2008

Ending February 2007

% Change

 

Ending February 2008

Ending February 2007

% Change

Mililani Area

(Mililani Town, Launani Valley and Waipio Acres)

144

178

-19.90%

 

$578,000

$576,340

+0.29%

Mililani Mauka

172

173

-0.06%

 

$705,397

$697,050

+1.20%

 

For the Month of  March - Sold Resale Homes

 

 

 

 

 

 

 

 

Condos and Townhouses - Sold

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Mililani Area

(Mililani Town, Launani Valley and Waipio Acres)

15

27

-44.44%

 

$310,399

$319,722

-2.92%

Mililani Mauka

10

11

-9.09%

 

$351,400

$346,181

+1.51%

 

 

 

 

 

 

 

 

 

12 Months - Sold Resale Homes

 

 

 

 

 

 

 

 

Condos and Townhouses - Sold

 

Number of Sales

 

Average Sales Price

Area

Ending March 2008

Ending March 2007

% Change

 

Ending March 2008

Ending March 2007

% Change

Mililani Area

(Mililani Town, Launani Valley and Waipio Acres)

274

350

-21.81%

 

$306,878

$300,846

+2.00%

Mililani Mauka

155

146

+6.16%

 

$342,492

$341,590

+0.26%

*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.

Mililani Links:

Mililani Blog Posts:

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 6 commentsRandy Prothero • April 26 2008 08:01PM
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