Spotlight on Launiupoko: Residential Market Update, September 2019
Posted by Courtney M. Brown on Wednesday, September 25th, 2019 at 4:35pm.
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.
Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty