Hawaii Randy's Real Estate Opinions: August 2008

Mililani, Hawaii – July 2008 Real Estate Sales Activity

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.  Mililani has remained a balanced market giving buyer good selection, and seller's the ability to move appropriately priced homes.

A few dynamics in the area:

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

We are continuing to see troop movements at Schofield Barracks, which is contributing to the movement of inventory in Mililani.

Single Family Homes (resale): Average sales price and sales volume in Mililani Town and the valleys saw a bounce back from the same period in 2007 and we are seeing modest increases in both.  Mililani Mauka had a small decrease in average price and a 30% dip in units sold year to date.  Mortgage rates have remained low, buyers and sellers will continue to find the Mililani real estate market quite attractive.

Condo and Townhouses (resale):  Sales volume is down in all Mililani areas, while average sales price remained flat in Mauka and had modest increases in the other areas.  The good news for sellers is that condos and townhouses are moving.  If they are priced right and show well they still can move fast.  For buyers there is some really nice selection out there.  A client asked me what I think about Mililani.  I had a simple answer.  I live there, my office is there and my children go to school there.  I guess I am big on Mililani.

Mililani SignCurrently Active for Sale (August 5, 2008)

  • 56 Single Family Homes - Mililani Area
  • 56 Single Family Homes - Mililani Mauka
  • 81 Condos/ Townhouses - Mililani Area
  • 29 Condos/ Townhouses - Mililani Mauka

Currently in Escrow (August 5, 2008):

  • 14 Single Family Homes - Mililani Area
  •   9 Single Family Homes - Mililani Mauka
  • 28 Condos/ Townhouses - Mililani Area
  • 10 Condos/ Townhouses - Mililani Mauka

For the Month of  July - 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)

13

12

+8.33%

 

$589,653

$610,491

-3.41%

Mililani Mauka

13

27

-51.85%

 

$688,192

$732,333

-6.03%

 

 

 

 

 

 

 

 

Year to Date Ending July 31st -  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)

91

86

+5.81%

 

$573,537

$572,993

+0.09%

Mililani Mauka

77

110

-30.00%

 

$676,068

$711,304

-4.95%

                   

  

For the Month of  July - 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)

11

21

-47.62%

 

 

$322,363

$292,190

+10.33

Mililani Mauka

11

12

-8.33%

 

$320,272

$336,708

-4.88%

 

 

 

 

 

 

 

 

Year to Date Ending July 31st -  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)

113

200

-43.50%

 

 

$317,769

$305,798

+3.91%

Mililani Mauka

74

94

-21.28%

 

$340,551

$346,130

-1.61%

                 

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

 

©2008 Randy L. Prothero

 

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

Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

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.  His luxury home listings sell faster and for more money.

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 0 commentsRandy Prothero • August 05 2008 07:41PM
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