Want Market Reports Sent to Your Inbox?

Want Market Reports sent to your Inbox ? Sign up here for Monthly Updates.

Market Reports Sign Up

Kohala Coast Real Estate News

Waikoloa Village
Waikoloa Village is a charming community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single family homes.  Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.

Waikoloa Village Market
Also within Waikoloa Village is the Waikoloa Highlands Shopping Center, which contains many shops and restaurants, including the Waikoloa Village Market, Island Lava Java and Pueo’s Osteria Italian restaurant. With its proximity to the world famous resorts and world class beaches, Waikoloa Village is an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.


View all homes for sale in Waikoloa Village. Instantly find out the value of your Waikolao Village Home. Discover how my Vacation Rental Management Program can save you $1,000’s
 

At the time of this writing (May 10th), there were 32 single-family homes for sale and 22 homes in escrow in Waikoloa Village, while there were 14 condos for sale and 8 condos in escrow. Of the homes for sale, the highest price one on the market is listed at $789,000, and is located at 68-1854 Lina Poepoe St.

WAIKOLOA Village GolfOf the condos on the market, the highest priced one is listed at $630,000 and is located at The Pointe at Waikoloa #23.  At the other end of the spectrum, the lowest priced home on the market is located at 68-3600 Makuahine St and is listed at $379,000. While the lowest priced condo currently on the market is listed at $144,900 and is Unit AS1 in Waikoloa Village Condos.



In the 1st Quarter, the time from January 2019 through March 2019, there were 24 single-family homes sold in Waikoloa Village, while 30 condos were sold. Of the Waikoloa Villagehomes sold, the highest priced one is located at 68-3694 Kaulele Pl and sold at the sales price of $788,000, from a list price the same amount. The highest priced condo sold for $670,000, from a list price of $729,000, and is Unit #12 at The Point at Waikoloa.

The lowest priced home to sell during the 1st Quarter is located at 68-1695 Kieki Pl and sold for $419,000, from a list price of the same amount, while the condo with the lowest sale price went for $127,000 from a list price of $125,000, and is Unit #FS2in Waikoloa Village Condos.

Analysis: After a slowdown in Q4, sales volume in Waikoloa Village has rebounded back to the robust levels we experienced for most of 2018.  Even though inventory level increased slightly, the increase in sales volume has kept Waikoloa Village in the lower end of a balanced market, bucking the slowdown trend we are seeing in other areas.

If you are looking to buy or sell a home in Waikoloa Village, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams a reality. Mahalo

Highlights of the 2019 Q1 Waikoloa Village Market Update 

  • Number of single-family homes currently for sale – 32
  • Number of single-family homes currently in escrow - 22
  • Number of condos currently for sale – 14
  • Number of condos currently in escrow - 8
  • Highest priced home currently for sale – $789,000 68-1854 Lina Poepoe St
  • Highest priced condo currently for sale - $630,000 Pointe at Waikoloa #23
  • Lowest priced home currently for sale – $379,000 68-3600 Makuahine St
  • Lowest priced condo currently for sale - $144,900 Waikoloa Village Condos #AS1
  • Number of homes sold in Q1 (Jan – Mar) – 24
  • Number of condos sold in Q1 (Jan – Mar) – 30
  • Highest priced home sold in Q1 – $788,000 68-3684 Kaulele Pl
  • Highest priced condo sold in Q1 - $670,000 The Pointe at Waikoloa #12
  • Lowest priced home sold in Q1 – $419,000 68-1695 Kieki Pl
  • Lowest priced condo sold in Q1 - $127,000 Waikoloa Village Condos #FS2

If you enjoyed this update, you may like Waikoloa Beach Resort Update for Q1 2019.

Posted by Korby Matsen on May 18th, 2019 3:18 PM

Mauna Kea Resort
Mauna Kea Resort is a beautiful 1,839 acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Westin Hapuna Beach Resort

These hotels are located along some of the most pristine white sand beaches in all of Hawaii. The luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views. 

Mauna Kea Resort
The Mauna Kea Resort offers its resident’s access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants in the Mauna Kea Resort include Number 3, the Hua Tree Lanai, the Copper Terrace, Clambake and the Manta & Pavilion Wine Bar.



View all homes for sale in the Mauna Kea Resort. Instantly find out what your Mauna Kea home is worth. 
Discover how I can save you $1,000’s with my my Vacation Rental Management Program.

Mauna Kea ResortAt the time of this writing (Apr. 20th), there were 10 single-family homes for sale and 3 homes in escrow within the Mauna Kea Resort, while 4 condos are for sale, with 2 in escrow. Of these homes for sale, the highest priced one is listed at $9,995,000, and is located at 62-3692 Kiekiena Pl, in the Bluffs at Mauna Kea subdivision, while the highest priced condo on the market is listed at $4,290,000 and is Unit #6B in the Halia Hale at Kaunaoa.


