Mililani Real Estate | Mililani Condo Market Report YTD

Mililani Condo Statistics for YTD 2009: There are 93 Active condos/townhouses on the market, 45 in contract and 130 sold for the period January to June of 2009. Looks like our Mililani Condo/Townhouse market is picking up with more units condos and accepted contracts. Sales Prices ranged from $160,000 (1 bedroom condo) to $495,00 (2 bdrm luxury townhouse).

Mililani Condos Homes | Mililani Real Estate Market Report June 2009 | Hawaii VA Loan

Mililani Real Estate and Housing Market Report for June 2009

Let’s start with the Mililani Condo Statistics for June 2009: In May of 2009 (last month) there were 64 Active condos/townhouses on the market, 29 in contract and 20 sold. Looks like our Mililani Condo/Townhouse market is picking up with more units with accepted contracts and going through the transaction process. Sales Prices ranged from $160,000 (1 bedroom condo) to $495,00 (2 bdrm luxury townhouse).

Mililani Single Family Home Market Report for June 2009: Let’s compare to May of 2009 (last month). We had 36 Active Listings for May 2009 with 11 in contract and 24 sold. It appears that our Mililani Single Family Home activity is picking up with more in contract for June 2009 although less closed transactions. Sales Prices Ranged from $500,000 (2 bedrooms) to $830,000 (4 bedrooms).

We can attibute the slower closing process to appraisals taking longer than usual to process…especially with Hawaii VA Loan Appraisals. As it stands, Mililani is centrally located on the island of Oahu (which is Honolulu County) and central to all Hawaii Military Bases.

The volume of Hawaii VA Home Loan Home Buying is on the rise (as is refinancing VA Loans) and therefore slowing the Hawaii VA Real Estate Transaction Process.

Another factor is that our Governor imposed a three Fridays a month furlough (with no pay) to balance the budget so of course that puts our Bureau of Conveyances behind on the recording process. Instead of the one day after funding to record it will now take two or more days.

Mililani Real Estate | Mililani Condo Market Report YTD

Mililani Condo Statistics for YTD 2009: There are 93 Active condos/townhouses on the market, 45 in contract and 130 sold for the period January to June of 2009. Looks like our Mililani Condo/Townhouse market is picking up with more units condos and accepted contracts. Sales Prices ranged from $160,000 (1 bedroom condo) to $495,00 (2 bdrm luxury townhouse).

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

Condos/Townhouses

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:

Royal Kunia Community – Still Growing in Honolulu County

Residential Royal Kunia
Residential Royal Kunia
The Royal Kunia Community is a 270 acre master planned community located in Central Oahu and high above the Ewa plains. Royal Kunia is a developement of partners, a joint venture partnership with Halekula Development Corp (a Horita company) and Castle & Cooke. They completed their first homes in 1988 and to date have built approximately 1,930 homes with the first of 2,000 more homes that are scheduled to be completed by 2010.

The Royal Kunia Community Park has been completed and the second phase for the Community Center had their ground breaking ceremony this past November. The Royal Kunia Community Center is expected to commence building this year.

Across from the park is the Royal Kunia Country Club and it’s described as the most scenic golf course on Oahu. With a panoramic view high above the Ewa Plain it will surely take your breath away looking from Pearl Harbor to Diamond Head along the south shore.

Royal Kunia home sales have picked up for single family homes although the townhouses are slow going. The location of this community to freeway access may be a plus for the Hawaii Military Relocating to Hawaii as it is centrally located to Hickam Air Force Base and Pearl Harbor Naval Base off H-1. Royal Kunia Community is located right off Kunia Road that leads to Schofield Barracks and the Naval Communications Master Center.
Royal Kunia Community is centrally located on the island of Oahu with many shops in the Kunia shopping center, a Walmart and close to the new Costco and Target stores in Kapolei.

Royal Kunia Hawaii Home for Sale- Open House

Royal Kunia Home for Sale! 94-1063 Hoohele Street, Waipahu 96797 Picture of House Stunning! This home in paradise awaits you. With a tropical flair the professionally landscaped property beckons you to enter.

Immediately through the front door you feel the cool air from the 'Carrier' high efficiency central air conditioning system and walk straight into a spacious and open floor plan on the first floor.

With wood laminate flooring throughout the first floor you glide through the living area...to the dining area and a 'to die' for open kitchen. Complete with an island and tons of cabinet and counter space this is definitely the dream of a culinary kitchen artist!

Through the dining area doors you step on to the roofed patio nook ...perfect for your morning cup of java and while watching the sun rise.

Kick your shoes off after a long days work and view the tropical flora with a backdrop of a sunset in paradise and you most definitely will relax immmediately. Rainbird sprinkler system is the choice for liquid nourishment for this wonderous landscaped yard.

On the landing of the second floor is the open area loft/office with lots of natural lighting coming through the giant picture window.

