Oahu Market Update + A Deeper Look Into the Central Mililani Mauka Neighborhood
The perfect weather, lack of land, our military presence, diverse culture, and the amazing outdoor + active lifestyle keeps the Oahu real estate market healthy and balanced. I hope everyone is staying well and content during these trying times. I wanted to update you on what is happening in the real estate world on Oahu these days.
Oahu Market Update
Oahu’s island wide April Stats just came out and as expected, closed sales were down, but the median home value was up compared to March at $809,000 for single family homes and $450,000 for condos. With the stay-at-home order and the mandatory 14 day quarantine for all arriving passengers, it’s been a tad bit slower these days with less travelers, home buyers + shoppers creating a “pause” effect in the market. However, real estate is still happening on the island, lots of homes are still being sold, and our state is slowly but surely opening up.
On Monday alone, 74 new listings hit the market, 30 homes are in escrow/ under contract, and 37 homes recorded and sold. Even as an essential worker during Covid-19, I have been staying in and working from home virtually as much as possible. Luckily these days, we can do all of the necessary paperwork to purchase or sell a home online via DocuSign. Nowadays, with the overall cases reporting very low, I am conducting safe and private showings to pre approved buyers who feel comfortable to tour homes.
Need information about getting pre approved? Reach out, I have some great lender referrals. I am ready to work hard for you and look forward to helping you make your real estate goals a reality. I just assisted my seller client in another successful transaction and closed on 5/6/20 at 95-1038 Aoakua Street Mililani HI 96789. The home was only on the market for 8 days and closed for $10,000 over asking price, recording at $855,000!
Here is a market update video for you for the neighborhood of Mililani Mauka.
Are You Thinking of Selling a Home?
My Tips for Sellers:
- Declutter your home and remove all personal items.
- Clear out any extra furniture to make it as spacious as possible.
- Fix any small issues with the home that will come up in the home inspection report.
- Have it cleaned professionally and ready for me to come in and do some light staging, hang art and shoot photography & drone.
Want to Know What Your Oahu Home is Currently Worth?
I’m here to help and be a resource to you. I would be happy to send you a complimentary market report of your home’s value and some detailed neighborhood stats. Stay well! Aloha