Mililani Mauka Real Estate Report August 2015

By
Real Estate Agent RS-75962

Mililani Mauka August 2015 Market Report - INTRODUCTION

My August 2015 market report for Mililani Mauka takes a long term view of real estate trends for home, townhome and condo prices in this beautiful planned community in Central Oahu, Hawaii. 

Each graph below displays the number of home sales in Mililani Mauka for each year, dating back to 2000. Accompanying the home sales statistics (shown as color columns) are other statistics (average price, average value and average size) that should hopefully give you a good sense of the current Mililani Mauka real estate market as well as historical trends.

 

Mililani Mauka SINGLE FAMILY HOME SALES - AVERAGE SALE PRICE

Mililani Mauka Single Family Average Sale Price

Primary Year Sales, Number of Sale Price, Average
2000 48 $326,925
2001 53 $330,538
2002 100 $354,252
2003 150 $412,137
2004 145 $510,172
2005 161 $650,549
2006 176 $693,919
2007 170 $713,495
2008 120 $676,959
2009 110 $670,003
2010 103 $678,499
2011 102 $657,176
2012 116 $689,928
2013 101 $727,975
2014 111 $799,962
2015 58 $784,840

 

Looking at this graph and corresponding table of data, if you had bought an average priced home in Mauka in 2000 and sold at the average price in 2015, your home would have realized an over 140% gain in value.  With only a slight dip in 2009, the average single family home price trend has been steadily upward.

 

Mililani Mauka SINGLE FAMILY HOME SALES - AVERAGE HOME VALUE

(Value per square foot)

Mililani Mauka Single Family Home Value Per Square Foot Ratio

Primary Year Sales, Number of List Price by SqFt Ratio
2000 48 15885.1%
2001 53 17717.6%
2002 100 19465.5%
2003 150 22233.0%
2004 145 31597.6%
2005 161 37185.4%
2006 176 38050.4%
2007 170 38758.6%
2008 120 35556.0%
2009 110 34901.9%
2010 103 36250.6%
2011 102 35333.0%
2012 116 35796.5%
2013 101 38289.7%
2014 111 39746.9%
2015 58 41428.9%

 

List price by square foot ratio is at an all time high in Mililani Mauka, and has more than tripled since 2000.  

Mililani Mauka CONDO & TOWNHOME Sales - AVERAGE UNIT SALE PRICE

Mililani Mauka Condo & Townhome Sales - Average Price Per Unit

Primary Year Sales, Number of Sale Price, Average
2000 52 $122,056
2001 65 $132,351
2002 118 $161,568
2003 246 $178,198
2004 173 $217,848
2005 154 $291,592
2006 157 $343,071
2007 154 $344,244
2008 102 $334,200
2009 115 $312,123
2010 91 $322,581
2011 90 $306,006
2012 118 $324,603
2013 109 $326,816
2014 109 $351,100
2015 78 $371,567

 

2015 is seeing the highest average per unit sales price in Mililani Mauka. In the fifteen years since 2000, the average condo in Mauka has seen a tremendous 204% increase in sale price.    In the last five years, average Mililani Mauka condo sale prices have increased over 21%.

Mililani Mauka CONDO & TOWNHOME Sales - AVERAGE UNIT VALUE

 Mililani Mauka Condo & Townhome Sales - Average Unit Price

Primary Year Sales, Number of List Price by SqFt Ratio
2000 52 15429.3%
2001 65 17112.3%
2002 118 20015.5%
2003 246 22260.1%
2004 173 28271.4%
2005 154 38296.7%
2006 157 41584.7%
2007 154 40613.8%
2008 102 38398.8%
2009 115 36704.7%
2010 91 36715.7%
2011 90 35777.4%
2012 118 36408.7%
2013 109 38988.1%
2014 109 42069.2%
2015 78 41795.9%

 

Price per square foot ratios for condos and townhomes in Mililani Mauka are currently running almost identical to those of single family homes. 

Get Your FREE Mililani Mauka Home Valuation Today

If you are interested in finding out what your Mililani Mauka home is worth today, please check out our very cool online Oahu home valuation tool at OahuHomeReport.com.

Buying or Selling in Mililani Mauka?

Headed by perhaps Mililani's most well known and respected REALTOR Randy Prothero, our Mililani-based Oahu Real Estate team, the Prothero Group at Island Style Realty has helped many  clients buy and sell Mililani Mauka real estate. We pride ourselves on our knowledge of the Mililani market.

If you have any questions about Mililani real estate, would like a more detailed, customized market report,  or are considering buying or selling in Mililani Mauka email us at protherogroup@gmail.com or give us a call at (808) 625-5057 today.  Aloha and mahalo!

 

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Rainmaker
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Randy L. Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

Very nice report!

Aug 31, 2015 12:49 PM #1
Rainmaker
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Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

That's a very in depth report and buyers and sellers will be glad you provided all this quality information.  I hope you'll continue to update us with other reports and news from your neighborhoods.

Sep 19, 2015 01:00 PM #2
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Rainer
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Beau Mueller

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