If you are planning on a Relocation to Hawaii you may want to consider the community of Mililani, Hawaii. Centrally located to all military bases on the island of Oahu (Honolulu County) Mililani is the home for many Active Duty Military as it is 5-10 minutes from Schofield Barracks and Wheeler Army Air Field, 20-25 minutes from Hickam AFB, Pearl Harbor Navy Base and Ft. Shafter Army Base and about 30-35 minutes from Kaneohe Marine Corp Air Base.
Mililani is a Master Planned Community and has a population of approximately 30,000 people. The first homes went up for sale around June 1968 and our H-2 freeway opened in 1976 which lessened the time to travel to Honolulu. With three shopping centers, a 14 plex theater, 7 recreation centers (5 have pools), parks, Mililani Golf Course and activities galore we have a lot of what we need in our central location.
In 1986 Mililani was named an "All American City" and IS the only community in Hawaii to receive this distinction. In 1990 a ground breaking ceremony commenced for the Mililani Mauka subdivision which is a newer and more modern side of the community on the east side of the H-2 freeway.
Current statistics for the last two months for Mililani Town & Mililani Mauka Single Family Homes & Condos:
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Single Family Homes
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# Active
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# In Escrow
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# Sold
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DOM
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Average Sales Price
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Mililani Town (up to $950.000)
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29
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5
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6
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108
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$553,000
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Mililani Mauka (up to $1.300,000)
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32
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8
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16
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75
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$674,000
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Condos/Townhouses
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# Active
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# In Escrow
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# Sold
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DOM
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Average Sales Price
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Mililani Town (up to 450k
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80
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12
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14
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69
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$282,000
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Mililani Mauka (up to 451k)
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25
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3
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16
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51
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$339,362
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*NOTE: DOM (Days on Market) means how long from the time it was listed on the MLS until the properties were sold
From 2007 when sales were still going strong and prices remained stable there now shows a significant decrease in sold properties for November- December of 2008. We can attribute the sales numbers drop due to the financial crisis going on in our nation and this does not exclude Honolulu County. VA (for military and vets) and FHA loans are still great loans and there are still strong lending institutions available with your great credit and/or a % down payment.
Bottom line? If sellers are realistic and listen to the advice of their Realtor® regarding pricing and their expert opinion then they will get their property sold. It may take a little time but it will get sold. It is NOT a seller's market so listen to the strategy of your agent and we are working for you when we are giving you suggestions!
Buyers need to realize that though sales numbers are down it does not mean that all neighborhoods have a significant decrease in sales prices. Waiting for prices to drop and taking a chance on interest rates increasing will still net a monthly mortgage payment that could be significantly higher and lose that home you really love. It all depends on your circumstances.
Our office is located in Mililani Town in Central Oahu and 10 minutes from Schofield Barracks and Wheeler Army Air Field. We are also located about 20-25 minutes from Hickam AFB & Pearl Harbor Navy Base although I service all of the island of Oahu.
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Be proactive in your Hawaii Relocation and your search for your home in paradise. It's not easy moving across the Pacific Ocean let alone to a totally different "world" of people but you can do it with effort, motivation and a great Realtor®!
© 2009 Celeste "Sally" Cheeseman, All rights reserved
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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents. Website: www.hawaiihomesmarket.com
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Sally your DOM are rather stable and a good market. Good luck with all your Military duty buyers and sellers.