Hawaii Real Estate | Hawaii Relocations | Hawaii Home Buying & Selling

MILILANI HOME SALES | Hawaii Homes Market Report

August 2011

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 August 2011:

• 77 Active Listings for (48 for Mililani Town and 29 Mililani Mauka),
• 18 in contract (8 for Mililani Town and 10 for Mililani Mauka)
• 20 sold properties (10 for Mililani Town and 10 for Mililani Mauka)

Average Sales Prices were a a LOT higher at $576,756 for Mililani Town and $730,000 for Mililani Mauka homes than the previous month of $508,000 and $664,950 and also HIGHER than a year ago at $529,333  and for Mililani Mauka homes at $626,444 (Mauka). Average days on market...DOM was 74 for Mililani Town and 32 DOM for Mililani Mauka!  

Mililani Condo Statistics for August 2011:

• 64 Active condos/townhouses (43 for Mililani Town and 21 for Mililani Mauka),
• 48 Pending (35 for Mililani Town and 13 for Mililani Mauka),
• 27 sold (21 for Mililani Town and 6 for Mililani Mauka) .

Average sales price of $277,274 (Mililani Town) and $310,000 (Mauka) went UP from the past month of $238,920 (Mililani Town) and down $348,200 (Mililani Mauka) although UP from a year ago at $230,690 (Mililani Town) and $308,800 (Mauka) . Average days on market...DOM was 47 for Mililani Town and 37 DOM for Mililani Mauka! 

Mililani is centrally located on the island of Oahu and tends to compete with other neighbors with a positive fighting market. With the number of sales and sales prices fluctuating month to month in 2011 we are showing signs of recovery with prices rising.

~~~~~~

  Dedicated to Brenda Lynn Mahoney, Realtor®,

who passed away on July 25, 2011.

She rocked in Mililani!

~~~~~~

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!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The Ewa Beach, Oahu, Hawaii area has grown tremendously since developers starting building new homes starting from the early 1990's. 

Located on our Southwestern shore of Oahu, the Ewa Beach area has beaches (One'ula and Ewa Beach Park), surfing spots, parks, golf courses, recreation centers and shopping centersto accommodate the still growing community. 

If you are Military Relocating to Hawaii, Relocating due to a job change,  Retiring to paradise, or just a change in lifestyle you'll find that you will get more bang for your buck in the Ewa Gentry areas.

There are a few communities in Ewa Gentry where there are single family homes but within a condo ownership association. These communities include Ewa Gentry Las Brisas, Ewa GentryTiburon, Ewa Gentry Terrazza, Ewa Gentry Cortebella and homes. There are maintenance fees within these communities but as always maintenance fees take care of a lot more than one would think.

The maintenance fees take care of:

• Termite treatment - After the current six year contract is up with the liquid treatment they're moving on to the Sentricon System.
• Community Pool (and the on-site manager says it's the best in the area :)
• Recreation Center
• Parks and landscaping around the community
• Bulk of the homeowners insurance (just like condos ...you still need to get insurance for the inside of the home)
• Roads and street lights within the community
• Water
• Sewer

~~~~~~~~~~~~~~~~~~~~

The following statistics for the following Ewa Gentry Single Family homes are for the last six months to present.   

~~~~~~~~~~~~~~~~~~~~~~~~

© 2011 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog. All rights reserved.

Hawaii Homes Market Report | Mililani Home Sales for June 2011

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 Single Family Homes Market Report June 2011: We have 80 Active Listings for June of 2011 (39 for Mililani Town and 41 Mililani Mauka), with 34 in contract (18 for Mililani Town and 16 for Mililani Mauka) and 20 sold properties (10 for Mililani Town and 10 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 a bit lower at $595,575 than the previous month of $628,850 and a bit lower at $609,750 a year ago. Average days on market...DOM was 58 days! 

Mililani Condo Statistics for June 2011: We have 82 Active condos/townhouses on the market for June 2011 (61 for Mililani Town and 21 for Mililani Mauka), 54 Pending (41 for Mililani Town and 13 for Mililani Mauka), and 25 sold (19 for Mililani Town and 6 for Mililani Mauka) . Average sales price of $ 238,920 went down from the past month of $271,492 and down from a year ago at $286,323. Average days on market for May 2011 -DOM was 41 days.

