Hawaii Life Real Estate Brokers » Mililani

Strong Finish for Oahu Home Sales as August Heated Up

David E. Buck, R, BIC — Sat, 10 Sep 2011 02:50:14 +0000

After June and July ended up being a slower home buying season compared to summers past, August finished strong. Home sales were up 20.8% and condos sales up 15% from 2010!

This Westloch Estates home (MLS# 1108942) is priced just under August’s median price of $557,500

We were holding our breaths the last few months as there were so little sales, however, it was apparent with the uptick in pending sales that led me to believe we were bound for a jump in sales volume. That’s the good news. That bad news is the median price of home sales was down 13.1%. Meanwhile, condo prices were down just slightly to a $300,000 median, or a 1% drop from 2010.

This Ala Moana Hotel Condo (MLS# 1110106) is available for August’s median price of $300,000

Although prices are down from 2010, we may start to see some slight upward pressure as sales volume was up and new listing inventory was down 12% for single family homes, and also down 8.9% for condos. Pending sales also took a major bump up as they were up 17.8% for homes and up 26.5% for condos! This should make for some strong September and October stats.

As always, all real estate is local. To find out what is happening in your neighborhood, contact one of our great Realtors on Oahu to see what is going on in your market, and if now is the time to buy or sell.

What neighborhoods were ‘hot’ for sellers in August?

Home sales in Makakilo were up 125%
Home prices in Mililani were up 25.3%
Condo sales in Makaha-Nanakuli were up 200%
Condo prices in Wahiawa were up 30.4%

What neighborhoods were ‘hot’ for buyers in August?

Home sales in Moanalua-Salt Lake were down 75%
Home prices on the North Shore were down 44.6%
Condo sales on the Windward Coast were down 100%
Condo prices on the Windward Coast were down 100%

Oahu Sales and Prices Down in May

David E. Buck, R, BIC — Wed, 08 Jun 2011 22:38:08 +0000

Resales of single family homes and condos on Oahu continued April’s downward trend of fewer transactions in the marketplace.

This home (MLS# 1011829) on Oahu’s Windward Coast is listed for the median price of $595,000

The bad news first:

Single family home sales were down 15.3% and condo sales were down 10.3% in May. Median prices also stumbled from last year with home prices down 0.8% to $595,000 and condos down 4.9% to $290,000.

Now, the good news:

Although April and May’s figures were not as strong as last year, both outpaced 2009′s figures. In addition, we are on track for a strong healthy summer as pending home sales are up 22.2% for homes and up 44.3% for condos in May!

What neighborhoods were great for sellers in May?

Home sales on Downtown-Nuuanu were up 33.3%
Home prices in Aina Haina-Kuliouou were up 31.6%
Condo sales in both Kailua-Waimanalo and Makaha-Nanakuli tied at 66.7%
Condo prices in Ala Moana-Kakaako were up 43.6%

What neighborhoods were great for buyers in May?

Home sales in Kaneohe were down 61.3%
Home pricesÂ on the Windward Coast were down 21.4%
Condo prices along the Windward Cost were down 52.7%
Condo sales in Mililani were down 42.3%

As always, all real estate is local. To find out whatâ€™s happening in your neighborhood, contact one of ourÂ great Realtors on Oahu to see whatâ€™s going on in your market, and if now is the time to buy or sell.

Condo Sales Surged on Oahu in February

David E. Buck, R, BIC — Tue, 08 Mar 2011 23:30:32 +0000

The Honolulu Board of Realtors has released the latest stats for February.

Condo sales were up from 244 to 295 resales, which represents a whopping 20.9% increase from the previous year! The median sales price of condos on Oahu also increased 7% over the same period from $299,000 to $320,000. Single family home sales were relatively flat with a 2.3% increase in sales volume from 177 to 181 homes sold. Prices were also flat as they were down 1% from $575,000 to a new median price of $570,000.

58 was the magic number in February for the amount of time needed to sell. Both condos and homes were also selling at a slower rate than last year as condos were taking 58 days to sell compared to 51, and the average days on market for homes was up to 58 from 38 in 2010 (and condos).

