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Mililani Market Report | Mililani Home Sales January to February 2011

By
Real Estate Agent with Liberty Homes RS-#62825

In 1971 my family moved to Mililani and it was in the beginning stages of a 40 year Master Planned Community development of single family homes, condos and townhouses with the first homes built in 1968. 

Miililani is centrally located to all military bases on the island and 5-10 minutes from Schofield Barracks and Wheeler Army Airfield, 20-25 minutes to Hickam AFB, Pearl Harbor Navy Base and over the H-3 to Kaneohe Marine Corp Air Station in a matter of 35-40 minutes.  We have three shopping centers and seven recreation centers (five have pools) with many community activities for all ages.

Mililani is the ONLY community in Hawaii to receive the distinction of "ALL AMERICAN CITY" in 1986 and you can get more information, association docs, homeowner packets and more from our association site by clicking on the following link:  MILILANI TOWN ASSOCIATION INFORMATION

Over the past few months we have had a fluctuation of sales numbers and sales prices. All in all Mililani and Mililani Mauka still have a few short sales and foreclosures to go through but our future is looking brighter with the market moving!

The following market statistics show a clearer picture for January to February of 2011:

Single Family Homes

  

  

  

  

  

  

# Active

# In Escrow

# Sold

DOM

Average Sales Price

Mililani Town

28

18

17

59

$665,000-H

$430,000-L

Mililani Mauka

23

17

10

75

$702,500-H

$442,000-L

  

  

  

  

  

  

Condos/Townhouses

  

  

  

  

  

  

# Active

# In Escrow

# Sold

DOM

Average Sales Price

Mililani Town

77

35

80

73

$437,500-H

$125,000-L

Mililani Mauka

17

17

49

50

$525,000-H

$149,000-L

 *NOTE:  DOM (Days on Market) means how long the property was listed on the MLS until the properties went into escrow with an accepted contract.

Posted by

                                                       

 

Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) 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 Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

 

 © 2007-2015 Celeste "Sally" Cheeseman's

Hawaii Real Estate and Relocation Blog.

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Comments(4)

Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Dear Sally: The prices sound really reasonable.. and the photo is lovely. I hope you sold a goodly portion! best, Gay

Feb 28, 2011 07:43 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Gay:  I sold a few...I actually work from South to West Shores of Oahu...we are so densely populated a neighborhood is from one to the next.

Feb 28, 2011 03:41 PM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Sally - It's good to hear of improving markets ..... definitely a sign that the recovery train is picking up speed across North America

Feb 28, 2011 04:20 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Sally - from what I am hearing, the market is improving across the nation and that is wonderful news! I have been busier this year so far than in all of last year! More closings, more clients! It is really wonderful!

Mar 06, 2011 06:17 AM