Needles to say, our Mililani Condo Townhouse and Home Sales remain stable and will continue to fluctuate month to month as we gain some ground compared to a year to two ago. 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 me for a Comlimentary Property Evaluation!

Still moving, still trying to find a happy medium- but still selling!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Honolulu County IS full of rich history and most interesting is the the King Kamehameha Statue and Iolani Palace. Iolani Palace is a  National Historic Landmark and listed on the National Register of Historical Places.  The original palace was built in 1845 during the reign of Kamehameha III.

Iolani Palace is the only royal palace used as an official residence by a reigning monarch in the United States. Make sure and visit the Iolani Palace and see the magnificent feather cloak of Kiwala'o, the Crown Jewels, the Chamberlain's Office and other treasures of the Monarchy period.

The King Kamehameha Statue was cast in Paris by an American artist T.R. Gould and located in front of Ali' Iolani Hale (currently the home of the Hawaii State Supreme Court. King Kamehameha unified the Hawaiian Islands. Even under strong Western influence his government kept peace and the traditional Hawaiian values in place.  The statue was dedicated in 1893 as part of King Kalakaua's coronation ceremony.

Let's take a look at the past month for the Honolulu Housing Market.

April 2011 for Honolulu Home Sales

 Inventory is a LOT lower than a year ago with  Prices are slowly regaining ground and went up from $565,000 to $585,000 in April 2011. Number of sales went down from a year ago as there were 229 single family homes sold compared to April of 2010 at 285.

Take Note:

Our market is improving since the beginning of the year and continues to improve.

INVENTORY is LOW which allows our home sale prices to remain stable.

Interest rates have gone down this past week too!

If you believe that you are ready to buy and your circumstances are favorable now is the time to purchase that dream home. Prices are lower but slowly regaining ground.  And when interest rates start going up the difference in the math shows that your monthly payments will be significantly higher.

You should really consider the reasons why you are buying. Do you want to have a stable home to bring up your family? Are your finances in order and will allow you to take advantage of lower prices and great interest rates?

If the answers are yes....then you know it's the right time.

 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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 the last of homes sold in 2008. 

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.

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.

Current statistics for March 2011 for Mililani Town & Mililani Mauka Single Family Homes & Condos:

*NOTE:  DOM (Days on Market) means how long from the time it was listed on the MLS until the properties were sold

Buyers:  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.

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!

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®! 

Honolulu County IS full of rich history and most interesting is the Iolani Palace which is a  National Historic Landmark and listed on the National Register of Historical Places.  The original palace was built in 1845 during the reign of Kamehameha III.

Iolani Palace is the only royal palace used as an official residence by a reigning monarch in the United States. Make sure and visit the Iolani Palace and see the magnificent feather cloak of Kiwala'o, the Crown Jewels, the Chamberlain's Office and other treasures of the Monarchy period.

Let's take a look at the past year in history of the Honolulu Housing Market for Condos.

Year of 2010 for Honolulu Condos

Honolulu Condo Market Report 2010:  Year of 2010 Honolulu has had 1,612 FS condos sold in the Honolulu area (Makiki, Punchbowl, Kaakako, Nu'uanu, Waikiki, McCully, Moiliili, Kapahulu, Ala Moana, Kapiolani Punahou, University areas). The number of sales for the Honolulu area in 2009 had 1,447 sold condos.  Looks like Honolulu Condos took a lead in sales numbers in 2010!

Sales Prices for 2010 ranged from $80,000 for a studio condotel unit in Ala Moana Hotel Condo) up to $3,500,000 Luxury 2 bedroom condo at Hokua At 1288 Ala Moana (1,981 sq/ ft interior).  These sales prices compare to Sales Prices in 2009 ranging from $425,000 (3 bedroom in Aliamanu) to $3,675,000 Luxury 2 bedroom condo at Hokua At 1288 Ala Moana (1,981 sq/ft).. Average Days on the Market in 2010 was approximately 68 days (mid range) up to 90 days (luxury) compared to 2009's DOM of approximately 72 days (mid range) to 118 (luxury)!  Not bad for 2010!

