About Launani Valley There's a 3rd Mililani neighborhood? Everybody knows Mililani Town and Mililani Mauka. But what about the community that completes the trio – Launani Valley?
What you might know as the area around the Mililani Tech Park isn't so much overlooked real estate, as it is unknown. Immediately north of Mauka, Launani Valley isn't your ordinary Central Oahu neighborhood.
First, it's amazingly removed, even for this rural part of Oahu. Surrounded by forest, your residence here is, if not next to, then just a stone's throw away from trails that attract hikers on a daily basis. If your desire is to live enclosed within the peaceful embrace of nature, Launani Valley is the place to be.
Secondly, it's more of a collection of small neighborhoods than one whole. In fact, there are six distinct communities to the real estate in Launani Valley. Let's take a look at each:
RIDGE Built in 1992, this condo community is made up of 14 3-story buildings. Units are divided into 6 different floor plans - 2BR/1BA (703 or 782 sq ft), 2BR/2BA (813 or 833 sq ft) and 3BR/2BA (875 or 895 sq ft)
GARDENS Also dating from 1992, The Gardens are a sister property to The Ridge. 238 condos are contained in the 17 buildings that make up the complex. The relationship to the Ridge extends to the floor plans, which are the same - 2BR/1BA (703 or 782 sq ft), 2BR/2BA (813 or 833 sq ft) and 3BR/2BA (875 or 895 sq ft).
TERRACES This community was built in 2 different phases, one in 1995, the other in 2000. It's also divided between 1 story (2BR) and 2 story (3BR) units, making it a mix of townhomes and condos. These are extremely roomy residences and all have lanais of over 110 sq ft to them. Including lanais, the layouts come as 2BR/2BA (1,182 sq ft), 2BR/2BA (1,238 sq ft) and 3BR/2BA (1,392 sq ft). A special touch of the 3BRs are the 26' ceilings in the living areas, creating the feel of a grand space right in your home.
STREAMSIDE Added in 1996, it's named for Waikakalaua Stream that runs just steps away from it, these condos have layouts of 2BR/1BA (724 sq ft), 2BR/2BA (797 or 833 sq ft) and 3BR/2BA (925 sq ft). This is the smallest of the communities in the valley, with just 6 3-Story buildings and 84 residences in all. That also makes it the quietest place to live here.
WOODCREEK Woodcreek is where you'll find actual houses, with both duplexes and detached single-family homes spread throughout. Every residence has either 3 or 4 bedrooms, making them the right option for larger families.
The dimensions make them even more enticing if you need some elbow room. Some of the typical layouts include 3BR/2.5BA/Duplex (1,167 sq ft), 3BR/2.5BA/Single Family (1,326 sq ft) and 4BR/2.5BA/Single Family (1,326 or 1,658 sq ft).
Lanais come with every model, usually adding another 124 to 140 more square footage to those totals. You'll love coming outside to sit & listen to the sounds of nature in the cool of the evening.
A Mililani Neighborhood That's Another World Entirely Venture back into Launani Valley and you'll be amazed to realize it sits so close to the active streets and shopping of Mililani Town, not to mention the highway. Back in this lush forested retreat you can unplug from the busyness of the day. You may never want to come out!
The price range of condos for sale in Launani Valley is $328K to $529K with a median price of $389K and median interior of 834sf.
The median price of condos sold in Launani Valley year-to-date (Jan - Jul 23, 2017) is $374K. In previous years it was $347K (2016), $327K (2015), $305K (2014), $286K (2013), $252K (2012), $254K (2011), $265K (2010), $266K (2009), $307K (2008), $320K (2007), $326K (2006), $299K (2005).
36 condos have sold in Launani Valley year-to-date (Jan - Jul 23, 2017). In previous years, the total number of condos sold were 51 (2016), 52 (2015), 45 (2014), 42 (2013), 35 (2012), 43 (2011), 31 (2010), 28 (2009), 43 (2008), 57 (2007), 66 (2006), 108 (2005).
On average Launani Valley condos were on the market for 21 days before they were sold (Jan - Jul 23, 2017). In previous years it was 44 days (2016), 58 days (2015), 80 days (2014), 54 days (2013), 59 days (2012), 58 days (2011), 78 days (2010), 61 days (2009), 57 days (2008), 77 days (2007), 47 days (2006), 21 days (2005).
The average days on market for Launani Valley condos before sold was 8 days June 2017 compared to 33 days June 2016.
The ratio of Launani Valley condos sales price vs list price was 100.9% June 2017 compared to 101.2% June 2016.
7 Launani Valley condos were sold June 2017 compared to 5 condos sold June 2016.
The total dollar volume of condos currently for sale in Launani Valley is $6.2M and the sold dollar volume year-to-date (Jan - Jul 23, 2017) is $13.74M. In previous years sold dollar volume was $18.58M (2016), $17.69M (2015), $14.27M (2014), $12.83M (2013), $9.69M (2012), $11.6M (2011), $8.66M (2010), $7.81M (2009), $14.02M (2008), $19M (2007), $22.92M (2006), $32.27M (2005).
The most recent sale in Launani Valley was a condo located at #B102 , sold for $390K on Jul 21, 2017. It had 834sf of interior. 9 other recent sales include: #E201 (782sf) sold for $340K on 7/19/2017. #F304 (703sf) sold for $320K on 7/19/2017. #R201 (925sf) sold for $455K on 7/14/2017. #K104 (833sf) sold for $360K on 7/14/2017. #B203 (703sf) sold for $315K on 7/5/2017. #C206 (797sf) sold for $375K on 7/3/2017. #K201 (797sf) sold for $349K on 6/27/2017. #G105 (833sf) sold for $373K on 6/19/2017. #M104 (703sf) sold for $322K on 6/16/2017.
In Launani Valley there is currently 15 fee simple units for sale.
There are 11 x 2 bedroom floor plans and 4 x 3 bedroom floor plans.