When the plans were laid out for Mililani in the 1960's the vision was of a friendly, suburban town with green spaces throughout, a family-focused community. In the decades since that vision has remained remarkably intact, and that includes the condos and townhomes later added to accommodate demand.
This applies to both the Mililani Town and Mililani Mauka neighborhoods, with one small exception. In the northwest Woodlands neighborhood of Town, there are a few multi-story condominiums, all seemingly grouped together to create one outlet for these types of properties within the city limits. But they're the exception, not the rule.
The rule is Mililani condos that are modern walk-ups or, more popularly, townhomes. Homebuyers have always come to this part of Oahu for the chance to have a yard and a front-door right off of it. They get that in many of the townhomes here - and at a more affordable price than elsewhere. These types of townhomes in Mililani Town can begin at $200K, going on up to $500K.
One of the larger townhomes, Nob Hill, is a case in point. 56 separate buildings, all with 2 story townhouses of 2 & 3 bedrooms. The entire complex has huge areas of tree-covered lawns throughout, plenty of space to play and grill on at your leisure.
The easy availability of Mililani Town Centre makes your daily errands simple, with Costco, Long's and Safeway all there, plus a host of other shops and eateries. Never underestimate the benefits of having these conveniences a short drive away.
Across the highway in Mililani Mauka you'll find an even larger number of these townhome communities, but on a more upscale level. Not merely in home values, but general sizes and amenities. The Hampton Courts is a perfect example, with floor plans of up to 1700 sq ft, cathedral ceilings and your own covered garage. Or the Northpointe, where ground floor units have their own individual courtyards.
Shopping is non-existant in Mauka, so traffic is strictly local and much less busy than Town. That does require a little longer trip for the groceries, but not enough to make that journey a hassle. The generally larger dimensions, more modern construction and other factors will raise the costs from across H-2, but the demand seems to be justifying it.
Both Mililani Town and Mauka, though, are definite steps away from the crowding and congestion of Honolulu. As long as people have a desire for a place to breathe more freely, the townhomes here will maintain not only their desirability, but their value as well.
The price range of condos for sale in Mililani is $129K to $660K with a median price of $344K and median interior of 883sf.
The median price of condos sold in Mililani year-to-date (2016) is $351K. In previous years it was $329K (2015), $300K (2014), $298K (2013), $280K (2012), $253K (2011), $270K (2010), $290K (2009), $305K (2008), $299K (2007), $305K (2006), $255K (2005), $187K (2004), $169K (2003).
381 condos have sold in Mililani year-to-date (2016). In previous years, the total number of condos sold were 434 (2015), 342 (2014), 320 (2013), 306 (2012), 300 (2011), 256 (2010), 299 (2009), 297 (2008), 500 (2007), 576 (2006), 700 (2005), 688 (2004), 673 (2003).
On average Mililani condos were on the market for 57 days before they were sold (2016). In previous years it was 66 days (2015), 75 days (2014), 60 days (2013), 61 days (2012), 69 days (2011), 58 days (2010), 66 days (2009), 57 days (2008), 54 days (2007), 43 days (2006), 29 days (2005), 32 days (2004), 51 days (2003).
The average days on market for Mililani condos before sold was 54 days November 2016 compared to 53 days November 2015.
The ratio of Mililani condos sales price vs list price was 100.0% November 2016 compared to 99.5% November 2015.
35 Mililani condos were sold November 2016 compared to 33 condos sold November 2015.
The total dollar volume of condos currently for sale in Mililani is $22.93M and the sold dollar volume year-to-date (2016) is $131.7M. In previous years sold dollar volume was $138.05M (2015), $101.68M (2014), $92.99M (2013), $85.25M (2012), $77.18M (2011), $70.32M (2010), $84.86M (2009), $91.61M (2008), $152.78M (2007), $173.88M (2006), $178.63M (2005), $128.77M (2004), $114.12M (2003).
The most recent sale in Mililani was a condo located at #14A Hidden Valley Ests, sold for $229K on Dec 02, 2016. It had 782sf of interior. 9 other recent sales include: #33 Kumelewai Court 1 (1,635sf) sold for $525K on 12/2/2016. #2202 Nohona II @Mililani Mauka 2 (920sf) sold for $480K on 12/2/2016. #E202 Ridge At Launani Valley (782sf) sold for $343K on 12/1/2016. #19E Olaloa 1 (529sf) sold for $255K on 11/30/2016. #15A Mililani Parkway 1 (762sf) sold for $345K on 11/28/2016. #18A Hidden Valley Ests (782sf) sold for $225K on 11/23/2016. #17A Hidden Valley Ests (782sf) sold for $230K on 11/23/2016. #101 Kuahelani Apts (1,085sf) sold for $480K on 11/23/2016. #M203 Evergreen Terrace (934sf) sold for $392K on 11/23/2016.
In Mililani there is currently 65 fee simple and 1 leasehold units for sale. 2 of the condos have ocean views, 1 has Diamond Head views and 19 have mountain views.
There are 2 x 1 bedroom floor plans, 37 x 2 bedroom floor plans, 25 x 3 bedroom floor plans and 2 x 4 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 03, 2016. Information is deemed reliable but not guaranteed.