 With inventory lower than the past two years previous and interest rates on the rise......and If you believe that you are ready to buy and your circumstances are favorable now is the time to purchase that dream home. Prices are low but when interest rates are going up the difference in the math shows that your monthly payments will be significantly higher.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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

Cell/Text:  (808) 375-1404  

Honolulu County IS the island of Oahu and known as the "Gathering Place" and in the Hawaiian language means "sheltered bay" or "place of shelter". Honolulu is the capital and is more populated than other island and the financial center of the islands.

Honolulu is rich in cultural history and more famously known as the permanent capital of the Hawaiian Kingdom after King Kamehameha moved his royal court after he conquered Oahu in the Battle of Nu'uanu at Nu'uanu Pali from the Island of Hawaii to Waikiki in 1804.

Let's take a look at the past year in the Honolulu Housing Market...........

Year of 2010 for Honolulu Single Family Homes

Honolulu Single Family Home Market Report 2010:  Year of 2010 Honolulu had 134 single family homes sold.  We did half the volume this year as in the year 2009 with 258  single family homes sold for that year  A significant drop in sales numbers.

Sales Prices for 2010 ranged from $450,000 (3 bdrm in Kapahulu) to $2,700,000 in Nuuanu (for a 5 bdrm w/8,289 sq/ft interior) compared to Sales Prices in 2009 ranging from $450,000 (3 bedroom in Nuuanu- a rebuilt) to $2,990,000 (5 dbrm and 5,524 sq/ft in Tantalus). Average Days on the Market in 2010 was 68 days compared to 2009's of 78!  Not bad!

Inventory is lower than a year ago with 153 homes on the market from Aliamanu to Manoa area. Prices are slowly regaining ground and there are 64 homes currently in escrow. Interest rates have gone up a bit and I can safely presume that they aren't going to be at this level in months to come. 

If you believe that you are ready to buy and your circumstances are favorable now is the time to purchase that dream home. Prices are low but when interest rates are going up the difference in the math shows that your monthly payments will be significantly higher.

 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Celeste "Sally" Cheeseman is a REALTOR-ASSOCIATE® and Certified Residential Specialist 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

Cell/Text:  (808) 375-1404  

We all want to get ourselves and our listings ‘out there' on the internet for maximum exposure. I mean, it's only logical since 85-90% of all real estate related hits are from home buyers and home sellers.  Just think.

Submitting our listings to our local MLS is THE best place for our listings as it will syndicate to a large number of additional sites as well.  ActiveRain, Zillow, Trulia, Craigslist, Homes.com (and the list goes on) are other large sites where a large number of those Home Buyers and Home Sellers frequent.

But how often do we hear from our clients (and the general public) that they saw on these ‘other sites' that their home is worth more.....when we give them comps ?

Our Honolulu County MLS system comes with many rules and regulations (as with most other states/counties) and they have penalties and consequences if our data is not updated.  In turn, that updated data is used for sold properties when we give our clients comparable properties when they are wanting to list their property for sale.

We also use comps when our home buyers desire to put in an offer but want to know the last solds in that particular neighborhood or complex.  It is detrimental to have up to date information to give our clients the current market value for the subject property.

Granted, it's hard to run around trying to update all different sites ‘in case' the consumer is looking at all these ‘other' sites and not getting the information they need.  It's especially hard when those "other sites" take info from other sites but don't update it as well.   We can Google properties and come up with ten out of twenty that are not up to date listings, in contract, pending and solds.

Just how much of what we read on the internet is factual?

Ask your Realtor® for UP TO DATE information.....

You do want current market information, right?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    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.

Mililani Real Estate Market Report | Mililani Home Sales November 2010

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

To better determine particulars for your market (with criteria including your sq/ft interior, land, condition and year built), contact this Realtor Associate® for a CMA (Comparative Market Analysis).

Mililani Single Family Homes Market Report November 2010:  We have 40 Active Listings for October 2010 (21 for Mililani Town and 19 Mililani Mauka), with 29  in contract (19  for Mililani Town and 10 for Mililani Mauka) and 20 sold properties (7 for Mililani Town and 9 for Mililani Mauka)  Mililani Single Family Home activity remains comparable with previous months for 2010 with multiple contracts submitted and accepted due to the lower inventory. Average Sales Prices were a lower at $594,843 than the previous month of  $641,150 and about the same price range of $597,333 a year ago. Average days on market...DOM was 63 days.  

