Over the past three years, there was at least 1 year with 0 lots sold in Lanai, which makes creating a graph not very relevant. The graph above, therefore, represents all Lanai lots, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
Lanai Land Market Summary (July '24 - June '25 vs July '23 - June '24)
Median Sales Price: vs $435,000 — down 100.00%
Number of Sales: 0 vs 1 — down 100.00%
List-to-Sale Price Ratio: 0% vs 88.78% — down 100.00%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
