Real Estate Market Report October 2011 | Mililani Condos Townhouses Homes
The national news does not depict the housing market for Hawaii and it’s local areas and neighborhoods.. 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 Town and Mililani Mauka Homes, Condos and Townhouses
Mililani Single Family Homes Market Report October 2011: We have 46 Active Listings for October 2011 (33 for Mililani Town and 24 Mililani Mauka), with 14 in contract (9 for Mililani Town and 13 for Mililani Mauka) and 18 sold properties (9 for Mililani Town and 9 for Mililani Mauka)
Mililani Single Family Home activity remains comparable with previous months for 2011 with multiple contracts submitted and accepted due to the lower inventory. Average Sales Prices were lower at $600,816 than the previous month of $730,100 and down slightly from $641,150 a year ago. Average days on market…DOM was 61 days.
Mililani Condo Statistics for October 2011: We have 58 Active condos/townhouses on the market from October 2011 (26 for Mililani Town and 22 for Mililani Mauka), 38 Pending (26 for Mililani Town and 13 for Mililani Mauka), and 19 sold (14 for Mililani Town and 5 for Mililani Mauka) .
Mililani Condo activity sales numbers are higher than the previous months. Average sales price of $257,828 a slight decrease from September 2011 of $259,575 and down from a year ago at $271,382. Average days on market for October 2011 -DOM was 95 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!
Still moving, a bit brighter outlook this month and still selling in Mililani!
To better determine particulars for your market (with criteria including your sq/ft interior, land, condition and year built), Contact Celeste “Sally” Cheeseman @ 808-375-1404 or sally@hawaiihomesmarket.com for a Complimentary Property Valuation and Consultation!
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