Mililani Condo Statistics for October 2010: We have 97 Active condos/townhouses on the market from November 2010 (77 for Mililani Town and 20 for Mililani Mauka), 34 Pending (22 for Mililani Town and 12 for Mililani Mauka),   and 27 sold (19 for Mililani Town and 8 for Mililani Mauka) . Average sales price of $ 275,516 a slight increase from October 2010 of $271,382  and down slightly from a year ago at $288,321.. Average days on market for November 2010 -DOM was 59 days.

Needles to say, our Mililani Condo Townhouse and Home Sales are fluctuating ever so slightly in sales numbers and sales prices.

Still moving, still trying to find a happy medium- but still selling!

~~~~~~~~~~~~~~~~~~~~~~~~

Remember...that there is still the  Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit and you can read further for more information to see if you qualify!

• Mililani Market Report October 2010
• Mililani Market Report September 2010
• Honolulu Market Report July 2010
• Honolulu Market Report May 2010
• Mililani Market Report April 2010
• Mililani Market Report February 2010
• Mililani Market Report January 2010
• Honolulu County Market Report- November 2009
• Honolulu County Market Report October 2009
• Honolulu County Market Report September 2009
• Ewa Gentry Ocean Pointe  Market Report Sept 2009

 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

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

To better determine particulars for your market (with criteria including your sq/ft interior, land, condition and year built), contact this Realtor Associate® for a CMA (Comparative Market Analysis).

Mililani Single Family Homes Market Report October 2010:  We have 46 Active Listings for October 2010 (24 for Mililani Town and 22 Mililani Mauka), with 35  in contract (10  for Mililani Town and 17 for Mililani Mauka) and 20 sold properties (9 for Mililani Town and 8 for Mililani Mauka)  Mililani Single Family Home activity remains comparable with previous months for 2010 with multiple contracts submitted and accepted due to the lower inventory. Average Sales Prices were a bit higher at $641,150 than the previous month of  $598,970 and down slightly from $605,153 a year ago. Average days on market...DOM was 64 days.  

Mililani Condo Statistics for October 2010: We have 92 Active condos/townhouses on the market from October 2010 (68 for Mililani Town and 24 for Mililani Mauka), 38 Pending (26 for Mililani Town and 12 for Mililani Mauka),   and 21 sold (9 for Mililani Town and 16 for Mililani Mauka) . Average sales price of $271,382 a slight decrease from September 2010 of $288,342  and down slightly from a year ago at $284,344.. Average days on market for October 2010 -DOM was 44 days.  

  Remember...that there is still the  Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit and you can read further for more information to see if you qualify!

 The Home Buyer Tax Credit ended on April 30, 2010 but there are some "Qualified service members" (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

READ THE DETAILS HERE:   Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit

~~~~~~~~~~~~~~~~~~~~~~~~

You can't just go by the statistics on national news. Each neighborhood will determine the housing market for your local area. For Oahu Real Estate, we can pretty much gather that from neighborhood to neighborhood that the sales prices will vary and so will the median and average prices and the number of sold properties.

Mililani Town and Mililani Mauka Homes, Condos and Townhouses

To better determine particulars for your market (with criteria including your sq/ft interior, land, condition and year built), contact this Realtor Associate® for a CMA (Comparative Market Analysis).

Mililani Single Family Homes Market Report September 2010:  We have 60 Active Listings for September 2010 (33 for Mililani Town and 27 Mililani Mauka), with 35  in contract (16  for Mililani Town and 19 for Mililani Mauka) and 20 sold properties (13 for Mililani Town and 7 for Mililani Mauka)  Mililani Single Family Home activity remains comparable with previous months for 2010 with multiple contracts submitted and accepted due to the lower inventory. Average Sales Prices were a bit higher than the previous month of $570,952; up to $598,970 and down considerably from $675,500 a year ago. Average days on market...DOM was 43 days.  

