December 2009 Market Report for Mililani Condos, Townhouses, Homes

Mililani Single Family Home Market Report December 2009:  We have 33 Active Listings from December 2009, with 22 in contract but still showing (Active Continue to Show status), 9 Pending (close to closing with loan approval) and 25 sold.  Mililani Single Family Home activity is picking up with the lower inventory of properties and multiple contracts submitted as well. Average Sales Prices were a bit lower than previous months at $639,952 with average days on market (actively on market before getting an accepted contract...and sold) about 103 days.

2009 Yearly Sales Data for Mililani Single Family Homes: There were 210 Mililani Single Family Homes sold during 2009 with sales prices ranging from $266,000 to $1,175,000 and Average Days on Market was 69 days.

Mililani Condo Statistics for December 2009: We still have 56 Active condos/townhouses on the market from December 2009, 32 Pending and 27 sold. Looks like our Mililani Condo/Townhouse market is still moving although slower than the single family homes sales in December 2009.  Sales Prices ranged from $165,800 to $501,000. Average days on market was 59 days.

2009 Yearly Sales Data for Mililani Condos/Townhouses: There were 210 Mililani Condos/Townhouses sold during 2009 with sales prices ranging from $165,800 to $501,000 with Average Days on Market 66 days.

During the holiday season Mililani Home Resales were still moving...unlike previous years during the holidays. Do you think we can attribute it to the extension of the First Time Homebuyer Credit? How about Military utilizing their VA Guaranteed Loans?

What do you think is going to happen when the extension runs out....again?

 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs, she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

Website: www.hawaiihomesmarket.com

Supporting Hawaii Local Businesses!