Maui Real Estate & Lifestyle News

Maui's Resort Areas: a Nine Month Review of the Market

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 10 May 2024 17:47:00 -1000

Maui's Resort Areas: a 9 Month Review of the Market for Condos and Homes How the past nine months compare with the same period in the prior year Maui has been slowly recovering in the wake of the tragic fire of August 8, 2023. Many buyers and sellers have asked me how the market is doing, so I've compiled some data for both condominium and home sales by area comparing the period from 8/8/23-5/8/24 with the same period in 22-23. West and South Maui Condo Sales The statistics show that sales are down primarily in West Maui, with the condominium market in Kapalua hit the hardest, with number of sales down -66 and dollar volume down 49. with uncertainty regarding the future of Short Term Rentals in the apartment zone, we are seeing more sales at hotel-zoned properties. Kaanapali has more hotel-zoned properties (like Honua Kai, Whaler, Alii, and Mahana) at lower prices than Kapalua, which has the Montage Residences, Kapalua Bay and the Ritz-Carlton, Kapalua, which command higher sales prices. However, while it appears that condo sales are up in Wailea & Makena, and subsequently, South Maui, they are actually down -19 if you remove the new developer sales. It's important to note that two developments began closing in 2022-2023 (Paradise Ridge in Kihei and Makena Golf & Beach Club). In 2023-204, we continued to see new sales recording at Makena Golf & Beach Club and at Lai Loa. In the last 9 months, there were 55 sales at Lai Loa and 13 at Makena GBC. This amounts to 60 of the Wailea/Makena condo sales. The low sales price was $1,519,250 and the high was $13,000,000. The total sales volume at these two complexes was $291,586,280 or 60 of the total dollar volume. It also impacts stats such as days on market, as they typically will go under contract pre-construction. That is why the average days on market for this period for all of Wailea/Makena is 620, but if the new development is removed, it is actually 95. It is also important to note where we are seeing the majority of the sales activity. In the last nine months, the bulk of the condo sales (96) in West Maui are under $3,000,000. In fact, 62 were under $1M, 29 from $1-2M, and 5 from $2-3M. In West Maui, there was only one sale over $5M, a Montage Residence at Kapalua Bay that closed at $12M In South Maui those stats are a bit different due to the new developments, with 88 under $3M and 12 from $3-13M. I expect we may see a slowing of sales in the condominium market in the next quarter, particularly in those areas not zoned hotel, on the heels of the Mayor's announcement of a bill to phase out short term rentals in apartment zones. This affects more than 7000 properties that currently rent legally under Chapter 19.12.020 of the County Code. Read More about the proposed legislation that is impacting Maui's Short Term Rentals Volume () of Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui 657 610 -7 West Maui 273 188 -31 South Maui 384 422 10 Maalaea 33 27 -18 Kihei 286 279 -2 Wailea Makena 65 116 78 Wailea (exclude new dev) 57 46 -19 Lahaina 56 2 -96 Kaanapali 62 59 -5 Napili/Kahana/Honokowai 126 117 -7 Kapalua 29 10 -66 Volume ($) Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $807,171,395 $964,984,382 20 West Maui $313,600,610 $214,749,408 -32 South Maui $493,570,785 $732,114,974 48 Maalaea $23,137,500 $20,138,580 -13 Kihei $245,201,236 $257,362,116 5 Wailea Makena $225,232,049 $454,614,278 102 Wailea (exclude new dev) $135,857,149 $163,027,998 20 Lahaina $59,165,500 $235,000 -100 Kaanapali $94,589,500 $96,732,250 2 Napili/Kahana/Honokowai $96,646,610 $85,785,158 -11 Kapalua $63,199,000 $31,997,000 -49 Median Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $852,500 $915,000 7 West Maui $885,000 $827,500 -6 South Maui $831,250 $959,500 15 Maalaea $709,000 $701,000 -1 Kihei $794,000 $800,000 1 Wailea Makena $2,050,000 $2,662,275 30 Wailea (exclude new dev) $1,795,000 $2,800,000 56 Lahaina $850,000 $117,500 -86 Kaanapali $1,346,250 $1,500,000 11 Napili/Kahana/Honokowai $755,000 $689,000 -9 Kapalua $1,675,000 $2,297,500 37 Low Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM * $160,000 $95,000 -41 West Maui * $160,000 $95,000 -41 South Maui *** $345,000 $239,000 49 Maalaea *** $390,000 $326,000 -16 Kihei ** $390,000 $239,000 -39 Wailea Makena $1,095,000 $999,999 -9 Wailea (exclude new dev) $1,095,000 $999,999 -9 Lahaina* $330,000 $95,000 -71 Kaanapali *** $380,000 $475,000 25 Napili/Kahana/Honokowai *** $160,000 $210,000 31 Kapalua $655,000 $750,000 15 High Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $13,000,000 $13,000,000 0 West Maui $6,250,000 $12,000,000 92 South Maui $13,000,000 $13,000,000 0 Maalaea $1,225,000 $1,350,000 10 Kihei $2,400,000 $2,400,000 0 Wailea Makena $13,000,000 $13,000,000 0 Wailea (exclude new dev) $11,575,000 $11,750,000 2 Lahaina $4,875,000 $140,000 -97 Kaanapali $5,525,000 $4,625,000 -16 Napili/Kahana/Honokowai $2,300,000 $1,950,000 -15 Kapalua $6,250,000 $12,000,000 92 Avg Days on Market Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 121 187 55 West Maui 94 97 3 South Maui 141 227 61 Maalaea 66 64 -3 Kihei 145 79 -46 Wailea Makena 161 620 285 Wailea (exclude new dev) 96 95 -1 Lahaina 73 85 16 Kaanapali 62 102 65 Napili/Kahana/Honokowai 88 92 5 Kapalua 140 127 -9 Condo Sales by Price Range of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 159 116 -27 $1,000,001-2,000,000 88 55 -38 $2,000,001-3,000,000 17 10 -41 $3,000,001-4,000,000 2 3 50 $4,000,001-5,000,000 4 3 -25 $5,000,001-6,000,000 2 0 -100 $6,000,001-7,000,000 1 0 -100 $7,000,001-8,000,000 0 0 -- $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 0 0 -- $10,000,001+ 0 1 100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 254 229 -10 $1,000,001-2,000,000 90 103 14 $2,000,001-3,000,000 22 40 82 $3,000,001-4,000,000 2 22 1000 $4,000,001-5,000,000 5 5 0 $5,000,001-6,000,000 1 2 100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 0 3 300 $8,000,001-9,000,000 0 1 100 $9,000,001-10,000,000 1 5 400 $10,000,001+ 8 9 13 West and South Maui: Home Sales In West Maui, 73 of the home sales were under $3M, with the largest percentage in the $1-2M range. In South Maui, the figure was higher for homes under $3M at 84. That said in West Maui, there were only 3 sales over $5M and in South Maui, there were 9 sales over $5M. It is not surprising to see sales in the lower end of the market, as some of those who received insurance payouts opted to relocate. Lower priced inventory was harder to come by and home sales ( of Sales) was down everywhere except Wailea and Makena, where sales were up 11. In terms of Volume of sales ($) both Wailea and Makena were up, as was Napili/Kahana/Honokowai, which has more affordable housing than the resort areas of Kaanapali and Kapalua. It should be noted that Lahaina also includes the areas of Launiupoko and Olowalu. The sales in Lahaina these last nine months, were largely in Launiupoko (15), though there were 2 sales up in Kelawea which were out of the burn zone. Volume () of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 196 163 -17 West Maui 79 55 -30 South Maui 117 108 -8 Maalaea 0 1 100 Kihei & Maui Meadows 86 87 1 Wailea Makena 18 20 11 Launiupoko 14 13 -7 Lahaina 38 17 -55 Kaanapali 11 11 0 Napili/Kahana/Honokowai 23 23 0 Kapalua 6 4 -33 Volume ($) of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $514,413,413 $389,186,422 -24 West Maui $229,264,222 $141,335,466 -38 South Maui $285,149,191 $247,850,956 -13 Maalaea $0 $2,933,006 -- Kihei & Maui Meadows $110,807,700 $135,060,000 22 Wailea Makena $142,618,491 $109,857,950 -23 Launiupoko $69,803,758 $42,314,500 -39 Lahaina $106,818,723 $47,880,250 -55 Kaanapali $50,390,000 $36,555,000 -27 Napili/Kahana/Honokowai $33,130,499 $37,300,216 13 Kapalua $36,825,000 $19,600,000 -47 Median Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $1,410,000 $1,695,000 20 West Maui $1,800,000 $2,000,000 11 South Maui $1,250,000 $1,482,500 19 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,095,000 $1,375,000 26 Wailea Makena $4,781,000 $3,745,000 -22 Launiupoko $3,950,000 $3,087,000 -22 Lahaina $1,665,000 $2,995,000 80 Kaanapali $2,850,000 $2,700,000 -5 Napili/Kahana/Honokowai $1,529,000 $1,690,000 11 Kapalua $5,787,500 $5,000,000 -14 Average Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $2,624,598 $2,387,646 -9 West Maui $2,902,078 $2,569,735 -11 South Maui $2,437,172 $2,294,916 -6 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,288,461 $1,552,413 20 Wailea Makena $7,923,249 $5,492,897 -31 Launiupoko $4,985,982 $3,254,961 -35 Lahaina $2,811,019 $2,816,485 0 Kaanapali $4,580,909 $3,323,181 -27 Napili/Kahana/Honokowai $1,440,456 $1,621,748 13 Kapalua $6,137,500 $4,900,000 -20 Low Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $450,000 $693,500 54 West Maui $450,000 $750,000 67 South Maui $450,000 $693,500 54 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $450,000 $693,500 54 Wailea Makena $2,200,000 $1,930,000 -12 Launiupoko $1,680,000 $1,600,000 -5 Lahaina $450,000 $855,750 90 Kaanapali $1,900,000 $1,860,000 -2 Napili/Kahana/Honokowai $700,000 $750,000 7 Kapalua $4,150,000 $3,150,000 -24 High Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $32,673,491 $18,500,000 -43 West Maui $20,750,000 $6,450,000 -69 South Maui $32,673,491 $18,500,000 -43 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $10,000,000 $4,000,000 -60 Wailea Makena $32,673,491 $18,500,000 -43 Launiupoko $9,750,000 $5,000,000 -49 Lahaina $9,750,000 $5,000,000 -49 Kaanapali $20,750,000 $5,350,000 -74 Napili/Kahana/Honokowai $2,450,000 $2,150,000 -12 Kapalua $7,900,000 $6,450,000 -18 Average Days on Market: Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 119 110 -8 West Maui 126 132 5 South Maui 115 99 -14 Maalaea NA 0 -- Kihei & Maui Meadows 117 92 -21 Wailea Makena 119 134 13 Launiupoko 154 175 14 Lahaina 127 163 28 Kaanapali 170 155 -9 Napili/Kahana/Honokowai 91 84 -8 Kapalua 159 216 36 Homes of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 12 4 -67 $1,000,001-2,000,000 35 24 -31 $2,000,001-3,000,000 9 12 33 $3,000,001-4,000,000 8 6 -25 $4,000,001-5,000,000 1 6 500 $5,000,001-6,000,000 5 2 -60 $6,000,001-7,000,000 1 1 0 $7,000,001-8,000,000 3 0 -100 $8,000,001-9,000,000 3 0 -100 $9,000,001-10,000,000 1 0 -100 $10,000,001+ 1 0 -100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 32 16 -50 $1,000,001-2,000,000 56 56 0 $2,000,001-3,000,000 12 21 75 $3,000,001-4,000,000 6 6 0 $4,000,001-5,000,000 1 3 200 $5,000,001-6,000,000 3 0 -100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 1 0 -100 $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 1 3 200 $10,000,001+ 4 3 -25 Note: This information is taken from the Maui MLS as of 5/10/24. While care is taken to compile this information, it is not guaranteed and subject to change and some information may be entered at a later date. Any interested party should do their own due diligence. These are small statistical samples and can swing wildly by a low or high sale. If you have questions, please contact Courtney.

