Market Intelligence

Launiupoko | Residential Prices Strong, Volume Down

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 — 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. Since 2017 Launiupoko/Puunoa has made up 63%, 30% and this year’s 42% of West Maui’s $3M+ luxury real estate market. However, with that said since the banner year of 2017, sales volume has taken a decline by nearly 50% (see chart below). But again, 2017 was an exceptional sales year from the perspective of traded properties and what we see now is (17-22 total sales) more of the normal market cycle.

While last year was a bit gaudy with Launiupoko having 2 very large sales at $11M & $7M respectively. 2019 sales prices still remain strong.

There are currently 21 homes actively listed for sale ($1.15M – $8,75M) and 12 land parcels for sale listed ($695K – $3M).

Launiupoko Main House Sales Summary

Launiupoko/Makila/Puunoa
Main House Avg Sale Price 
Year Avg List Price Avg Sold Price % List Sell % Yr Gr $/Sq Ft DOM # Sold
2019 $3,496,778 $3,349,556 96% -28% $971 145 9
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
2014 $3,053,300 $2,792,650 91% 26% $872 206 10

 

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
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
2014 $1,384,111 $1,333,056 96% 37.8% $1,341 216 9

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
Year < 2 Acres 2-5 Acres > 5 Acres > 15 Acres # Sold
2019 $2,133,500 $3,322,500 $3,997,000 $4,595,000 9
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
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
2014 $1,304,688 $1,560,000 9

Launiupoko Land Sales Summary – By Acre

Launiupoko/Makila/Puunoa
Land Avg Sold Price
Year < 2 Acres 2-5 Acres > 5 Acres > 15 Acres # Sold
2019 $750,000 $1,629,800 6
2018 $1,317,800 $1,680,000 9
2017 $1,006,667 $1,750,000 4
2016 $955,000 $750,500 $900,000 $1,346,156 18
2015 $573,500 $770,000 $941,667 7
2014 $735,800 $808,333 $800,000 $1,925,000 11

2019 Sales & Active Market

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.

Related Articles:

Annual Power Index: West Maui Neighborhoods Ranked

Launiupoko Dominating West Maui Luxury Sales

About the Author

Jeff Onderko

Jeff Onderko is a REALTOR Broker with Hawai'i Life. West Maui Real Estate Broker, and ultra enthusiastic advocate of Maui's Lahaina, Kaanapali and Kapalua areas. I truly believe it's an honor & privilege to call Hawaii home. For 15 years now, West Maui is where I live, work and play. My team and I specialize in resort market home and condominium sales striving to deliver the highest level of professional service possible. With over 25 transactions in the past 24 months, a panache for extensive statistical research and 35+ West Maui real estate articles published since 2015, I'm relevant, information driven and responsive. I bring a passionate energy, an entrepreneurial understanding and a client-first approach to my real estate business. Prior to becoming a Realtor, I was an independent publisher, starting and operating Maui, Kauai and Hawaii Real Estate Weeklies, Maui Time Weekly (partner), and in 2005, I was a Mayors Small Business Award finalist. In 2009, after seeing the demand and living in an under serviced pet market, alongside my Mom, Susan we opened West Maui Pet Supply. I started my career after college as an account executive with Orlando Weekly ultimately becoming their Advertising Director. Then I moved on to Advertising Sales Manager at Orange County Weekly, in Southern California. I am native of Detroit, Michigan, but grew up in Florida splitting time between Miami, Orlando and Cocoa Beach, Fl. I was a scholarship soccer player at the University of Central Florida and graduated with a BA from their School of Communication. Always attracted to healthy lifestyle, adventure, great weather, water sports and the outdoors, I moved to Maui in the summer of 2002. When the Realtor hat comes off, I'm active in the community coaching U-14 Boys Soccer (AYSO - West Side Pride) and I still play in the West Maui open division. I'm involved along with other fellow Hawaii Life comrades volunteering regularly at the Ka Hale A Ke Ola Shelter in West Maui and I'm on the Board of the Hawaii Life Charitable Fund. Through the outlet of the WM Pet Supply, I was heavily involved with the Maui Humane Society & ASCPA getting animals adopted & spayed/neutered. When I have free time you'll find me surfing, golfing, at the gym, a regular at yoga class, hanging at home with my animals or working in the backyard on my organic micro-farm (aka: food garden). You can email me at JeffOnderko@HawaiiLife.com or via phone at (808) 280-4881.

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