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. Single Family homes sales volume was off earlier in the year, but has picked up in August. Sales prices in Mililani have shown small gains over 2006, despite all the negative media reports. Year to date numbers indicate that the Mililani real estate market is holding strong. Inventory has come down a little in the last few months. With mortgage rates remaining low, the new home developers finishing out in the area and many our troops returning to Schofield Barracks from Iraq low look for prices and sales volumes to continue to see modest increases over the next few months. Condo and townhouse sales are still looking strong. Inventory is relatively low and average sales prices have continued to climb in Mililani Mauka and in the other areas have remained stable. Sales volume has continued at the 2006 levels. It is a good time for buyers to find the home of their dreams and for sellers who have their properties ready and priced appropriately. Currently Active for Sale (September 9, 2007): 50 Single Family Homes - Mililani Area 37 Single Family Homes - Mililani Mauka 73 Condos/ Townhouses - Mililani Area 25 Condos/ Townhouses - Mililani Mauka
Currently in Escrow (September 9, 2007): 17 Single Family Homes - Mililani Area 15 Single Family Homes - Mililani Mauka 25 Condos/ Townhouses - Mililani Area 5 Condos/ Townhouses - Mililani Mauka
For the Month of August 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) | 17 | 14 | +21.43% | | $596,117 | $571,642 | +4.28% | Mililani Mauka | 21 | 15 | +40.00% | | $739,333 | $690,000 | +7.15% | | | | | | | | | Year to Date Through August 31, 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) | 103 | 115 | -10.43% | | $576,809 | $583,090 | -1.08% | Mililani Mauka | 131 | 125 | +4.80% | | $715,797 | $700,497 | +2.18% |
For the Month of August 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) | 22 | 35 | -37.14% | | $309,254 | $314,800 | +1.76% | Mililani Mauka | 13 | 11 | +18.18% | | $353,569 | $341,000 | +3.69% | | | | | | | | | Year to Date Through August 31, 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) | 222 | 260 | -15.62% | | $306,140 | $299,645 | +2.17% | Mililani Mauka | 107 | 114 | -6.14% | | $347,034 | $345,426 | +0.47% |
*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed. Mililani Links: Mililani Blog Posts:
4 Comments on August 2007 Real Estate Sales Activity for Mililani, Hawaii
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Randy,
Your market certainly looks better than ours.