Spotlight on Launiupoko, Maui | Featured Listing 972 Kai Hele Ku

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 21 Mar 2024 15:43:00 -1000

Spotlight on Launiupoko: One of West Maui's most popular neighborhoods What is the Launiupoko Neighborhood like? Nestled on the picturesque slopes of West Maui, Launiupoko is an enclave of large homesites with stunning views. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. In Launiupoko, you will note the presence of many CPR "Condominium Property Regime" Properties. The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot). There can be additional "condominiums" which are for ag use only. Read More about CPRs What is for Sale in Launiupoko? View Current Listings: Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Ohana Lot CPR Active Listings 27 3 14 10 Volume $149,908,888 $33,735,000 $84,714,000 $31,459,888 Low LP $2,275,000 $8,290,000 $3,285,000 $2,275,000 High LP $14,995,000 $14,995,000 $11,900,000 $4,100,000 Average LP $5,552,181 $11,245,000 $6,051,000 $3,145,988 Average LP/Sq. Ft $2,169 $1,867 $1,868 $2,936 Average Sq. Ft. 2919 6010 3545 1114 Average Beds/Baths 3/3.5 5/6 4/4 2/2 Average DOM 72 50 75 74 What has sold in Launiupoko? Launiupoko Homes Pending Sales There are two pending sales at this time. Both are CPR'd. One is an Ohana lot CPR at $2,200,000. The other is a Main Home CPR at $3,150,000. Launiupoko Home Sales 2024 Launiupoko Homes All No CPR* Main Home Lot CPR Ohana Lot CPR Sold Listings 5 1 0 4 Volume $18,257,500 $5,000,000 $13,257,500 Low LP $1,600,000 $5,000,000 $1,600,000 High LP $5,000,000 $5,000,000 $4,650,000 Average LP $3,651,500 $5,000,000 $3,314,375 Average LP/Sq. Ft $2,249 $996 $2,563 Average Sq. Ft. 2036 5020 1290 Average Beds/Baths 2/3 4/4.5 2/2.5 Average DOM 248 342 225 Launiupoko Home Sales 2023 Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Sales 17 5 5 7 Volume $89,878,758 $38,480,000 $32,423,758 $18,975,000 Low SP $2,100,000 $3,900,000 $4,300,000 $2,100,000 High SP $9,750,000 $9,750,000 $8,023,758 $3,425,000 Average SP $5,286,986 $7,696,000 $6,484,752 $2,710,714 Average SP/Sq. Ft $2,271 $2,545 $1,572 $2,574 Average Beds/Baths 3/4 4/4 4/5 2/3 Average DOM 129 164 132 101 Launiupoko Market Insights Launiupoko's real estate market is one filled with nuance due to the large number of CPR'd properties. The diversity in pricing, acreage, view, and size of homes caters to a wide range of buyers. The location at the South end of West Maui is close to Launiupoko beach park. It has some of the largest homesites in West Maui, yet is one of the closest communities to Central and South Maui, making for a shorter drive to Kahului and Wailuku. This comprehensive snapshot of the Launiupoko real estate market highlights the variety of opportunities it offers. Whether seeking an area to farm, large acreage for a peaceful retreat or a private estate, Launiupoko has a variety of options known for their phenomenal views. *When looking at properties in Launiupoko it is important to look at whether the property being offered is for a main home plus an ohana or the ability to build one (No CPR), or if it is for a main home only, ohana only, or farm land only. **While the Maui County guidelines may dictate an Ohana CPR building should be no more than 1000 sq. ft. some as builts vary and some listings include other structures that may or may not be permitted, such as a barn. Featured Launiupoko Listing 972 Kai Hele Ku, a magical Oasis in