At the other end of the spectrum, the lowest priced home on the market is located at 62-3997 Moani Pikake Pl, in The Uplands of Mauna Kea and is listed at $1,975,000. The lowest priced condo currently on the market is listed at $919,000 and is Unit J3 located in Kumulani at The Uplands at Mauna Kea.

Sales continue to be slow in the Mauna Kea Resort, with no single-family homes sold Mauna Kea Resortbeing sold in the 1st Quarter of 2019. This low sales volume was a contrast to the condo market, with 6 condos being sold during this same period. The lowest priced condo to sell during the 1st Quarter went for $920,000 from a list price of $949,000 and is Unit #H2, in Kumulani at The Uplands at Mauna Kea., while the highest priced condo sold for $3,200,000 from a list price of $3,500,000 and is Unit #5B in Halia Hale at Kaunoa.



Analysis
: The 1st Quarter of 2019 marks the third quarter in a row where no single-family homes were sold in Mauna Kea Resort. That will change next quarter as there are currently 3 homes in escrow. The condo market had a small boost after two quarters with only 1 sale per quarter, with 6 condos selling in Q1. Even with the low inventory levels, the sluggish sales volume have kept Mauna Kea Resort in a Buyer’s market.

If you are looking to buy or sell a home in the Mauna Kea Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams come true. Mahalo

Highlights of the Q1 2019 Mauna Kea Market Update 

  • Number of homes currently for sale – 10
  • Number of homes currently in escrow - 3
  • Number of condos currently for sale – 4
  • Number of condos currently in escrow - 2
  • Highest priced home currently for sale – $9,9956,000: 62-3692 Kiekiena Pl, Bluffs at Mauna Kea
  • Highest priced condo currently for sale - $4,290,000: Halia Hale ay Kaunaoa #6B
  • Lowest priced home currently for sale – $1,975,000: 62-3997 Moani Pikake Pl, Uplands at Mauna Kea
  • Lowest priced condo currently for sale - $919,000: Kumulani at The Uplands at Mauna Kea #J3
  • Number of homes sold in Q1 (Jan – Mar) – 0
  • Number of Condos sold in Q1 (Jan – Mar) – 6
  • Highest priced home sold in Q1 – None
  • Highest priced condo sold in Q1 - $3,200,000 Halia Hale ay Kaunaoa #5B
  • Lowest priced home sold in Q1 – None
  • Lowest priced condo sold in Q1 - $920,000 Kumulani at The Uplands at Mauna Kea #H2

If you enjoyed this update, you might like Mauna Lani Real Estate Update for Q1 2019.

Posted by Korby Matsen on May 4th, 2019 4:34 PM

Kohala Coast
The Kohala Coast is the majestic area located on the west coast of the Big Island of Hawaii. The Big Island received this name as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island, including the historic towns of Hawi and Kapa’au, and the Kohala Ranch communities farther south.

Halii Kai
South Kohala covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts’, the small town of Waikoloa Village, located 6 miles inland from the resorts and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting the Market Update Page on my website.



View all homes for sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. Discover how my Vacation Rental Management Program can save you $1,000’s.

The number of single-family homes sold in Kohala in March 2019 decreased Kohala Ranchsubstantially over March 2018, with 24 single-family homes selling in March this year, down from 36 homes in March 2018. This decline in sales volume was felt in all market segments, with South Kohala seeing 19 single-family homes being sold this March down from 26 homes sold in March 2018, while the volume in North Kohala decreased from 10 homes in March 2018 to just 5 homes this year. The number of condos sold year over year in March also experienced a decrease this year, falling to 27 units this year from 35 units last March.  

As with the monthly number decrease, the year-to-date sales volume in Kohala is also Mauna Lani Resort experiencing a decrease in 2019, with 63 single-family homes being sold this year, down from 83 homes sold by this time in 2018.  This decrease was felt in all market segments, with the number of single-family homes in North Kohala decreasing by more than half, from 23 single-family homes sold last year, down to 10 homes this year. The South Kohala sales volume fell slightly, from 60 homes last year to 53 homes sold this year, while the number of condos sold year-to-date also saw a small decrease, falling from 79 units sold last year, to 75 units sold in 2019.

Mauna Lani Resort
As with the decrease in sales volume of single-family homes in March 2019, most of the markets experienced a decrease in the median sales price. The median sale price in North Kohala was the only segment to see an increase, rising an astounding $215,000, from $825,000 in March 2018 to $1,040,000 in March this year.

