Hawaii Randy's Real Estate Opinions: Mililani, Hawaii - Real Estate Sales Activity for 2010

Mililani, Hawaii - Real Estate Sales Activity for 2010

This Mililani sales report covers zip code 96789 which covers the planned communMililani All America City Signity of Mililani (Mililani Town and Mililani Mauka) and the Valleys outside the planned community (which includes Launani Valley and Waipio Acres).

Mililani real estate has shown continuing signs of improvement in 2010.  Inventory levels are lower than we have seen in the past.  Prices have stabilized and are begging to climb.  The first part of 2010 got a boost from the federal buyer's tax credits.  As the year wound down, things slowed during the holidays.  I am expecting to see increased sales activity in Q1 of 2011.

A few dynamics in the area:  We are continuing to see troop movements at Schofield Barracks, which is contributing to the movement of inventory in Mililani.  Troop movements put continuing pressure on the rental market and entry level property sales.

Single Family Homes (resale): Average sales prices in showed increases in all three areas of Mililani. Sales volume also showed increase in Mililani Town and the valleys.   Mililani Mauka saw a decrease in sales volume, but inventory levels also dropped keeping pressure on prices.

Buyers will find this to be a great time to get in the market.

  • Prices have stabilized and are seeing pressure to increase.
  • Interest rates are still at historic low levels.

Sellers will find this a great time to list their home.

  • Inventory levels are low giving them less competition.
  • Prices have stabilized.  Making appraisals less scary.

Condo and Townhouses (resale):  Sales volume is down in all three areas compared to 2009.  Prices are up in the planned community, due to low inventory levels.  The valleys have seen lower prices.  Inventory levels in the valleys are high compared to the sales volume, which is still putting pressure on prices to go down in some of the complexes.  Some buyers are seeing value in the valleys again.

Currently Active for Sale (January 1, 2011)

  • Century 21 Liberty Homes Sign20 Single Family Homes - Mililani Area
  • 22 Single Family Homes - Mililani Mauka
  •   6 Single Family Homes - The Valleys
  • 32 Condos/ Townhouses - Mililani Area
  • 24 Condos/ Townhouses - Mililani Mauka
  • 49 Condos/ Townhouses - Valleys

Currently in Escrow (January 1, 2011):

  • 13 Single Family Homes - Mililani Area
  • 13 Single Family Homes - Mililani Mauka
  •   1 Single Family Homes - The Valleys
  • 15 Condos/ Townhouses - Mililani Area
  •   7 Condos/ Townhouses - Mililani Mauka
  • 12 Single Family Homes - The Valleys


Mililani, Hawaii (96789) - Year End Totals

Single Family Homes - Sold












% Change




% Change

Mililani Area








Mililani Mauka








The Valleys








Condos and Townhouses - Sold












% Change




% Change

Mililani Area








Mililani Mauka








The Valleys








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

 For consumers looking to buy a home here is a helpful fact sheet: http://www.hawaiirandy.com/BuyingHome.html

For homes owners looking to sell their home: http://www.hawaiirandy.com/SellingHome.html



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 7 commentsRandy Prothero • January 01 2011 10:08PM


That's some really good information about the Clie market in Mililani, Hawaii.  Clients and Customers should appreciate the info. 

Posted by Don Barrett (Integrity Real Estate Services) over 8 years ago

Randy.. hey stranger... it's been a long time. In any case, this is great news for your area. Some areas are still hurting big time.. Hope all is well and Happy New year.

jeff belonger

Posted by Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc) over 8 years ago

Don - Thank you, Happy New Year!

Jeff - We have not been hit hard in many of our areas as was the mainland.  Being on an island, we have a limited amount of inventory.  being Hawaii (paradise), there is always demand.  Happy New Year!

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) over 8 years ago

Randy - I know you used to live in AZ.  Those are some great stats but the prices are pretty amazing as well.  I'm going to be listing 5 properties for sale in Arizona for investors at a total of $490,000.00 for the whole package!!! I hope you have a great year!

Posted by Mark Organek, On a journey to accomplish one huge goal. (And the United States of America) over 8 years ago

Mark - There are definitely some good prices in your part of the country. 

When I lived in Arizona, I used to tell everyone we had bigger beaches than Hawaii, just no ocean.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) over 8 years ago

More great localism information - we have seen a surge in our local market and I am expecting this to continue!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 8 years ago

Barbara-Jo  - As long as we can continue to get funding, things should keep moving forward.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) over 8 years ago

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