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.
We've definitely had a turn of events throughout 2010 in regards to our Mililani Housing Market. We've had ups and downs and turn arounds, but needless to say the market may be turning back to a seller's market soon.
Inventory is lower than a year ago and prices are slowly regaining ground. 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.
Let's take a look at the past year...........
Year to Date Market Report for Mililani Condos, Townhouses, Homes
Mililani Single Family Home Market Report 2010: We have 46 Active Listings with 26 in contract for the first few days in January of 2011 but for the year of 2010 Mililani has had 222 single family homes sold. We did better this year compared to 2009 with 210 sold single family homes! Sales Prices Ranged from $299,900 (2 bedroom in older Waipio Valley) to $1,050,000 (4 bedrooms) in Mililani Mauka. Average Days on the Market was 54! Not bad!
Mililani Condo Statistics for 2010: There are 104 Active condos/townhouses on the market, 29 in contract for the first few days of 2011. But check this out! We sold 252 condos/townhouses in 2010! For a year that took its toll on our Mililani market we didn't do too shabby compared to 284 sold units in 2009. Sales Prices ranged from $112,000 (1 bedroom condo) to $498,000 (3 bdrm luxury townhouse). Average Days on the Market were 53 days!
For those Hawaii Home Buyers who are sitting on the fence ... do the math on low prices now compounded with still low interest rates compared to those same prices with a higher interest rate. The math is clear, so if your current situation is in a buy mode...I'd say, "Jump off that fence!"
If you would like more information give me a call/text at 808-375-1404.
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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.
Woo Hoo, I know that Forecast is one everyone sees actually comes true. I think San Diego is on a similar track. I am optimistic but guarded until I see if the employment numbers are actually beginning to go up. I am thinking they are improving, at least starting to improve a little, in parts of the county.
Sally... wow... sounds like a great start to a new year.... hope things even get better... here is to an aswesome 2011...
Sally, now that sounds wonderful! I know we sold more here in 2010 than 2009, good sign. Here's to a fantastic 2011.
Sally,
53 to 54 days on the market is one HOT market. Glad to see you and your clients positioned so well for the New Year.
Steve
Sally - not only a great market report but beautiful orchids as well! You sure know how to spruce things up!
Barb: Love the new pic!
Keep positive for 2011!