Launiupoko, Maui The view from 972 Kai Hele Ku, Launiupoko, Maui Nestled on the slopes of the West Maui mountains, this stunning home blends modern elegance and island charm to create an idyllic and relaxing retreat. Located on over an acre of lushly landscaped grounds, it is perfectly oriented to take in the sweeping views of the Pacific Ocean framed by the neighboring islands of Moloka’i, Lana’i, and Kaho’olawe. A large sundeck surrounds the spa and pool with a beach entry, accented by waterfalls, tiki torches, thatched umbrellas, a seating area surrounding a fire pit, and an outdoor shower, giving you the feeling of your own private resort. Your Own Resort: a waterfall provides a soothing background to the pool and spa which are surrounded by several private areas to relax and enjoy the day. A Beach at Home: the pool features a beach entry for easy access Located in Launiupoko, a community known for its large lots and incredible views, this gated estate is a rural haven in West Maui. Up the coast are the popular resorts of Kaanapali and Kapalua, with shopping, restaurants, tennis courts, and golf courses. A beautiful hiking/biking path meanders through Launiupoko, and nearby are several popular surf spots and Launiupoko Beach Park. This single level floor plan features pocketing sliding glass doors designed to seamlessly integrate indoor and outdoor living. The chef’s kitchen is a dream with a double oven, an oversized island, and windows that open to the covered lanai and an outdoor dining area that is perfect for entertaining and alfresco dining. Entertaining: the chef's kitchen features a large island and a pass through window with a view of the Pacific that serves the outdoor bar and dining area. Indoor-Outdoor Living: the great room features pocketing doors to seamlessly integrate the indoor and outdoor living spaces There are four generously sized bedrooms each with its own private bath. The primary suite features a luxurious bathroom with dual vanities, a large soaking tub and a walk-in steam shower. A Private Retreat: the primary suite is a spacious, open space with incredible ocean views. It is the perfect place to relax. A Spa at Home: the large primary bath suite features a soaking tub with large windows to enjoy the tropical grounds as you relax. The ensuite is complete with a large shower, dual vanities, and a large walk in closet. Primary Guest Suite: located with a focus on the ocean view, this spacious guest suite opens to the large lanai. A large shower and walkin closet are located in the ensuite. Guest Suite 2: this suite features an ensuite bath and walk in closet, along with a private seating area Guest Suite 3: this suite features an ensuite bath, writing area, and private lanai The Gounds: An aerial view of 972 Kai Hele Ku shows the expansive grounds that are beautifully manicured to create a private tropical oasis. Maui's Magical Sunsets: at the end of the day, enjoy lounging at the conversation area by the fire and watching Maui's ever-changing skies. With views of Molokai, Lanai and Kohoolawe, this location is perfectly situated to view the sunset and the stars at night. Launiupoko Homes for Sale The information contained in this report is assembled from the Maui MLS. Care was taken to distinguish if the properties are a main home or ohana CPR, however, some information is limited in listings. Any interested parties should compile their own statistics and do their own due diligence

