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A master-planned community near the center of Hawaii’s island of Oahu, Mililani is home to a population of around 30,000 on former plantation fields. The Mililani real estate market is a high-priced and exclusive market, as the community is the third-most wealthy community in the state. In recent years, the market has experienced several ups and downs from the effects brought about by the many economic problems on the Mainland that spread to the islands. The most recent statistics for Mililani show mixed signals as to whether the market is headed up or down, or just stabilizing.

According to the March report from the Honolulu Board of Realtors, the market in Mililani for single-family homes showed mostly positive signs. There were 22 new listings of homes in the month, versus 20 a year ago. Sales activity had slowed in March 2010, however, with just nine homes sold versus 14 sales a year ago at the same time. Mililani homes for sale are spending slightly more time on the market before selling, with an average of 52 days, down from 46 year-over-year, but the monthly inventory was down slightly, with 63 homes left on the market at the end of March, versus 69 a year ago. The prices of Mililani homes for sale showed positive trends, with a median of $615,000, up an annual 10%, and an average of $663,000, up nearly 17%.

Likewise, the Mililani condo market showed mixed signals. In March, there were 32 condos listed, down slightly from the 35 listed a year ago. Sales activity saw a slight dip, with just 17 condos sold in March, versus 19 in 2009, but the monthly inventory fell slightly, with 90 condos still on the market at the end of the month, versus 95 a year ago. Condos spent an average of just 54 days on the market before selling, a 21% improvement from a year ago, when that figure was 68 days. Meanwhile, both the median and the average condo sales prices in Mililani rose year-over-year. The median in March stood at $292,000, up nearly 22%, while the average was more than $289,600, a 6.5% annual increase.

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Many people who plan to travel to Hawaii often only think about Oahu, the central island that makes up the Hawaiian Islands because that is where Honolulu, the state capital, as well as Waikiki, the most popular tourist center in Hawaii, are located. However, you may want to consider some other of the beautiful islands, such as Kauai, Maui, and Hawaii (the Big Island), in Hawaii that also offer a fun and somewhat more relaxing vacation. Although Oahu has much to offer, more that 90% of Hawaii’s population is centered on Oahu, making the island much more crowded and busy that the other islands. If you wish to get away from the bustling city life and traffic, the other Hawaiian Islands would be your ideal Hawaii vacation.

Famous for its breathtaking Napali Coastline and the Iao Needle, Kauai is a lush, green island filled with great attractions. Some places to check out in Kauai include Princeville Ranch, Fern Grotto, Blue Dolphin Charters, and much more. There are also many businesses that offer helicopter and sailing tours that will take you throughout the island so you can see the natural beauty of Kauai. Some of the fun activities that can be found in Maui include the Maui Ocean Center, Pacific Whale Foundation, Maui Tropical Plantation, and Haleakala National Park. Maui also offers hiking, biking, sailing, and kayaking tours that allow you to explore the Maui’s breathtaking landscapes.

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