Mililani Condo Statistics for September 2010: We have 108 Active condos/townhouses on the market from September 2010 (78 for Mililani Town and 29 for Mililani Mauka), 38 Pending (26 for Mililani Town and 12 for Mililani Mauka),   and 21 sold (13 for Mililani Town and 6 for Mililani Mauka) . Looks like our Mililani Condo/Townhouse market slowed down for the month of September from the previous month. Average sales price of $288,342 a slight increase from August 2010 of $271,882 and comparable to a year ago at $287,209.. Average days on market for September 2010 -DOM was 87 days.

We are in an up and down market and though we have a bit of inventory with short sales and foreclosures left to go through, we are getting multiple offers on properties as the inventory has gone down and prices are reasonable.  Interest rates are low so it is still a good time to take advantage of buying your Hawaii Home.

 Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

**************************

Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit

 Yup, the Home Buyer Tax Credit ended on April 30, 2010 but there are some "Qualified service members" (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

 READ THE DETAILS HERE:   Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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 all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

Website: www.hawaiihomesmarket.com

Honolulu County Real Estate Market Report- July 2010

As the saying goes...the only thing constant in this world is CHANGE.  The same goes for our Honolulu County Housing Market Statistics and in July of 2010 our housing market showed a increase in sales prices for single family homes and just a smidgen in condo/townhouse sales price compared to June of 2010.

Single Family Resale Numbers:  Our sales numbers for single family homes showed a stable number of sold single family homes of 268. The Median Sales price went up from $580,000 in the previous month to $605,000!  These statistic do show an increase of 1.7% in sales prices from the year before.  A better year for sure!

Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased from 404 solds in June 2010 to 320 solds in July of 2010. Honolulu County Median sales prices went down to $299,000 from $300,000 the month before. Down 6.7% in sales numbers and 2.7% in sales prices from the previous year is still not a bad tally.

Keep in mind that these Honolulu County Market Statistics  vary from neighborhood to neighborhood and we continue to experience multiple offers on homes, condos and townhouses due to the extremely lower inventory on the island of Oahu.

