Mililani Real Estate | Mililani Market Report for September 2010

You can’t just go by the statistics on national news. Each neighborhood will determine the housing market for your local area. For Oahu Real Estate, we can pretty much gather that from neighborhood to neighborhood that the sales prices will vary and so will the median and average prices and the number of sold properties.

Mililani Town and Mililani Mauka Homes, Condos and Townhouses

To better determine particulars for your market (with criteria including your sq/ft interior, land, condition and year built), contact this Realtor Associate® for a CMA (Comparative Market Analysis).

Mililani Single Family Homes Market Report September 2010: We have 60 Active Listings for September 2010 (33 for Mililani Town and 27 Mililani Mauka), with 35 in contract (16 for Mililani Town and 19 for Mililani Mauka) and 20 sold properties (13 for Mililani Town and 7 for Mililani Mauka) Mililani Single Family Home activity remains comparable with previous months for 2010 with multiple contracts submitted and accepted due to the lower inventory. Average Sales Prices were a bit higher than the previous month of $570,952; up to $598,970 and down considerably from $675,500 a year ago. Average days on market…DOM was 43 days.

Mililani Single Family Home Resales for Mililani and Mililani Mauka for September 2010

Mililani Condo Statistics for September 2010: We have 108 Active condos/townhouses on the market from September 2010 (78 for Mililani Town and 29 for Mililani Mauka), 38 Pending (26 for Mililani Town and 12 for Mililani Mauka),  and 21 sold (13 for Mililani Town and 6 for Mililani Mauka) . Looks like our Mililani Condo/Townhouse market slowed down for the month of September from the previous month. Average sales price of $288,342 a slight increase from August 2010 of $271,882 and comparable to a year ago at $287,209.. Average days on market for September 2010 –DOM was 87 days.

Mililani Condos and Townhouse Resales for Mililani Town and Mililani Mauka for September 2010

We are in an up and down market and though we have a bit of inventory with short sales and foreclosures left to go through, we are getting multiple offers on properties as the inventory has gone down and prices are reasonable. Interest rates are low so it is still a good time to take advantage of buying your Hawaii Home.

 Stay tuned for more neighborhood market statistics or contact me at for more information!


Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit 

Yup, the Home Buyer Tax Credit ended on April 30, 2010 but there are some “Qualified service members” (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

 READ THE DETAILS HERE: Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit




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 all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.




Mililani Housing Market Numbers UP!

In 1971 my family moved to Mililani and it was in the beginning stages of a 40 year Master Planned Community development of single family homes, condos and townhouses with the first homes built in 1968.
My children went through their school years in Mililani (they’re adults now) and my mom still lives in the same house bought in 1971.
I remember when….
Miililani is centrally located to all military bases on the island and 5-10 minutes from Schofield Barracks and Wheeler Army Airfield, 20-25 minutes to Hickam AFB, Pearl Harbor Navy Base and over the H-3 to Kaneohe Marine Corp Air Station in a matter of 35-40 minutes. We have three shopping centers and seven recreation centers (five have pools) with many community activities for all ages.
Mililani is the ONLY community in Hawaii to receive the distinction of “ALL AMERICAN CITY” in 1986 and you can get more information, association docs, homeowner packets and more from our association site by clicking on the following link: MILILANI TOWN ASSOCIATION INFORMATION
Over the past few months we have had a fluctuation of sales numbers and a small decrease in sales prices but bottom line our sales numbers significantly increased in the past month.
The following market statistics show a clearer picture for the last six months:
Single Family Homes

Mililani Town up to $849k:
35 # Active, 20# In Escrow. 68# Sold, 98DOM, $544k Average Sales Price
Mililani Mauka up to $1.3 Million
2 9#Active, 24# In Escrow, 44 # Sold, 71DOM, $644,976 Average Sales Price


Mililani Town up to 450k

74# Active, 24 # In Escrow, 62 # Sold, 73 DOM, $279,000 Average Sales Price
Mililani Mauka (up to 451k)
23# Active, 26 # In Escrow, 37# Sold, 63 DOM, $326,202 Average Sales Price
*NOTE: DOM (Days on Market) means how long the property was listed on the MLS until the properties went into escrow with an accepted contract.
More Hawaii Real Estate & Relocation Links:

The Cost of Living Factor in Considering A Hawaii Relocation

If you are considering relocating to Oahu, Hawaii or you are Relocating to Hawaii with the Military then you need to consider quite a few things. With the military your BAH covers housing expenses and your commissary priveleges allow you to buy food with only a smaller percentage higher than the mainland.

What about civilians who are relocating to our Hawaiian islands? Consider this: The main reason that everything costs a little more here than on the mainland is that just about everything is transported to Hawaii….from food to lumber for building to just about everything needed to sustain the majority of necessities as well as luxury items. Shipping costs, fuel and oil costs all have risen drastically therefore pushing up our prices even further.
90% if our food is imported so automatically presume that our cost of food is at least 30-50% higher than the mainland. We drink a lot of milk and it’s not too bad at 2 gallons for $7.50. My favorite places to shop for food are Costco and Sam’s Club.
Rental Housing Market: Central Oahu: 2 bd/ 1 ba / 2 parking can run anywhere from $1200 to $2000 per month. A condo in Downtown Honolulu can run from $1500 to $3000 for a two bedroom. A significant increase in the last four years due to the increase in real property for sale.
Real Estate Market: Again, depending on the neighborhood the single family median sales price for a 3 bdrm/2 ba home is around $625,000. A 2/2/2 townhouse are still selling for $300,000 to $325,000. Condos 2/1/2 run between $225,000 to $255,000.
Utilities: My electric bill is about $125.00 to $140.00 per month for my small one bedroom. Of course I have the A/C on energy saver for the dog during the day when my house is locked up. Otherwise, others in my neighborhood (who don’t use their A/C) probably utilize about $50 to $75.00 worth of electricity. I have a gas water heater so that runs about $30.00 per month.
Gasoline: Currently at $3.35 per gallon at Costco.
Ahhhh. But where else can you live in a paradise with tropical island weather year round and our breathtaking scenery of the ocean, the mountains, the valleys, the flora and fauna. These are the reasons for my remaining in this land I call home….and the reasons that many flock here for their relocation.
Weigh out all your options in your Hawaii Relocation because no matter what, Hawaii is like no other place in the world. We thrive and strive from our strength of diversity and our wide range of international and ethnic cultures and food.
* Keep in mind that the outer islands such as Maui, Kauai, Hawaii (the Big Island), Lanai and Molokai are even higher in costs because again….the shipping and transporting costs.

It’s not easy moving across the Pacific Ocean let alone to a totally different “world” of people but you can do it with effort, motivation and a great Realtor®!

The Art of Hawaii Relocations
*Across the Ocean to Paradise: Military Relocations Hawaii*

Call me for a Relocation Packet and more info!
Celeste “Sally” Cheeseman, Realtor Associate ®
Century 21 Liberty Homes, Mililani, HI * (808) 375-1404