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 have a healthy Mililani Oahu Housing Market. We have had our ups and downs but our market is in a buyer AND seller mode now and still a negotiating market to say the least.
Let’s take a look at the months of January to to today………..
2016 Market Report for Mililani Condos, Townhouses, Homes
Mililani Single Family Home 2016 Monthly Market Report: We currently have 23 Active listings and 25 in contract for the beginning of February 2016. There were 30 Mililani Sold Homes in to start 2016 off with a bang! Sales Prices ranging from $555,000 (3 bedroom home) to $1,052,000 (4 bedroom Mililani Mauka) luxury style perimeter home. Average Days on the Market was 60 days for the first part of 2016.
Mililani Condo/Townhouse 2016 Market Report: We have 12 Active condos/townhouses on the market and a promising 26 properties in contract for the first part of 2016. There were 17 sold condos/townhouses in the first part of 2016 with Sales Prices ranging from $231,500 (1 bedroom condo) to $530,000 (3 bdrm townhouse in Mililani Mauka). Average Days on the Market were approximately 52 days for the first part of 2016.
Mililani has had a consistent housing market during the first part of 2016. The start of 2016 shows a promising active market with many properties currently in contract and getting ready to close. The only difference this first month of 2016 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: Lenders are quite strict, making for a healthy buyer’s market and needless to say, transactions run smoother! VERY low interest rates are still hanging around and interest rates determine a lot on your monthly mortgage. Prices are stable in our Mililani Housing Market and the math is clear. If your current situation is in a buy mode I would say….. jump off that fence!
If you are thinking about selling or buying a home on Oahu, Honolulu County, Hawaii email me at firstname.lastname@example.org.