It is a seller's market with everyone trying to get a piece of that Hawaii Dream Home pie so be prepared and don't be that killer negotiator.  If you do, you just may lose the home that you really love!

 ~~~~~~~~~~~~~~~~~~~~~~

With the FIRST TIME HOMEBUYER TAX CREDIT ended we expected a big decrease in sales.....but it seems our market is still moving at a steady pace.  And with interest rates still low and  inventory considerable down in all neighborhoods the shifting is evident with more homebuyers in the market fighting over homes. 

Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit

 Yup, the Home Buyer Tax Credit ended on April 30, 2010 but there are some "Qualified service members" (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

READ THE DETAILS HERE:   http://www.federalhousingtaxcredit.com/service_mem.php

Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

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 all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

Website: www.hawaiihomesmarket.com

Honolulu County Real Estate Market Report- May 2010

As the saying goes...the only thing constant in this world is CHANGE.  The same goes for our Honolulu County Housing Market Statistics and in May of 2010 our housing market showed an INCREASE in sales prices!

Single Family Resale Numbers:  Our sales numbers for single family homes in May of 2010 showed a stable number of sold single family homes of 284...only 2 down from the previous month. The Median Sales price went UP UP UP from $563,000 to $606,000!  These statistic do show an increase of 11.8% in sales prices from the year before and also shows an increase of 31.5% from May of  2009 to May of 2010 from in sales numbers!  A better year indeed!

Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased slightly from 390 solds in April 2010 to 355 in May of 2010. Honolulu County Median sales numbers increased 35.5% from May of 2009 to May of 2010 and increased in sales prices over the last year form $300,000 to #312,000.

With the FIRST TIME HOMEBUYER TAX CREDIT ended we expected a decrease in sales.....NOT THE CASE! And with interest rates still low and  inventory considerable down in all neighborhoods the shifting is evident with more homebuyers in the market fighting over homes. 

Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit. Yup, the Home Buyer Tax Credit ended on April 30, 2010 but there are some "Qualified service members" (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

READ THE DETAILS HERE: http://www.federalhousingtaxcredit.com/service_mem.php

These Honolulu County Market Statistics vary from neighborhood to neighborhood and I continue to experience multiple offers on homes and townhouses in all areas in Honolulu County including short sales. Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

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 all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

Website: www.hawaiihomesmarket.com

Honolulu County Real Estate Market Report- December 2009

As another year comes to a close in the Hawaii Homes Market, we look at the coming year of 2010 with a positive note. As the holidays approached the market was still moving although there were significant changes with sales prices in single family homes.

Honolulu County Single Family Resale Numbers:  Our sales numbers for single family homes showed an increase with the number of sold single family homes going from 249 in November to 265. The Median Sales price declined from$590,000 in November to $550,000 in December.  This is an increase in sales numbers of 36.6% from November 2008 to 2009 and from November 2009 to December 2009 and increase of sales numbers of 6.4%.  A significant decrease in sales prices of 6.7% from November to December of 2009. 

Honolulu County Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased from  407 in November of 2009 to 349 in December2009.  The number of sold condos/townhouses did increase 43.6% from the same period in 2008. The median sales price decreased from $320,000 in November 2009 to $300,000 in December 2009. 

Even with the holiday season going on our market still moved and we are still trying to find balance in the stability of our market. With the FIRST TIME HOMEBUYER TAX CREDIT EXTENSION approved, interest rates still lower and inventory considerable down in all neighborhoods the shifting is evident with more homebuyers in the market.

SHIFT HAPPENS.

These Honolulu County Market Statistics vary from neighborhood to neighborhood and I continue to experience multiple offers on homes and townhouses in all areas in Honolulu County including short sales. Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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

Supporting Hawaii Local Businesses!

Honolulu County Real Estate Market Report- October 2009

Honolulu County Housing Market Statistics for October 2009  showed continued activity with the Hawaii Home Buyer picking up on the FIRST TIME HOMEBUYER TAX CREDIT.

Single Family Resale Numbers: In the  our sales numbers for single family homes showed a very slight increase in sold single family homes from 244 to 281. The Median Sales price rose from $600,000 in September to $605,000 in October.  This is an increase of 15.6% from October 2008 to 2009 and also shows a slight increase of 0.83% from September to October of 2009 in sales prices.  

Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses increased slightly from 345 in September to 381 in October of 2009 and we can attribute the sales number increase the past month due to the lowering inventory on the island of Oahu. Honolulu County Median sales prices increased 20.5% from September of 2008 to September 2009 and decreased 3.2%  in sales prices from $305,000 to $295,000.

I believe these ups and downs will continue as our market tries to find a happy median. With the FIRST TIME HOMEBUYER TAX CREDIT EXTENSION approved, interest rates still lower and inventory considerable down in all neighborhoods the shifting is evident with more homebuyers in the market.

These Honolulu County Market Statistics vary from neighborhood to neighborhood and I continue to experience multiple offers on homes and townhouses in all areas in Honolulu County including short sales. Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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

