This Mililani sales report covers zip code 96789 which covers both Mililani Mauka and Mililani Area (which includes Mililani Town, Launani Valley and Waipio Acres).
Mililani real estate is still moving strong. We are still seeing good real estate activity in the Mililani area. Mililani has remained a balanced market giving buyer good selection, and seller's the ability to move appropriately priced homes.
A few dynamics in the area:
Castle and Cooke have almost finished selling the new homes in Mililani Mauka. We are continuing to see troop movements at Schofield Barracks, which is contributing to the movement of inventory in Mililani.
Single Family Homes (resale): Average sales prices in Mililani Town and the valleys stayed saw a dip in June from the levels last year, while year to date they have stayed consistent. Mililani Mauka had a small decrease in average price over the same period last year. Year to date Sales volume in the Mililani Town and the valleys are up from last year, while Mililani Mauka dipped a little. Inventory levels have remained consistent. Along with mortgage rates remaining low, buyers and sellers will continue to find the Mililani real estate market attractive.
Condo and Townhouses (resale): Sales volume and average sales prices in Mililani Town and the Valleys both saw modest increase while Mililani Mauka saw slippage in volume and held their average prices consistent with last year.
Currently Active for Sale (July 5, 2008):
- 53 Single Family Homes - Mililani Area
- 49 Single Family Homes - Mililani Mauka
- 82 Condos/ Townhouses - Mililani Area
- 26 Condos/ Townhouses - Mililani Mauka
Currently in Escrow (July 5, 2008):
- 20 Single Family Homes - Mililani Area
- 14 Single Family Homes - Mililani Mauka
- 27 Condos/ Townhouses - Mililani Area
- 12 Condos/ Townhouses - Mililani Mauka
|
For the Month of June - Sold Resale Homes
|
|
|
|
|
|
|
|
|
|
|
Single Family Homes - Sold
|
|
|
Number of Sales
|
|
Average Sales Price
|
|
Area
|
2008
|
2007
|
% Change
|
|
2008
|
2007
|
% Change
|
|
Mililani Area (Mililani Town, Launani Valley and Waipio Acres)
|
13
|
13
|
--
|
|
$578,057
|
$613,846
|
-5.83%
|
|
Mililani Mauka
|
14
|
16
|
-12.5%
|
|
$650,535
|
$684,718
|
-5.00%
|
|
|
|
|
|
|
|
|
|
|
Year to Date Ending June 30th - Sold Resale Homes
|
|
|
|
|
|
|
|
|
|
|
Single Family Homes - Sold
|
|
|
Number of Sales
|
|
Average Sales Price
|
|
Area
|
2008
|
2007
|
% Change
|
|
2008
|
2007
|
% Change
|
|
Mililani Area (Mililani Town, Launani Valley and Waipio Acres)
|
78
|
74
|
+5.41%
|
|
$570,851
|
$566,912
|
+0.31%
|
|
Mililani Mauka
|
64
|
83
|
-22.81%
|
|
$673,606
|
$704,463
|
-4.38%
|
| |
|
|
|
|
|
|
|
|
|
|
For the Month of June - Sold Resale Homes
|
|
|
|
|
|
|
|
|
|
|
Condos and Townhouses - Sold
|
|
|
Number of Sales
|
|
Average Sales Price
|
|
Area
|
2008
|
2007
|
% Change
|
|
2008
|
2007
|
% Change
|
|
Mililani Area (Mililani Town, Launani Valley and Waipio Acres)
|
22
|
37
|
-40.54%
|
|
$344,700
|
$288,048
|
+19.67%
|
|
Mililani Mauka
|
7
|
20
|
-65.00%
|
|
$382,471
|
$354,150
|
+8.00%
|
|
|
|
|
|
|
|
|
|
|
Year to Date Ending June 30th - Sold Resale Homes
|
|
|
|
|
|
|
|
|
|
|
Condos and Townhouses - Sold
|
|
|
Number of Sales
|
|
Average Sales Price
|
|
Area
|
2008
|
2007
|
% Change
|
|
2008
|
2007
|
% Change
|
|
Mililani Area (Mililani Town, Launani Valley and Waipio Acres)
|
102
|
179
|
-43.02%
|
|
$317,274
|
$307,394
|
+3.21%
|
|
Mililani Mauka
|
63
|
82
|
-33.17%
|
|
$344,092
|
$347,509
|
-0.98%
|
| |
|
|
|
|
|
|
|
|
*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
©2008 Randy L. Prothero
;)
;)
Randy - Very detailed report. I also like the way you mentioned what was having an influence on the inventory. It is great to be in a market doing so well.