MILILANI HOME SALES | Hawaii Homes Market Report
August 2011
The housing market for Hawaii and it's local areas and neighborhoods are what determines good market statistics. Each neighborhood will determine the housing market for your local area. For Mililani Real Estate, we can pretty much gather that that the sales prices will vary from other neighborhoods.... and so will the median and average prices and the number of sold properties.
Mililani Single Family Homes Market Report August 2011:
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77 Active Listings for (48 for Mililani Town and 29 Mililani Mauka),
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18 in contract (8 for Mililani Town and 10 for Mililani Mauka)
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20 sold properties (10 for Mililani Town and 10 for Mililani Mauka)
Average Sales Prices were a a LOT higher at $576,756 for Mililani Town and $730,000 for Mililani Mauka homes than the previous month of $508,000 and $664,950 and also HIGHER than a year ago at $529,333 and for Mililani Mauka homes at $626,444 (Mauka). Average days on market...DOM was 74 for Mililani Town and 32 DOM for Mililani Mauka!
Mililani Condo Statistics for August 2011:
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64 Active condos/townhouses (43 for Mililani Town and 21 for Mililani Mauka),
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48 Pending (35 for Mililani Town and 13 for Mililani Mauka),
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27 sold (21 for Mililani Town and 6 for Mililani Mauka) .
Average sales price of $277,274 (Mililani Town) and $310,000 (Mauka) went UP from the past month of $238,920 (Mililani Town) and down $348,200 (Mililani Mauka) although UP from a year ago at $230,690 (Mililani Town) and $308,800 (Mauka) . Average days on market...DOM was 47 for Mililani Town and 37 DOM for Mililani Mauka!
Mililani is centrally located on the island of Oahu and tends to compete with other neighbors with a positive fighting market. With the number of sales and sales prices fluctuating month to month in 2011 we are showing signs of recovery with prices rising.
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Dedicated to Brenda Lynn Mahoney, Realtor®,
who passed away on July 25, 2011.
She rocked in Mililani!
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