BONUS! CAT 5 wiring throughout the home in living area, all bedrooms and the loft/office area....so convenient for all your online needs!

Royal Kunia's Association Center park is just down the road with picnic areas, tennis, basketball and more! An upcoming Recreation Center is soon to arrive to bring more ammenities to this exceptional community.

Minutes from Schofield Barracks, Wheeler Army Air Field and the Naval Security Group Activity Kunia, Hawaii Military PCS'ing to the islands 'have it made'.

Come join us for our FIRST OPEN HOUSE on SUPER SATURDAY, January 31, 2009 from 2-5pm!

Why search further? This is the home for you! Click to View Show

Details Contact Info Asking Price:

MLS:
2901222
Sq. Feet:
1636
Lot Size: 3250
Bedrooms:3
Bathrooms: 2.5
# of Floors:2
HOA/Maintenance Fees:30
Garage Size:422
Subdivision:Royal Kunia
Year Built:2003

List Price: $559,000
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Celeste "Sally" Cheeseman- (RA) e-PRO
Hawaii Relocations & Real Estate


Cell (808) 375-1404
Dir (808) 375-1404
Email | Website
Other Shows

Property Amenities - Range/Oven
- Sink Disposal
- Full Refrigerator
- Dishwasher
- Kitchen Island
- Patio
- Grass Lawn
- Yard
- Fenced Yard
- Central A/C
- Living room
- Office/den
- Breakfast nook
- CAT 5 wiring throughout bedrooms, living and office loft areas
- Rainbird Sprinkler System
- Loft Office on Second Floor
- Fully Insulated Home!
- "Carrier" High Efficiency Central Air Conditioning
- Integrated Underground Drainage System
Community Amenities - Basketball court
- Tennis court(s)
- Golf course
- Playground

Online Hawaii Relocation Package

So….you are Relocating to Hawaii with the Military, a Job Transfer or just want to Retire here in our islands …… well, you came to the right place for information galore to help you adjust in your move….across the ocean to Paradise.

Your Relocation to Hawaii and Purchasing Your New Home. The following information is basic but pertinent information to go over before you even pack for your transfer and before considering purchasing your Honolulu County (Oahu) home. Moving across the Pacific Ocean to a totally different and diverse culture may be of a shock and you may want to brush up on a few tips to make your transition a smooth one.

Land Use and other Zoning Laws It is without a doubt that our Hawaiian Islands have little buildable land so it is detrimental to keep all of our zoning and land use laws intact. The majority of our land is Preservation and Conservation land and the following will give you insight

Neighborhoods in Honolulu County and Market Report too! An insight into the different neighborhoods and what they have to offer. You will also get current market statistics in each community for which I wrote for that period.

Honolulu County (Oahu) Weather and Traffic – It is a given that with an island so small and a population of almost one million that we do have peak traffic hours as in any other part of the country. For a look at Oahu’s traffic click on the following TRAFFIC CAM to view during peak hours.

Things to Do, History & Places to See – A three part series for a brief, condensed Points of Interest series to learn a little about our island and our so diverse and full of different cultures and ways of life.

Condo or Townhouse Living: Rules to Follow and Steps to Protect: If you are contemplating downsizing then condo / townhouse living may be an option. With maintenance fees for most associations taking care of the bulk of your homeowner’s insurance (common elements), and repairs to the outside, roof, grounds and water/trash and sewere this may just be an option.

History of schools and links to Hawaii’s Education System A brief look at the history of Hawaii and its school system as well as researching schools and neighborhoods suitable for your family and their Relocation to Hawaii.

Myths, Legends and Superstitions: Every place has it’s history as well as their “stories”….come join me in revisiting some old tales of Hawaii. It is a given that there are certain things to respect on the islands. Not only do we have Ancient Burial Site laws that protect our land…we also have certain sites that still have remnants of ancient temples that are not to be disturbed.

And a special Hawaii Military Relocation Story:

LIVE on VIDEO: A Hawaii Military Relocation Story Comes to Life

Bottom line is this.

It’s not easy moving across the Pacific Ocean let alone to a totally different “world” of people,

but you can do it with a little effort, motivation and a great Realtor®!

************************************************************

If you’re Relocating to Hawaii (regardless if it’s near future or just wanting to be proactive for the future) contact me to get started with your search for Hawaii Homes for Sale.

Celeste “Sally” Cheeseman, RA, e-PRO / Century 21 Liberty Homes, Mililani, Hawaii

Hawaii Military Relocation & Bases – Honolulu Oahu Neighborhoods

Map Oahu Military Bases

 

All branches of the military occupy a large portion of Oahu and I recently put together a Hawaii Military Relocation Package – Schofield Barracks & Wheeler Army Air Field for the Military Relocating & Transferring to Honolulu County Hawaii .