New to Market: 972 Kai Hele Ku, a Private Oasis in Launiupoko, Maui

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 01 Jan 2024 13:55:00 -1000

Introducing 972 Kai Hele Ku, a Private Oasis in Launiupoko, Maui The view from 972 Kai Hele Ku Nestled on the slopes of the West Maui mountains, this stunning home blends modern elegance and island charm to create an idyllic and relaxing retreat. Located on over an acre of lushly landscaped grounds, it is perfectly oriented to take in the sweeping views of the Pacific Ocean framed by the neighboring islands of Moloka’i, Lana’i, and Kaho’olawe. This single level floor plan features pocketing sliding glass doors designed to seamlessly integrate indoor and outdoor living. The chef’s kitchen is a dream with a double oven, an oversized island, and windows that open to the covered lanai and an outdoor dining area that is perfect for entertaining and alfresco dining. A large sundeck surrounds the spa and pool with a beach entry, which are accented by waterfalls, tiki torches, thatched umbrellas, a seating area surrounding a fire pit, and an outdoor shower, giving you the feeling of your own private resort. There are four generously sized bedrooms each with its own private bath. The primary suite features a luxurious bathroom with dual vanities, a large soaking tub and a walk-in steam shower. Located in Launiupoko, a community known for its large lots and incredible views, this gated estate is a rural haven in West Maui. Up the coast are the popular resorts of Kaanapali and Kapalua, with shopping, restaurants, tennis courts, and golf courses. A beautiful hiking/biking path meanders through Launiupoko, and nearby are several popular surf spots and Launiupoko Beach Park. The Gounds: An aerial view of 972 Kai Hele Ku shows the expansive grounds that are beautifully manicured to create a private tropical oasis. Indoor-Outdoor Living: the great room features pocketing doors to seamlessly integrate the indoor and outdoor living spaces Entertaining: the chef's kitchen features a large island and a pass through window with a view of the Pacific that serves the outdoor bar and dining area. Your Own Resort: a waterfall provides a soothing background to the pool and spa which are surrounded by several private areas to relax and enjoy the day. A Beach at Home: the pool features a beach entry for easy access A Private Retreat: the primary suite is a spacious, open space with incredible ocean views. It is the perfect place to relax. A Spa at Home: the large primary bath suite features a soaking tub with large windows to enjoy the tropical grounds as you relax. The ensuite is complete with a large shower, dual vanities, and a large walk in closet. Primary Guest Suite: located with a focus on the ocean view, this spacious guest suite opens to the large lanai. A large shower and walkin closet are located in the ensuite. Guest Suite 2: this suite features an ensuite bath and walk in closet, along with a private seating area Guest Suite 3: this suite features an ensuite bath, writing area, and private lanai Maui's Magical Sunsets: at the end of the day, enjoy lounging at the conversation area by the fire and watching Maui's ever-changing skies. With views of Molokai, Lanai and Kohoolawe, this location is perfectly situated to view the sunset and the stars at night. What is the Launiupoko Neighborhood like? Nestled on the picturesque slopes of West Maui, Launiupoko is an enclave of large homesites with stunning views. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. In Launiupoko, you will note the presence of many CPR "Condominium Property Regime" Properties. The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot). There can be additional "condominiums" which are for ag use only. Read More about CPRs What is for Sale in Launiupoko? View Current Listings: Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Ohana Lot CPR Active Listings 18 2 10 6 Volume $98,432,000 $14,995,000 $62,933,000 $20,504,000 Low LP $1,600,000 $3,995,000 $4,700,000 $1,600,000 High LP $11,000,000 $11,000,000 $8,595,000 $4,100,000 Average LP $5,468,444 $7,497,000 $6,293,300 $3,417,333 Average LP/Sq. Ft $2,324 $2,123 $1794 $3,252 Average Sq. Ft. 2789 3649 3644 1079 Average Beds/Baths 4/4 4/4 4/4 2/2 Average DOM 114 132 108 117 What has sold in Launiupoko? Launiupoko Homes Pending Sales There are no pending sales at the time of this post Launiupoko Home Sales 2023 Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Sales 17 5 5 7 Volume $89,878,758 $38,480,000 $32,423,758 $18,975,000 Low SP $2,100,000 $3,900,000 $4,300,000 $2,100,000 High SP $9,750,000 $9,750,000 $8,023,758 $3,425,000 Average SP $5,286,986 $7,696,000 $6,484,752 $2,710,714 Average SP/Sq. Ft $2,271 $2,545 $1,572 $2,574 Average Beds/Baths 3/4 4/4 4/5 2/3 Average DOM 129 164 132 101 Launiupoko Market Insights Launiupoko's real estate market showcases a dynamic environment. The diversity in property types and pricing caters to a wide range of buyers, from those seeking farm properties and those wanting smaller homes or larger estates. The location at the South end of West Maui is close to Launiupoko beach park. It has some of the largest homesites in West Maui, yet is one of the closest communities to Central and South Maui, making for a shorter drive to Kahului and Wailuku This comprehensive snapshot of the Launiupoko real estate market highlights the area's allure and the variety of opportunities it offers. Whether seeking an area to farm, large acreage for a peaceful retreat or a luxurious estate, Launiupoko has a variety of options in its picturesque setting. *When looking at properties in Launiupoko it is important to look at whether the property being offered is for a main home plus an ohana (No CPR), or if it is for a main home only, ohana only, or farm land only. **While the Maui County guidelines may dictate an Ohana CPR building should be no more than 1000 sq. ft. some as builts vary and some listings include other structures that may or may not be permitted, such as a barn. Launiupoko Homes for Sale

Spotlight: Launiupoko Home Listings & Sales | Market Report November, 2023

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Sat, 11 Nov 2023 16:48:00 -1000

