This Mililani sales report covers zip code 96789 which covers both the Mililani Area (which includes Mililani Town, Launani Valley) and Mililani Mauka.
The Mililani real estate is still moving strong. We are still seeing good real estate activity in the Mililani area. With low interest rates and a little more inventory, buyers are still able to buy the home of their dreams, while sellers are beginning to see properties moving again.
Single Family homes sales volume was off earlier in the year, but has picked up in August. Sales prices in Mililani have shown small gains over 2006, despite all the negative media reports. Year to date numbers indicate that the Mililani real estate market is holding strong. Inventory has come down a little in the last few months. With mortgage rates remaining low, the new home developers finishing out in the area and many our troops returning to Schofield Barracks from Iraq low look for prices and sales volumes to continue to see modest increases over the next few months.
Condo and townhouse sales are still looking strong. Inventory is relatively low and average sales prices have continued to climb in Mililani Mauka and in the other areas have remained stable. Sales volume has continued at the 2006 levels. It is a good time for buyers to find the home of their dreams and for sellers who have their properties ready and priced appropriately.
Currently Active for Sale (September 9, 2007):
- 50 Single Family Homes - Mililani Area
- 37 Single Family Homes - Mililani Mauka
- 73 Condos/ Townhouses - Mililani Area
- 25 Condos/ Townhouses - Mililani Mauka
Currently in Escrow (September 9, 2007):
- 17 Single Family Homes - Mililani Area
- 15 Single Family Homes - Mililani Mauka
- 25 Condos/ Townhouses - Mililani Area
- 5 Condos/ Townhouses - Mililani Mauka
For the Month of August 2007 | |||||||||
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Single Family Homes - Sold | |||||||||
| Number of Sales |
| Average Sales Price | ||||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | ||
Mililani Area (Mililani Town, Launani Valley and Waipio Acres) | 17 | 14 | +21.43% |
| $596,117 | $571,642 | +4.28% | ||
Mililani Mauka | 21 | 15 | +40.00% |
| $739,333 | $690,000 | +7.15% | ||
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Year to Date Through August 31, 2007 | |||||||||
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Single Family Homes - Sold | |||||||||
| Number of Sales |
| Average Sales Price | ||||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | ||
Mililani Area (Mililani Town, Launani Valley and Waipio Acres) | 103 | 115 | -10.43% |
| $576,809 | $583,090 | -1.08% | ||
Mililani Mauka | 131 | 125 | +4.80% |
| $715,797 | $700,497 | +2.18% | ||
For the Month of August 2007 | ||||||||
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Condos and Townhouses - Sold | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Mililani Area (Mililani Town, Launani Valley and Waipio Acres) | 22 | 35 | -37.14% |
| $309,254 | $314,800 | +1.76% | |
Mililani Mauka | 13 | 11 | +18.18% |
| $353,569 | $341,000 | +3.69% | |
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Year to Date Through August 31, 2007 | ||||||||
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Condos and Townhouses - Sold | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Mililani Area (Mililani Town, Launani Valley and Waipio Acres) | 222 | 260 | -15.62% |
| $306,140 | $299,645 | +2.17% | |
Mililani Mauka | 107 | 114 | -6.14% |
| $347,034 | $345,426 | +0.47% | |
*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, Hawaii Real Estate Sales Activity for April 2007
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 - Q1 2007 Real Estate Sales Activity of Existing Homes
- Mililani, Hawaii Real Estate Sales Activity for May 2007
- June 2007 Real Estate Sales Activity for Mililani, Hawaii
- Real Estate Sales In Mililani Seems to be Picking Up
- Real Estate Sales Activity in Mililani
- Mililani Townhouse Sales are on Fire!
- Mililani, Hawaii - A changing market, many opportunities
- 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.
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Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR
Century 21 Liberty Homes
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) and the Leeward Regional Chairman of the Honolulu Board of Realtors. To improve overall professionalism in his area Randy also offers classes for real estate agents.
www.HawaiiRandy.com * Oahu (Honolulu County) Property Search * Hawaii Military Relocations
Randy,
Your market certainly looks better than ours.
Neal - Sorry to hear about your market, relieved ours is still good.
Linda - There are several strong markets in the country. The media likes to talk about the others.
Sally - What contest. I have been pretty busy lately and haven't been following AR as close.