Over the past 3 years, an average of 4.3 lots sold per year in Launiupoko. With so few sales, this graph may not fully reflect market trends.
The Launiupoko graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Launiupoko Land Market Summary (July '24 - June '25 vs July '23 - June '24)
Median Sales Price: $1,175,000 vs $1,300,000 — down 9.62%
Number of Sales: 6 vs 5 — up 20.00%
List-to-Sale Price Ratio: 120.51% vs 100% — up 20.51%
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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.
