Mililani Month-to-Month and Year-to-Year Price Changes

By
Real Estate Agent with CENTURY 21 All Islands

 I was frustrated with my attempts to load excel files data on the last posting I made on Mililani resale statistics. In order to make amends, I am posting less data here, but with graphs which I hope will make the data more useful.

 

Month to Month Price Changes show that prices rose in Mililani (+4.1%) for Single Family Residences, while overall prices for Single Family Homes on Oahu declined (-7.1%).

 Graph Feb -Mar 2009 Price Changes

 

  Mililani SFR's Overall Oahu SFR's
Feb-09 550000 628000
Mar-09 572500 600500

The Month-to-Month comparisons for Condos in Mililani was not as cheerful. Prices declined for both Mililani (-13.6%) and Oahu (-7.4%) overall.

Graph, Condo Price Changes month-to-Month

 

 

 

 

 

 

 

 

 

 

 

  Mililani Condos Overall Oahu Condos
Feb-09 320000 329300
Mar-09 276500 305000

Month-to-Month data is essentially a snapshot of the market for a specific window of time. Drawing conclusions from monthly or weekly data is simply a thumbnail sketch of overall activity. More accurate inferences, such as Market Trends are made by analyzing longer periods, such as 3, 6 and 9 month activity.

Year-to-Year data is a common tool used to compare the snapshot analysis at a certain time to the same period a year earlier. A useful analogy is to think of it as looking at market activity in the rear view mirror. It tells you where we were, but not necessarily where we are headed.

SFR YtY Price Changes

 

 

 

 

 

 

 

 

 

 

 

  Mililani SFR's Overall Oahu SFR's
2008 550000 620000
2009 585000 570000

Just as the Month-to-Month data showed, the Year-to-Year price changes are again favorable for Mililani. Mililani SFR prices rose 6.4%, while on Oahu overall SFR prices dropped 8.1%

Condo Year-to-Year Price Changes

 

 

 

 

 

 

 

 

 

 

 

Year-to-Year  Mililani Condos Overall Oahu Condos
2008 316000 330000
2009 314500 300000

Condominium Price are down from a year ago both for Mililani (-0.5%) and for Oahu (-9.1%). However, comparatively speaking, Mililani condominium prices are doing well.

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mlilani condo and sfr sales prices
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Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

I love the colors in your graphs...gives substance to the figures :)  I do believe Mililani is still doing a good job of holding its own in value. Now...if we can get those sales numbers up it would be even better!

Apr 05, 2009 02:23 PM #1
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Michael S. Mackey

REALTOR ABR, CRS, GRI, RSPS
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