Mililani Month-to-Month and Year-to-Year Price Changes

I was frustrated with my attempts to load excel files data on the last posting I made on Mililani resale statistics. In order to make amends, I am posting less data here, but with graphs which I hope will make the data more useful.

Month to Month Price Changes show that prices rose in Mililani (+4.1%) for Single Family Residences, while overall prices for Single Family Homes on Oahu declined (-7.1%).

	Mililani SFR's	Overall Oahu SFR's
Feb-09	550000	628000
Mar-09	572500	600500

The Month-to-Month comparisons for Condos in Mililani was not as cheerful. Prices declined for both Mililani (-13.6%) and Oahu (-7.4%) overall.

	Mililani Condos	Overall Oahu Condos
Feb-09	320000	329300
Mar-09	276500	305000

Month-to-Month data is essentially a snapshot of the market for a specific window of time. Drawing conclusions from monthly or weekly data is simply a thumbnail sketch of overall activity. More accurate inferences, such as Market Trends are made by analyzing longer periods, such as 3, 6 and 9 month activity.

Year-to-Year data is a common tool used to compare the snapshot analysis at a certain time to the same period a year earlier. A useful analogy is to think of it as looking at market activity in the rear view mirror. It tells you where we were, but not necessarily where we are headed.

	Mililani SFR's	Overall Oahu SFR's
2008	550000	620000
2009	585000	570000

Just as the Month-to-Month data showed, the Year-to-Year price changes are again favorable for Mililani. Mililani SFR prices rose 6.4%, while on Oahu overall SFR prices dropped 8.1%

Year-to-Year	Mililani Condos	Overall Oahu Condos
2008	316000	330000
2009	314500	300000

Condominium Price are down from a year ago both for Mililani (-0.5%) and for Oahu (-9.1%). However, comparatively speaking, Mililani condominium prices are doing well.