What neighborhoods were hot in February?

Home sales on the Windward Coast were up 500%
Home prices in Waialae-Kahala were up 48.7%
Condo sales in Mililani were up 142.9%
Condo prices in Kapahulu-Diamond Head were up 44.6%

What neighborhoods were not hot in February?

Home sales in Kalihi-Palama were down 57.1%
Home prices in Aina Haina-Kuliouou were down 57%
Condo sales in Makakilo were down 60%
Condo prices in Wahiawa were down 40%

As always, all real estate is local. To find out what’s happening in your neighborhood, contact one of our great Realtors on Oahu to see what’s going on in the market, and if now is the time to buy or sell.

Deal – Lowest Priced Home in Mililani For Sale

David E. Buck, R, BIC — Thu, 27 Jan 2011 23:41:10 +0000

We are proud to announce we have the best priced home available for sale in Mililani.

94-338 Alula Place (MLS# 1100625) is the lowest priced listing in Mililani

Situated on a quiet street, this home offers many upgrades including new Pella windows, deck for BBQ, and a private back yard. The main living area is on one level, however, there’s a bonus loft not included in the square footage on record.

Here’s the new deck off the master bedroom

Upstairs loft with one of many new Pella windows

What’s great about living in Mililani is you have the beauty of Hawaii, however, not necessarily all the heat. Situated in Central Oahu, the elevation is higher. Although you’re further from Honolulu, you’re closer to the North Shore. Mililani is also very convenient for those that work at two of our military instillation: Schofield Barracks and Wheeler.

Contact me for more information, or Rich Graybill to arrange a showing.

Many Oahu Schools Get Top Rating!

Cheryl Gillotti, RS — Wed, 30 Jun 2010 03:55:27 +0000

How well your school rates is always important especially when your keiki (children) are still in school.

Liholiho Elementary

Many people will choose where they buy a property based on the school district. If that is something youâ€™re considering, you need to review the article in Honolulu Magazine titled Grading The Public Schools.

Based on this comprehensive report card of Hawaii’s public schools, the top 15 schools are on Oahu so that will give you a wide variety of Oahu Real Estate to choose from. Be sure to confirm that the property you buy is in the school district you have selected.

Momilani Elementary/Pearl City
Mililani Mauka Elementary/Mililani Mauka
Liholiho Elementary/Kaimuki
Manoa Elementary/Manoa
Noelani Elementary/Manoa
Wilson Elementary/Kahala
Aina Haina Elementary/Aina Haina
Maemae Elementary/Honolulu
Hokulani Elementary/Honolulu
Koko Head Elementary/Hawaii Kai
Aliiolani Elementary/Kaimuki
Pearlridge Elementary/ Pearlridge
Kahala Elementary/Kahala
Mililani Iki Elementary/Mililani
Waialua Elementary/North Shore

The education your keiki receives is very important and I realize that the teachers and the school districts aren’t the only factor in the achievements & success of your childâ€™s education. Other important contributing factors like a loving stable home life & parental involvement as well as the childâ€™s motivation all play an important roll in the education process. But if at all possible, starting with a good school is a great place to begin!

Feel free to contact me with your real estate needs!

Oahu Condominium Sales Double Compared to Last Year

David E. Buck, R, BIC — Thu, 03 Dec 2009 21:45:41 +0000

The Honolulu Board of Realtors just released their monthly stats for November and the biggest stat was that condo sales on Oahu doubled from 2008! We all remember how bad it was this time last year. There were only 201 condos that sold in November or 2008. Well, things aren’t that bad as we roll into winter this year with sales up 102.5% to 407 sales in 2009! In addition, single family home sales were up 46.5% from 170 in 2008 to 249 this year. In addition, prices remain stable as a whole with condo prices up 1.2% and single family homes down only .75% compared to last year.

The strongest segment of the market for home values was Mililani with prices up 18% from last year and Aina Haina-Kuliouou took the hardest hit down 46%, however may have been skewed from a high sale last year. The strongest condo segment was the Windward Coast with values up 35% from last year, while the weakest was Downtown-Nuuanu with condo values down 25.6%.