Hawaii Randy's Real Estate Opinions: Mililani, Hawaii - September 2007 Real Estate Sales Activity

Mililani, Hawaii - September 2007 Real Estate Sales Activity

                                                         Mililani Sign 

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.

A few dynamics in the area:

  • Castle and Cooke is almost finished with new home construction in Mililani Mauka.
  • We have seen a large number of troops returning to Schofield Barracks from Iraq.
  • The rental side of the market has dried up.

The above items should put additional pressure on the sales of resale properties.

Single Family homes sales volume was off on the Mililani Town and the valleys, but has increased in Mililani Mauka.  Sales prices in Mililani have leveled year to date from 2006 numbers.  With mortgage rates remaining low, buyers and sellers will find it still a good time to make a move in Mililani.

Condo and townhouse sales are still looking strong.  Sales volume is down from 2006 numbers, but prices have held and even shown a slight increase year to date from 2006.

Currently Active for Sale (October 25, 2007)

  • 57   Single Family Homes - Mililani Area
  • 44   Single Family Homes - Mililani Mauka
  • 104 Condos/ Townhouses - Mililani Area
  • 28   Condos/ Townhouses - Mililani Mauka

Currently in Escrow (October 25, 2007):

  • 11   Single Family Homes - Mililani Area
  • 12   Single Family Homes - Mililani Mauka
  • 36   Condos/ Townhouses - Mililani Area
  • 12   Condos/ Townhouses - Mililani Mauka

For the Month of September 2007

 

 

 

 

 

 

 

 

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)

7

25

-72%

 

$576,142

$565,700

1.85%

Mililani Mauka

11

7

57.14%

 

$661,308

$697,214

-5.15%

 

 

 

 

 

 

 

 

 

Year to Date Through September 30, 2007

 

 

 

 

 

 

 

 

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)

110

140

-21.43%

 

$576,767

$579,985

-0.55%

Mililani Mauka

142

132

7.58%

 

$711,576

$700,323

1.61%

  

For the Month of September 2007

 

 

 

 

 

 

 

 

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)

37

40

-7.50%

 

$317,922

$323,522

-1.83%

Mililani Mauka

12

10

20.00%

 

$346,666

$355,900

-2.59%

 

 

 

 

 

 

 

 

 

Year to Date Through September 30, 2007

 

 

 

 

 

 

 

 

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)

247

290

-14.83%

 

$305,937

$300,999

1.64%

Mililani Mauka

119

124

-4.03%

 

$346,997

$346,270

0.21%

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

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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 • October 25 2007 05:19PM

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