The housing market for Hawaii and it's local areas and neighborhoods are what determines good market statistics. Each neighborhood will determine the housing market for your local area. For Mililani Real Estate, we can pretty much gather that that the sales prices will vary from other neighborhoods.... and so will the median and average prices and the number of sold properties.
Mililani Single Family Homes Market Report July 2011: We have 78 Active Listings for July of 2011 (42 for Mililani Town and 36 Mililani Mauka), with 34 in contract (19 for Mililani Town and 13 for Mililani Mauka) and 17 sold properties (5 for Mililani Town and 12 for Mililani Mauka) Mililani Single Family Home activity remains comparable with previous months for 2011. Average Sales Prices were a bit higher at $618,788 at than the previous month of $595,575 and a bit higher than $597,333 a year ago! Average days on market...DOM was 60 days!
Mililani Condo Statistics for July 2011: We have 82 Active condos/townhouses on the market for July 2011 (61 for Mililani Town and 21 for Mililani Mauka), 54 Pending (41 for Mililani Town and 13 for Mililani Mauka), and 20 sold (10 for Mililani Town and 10 for Mililani Mauka) . Average sales price of $ 289,445 went up from the past month of $238,920 and UP from a year ago at $268,763. Average days on market for July 2011 -DOM was 65 days.
Needles to say, our Mililani Condo Townhouse and Home Sales remains stable and will continue to fluctuate month to month as we gain some ground. Buyers: 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.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. Sellers: Be realistic and listen to the advice of your Realtor® regarding pricing and their expert opinion when negotiating and you will get your property sold. It may take a little time but it will get sold! Call Celeste “Sally” Cheeseman @ 808-375-1404 for a Complimentary Property Evaluation!
Still moving, a bit brighter outlook this month and still selling in Mililani!
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