Many military personnel have not been to Hawaii before so they obviously do not know what neighborhood is closest to the Honolulu County Hawaii Military Base they will be stationed. So it is without question they do not know which neighborhood they should look for their next Hawaii Home purchase.

This map details just about all of the Military Bases on Oahu in Honolulu County (the island of Oahu IS Honolulu County) This map should prove very beneficial to start your search for your new home purchase in relation to the your next tranfer station at one of our Honolulu County Hawaii Military Bases.

The H-1 freeway extends from South Oahu to the Leeward side of Oahu, the H-2 freeway extends from the Pearl City cutoff to Wahiawa and the H-3 freeway extends from the Aiea cutoff to the Windward side of Oahu (Kailua/Kaneohe).

Aliamanu
Bellows Air Force Station
Camp Stover
Dillingham Military Reservation
‘Ewa Drum Fill / Fuel Storage

Mauna Kapu Communications Station
Mauna Kapu Outlying Facility                                          McGrew Point Housing
Mokule’ia
Mount Ka’ala Air Force Station

Fort DeRussy
Fort Ruger
Fort Shafter
Helemano Military Reservation
Hickam Air Force Base

Naval Communications Station, Radio Tower Facility, Wahiawa                                                           Nu’uanu Cemetery
O’ahu Roads / Trails System
Opana Communications Facility
Palehua Air Force Solar Observatory Research Site

Hickam Petroleum Storage Annex
Inactive Ship Maintenance Detachment
Iriquois Point / Pu’uloa Housing
Ka’ena Point Satellite Tracking Station
Kahuku Training Area

Pearl City Annex                                                           Pearl City Peninsula
Pearl Harbor Main Base
Punamano Air Force Station
Red Hill Fuel Storage Tanks

Kawailoa Training Area
Kipapa Ammunition Storage
Kunia Facility
Makua Valley Military Reservation
Manana Housing

Schofield Barracks                                                         Tripler Army Medical Center
Wai’anae Kai Military Reservation
Waiawa Gulch
Waiawa Water Supply

Marine Corps Base Hawai’i Camp H.M. Smith
Marine Corps Base Hawai’i Pu’uloa Training Facility
Marine Corps Base Kane’ohe Bay

Waikane Valley

More info on Relocating to Hawaii, the VA Loan process for purchasing your Hawaii Home and a special Video and story on a Hawaii Military Relocation and Hawaii Home Purchase come true:

VA Loans & Hawaii Military Relocations: This Realtors® Process Know the process for your VA benefits and the VA loan process.
*Across the Ocean to Paradise: Military Relocations Hawaii* Don’t be shocked when you arrive…get the scoop on the environment, jobs, house hunting, BAH current rates and more!
Military Transfers & Relocations to Hawaii: A Geographical Shock How do I know? As a former military dependent I moved many times over the years from childhood and later on in adult life. Later on my son joined the military as well…..but moving to Hawaii can be more than just a transfer. Read on!
LIVE on VIDEO: A Hawaii Military Relocation Story Comes to Life Contacted by the fiance of an Active Duty Officer in the Army and subsequently relocating and purchasing their first home before getting married… this is a fairy tale come true of how they met this Realtor-Associate® on the internet.
~~~~~~
It’s not easy moving across the Pacific Ocean and purchasing your Hawaii Home;
let alone to a totally different “world” of people.
But you can do it with a little effort, motivation and a great Realtor®!

If you’re Relocating to Hawaii (regardless if it’s near future or just wanting to be proactive for the future) contact me to get started with your search for Hawaii Homes for Sale.

Celeste “Sally” Cheeseman, RA, e-PRO / Century 21 Liberty Homes, Mililani, Hawaii
 
 
 
 
 

 

~~~~~
*All pictures, content, map and information are the property of Celeste “Sally Cheeseman.

 

 

Are You IN the Middle of a Rip Current?

After reading the warning sign and taking precautions by standing back a few feet from the warning tape I looked up to see big breaking waves on the shore and the whitewater rushing back out to see. Rip currents are DANGEROUS. The powerful, channeled currents of seawater flowing away from the shoreline, through the surf and past the breaking waves will take you out to sea quicker than you can bat an eyelash.

There is no doubt that conditions change and we need to take heed to the warning signs.
The housing market and real estate industry is constantly changing and has been for some time. Though it is known that the market is LOCAL and every area has different statistics I think I can safely say that there is no housing boom going on.

