In the last few weeks we have seen a surge in business in Mililani and the surrounding area.
Our office had two townhouses for sale. One was on the market for a little over a year and the other nearly 6 months. They were just sitting there with very little interest and then it happened. At the same time they both received multiple offers and went into escrow. Ok I know that is not scientific, but let's look at a few more.
On the first of the month 3/1/07, I listed a 3 bed/ 2.5 bath townhouse for sale in Laulea. My clients were still moving out and we were putting in new carpet. We did not have showings until last Wednesday starting at 10:00am. That afternoon I already had multiple offers pushing it over asking price. In Mililani Garden Homes 1 another agent from a neighboring Century 21 office had a listing that was the twin brother to the one I am selling in Laulea. I checked that day to find his was scooped up also. The beginning of the year these properties were just not moving.
In the last few weeks I have also noticed inventory in Mililani has come down some.
- 111 Active for Sale
- 63 In Escrow
- 218 Sold in last 6 months
Single Family Homes
- 88 Active for Sale
- 44 In Escrow
- 142 Sold in last 6 months
We have now dropped to 2 months inventory, making it a sellers market again in Mililani.
What are some of the forces pushing this new positive movement? Interest rates are low. The homes construction is almost completely built out in Mililani Mauka. We also have the Striker Brigade coming to Schofield Barracks. The 2nd Brigade is still in Iraq. When they return there will be another big pressure on our housing inventory. At least for the short term things are looking up in Mililani.
- Mililani Town Association: http://www.mililanitown.org/
- Mililani Drug Free: http://www.Mililanidrugfree.org/
- Mililani Chess Club: http://www.mililanichess.org/
- Real Estate Sales: http://www.hawaiirandy.com/
Mililani Blog Posts:
- Welcome to Mililani - Part 1 the Shopping Centers
- Welcome to Mililani - Part 2 the Planned Community
- Welcome to Mililani - Part 3 the Surrounding Communities
- Mililani is Pet Friendly
- Mililani, Hawaii Directory of Schools
- 12 Great Reasons to Buy a Home in Mililani, Hawaii
- Mililani - Q1 2007 Real Estate Sales Activity of Existing Homes
- Real Estate Sales In Mililani Seems to be Picking Up
- Real Estate Sales Activity in Mililani
- Mililani Townhouse Sales are on Fire!
- Mililani, Hawaii - A changing market, many opportunities
- Mililani Chess Kids are Still Flashing Their Stuff
- Mililani Middle School Brings Home State Chess Title
- Mililani High School Cheerleaders Take Their First State Title
- A Sunny Day of Chess and Real Estate in Hawaii
- Mililani HS Wins OIA Softball Title
- Are You Involved in Your Community? If Not, Get to It.