Discover Launiupoko Nestled on the picturesque slopes of West Maui, Launiupoko is a hidden gem that offers a serene escape. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. In Launiupoko, you will note the presense of many CPR "Condominium Property Regime" Properties. The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot). There can be additional "condominiums" which are for ag use only. Read More about CPRs View Current Listings: Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Ohana Lot CPR Active Listings 11 2 5 4 Volume $65,768,000 $15,249,000 $36,095,000 $14,424,000 Low LP $3,375,000 $4,249,000 $4,700,000 $3,375,000 High LP $11,000,000 $11,000,000 $8,595,000 $4,100,000 Average LP $5,978,909 $7,624,500 $7,219,000 $3,606,000 Average LP/Sq. Ft $2,324 $2,206 $1725 $1786 Average Sq. Ft. 3128 4157 4259 1201 Average Beds/Baths 3/4 4/4 4/5 2/2 Average DOM 106 81 139 77 Launiupoko Homes Pending Sales Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Pending Listings 3 0 1 2 Volume $8,700,000 $0 $4,200,000 $4,500,000 Low LP $1,500,000 $0 $4,200,000 $1,500,000 High LP $4,200,000 $0 $4,200,000 $3,000,000 Average LP $2,900,000 $0 $4,200,000 $2,250,000 Average LP/Sq. Ft $1892 $0 $1,429 $2,124 Average Beds/Baths 3/3 NA 4/4.5 2/2.5 Average DOM 196 NA 141 224 Launiupoko Home Sales (Since January 2023) Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Sales 13 5 4 4 Volume $76,453,758 $38,480,000 $28,123,758 $9,850,000 Low SP $2,100,000 $3,900,000 $5,950,000 $2,100,000 High SP $9,750,000 $9,750,000 $8,023,758 $3,200,000 Average SP $5,881,058 $7,696,000 $7,030,939 $2,462,500 Average SP/Sq. Ft $2,227 $2,545 $1,599 $2456 Average Beds/Baths 3/4 4/4 4/5 2/2 Average DOM 132 164 125 99 Launiupoko's real estate market showcases a dynamic environment. The diversity in property types and pricing caters to a wide range of buyers, from those seeking farm properties to smaller homes to larger estates. The location at the South end of West Maui is close to Launiupoko beach park. It has some of the largest homesites in West Maui, yet is one of the closest communities to Central and South Maui. This comprehensive snapshot of the Launiupoko real estate market highlights the area's allure and the variety of opportunities it offers. Whether seeking an area to farm, large acreage for a peaceful retreat or a luxurious estate, Launiupoko has a variety of options in its picturesque setting. *When looking at properties in Launiupoko it is important to look at whether the property being offered is for a main home plus an ohana (No CPR), or if it is for a main home only, ohana only, or farm land only. **While the Maui County guidelines may dictate an Ohana CPR building should be no more than 1000 sq. ft. some as builts vary and some listings include other structures that may or may not be permitted, such as a barn.

Spotlight on Launiupoko: Residential Market Update, September 2019

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Wed, 25 Sep 2019 16:35:00 -1000

Quick Market Overview Launiupoko Homes: View Current Listings of Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Cottage Lot CPR Active Listings 21 7 10 4 Volume $92,494,000 $41,664,000 $42,736,000 $8,094,000 Low LP $1,150,000 $2,999,000 $2,125,000 $1,150,000 High LP $8,750,000 $8,750,000 $6,995,000 $2,700,000 Average LP $4,404,476 $5,952,000 $4,273,600 $2,023,500 Average LP/Sq. Ft $1,274 $1,139 $1165 $1786 Average Sq. Ft. 3696 5223 3634 1180 Average Beds/Baths 3/4 3/4 4/4 2/2 Average DOM 170 213 141 165 Launiupoko Homes Pending Sales Launiupoko Homes All No CPR Main Home Lot CPR Cottage Lot CPR Pending Listings 3 1 1 1 Volume $12,485,000 $5,295,000 $4,295,000 $2,895,000 Low LP $2,895,000 $5,295,000 $4,295,000 $2,895,000 High LP $5,295,000 $5,295,000 $4,295,000 $2,895,000 Average LP $4,161,666 $5,295,000 $4,295,000 $2,895,000 Average LP/Sq. Ft $1700 $1175 $1028 $2985 Average Beds/Baths 3/4 3/4 4/4 2/2 Average DOM 271 303 330 180 Launiupoko Home Sales Since 2018 Launiupoko Homes All No CPR Main Home Lot CPR Cottage Lot CPR Sales 30 7 13 10 Volume $95,547,000 $69,855,000 $43,207,000 $17,345,000 Low SP $935,000 $1,500,000 $1,667,000 $935,000 High SP $11,350,000 $11,350,000 $5,210,000 $2,525,000 Average SP $3,184,900 $4,999,286 $3,323,615 $1,734,500 Average SP/Sq. Ft $1238 $1454 $925 $1495 Average Beds/Baths 3/3 3/4 3/3 2/2 Average DOM 177 180 201 143 *In Launiupoko, owners have had the ability to file a CPR* (Condominium Property Regime) with the County. This essentially creates a 2 or 3 party condominium, which would allow the building of a main home (condo A), cottage of 1000 sq. ft. (condo B) and then farm land only (condo C). When looking at properties there, it is important to look at whether the property being offered is for a main home plus a cottage, or if it is for a main home only, cottage only, or farm land only.