In October, there was Good News! October Statistics for Oahu’s Housing Market! Then, The Ripple Effect From Our Hawaii Tourism Industry took a dive and many restaurants and industries are closing down. For the month of November, our home sales declined but our prices here on Oahu are still stable and hopefully this decline will last just a short while.
Needless to say, the Rip Currents are dragging many out to sea and everyone is out there trying to grasp at every straw to stay afloat:

  • Buyers are backing out for no reason ….or maybe they were just too embarrassed to say why. (i.e. family problems, lost jobs or whatever the case may be)
  • Loan Officers are promising the world and can’t deliver when it comes time for processing. (giving a preapproval without taking everything into consideration ….in hopes it goes through)
  • Realtors® are nagging at sellers to list their home. (Who knows how they got the private cell number of the owner….yes this just happened to my seller)
  • Realtors® are giving bad advice to the buyer for the sake of a sale. (i.e. bank owned and no warranties, inspections or recourse)
  • Sellers are thinking that it’s still a great market (and thinking that they can play hardball when there are few and far between buyers)

The majority of us have kept afloat with great marketing skills and a niche we have created for ourselves. We listen to our clients and only after listening to their needs first do we give back sound, straighforward information and advice. We follow our Code of Ethics which can be compared to our every day behavior following our personal beliefs, morals and values in this game called life. We hold our heads high and sleep VERY well at night knowing…we lived each day right and didn’t step on anothers toes to get there.

The rest will be sucked out to sea by those dangerous rip currents.
And You?
© 2008 Celeste “Sally” Cheeseman, All rights reserved

The Market DEPENDS on the Circumstances Doesn’t It?

Diamond Head
Diamond Head

The National News surely depicts an overall picture (so does NAR) of the housing market that is unrealistic.

Why? How can anyone believe that this nationwide report will be the same for every state, county, city and neighborhood? It is unrealistic to report that ‘nationwide’ it is a beautiful market to buy or sell just as it is unrealistic to report that ‘nationwide’ it is a bad time to buy or sell. It depends on a wide variety of points doesn’t it?

How about this?

  • Your Realtor ® will give you a clearer picture of the current market conditions in your specific area. Bad choice to have your loan officer, friends and family pretending they are the Realtor®. Might as well just watch the news right?
  • It depends on your circumstances if you are considering selling your home. Relocation to another state? Downsizing? Tragedy in the family?
  • It depends on your circumstances if you are considering buying a home. Relocation to Hawaii? Benefits of ownership vs. renting? Retiring? Downsizing?
  • It depends on the county, the city & the neighborhood for better market conditions to sell. Your Realtor ® will provide you with a Comparative Market Analysis for these specifics.
  • It depends on the county, the city & the neighborhood for room for negotiations for the buyer. Your Realtor® can give you a breakdown of the areas that you are considering.

 

As of February of 2008 the Oahu Housing Market has slowed down 40% in NUMBER of sales.The Oahu Housing Market has increased in prices since last year BUT ARE NOW STABLE. The table below will show you an increase/decrease in sales and prices to give you a better idea of our market on our Island of Oahu in HONOLULU COUNTY.  (These statistics DO NOT include new home sales)

 

 

MONTH, YEAR

SINGLE FAMILY / #

CONDO / #

  

February 2008

 

$599,000 / 163

 

$335,000 / 321

January 2008

$600,000 / 228

$324,000 / 324

December 2007

$610,000 / 240

$320,000 / 353

November 2007

$610,000 / 245

$315,000 / 379

October 2007

$655,000 / 265

$322,500 / 423

September 2007

$650,000 / 255

$335,000 / 414

August 2007

$650,000 / 381

$325,000 / 495

July 2007

$640,500 / 339

$335,000 / 457

June 2007

$685,000 / 338

$334,000 / 547

May  2007

$650,000 / 357

$325,000 / 543

April 2007

$665,000 / 342

$325,000 / 527

March 2007

$643,500 / 330

$321,000 / 541

February 2007

$614,500 / 272

$320,000 / 402

  

Statistics: Year-to-Year

  

-2.5% / -40.1%

  

4.7%  / -20.1%

Our inventory on OAHU is still modest due to fewer homes/condos being listed on the market.  For this reason it gives us a positive outlook because the inventory has NOT ballooned as in previous post-boom periods.

Just keep in mind that this too is an overall picture of our market in Honolulu County. (Which is the island of Oahu) and neighborhoods differ as well. For example, the prices for homes/condos in Mililani are stable whereas the prices in Ewa Beach have decreased a little and have a higher inventory overall. The number of Short Sales in Ewa are high whereas there are very few in Mililani. Newer, Older, Sq. Ft., Land Area and so forth are also to be considered.

                                                                                             IT JUST DEPENDS.

FYI:  Honolulu Board of REALTORS® was established in 1922 and is one of the largest of 1,600 boards of REALTORS®.  With over 6,000 members on our island alone the Honolulu Board of Realtors ® is the largest trade organization on Oahu. The above statistics are from the Honolulu Board of Realtors ® and are taken from our Multiple Listing Service site.

 

 

© 2008 Celeste “Sally” Cheeseman’s Hawaii Real Estate and Relocation Blog. All rights reserved.