The first Mililani Town homes were unveiled publicly with great fanfare in 1969 as the initial homeowners moved in, finally giving life to this community. The first town on Oahu to be completely master-planned, it marked a turning point in Hawaii.
Mililani Town real estate pointed the way to places like Kapolei, creating entirely new cities where none had existed before, instead of building in or on established residential areas.
The houses you'll find here are primarily middle-class varieties, a cap of two stories across most of them. If you're looking for a mansion or luxury property, this isn't the place to look. This is Hawaii's version of a suburb, though definitely a nice one.
You have space between you and your neighbors here and a yard to enjoy, usually on both the front and back. The sound of lawn mowers is very common on weekends here.
Carports and garages are also typical throughout, giving you not just guaranteed parking, but extra storage space if needed.
Up here in the heart of Oahu, on a plateau between the Koolau and Waianae ranges, the views are of the mountains soaring around you in incredible shades of green and the wide open skies, a result of the low-rise planning that set the template to allow that to remain.
This elevation also pushes the average temperature down, keeping you cooler than most other parts of Oahu.
Initially intended as more affordable, though certainly not lower-end, Mililani Town real estate quickly became more and more attractive for their extras and the family-friendly environment. That has resulted in prices that have climbed regularly.
As of this writing, Mililani Town homes list in the mid to high 6 figures and they sell quickly. Islanders know a good thing when they see one.
To make certain this place maintains the atmosphere that made it so attractive, homeowners must pay dues to the Mililani Town Association, which oversees the rules and guidelines that govern, among other things, the design of homes here. That makes it one of the few places in Hawaii you can count on to stay basically the same.
H-2 runs right beside the town, making the commute simpler and Mililani Town Centre has all the shopping options to take care of almost every one of your needs, and even a few things you don't.
The price range of houses for sale in Mililani Town is $685K to $13M with a median price of $819K, median interior of 2,080sf and median land size of 6,000sf.
The median price of houses sold in Mililani Town year-to-date (Jan - Sep 24, 2017) is $725K. In previous years it was $710K (2016), $679K (2015), $636K (2014), $610K (2013), $555K (2012), $560K (2011), $548K (2010), $527K (2009), $568K (2008), $582K (2007), $575K (2006), $531K (2005), $425K (2004), $355K (2003).
85 houses have sold in Mililani Town year-to-date (Jan - Sep 24, 2017). In previous years, the total number of houses sold were 119 (2016), 115 (2015), 95 (2014), 107 (2013), 105 (2012), 93 (2011), 97 (2010), 82 (2009), 110 (2008), 116 (2007), 125 (2006), 165 (2005), 168 (2004), 170 (2003).
On average Mililani Town houses were on the market for 30 days before they were sold (Jan - Sep 24, 2017). In previous years it was 70 days (2016), 73 days (2015), 72 days (2014), 65 days (2013), 55 days (2012), 65 days (2011), 58 days (2010), 72 days (2009), 59 days (2008), 64 days (2007), 53 days (2006), 36 days (2005), 40 days (2004), 48 days (2003).
The average days on market for Mililani Town houses before sold were 33 days August 2017 compared to 53 days August 2016.
The ratio of Mililani Town houses sales price vs list price were 99.3% August 2017 compared to 100.4% August 2016.
9 Mililani Town houses were sold August 2017 compared to 13 houses sold August 2016.
The total dollar volume of houses currently for sale in Mililani Town is $30.83M and the sold dollar volume year-to-date (Jan - Sep 24, 2017) is $62.08M. In previous years sold dollar volume was $85.06M (2016), $78.15M (2015), $61.46M (2014), $65.01M (2013), $59.08M (2012), $52.34M (2011), $53.59M (2010), $42.96M (2009), $63.31M (2008), $68.54M (2007), $74.01M (2006), $90.58M (2005), $71.31M (2004), $61.94M (2003).
The most recent sale in Mililani Town was a house located at 95-286 Hakupokano Loop, sold for $721K on Sep 22, 2017. It had 1816sf of interior. 9 other recent sales include: 94-323 Kikiula Way (1,844sf) sold for $777K on 9/22/2017. 95-516 Hokuula Loop (1,824sf) sold for $785K on 9/20/2017. 94-734 Lanikuhana Avenue (1,220sf) sold for $690K on 9/15/2017. 94-366 Kuanalio Way (1,888sf) sold for $801K on 9/15/2017. 94-664 Kauluikua Place (1,220sf) sold for $759K on 9/12/2017. 94-267 Napeha Place (1,905sf) sold for $721K on 9/11/2017. 94-513 Hokuala Street (2,175sf) sold for $721K on 9/8/2017. 94-382 Makalu Loop (1,408sf) sold for $727K on 9/8/2017. 94-381 Makapipipi Street (1,156sf) sold for $760K on 9/8/2017.
4 of the houses have ocean views, 1 has Diamond Head views and 5 have mountain views.