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 | |||||||||
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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% | ||
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12 Months - Sold Resale Homes | |||||||||
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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 | ||||||||
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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% | |
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12 Months - Sold Resale Homes | ||||||||
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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 Town Association: http://www.mililanitown.org/
- Mililani Drug Free: http://www.Mililanidrugfree.org/
- Mililani Chess Club: http://www.mililanichess.org/
- Mililani Real Estate: http://hawaiirandy.com/
Mililani Blog Posts:
- Welcome to Mililani - Part 1 the Shopping Centers
- Welcome to Mililani - Part 2 the Planned Community
- Welcome to Mililani - Part 3 the Surrounding Communities
- Mililani is Pet Friendly
- Mililani, Hawaii Directory of Schools
- 12 Great Reasons to Buy a Home in Mililani, Hawaii
- Mililani Chess Kids are Still Flashing Their Stuff
- Mililani Middle School Brings Home State Chess Title
- Mililani High School Cheerleaders Take Their First State Title
- A Sunny Day of Chess and Real Estate in Hawaii
- Mililani HS Wins OIA Softball Title
- Are You Involved in Your Community? If Not, Get to It.
ontecito/ Tuscany an Ewa Gentry planned community in Ewa Beach, Hawaii (makes up part of tax map key 191).
I have been asked many times what kind of appreciation in value a buyer should expect from the purchase of a property? I have also heard other agents asked that question.