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Launiupoko Dominating West Maui’s Luxury Residential Market

A bold statement, but at the current time, a very accurate one. And I nearly used this headline when I wrote my Launiupoko year-end area report last December when the neighborhood claimed 8 of West Maui’s $3M+ transactions in 2016, which was 2 more than Kapalua, and 5 more than Kaanapali.

Launiupoko has generated 20% of all residential home sales in West Maui this year

Yes, a bold statement, and while it may have been a bit premature back then, I am now confident to say that the once sleepy agricultural land up on the hill in South Lahaina is not only a vast and growing area of geographical representation, but is also the NEW modern LUXURY in West Maui residential home sales (over $3M). 

2017 Launiupoko Sales (through 5/31/2017)

10 total home sales

10 home sales = 20% of the West Maui Residential Market (up 11% over 2016) – 1 more than Kaanapali and 9 more sales than Kapalua.

Main Home Avg Sale Price $3.35M (6 sales) Cottage Avg Sale Price $1.44M (4 sales) Land Avg Sale Price $1.47M (2 sales)

2017 West Maui Luxury Home Sales $3M+ (through 5/31/2017)

6 total home sales $3M+

5 of the 6 sales took place in Lauinupoko (an 83% market share)

For island wide comparison, Launiupoko is tied with Makena (5) and leads Wailea (3), UpCountry (0), Paia/Sprecklesville (2) and Haiku (1) in $3M+ home sales as well.

More to Come

Launiupoko is unlike any other offering in West Maui. The VIEWS are completely insane and with the plethora of new construction projects in progress, combined with the large vast acreage, estate style building opportunities, agricultural water rates and convenient “access to Lahaina town &  Central Maui,” I believe you’ll see Launiupoko in the luxury sector continue to trend.

 

An Early Rendering:  Source West Maui Land Company

For reference, the Launiupoko expands from it’s epicenter of lots mostly ranging in size from approximately 3/4 acre – 2 acres. As you move away from Phases 1-3, lot sizes expand to the more “estate oriented” 5 acre, 10+ acre and 15+ parcels.

Type Price Range # Listings Price DOM
Single Family
$3,450,000 – $3,454,999 1 $3,450,000 263
$3,750,000 – $3,754,999 1 $3,750,000 261
$4,450,000 – $4,454,999 1 $4,450,000 51
$4,490,000 – $4,494,999 1 $4,494,000 2
$4,985,000 – $4,989,999 1 $4,985,000 56
$4,995,000 – $4,999,999 1 $4,995,000 86
$5,495,000 – $5,499,999 1 $5,495,000 46
Sub Total 7 $4,517,000 109
SF w/Det Ohana or Cottage
$3,995,000 – $3,999,999 1 $3,995,000 64
$4,995,000 – $4,999,999 1 $4,995,000 213
Sub Total 2 $4,495,000 139
Totals   9 $4,512,111 116

Active Market Summary *as of 6/16/2017

Want to Know More?

If you are in the market for buying or selling Launiupoko real estate, or have any questions about the neighborhood or West Maui real estate in general, please feel free to contact me. I welcome the opportunity to give you information about my previous sales performance and marketing strategies (free of any sales pitch).

Related Links:

118 E Huapala Pl – Views, Acreage & Privacy: Motivated Sellers!

Launiupoko Leading West Maui Luxury Home Sales

West Maui 2016: The Year of Launiupoko

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