Mililani is a Master Planned Community and has a population of approximately 30,000 people. The first homes went up for sale around June 1968 and the last of homes sold in 2008.
In 1986 Mililani was named an "All American City" and IS the only community in Hawaii to receive this distinction. In 1990 a ground breaking ceremony commenced for the Mililani Mauka subdivision which is a newer and more modern side of the community on the east side of the H-2 freeway.
If you are planning on a Relocation to Hawaii you may want to consider the community of Mililani, Hawaii. Centrally located to all military bases on the island of Oahu (Honolulu County) Mililani is the home for many Active Duty Military as it is 5-10 minutes from Schofield Barracks and Wheeler Army Air Field, 20-25 minutes from Hickam AFB, Pearl Harbor Navy Base and Ft. Shafter Army Base and about 30-35 minutes from Kaneohe Marine Corp Air Base.
Current statistics for March 2011 for Mililani Town & Mililani Mauka Single Family Homes & Condos:
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Single Family Homes |
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# Active |
# In Escrow |
# Sold |
DOM |
Average Sales Price |
|
Mililani Town (up to $949.000) |
44 |
18 |
18 |
61 |
$558,305 |
|
Mililani Mauka (up to $903,000) |
21 |
7 |
9 |
63 |
$629,555 |
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|
|
|
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Condos/Townhouses |
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|
|
|
|
|
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# Active |
# In Escrow |
# Sold |
DOM |
Average Sales Price |
|
Mililani Town (up to 450k |
55 |
31 |
12 |
96 |
$273,000 |
|
Mililani Mauka (up to 451k) |
16 |
13 |
12 |
77 |
$291,250 |
*NOTE: DOM (Days on Market) means how long from the time it was listed on the MLS until the properties were sold
Buyers: Realize that though sales numbers are down it does not mean that all neighborhoods have a significant decrease in sales prices. Waiting for prices to drop and taking a chance on interest rates increasing will still net a monthly mortgage payment that could be significantly higher and lose that home you really love. It all depends on your circumstances.
VA (for military and vets) and FHA loans are still great loans and there are still strong lending institutions available with your great credit and/or a % down payment.
Sellers: Be realistic and listen to the advice of your Realtor® regarding pricing and their expert opinion when negotiating and you will get your property sold. It may take a little time but it will get sold!
Be proactive in your Hawaii Relocation and your search for your home in paradise. It's not easy moving across the Pacific Ocean let alone to a totally different "world" of people but you can do it with effort, motivation and a great Realtor®!
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