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Mililani Real Estate | Mililani Market Report for September 2010

By
Real Estate Agent with Liberty Homes RS-#62825

You can't just go by the statistics on national news. Each neighborhood will determine the housing market for your local area. For Oahu Real Estate, we can pretty much gather that from neighborhood to neighborhood that the sales prices will vary and so will the median and average prices and the number of sold properties.

Mililani Town and Mililani Mauka Homes, Condos and Townhouses

To better determine particulars for your market (with criteria including your sq/ft interior, land, condition and year built), contact this Realtor Associate® for a CMA (Comparative Market Analysis).

Mililani Single Family Homes Market Report September 2010:  We have 60 Active Listings for September 2010 (33 for Mililani Town and 27 Mililani Mauka), with 35  in contract (16  for Mililani Town and 19 for Mililani Mauka) and 20 sold properties (13 for Mililani Town and 7 for Mililani Mauka)  Mililani Single Family Home activity remains comparable with previous months for 2010 with multiple contracts submitted and accepted due to the lower inventory. Average Sales Prices were a bit higher than the previous month of $570,952; up to $598,970 and down considerably from $675,500 a year ago. Average days on market...DOM was 43 days.  

Mililani Condo Statistics for September 2010: We have 108 Active condos/townhouses on the market from September 2010 (78 for Mililani Town and 29 for Mililani Mauka), 38 Pending (26 for Mililani Town and 12 for Mililani Mauka),   and 21 sold (13 for Mililani Town and 6 for Mililani Mauka) . Looks like our Mililani Condo/Townhouse market slowed down for the month of September from the previous month. Average sales price of $288,342 a slight increase from August 2010 of $271,882 and comparable to a year ago at $287,209.. Average days on market for September 2010 -DOM was 87 days.

We are in an up and down market and though we have a bit of inventory with short sales and foreclosures left to go through, we are getting multiple offers on properties as the inventory has gone down and prices are reasonable.  Interest rates are low so it is still a good time to take advantage of buying your Hawaii Home.

 Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

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Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit

 Yup, the Home Buyer Tax Credit ended on April 30, 2010 but there are some "Qualified service members" (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

 READ THE DETAILS HERE:   Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit

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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 all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

Website: www.hawaiihomesmarket.com

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Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) 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 Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

 

 © 2007-2015 Celeste "Sally" Cheeseman's

Hawaii Real Estate and Relocation Blog.

All rights reserved.

     

 


 

 

Comments (7)

Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Sally - RE: "To better determine particulars for your market" and your market ..... markets change daily and the only real way to determine the most likely selling price is a CMA as you say ..... those that follow the press are following yesterdays news not todays market. while I am not a big fan of multiple offers they cetainly say something about the market

Oct 02, 2010 05:31 PM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Sis - The beauty of your area sells itself.  After being there for a very short week, it's a very long life I want to live to retire there one day. 

Oct 02, 2010 05:36 PM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Kathy: Exactly....some just need to contact the REAL source...

Hey lil bro... I can just see you and Jen on the beach watching the sunset. Yup..the place

Oct 02, 2010 05:47 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

We agree, each area determines it's own market value and your info for your neighborhoods will help the buying and selling public throughout the process!

Oct 03, 2010 12:24 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Big change in August to Sptember condo sales, good news - even if the increase is short sales and REOs!

Oct 03, 2010 01:03 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Sally - You live in one of the most beautiful areas of our country! Thanks for the updated report!

Oct 03, 2010 04:35 AM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Sally.... you certainly can;t go off what the national news says.. so much of it is soooo local and we need to keep getting that word out. In any case, nice market report here. You all have such some lovely areas... nice job.

jeff belonger

Oct 03, 2010 06:57 AM