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

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Is Hawaii Behind the Times? Common Misconceptions About the 50th State and Real Estate

Regardless if an Open House does not work in the Continental United States (commonly referred by us Hawaii residents as ‘the mainland') it does work on our island of Oahu in Hawaii. Densely populated, most neighborhoods on our island are a hop, skip and a jump from one to the next. Most can hit up to 20 Open Houses and view "homes of their dreams" within a three hour period on any given Sunday.

Keep in mind Oahu is just one island of the chain of islands that make up the State of Hawaii. Oops!  You thought the island of Hawaii (aka the Big Island) was the State of Hawaii?  Well, guess what. You thought wrong. You have to  know more about the area you are relocating to. HONOLULU INFORMATION

Another misconception is that all our land is leasehold land. Find an educated Realtor® who will give you the correct information.  There are a few areas that are still leasehold land (you are renting the land underneath you) and while the landowner earns a monthly income it is a fixed lease for 30 plus years and adjusted at intervals over the remaining length of the lease. Yes, fee simple is more desirable. You own the land underneath you and a portion if a condo/townhouse. READ MORE>>FACT or FICTION? Honolulu County Leasehold Land

We run around topless wearing just grass skirts,

live in grass shacks and sip on Mai Tai's all day.

HUH?

Well, we in Hawaii may be behind times just a little although we are not in the olden days. Real estate has grown to where we are educated that there is very little buildable land on Oahu. There are strict zoning laws, rules and guidelines for our precious land and there is no such thing as buying a home or land without doing our due diligence.

The price we pay to live in Paradise. Yes, you can bet your bottom dollar that you are paying for a LITTLE piece of Hawaii with less square feet on the land and roofed area. Again, we have just so little buildable land and you're thinking....houseboats?  Nah, that's not feasible around winter time on the North Shore where 30 foot waves are being ridden by surfers from around the world.  

Living in a state in the middle of the Pacific Ocean that has tropical island weather, blue skies, sunny days, surf, sand, scuba diving and mountain climbing has its perks for sure. No getting snowed in and getting that dreadful disease called cabin fever.

What do I say?

Lucky I live Hawaii!

 

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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.

  

 © 2007-2012 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog.

All rights reserved.

     

 


 

Hawaii Homes Market | Mililani Home Sales Report February 2010

February 2010  Market Report for Mililani Condos, Townhouses, Homes


As holds true in all neighborhoods nationwide, the local area will determine the market.
On Oahu, we can pretty much gather that from neighborhood to neighborhood the sales prices will vary and so will the median and average prices. To better determine the market (particularly for your sq/ft interior, land, condition and year built), contact a Realtor® who will give you a CMA (Comparative Market Analysis) 

Mililani Single Family Home Market Report February 2010:  We have 51 Active Listings for January 2010, with 17  in contract and 13 sold.  Mililani Single Family Home activity remains comparable with January as multiple contracts are submitted for prices lower than the previous year. Average Sales Prices were a bit lower than the previous month of $653,000; down to $618,369 and average days on market...DOM was 99 days.  Compared to a year ago at this same time the sales price average was $549,075 with 108 days on the market.

Mililani Condo Statistics for February 2010: We have 72 Active condos/townhouses on the market from February 2010, 36 Pending and 11 sold. Looks like our Mililani Condo/Townhouse market slowed down a bit for the month of February.  Average sales price of $314,052 is up a bit from January although one ‘luxury' townhouse sold at $498,000. Average days on market ..DOM was 99 days. Compared to a year ago at this same time the sales price average was $323,875 with 73 days on the market.

  

Mililani Boasts Three Shopping CentersMililani Town Center - 95-1249 Meheula Parkway , Mililani Shopping Center - 95-221 Kipapa Drive (where Century 21 Liberty Homes resides), and Mililani Marketplace - 94-780 Meheula Pkwy.

 

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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

 

                                                       

 

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.

  

 © 2007-2012 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog.

All rights reserved.