Mililani Real Estate | Mililani Condos, Townhouse, Homes | Mililani Quarterly Market Report for 2012
Mililani Town is the only community in Hawaii to receive the distinction of All American City in 1986 and is centrally located on the island of Oahu (Honolulu County) and to all US Military Bases as well. About 5-10 minutes up Highway 99 is Schofield Barracks and Wheeler AAF and Hickam AFB and Pearl Harbor Navy Base are about 20 to 25 minutes down H-2 to H-1 Freeway and Kaneohe Marine Corp Air Station is on the Windward side of Oahu over the H-3 Freeway.
We’ve definitely had a turn in our Mililani Oahu Housing Market. We have had our ups and downs but our market is in a buyer AND seller mode now and a negotiating market to say the least.
Let’s take a look at the months of January through March of 2012………..
2012 Quarterly Market Report for Mililani Condos, Townhouses, Homes
Mililani Single Family Home 2012 Quarterly Market Report: We have 46 Active listings and 47 in contract for the first quarter of 2012. There were 44 Mililani Sold Homes in the first quarter of 2012 with Sales Prices ranging from $490,000 (3 bedroom home) to $1,500,000 (4 bedroom luxury home) on the golf course. Average Days on the Market was 63 days for the first quarter of 2012.
Mililani Condo/Townhouse 2012 Quarterly Market Report: We have 61 Active condos/townhouses on the market and a promising 48 properties in contract for the first quarter of 2012. There were 61 sold condos/townhouses in the first quarter of 2012 with Sales Prices ranging from $114,200 (1 bedroom condo) to $465,000 (3 bdrm townhouse) compared to 65 condos/townhouses sold in 2011. Average Days on the Market were 71 days for the first quarter of 2012.
Mililani has had a consistent housing market during the first quarter of 2012. The start of 2012 shows a promising active market with many properties currently in contract and getting ready to close. The only difference this quarter compared to the same time period last year is that buyers are out and putting in multiple offers on properties!
For those Hawaii Home Buyers who are sitting on the fence: These all time low Mililani Homes for Sale are at all time low prices with VERY low interest rates to boot. The math is clear, so if your current situation is in a buy mode I would say jump off that fence!
Our Mililani HOME Inventory is a LOWER now than a year ago and prices are slowly regaining ground. Also, wait any longer and a higher interest rate could make a HUGE difference on your monthly mortgage payment!
If you are thinking about selling or buying a home on Oahu, Honolulu County, Hawaii email me at firstname.lastname@example.org!