Mililani Real Estate | Mililani Condos Townhouses Homes | Mililani Quarterly Market Report for 2012

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Real Estate Agent with Century 21 Liberty Homes RS-#62825

Mililani Real Estate | Mililani Condos, Townhouse, Homes | Mililani Quarterly Market Report for 2012

Mililani Town is the only community in Hawaii to receive the distinction of All American City in 1986 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 and Wheeler AAF and Hickam AFB and Pearl Harbor Navy Base are about 20 to 25 minutes down H-2 to H-1 Freeway and Kaneohe Marine Corp Air Station is on the Windward side of Oahu over the H-3 Freeway.

We’ve definitely had a turn in our Mililani Oahu Housing Market.  We have had our ups and downs but our market is in a buyer AND seller mode now and a negotiating market to say the least.

Let’s take a look at the months of January through March of 2012………..

2012 Quarterly Market Report for Mililani Condos, Townhouses, Homes

Mililani Single Family Home 2012 Quarterly Market Report:  We have 46 Active listings and 47 in contract for the first quarter of 2012. There were 44 Mililani Sold Homes in the first quarter of 2012 with Sales Prices ranging from $490,000 (3 bedroom home) to $1,500,000 (4 bedroom luxury home) on the golf course. Average Days on the Market was 63 days for the first quarter of 2012.

Mililani Condo/Townhouse 2012 Quarterly Market Report: We have 61 Active condos/townhouses on the market and a promising 48 properties in contract for the first quarter of 2012. There were 61 sold condos/townhouses in the first quarter of 2012 with Sales Prices ranging from $114,200 (1 bedroom condo) to $465,000 (3 bdrm townhouse) compared to 65 condos/townhouses sold in 2011.  Average Days on the Market were 71 days for the first quarter of 2012.

Mililani has had a consistent housing market during the first quarter of 2012. The start of 2012 shows a promising active market with many properties currently in contract and getting ready to close. The only difference this quarter compared to the same time period last year is that buyers are out and putting in multiple offers on properties! 

For those Hawaii Home Buyers who are sitting on the fence: These all time low Mililani Homes for Sale are at all time low prices with VERY low interest rates to boot.  The math is clear, so if your current situation is in a buy mode I would say jump off that fence!

Our Mililani HOME Inventory is a LOWER now than a year ago and prices are slowly regaining ground.  Also, wait any longer and a higher interest rate could make a HUGE difference on your monthly mortgage payment!

If you are thinking about selling or buying a home on Oahu, Honolulu County, Hawaii email me at sally@hawaiihomesmarket.com

 

Posted by

                                                       

 

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.

 

 © 2007-2014 Celeste "Sally" Cheeseman's

Hawaii Real Estate and Relocation Blog.

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Show All Comments
Rainmaker
657,299
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Sally - Anyone interested in Mililani condos is going to find your real estate report very helpful.  Nicely done!

Apr 01, 2012 02:31 PM #1
Ambassador
1,296,771
William Johnson
RE/MAX Associates - San Diego, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
Woo Hoo, To me this is the best kind of report. In the narrative style with photos. Graphs and boxed stats are fine but they can't compare to being able to associiate better with this format. Well Done!
Apr 01, 2012 05:47 PM #2
Rainmaker
1,756,890
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO

Sally

Thanks for sharing the real estate market report for the Mililani Condos and Townhomes in Hawaii.

Good luck and success.

Lou Ludwig

Apr 01, 2012 07:27 PM #3
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Sally sooner or later Buyers are going to realize that this is the time to buy before prices and interest rates start to go up.  Lets hope that they come to that reality sooner than later.

Apr 02, 2012 06:51 PM #4
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

I love that kitche, Sally! I also love reading more and more from around the nation that inventory is declining and sales are UP! That is exactly what our economy needs!

Apr 07, 2012 11:50 AM #5
Rainmaker
2,026,030
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"New Franklin MA Homes"

Good morning, Sally..... it's good to hear that your real estate market is turning around.....Sally Cheeseman is the agent to call when either buying or selling in Mililani Hawaii.....

Apr 21, 2012 01:35 AM #6
Rainmaker
998,905
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Melbourne, FL
Personal Service, always.

Nice summary, Sally. I especially like the general intro and also homes and condo/townhouses in a single report.

Apr 21, 2012 05:49 AM #7
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Sally I was going to comment, and then I looked up and saw that unforgettable face looking at me ........... LOL

Apr 21, 2012 05:46 PM #8
Rainmaker
596,204
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers
Long Realty West Valley Sun City Grand Surprise Arizona - Surprise, AZ
Associate Broker Realtor Arizona Golf Communities

Sally, Mililani is one of the most popular areas in Honolulu. You are so fortunate to live and work there. I wish you continued success.

Apr 21, 2012 09:12 PM #9
Rainmaker
503,271
Sarah Oswald
Eastvale Team Realty & Property Mgmt - Corona, CA
Broker, Realtor, CDPE, CIAS, SFR , Investor

You are definitely the realtor to go to for Mililani's homes. Love how you presented Mililani's market report.

Apr 24, 2012 11:08 AM #10
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Good to know that the markets are not all the same.  LOL!  And, congrats on the feature....it was quite a rant!

May 04, 2012 11:40 AM #11
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Celeste "SALLY" Cheeseman

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
SELLING OR BUYING OAHU HAWAII RESIDENTIAL PROPERTY?
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