June 2016 Local Market Neighborhood Update - Ewa and Mililani

The Honolulu Board of Realtors released the Local Market Update Report for June 2016. I have been working a lot in the Ewa and Mililani areas for the last year so I will focus on some information about those statistics.

Ewa Plain TMK 1-9-1

The Ewa Plain is a large area that has many types of properties, but most are relatively newer construction in planned development communities. In the last year, the median price of single family homes has seen an increase of 6% to $628,250 while the median price of a condo/townhouse has seen an increase of 8% to $447,500. The median sales price of single family homes in the area in June of 2006 was $552,500, about a $75,750 increase over the 10 year period. The median price of condo/townhouses in the area in June of 2006 was $295,000, about a $152,500 increase over the 10 year period. The current median price of a 3 bedroom 2 bath single family home in the area is $570,000 and a condo/townhouse is $445,000.

Mililani TMK 1-9-4 to 1-9-5

The Mililani area also is very large and comprises of older developments and a lot of newer homes in planned community developments. In the last year, the median price of a single family home has increased to $825,500, an increase of 19%. The median price of a condo/townhouse increased to $365,000, up 9%. The median price of single family homes in the area in June of 2006 was $600,000, about a $225,500 increase over the last 10 years. The median price of condo/townhouses in the area in June 2006 was $305,000, about a $60,000 over the last 10 years. The current median price of a 3 bedroom 2 bath home in the area is $608,000 and a condo/townhouse is $463,000.

If you would like statistics relating to an area of your interest, please let me know.