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 | |||||||||
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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) | 7 | 25 | -72% |
| $576,142 | $565,700 | 1.85% | ||
Mililani Mauka | 11 | 7 | 57.14% |
| $661,308 | $697,214 | -5.15% | ||
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Year to Date Through September 30, 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) | 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 | ||||||||
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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) | 37 | 40 | -7.50% |
| $317,922 | $323,522 | -1.83% | |
Mililani Mauka | 12 | 10 | 20.00% |
| $346,666 | $355,900 | -2.59% | |
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Year to Date Through September 30, 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) | 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.
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.
