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!
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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.
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Don't let the news get you down or distracted. :) Stay positive!
Laura...as always we in real estate realize the market is up and down and all around.
Aloha Sally,
Good reading the info on your Miliani real estate reports and reading this one sparked my interest even more. Looking at the #'s of listings I was trying to compare it's (size) to my own community in So Cal. While the #'s of places for sale in Miliani are similar your prices are more upscale, yet I'd imagine affordable to be so close to Honolulu.
Lynda: Our prices are 'affordable' in the Central Oahu area.....higher down towards Honolulu district.
Prices have decreased yet there are still buyers. They recognize that Mililani is an excellent community to call home. I like your pictures of the town square, reminds me of my last visit to Mililani.