Supporting Hawaii Local Businesses!

They say that Hawaii is a year behind the ‘mainland' (continental U.S.) with the real estate market. With that in mind we are still have a high inventory for short sales especially in the Ewa Gentry and Ocean Pointe areas of Oahu (Honolulu County).

This is still the hot area to get a great deal on a ‘newer' single family home.

More bang for the buck!

Ewa Gentry Single Family Home Market Report September 2009:  We had 44 Active Listings with 37 in contract and 12 sold.  The Ewa Gentry activity has been one of the best neighborhoods for a deal as there are still many short sales to choose from. Now that the Hawaii Home Buyer is wanting to take advantage of that first time home buyer credit we are seeing multiple offers on properties. Average Sales Prices were $448,471 and the DAYS ON MARKET (actively on market before getting an accepted contract...and sold) about 69 days.

Ocean Pointe Single Family Home Market Report September 2009 We had 24 Active Listings with 19 in contract and 10 sold.  Again, there are many short sale listings receiving multiple contracts and with these newer homes you just can't beat the prices. Sales Prices ranged from $422,000 for a 3 bdrm home to $665,00 for a 2,704 sq/ft 5 bdrm home with average days on market (actively on market before getting an accepted contract...and sold) about 63 days.

More Hawaii Market Reports for Honolulu County:

•  Honolulu County Real Estate Market Report- September 2009
•  Honolulu Real Estate Hawaii Homes Market Report August 2009
•  Mililani Real Estate | Mililani Condo Market Report YTD2009
• Honolulu Real Estate | Hawaii Homes Market Report July 2009
• Waikele Real Estate Condos Homes for Sale | Hawaii Homes Market Report July 2009
• Honolulu Real Estate | Market Report for June 2009
•  Honolulu County Real Estate | YTD Single Family Home Market Report for Period Ending June 30, 2009
• Honolulu County Real Estate | YTD Condo Market Report for Period Ending June 30, 2009
• Mililani Real Estate Condos Homes | Hawaii Homes Market Report for June 2009
•  Ewa Gentry Ocean Pointe Real Estate | June 2009 Sales Numbers

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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

 Supporting Hawaii Local Businesses! 

Mililani Real Estate and Housing Market Report for September 2009

In 1971 the Mililani Condos and Homes prices were definitely a far cry away from the prices today. Recently, our Mililani Real Estate Market has picked up with the lower inventory for single family homes, condos and townhouses available.

Mililani Town is the only community in Hawaii in 1986 to receive the distinction of "All American City" and is centrally located on the island of Oahu (Honolulu County) and to all US Military Bases as well. About 5-10 minutes up Highway 99 is Schofield Barracks (Army) and Wheeler AAF (Army), Hickam AFB and Pearl Harbor Navy Base is about 20-25 minutes down H-2 to H-1 Freeway. Kaneohe Marine Corp Air Station is up and over the H-3 Freeway.

September 2009 Market Report for Mililani Condos, Townhouses, Homes

Mililani Single Family Home Market Report September 2009:  We had 43 Active Listings with 14 in contract and 20 sold.  Mililani Single Family Home activity is picking up with the lower inventory of properties and multiple contracts submitted as well. Average Sales Prices were higher than previous months topping at $675,500 with average days on market (actively on market before getting an accepted contract...and sold) about 64 days.

Mililani Condo Statistics for September 2009: We had 67 Active condos/townhouses on the market, 48  in contract and 23 sold for the period of September 2009. Looks like our Mililani Condo/Townhouse market has picked up with more units condos and accepted contracts.  Sales Prices ranged from $206,000 (1 bedroom condo), $289,900 (two bedroom townhouses) to $385,00 (3 bdrm townhouses).  Average days on market (the days on the market before an accepted contract and sold) was 78. 

Honolulu County Real Estate Market Report- September 2009

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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

 Supporting Hawaii Local Businesses! 

Hawaii Homes Market Report

Honolulu County Real Estate Market Report- September 2009

Honolulu County Housing Market Statistics for September 2009  shows activity for sure! Our market is picking up considerable with home sale prices and inventory is lower too.

 Single Family Resale Numbers: In the  our sales numbers for single family homes showed a very slight decrease in sold single family homes from 247 to 244. The Median Sales price rose from $566,000 in August to $600,000 in September.  This is an increase of 13.5% from September 2008 to 2009 and also shows an increase of 1.7% from September of 2008 to 2009 with a 6.0% increase in sales prices from August to September 2009.

Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased slightly in the past month due to lowering inventory on the island of Oahu. Honolulu County Median sales prices increased 13.1% from September of 2008 to 2009 and increased 5.2% from $290,000 to $305,000.

These Honolulu County Market Statistics vary from neighborhood to neighborhood and I have experienced multiple offers on homes and townhouses in all areas in Honolulu County including short sales. Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

I believe this turnaround can be attributed to interest rates are lower and inventory slowly going down in all neighborhoods. We credit the continuous shrinking inventory for our stable price levels and we're hoping the housing industry has seen it's bottom in Honolulu County.

• Honolulu Real Estate | Hawaii Homes Market Report for August 2009
•  Honolulu Real Estate | Hawaii Homes Market Report July 2009
• Waikele Real Estate Condos Homes for Sale | Hawaii Homes Market Report July 2009
• Honolulu Real Estate | Market Report for June 2009
• Honolulu County Real Estate | YTD Single Family Home Market Report for Period Ending June 30, 2009
• Honolulu County Real Estate | YTD Condo Market Report for Period Ending June 30, 2009
• Mililani Real Estate Condos Homes | Hawaii Homes Market Report for June 2009
• Ewa Gentry Ocean Pointe Real Estate | June 2009 Sales Numbers

 ~~~~~~~~~~~~~~~~

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.