In the last few weeks we have seen a surge in business in Mililani and the surrounding area.

Our office had two townhouses for sale.  One was on the market for a little over a year and the other nearly 6 months.  They were just sitting there with very little interest and then it happened.  At the same time they both received multiple offers and went into escrow.  Ok I know that is not scientific, but let's look at a few more.

On the first of the month 3/1/07, I listed a 3 bed/ 2.5 bath townhouse for sale in Laulea.  My clients were still moving out and we were putting in new carpet.  We did not have showings until last Wednesday starting at 10:00am.  That afternoon I already had multiple offers pushing it over asking price.  In Mililani Garden Homes 1 another agent from a neighboring Century 21 office had a listing that was the twin brother to the one I am selling in Laulea.  I checked that day to find his was scooped up also.  The beginning of the year these properties were just not moving.

In the last few weeks I have also noticed inventory in Mililani has come down some.

Mililani SignToday  3/14/07:

Townhouses Sales

  • 111      Active for Sale
  • 63        In Escrow
  • 218      Sold in last 6 months

Single Family Homes

  • 88        Active for Sale
  • 44        In Escrow
  • 142      Sold in last 6 months

We have now dropped to 2 months inventory, making it a sellers market again in Mililani.

What are some of the forces pushing this new positive movement?  Interest rates are low.  The homes construction is almost completely built out in Mililani Mauka.  We also have the Striker Brigade coming to Schofield Barracks.  The 2nd Brigade is still in Iraq.  When they return there will be another big pressure on our housing inventory.  At least for the short term things are looking up in Mililani.

 

Mililani Links:

Mililani Blog Posts:

 

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Randy L. Prothero, REALTOR®, Broker-in-Charge, ABR, AHWD, CRS, e-PRO, GRI, SFR

Keller Williams Realty

 

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

 

www.HawaiiRandy.com *  Oahu (Honolulu County) Property Search  *  Hawaii Military Relocations

 

11 Comments on Real Estate Sales In Mililani Seems to be Picking Up

MAR
14
2007
131,494 Points 9 Featured Posts Outside Blog
Great news for you Randy! Hope it keeps up for you guys over there!
6:40pm • #1
597,028 Points 106 Featured Posts Localism Sponsor Outside Blog Hit Router
I am mostly concerned with the lenders.  If the money gets tough it will effect everyone.
8:10pm • #2
1,358,884 Points 243 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Randy, that is what we like to see, houses selling fast and not sitting on the market for ever.
10:18pm • #3
MAR
15
2007
5 Featured Posts Outside Blog
Good to see the up-tick in sales! A year ago you couldn't give Condos away here. Now I check the market for a potential buyer and there are hardly any left on the market!
3:38am • #4
597,028 Points 106 Featured Posts Localism Sponsor Outside Blog Hit Router

George - Especially when they are my listings.  :)

Danny - We slowed for part of last year, but it seems to be moving strong again here.
3:52am • #5
188,185 Points 31 Featured Posts Outside Blog
Randy, It seems to be picking up here also.  I just put one in escrow and was in multiple offers also. 
4:21am • #6
597,028 Points 106 Featured Posts Localism Sponsor Outside Blog Hit Router
Laurie - I love multiple offers.  I thought I wouldn't see those days for awhile.  I am happy to see them back.
4:23am • #7
155,783 Points 1 Featured Post Outside Blog
Randy-Hotsheets told me today that your office put another one in escrow today.  It had been on the market for a long time. 
10:52pm • #8
MAR
16
2007
597,028 Points 106 Featured Posts Localism Sponsor Outside Blog Hit Router
David - We had a few old listings go in the last two weeks.
12:04am • #9
MAR
19
2007
298,603 Points 49 Featured Posts Outside Blog
Your post has been included in the week in review.
9:29am • #10
597,028 Points 106 Featured Posts Localism Sponsor Outside Blog Hit Router
Thank you Maggie, I believe this is my first time.
11:13am • #11

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Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Island Style Realty Inc. - "The Prothero Group"

Mililani, HI

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Island Style Realty Inc.

Address: 94-539 Puahi St., #B, Waipahu, HI, 96797

Office Phone: (808) 671-2225

Cell Phone: (808) 384-5645

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