Spotlight on Launiupoko: Residential Market Update, September 2019

Posted by Courtney Brown on Wednesday, September 25th, 2019 at 4:35pm.

Quick Market Overview Launiupoko Homes:

Launiupoko

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
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 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.   

Courtney M. Brown, R(S)
Vice President
Island Sotheby's International Realty

 

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