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Launiupoko | Cottage Sales Strong, Main Homes on Pace

As part of my commitment to keeping the community informed about West Maui’s micro-market real estate environment, I’m bringing you an up-to-date, comprehensive market summary of the neighborhoods Launiupoko and Puunoa Estates — West Maui’s premier agricultural estate neighborhoods.

What You’ll Find  

  • Actual Sales Prices: learn exactly how much specific properties sold for
  • Sales Volume: see the strength of the market in terms of how many properties sold
  • Days on Market: understand how long it takes the average property to sell
  • List Price vs. Sold Price: see how the final sales price compares to the listing price
  • Price Per Square Foot: which is critical in calculating real estate values
  • Asset % Growth: what is the year over year appreciation of my property
  • Current Inventory: what is actively for sale and currently under contract

Before we dig into the numbers, make sure you subscribe to my blog if you want to be notified of future market reports as they come available.

Current Market Snapshot

It’s easy to say it’s still the #1 choice for luxury Buyers wanting the benefits of agricultural space/acreage mixed into a residential neighborhood. Cottage sales remain strong while main home sales are on pace to match 2019 volume.

There are currently 13 homes actively listed for sale ($1.25M – $8.75M) and 6 land parcels for sale listed ($675K – $2.7M).

Launiupoko Main House Sales Summary

Launiupoko/Makila/Puunoa
Main House Avg Sale Price Blended
Year Avg List Price Avg Sold Price % List Sell % Yr Gr $/Sq Ft DOM # Sold
2020 $3,727,831 $3,482,194 93% -1% $986 226 5
2019 $3,676,600 $3,529,100 96% -24% $989 165 10
2018 $4,867,300 $4,645,600 95% 55% $1,043 229 10
2017 $3,156,300 $3,005,138 95% -10% $891 193 20
2016 $3,613,000 $3,352,000 93% 41% $973 192 10
2015 $2,537,400 $2,370,600 93% -15% $978 299 5

 

Launiupoko Cottage Sales Summary

Launiupoko/Makila/Puunoa
Cottage Avg Sold Price
Year Avg List Price Avg Sold Price Sold/List Yr Gr $/Sq Ft DOM # Sold
2020 $2,125,000 $2,067,800 97% 8.5% $2,069 87 4
2019 $1,935,333 $1,905,000 98% 26.7% $1,672 122 5
2018 $1,608,600 $1,503,000 93% -3.4% $1,589 199 5
2017 $1,637,909 $1,555,159 95% 14.2% $1,572 214 11
2016 $1,451,900 $1,362,273 94% -10.8% $1,334 246 11
2015 $1,689,143 $1,527,286 90% 14.6% $1,527 202 6

Launiupoko Main House Sales Summary – By Acre

Launiupoko & Puunoa neighborhoods range from .5 acres to 15+ acre estate lots. The reason why I breakdown sale per acre is to get a more precise apples to apples approach when comparing property sales and value.

 

Launiupoko/Makila/Puunoa
Main House Avg Sale Price Per Acre
Year < 2 Acres 2-5 Acres > 5 Acres > 15 Acres # Sold
2020 $3,366,073 $5,890,000 5
2019 $2,133,500 $3,322,500 $4,379,667 $4,595,000 10
2018 NA $3,371,200 $5,700,000 $6,066,667 10
2017 $3,700,000 $2,851,583 $3,907,500 20
2016 $2,750,000 $3,262,500 $3,630,000 $3,200,000 10
2015 $1,798,333 $2,958,000 $3,500,000 5

Launiupoko Cottage Sales Summary –  By Acre

Launiupoko/Makila/Puunoa
Cottage Avg Sold Price
Year < 2 Acres 2-5 Acres > 5 Acres > 15 Acres # Sold
2020 $1,555,000 $2,580,600 4
2019 $2,450,000 $1,325,000 $2,110,000 5
2018 $1,100,000 $1,338,333 $2,400,000 5
2017 $1,003,750 $1,561,667 $2,100,000 11
2016 $1,248,000 $1,458,250 $1,512,000 $1,400,000 11
2015 $1,535,000 $1,695,333 6

Launiupoko Land Sales Summary – By Acre

Launiupoko/Makila Land Avg Sold Price
Land Avg Sold Price
Year Avg List Price Avg Sold Price Sold List% Yr Gr DOM # Sold
2020 $1,722,500 $1,527,250 89% 18.6% $320 2
2019 $1,485,333 $1,287,389 87% -12.9% $365 9
2018 $1,549,111 $1,478,778 95% 24.0% 526 9
2017 $1,304,500 $1,192,500 91% 6.1% 394 4
2016 $1,185,726 $1,123,809 95% 42.7% 87 18
2015 $889,714 $787,429 89% -19.5% 227 7

Want to Know More?

If you are in the market for buying or selling Launiupoko real estate or have any questions about the area or the market in general, please feel free to contact me. I welcome the opportunity to give you information on my previous sales performance and marketing strategies. Or if you’re curious about what your property is worth in today’s market, it would be my pleasure to provide you with property information and a value assessment free of any sales pitch.

 View the active Launiupoko Real Estate listings or search by area, neighborhood, address, ZIP or school. 

Related Articles:

Despite Quarantine Maui Real Estate Sales Making Comeback

Highest Total Sales Since February | West Maui Market Report

 

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