As I have stated in the past, this type of dramatic change in median sales price is quite common when dealing with a low sales volume environment, like North Kohala. In South Kohala, the median sales price in March 2019 fell from $654,000 in March 2018 to $627,000 this year. The condo market also saw a decrease, with the March 2019 median sales price dropping to $440,000 from $495,000 in March 2018.

The year-to-date median sales price changes in the different areas and sectors mirror Big Island Mapthe changes in the monthly March 2019 numbers. The year-to-date median sales price in the condo market fell 5.05% from $5495,000 in 2018 to $470,000 this year, while the of price single-family homes in South Kohala also experienced a decrease, moving down 9.33%, from $654,000 in 2018 to $593,000 this year. Meanwhile, North Kohala saw a change in the other direction for its year-to-date median sales price, increasing 7.28% from $755,000 in 2018 to $810,000 this year.

Analysis: The March 2019 numbers continue the recent trend of lower sales volumes and falling median sale prices. This trend is expected to continue, at least in the short term, due to the usual seasonal slowdown. It remains to be seen if it will continue beyond the short term.
Big Island Stats

If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized Market Report for the neighborhood or area you are interested in. To read more market updates from the different areas of the Kohala Coast, visit my Market Update Page. Mahalo.

March 2019 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala -5
  • No. of single-family homes sold in South Kohala - 19
  • No. of condo units sold in South Kohala - 27
  • YTD No. of single-family homes sold in North Kohala -10
  • YTD No. of single-family homes sold in South Kohala - 53
  • YTD No. of condo units sold in South Kohala - 75
  • Median sales price of a single-family home in North Kohala - $1,040,000
  • Median sales price of a single-family home in South Kohala - $627,000
  • Median sales price of a condo in South Kohala - $440,000
  • YTD median sales price of a single-family home in North Kohala - $810,000
  • YTD median sales price of a single-family home in South Kohala - $593,000
  • YTD median sales price of a condo in South Kohala - $470,000

If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q1 2019

Posted by Korby Matsen on April 24th, 2019 10:41 AM

Waikoloa Beach Resort
Waikoloa Beach Resort is a beautiful resort located on the West Coast of the Big Island of Hawaii. This world famous Kohala Coast resort
contains everything to make your Hawaiian experience complete. Waikoloa Beach Resort is home to two luxury hotels, the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.

There is great shopping at the Queen’s Marketplace and the King’s Shops, and great restaurants like Roy’s Waikoloa Bar & Grill, the Macaroni Grill and the Lava Lava Beach Club. Waikoloa Beach Resort also contains two world class golf courses, the Beach Course and the King’s Course, and of course, the spectacular white sand beaches are also close by.

View all homes for sale in the Waikoloa Beach Resort. Instantly find out the value of your Waikoloa Beach Resort Home. Discover how our Vacation Rental Management can save you $1,000.

Queens MarketplaceAt the time of this writing (Apr 5th), there were 3 single-family homes for sale and 16 homes in escrow within the Waikoloa Beach Resort, while there are 54 condos for sale with 14 in escrow. Most of the single-family homes currently in escrow are part of a new construction development called Ainamalu at Waikoloa Beach that has many homes under construction.

Of the homes currently on the market, the highest priced one is listed at $10,250,000, and is located at 69-1077 Kolea Kai Cir in the Kolea community, while the one with the lowest price is located at 69-9222 Ainamalu St. in the new development mentioned above and is listed at $1,075,000.

In the condo market, the highest price condo currently available is Unit #2C in the Kolea Condo Villas, which is in the Kolea subdivision and is listed at $1,999,000. Waikoloa Beach ResortWhile at the other end of the spectrum, the lowest priced condo currently on the market is listed at $349,000 and is Unit #231 in the Shores at Waikoloa Beach Resort.

In the 1st quarter of 2019, there were 5 single-family homes sold in the Waikoloa Beach Resort. The highest priced home sold for $1,213,103, from a list price of the same amount and is located at 69-9246 Ainamalu St, while the lowest priced one sold for $838,840, from a list price of $909,840 and is located at 69-9200 Ainamalu St, also in the new Ainamalu at Waikoloa Beach development.

Colony VillasIn the Q1 time frame between January and March, there were 20 condos sold in Waikoloa Beach Resort, which has been a pretty consistent number throughout 2018. The highest priced of these condos sold was Unit 2F in Kolea Condo Villas at the sale price of $1,648,000, from a list price of the same amount. While the condo with the lowest sales price went for $355,000, from a list price of $385,000. It is Unit 118, located in the Shores at Waikoloa Beach Resort.

Analysis: The sales volume and inventory levels of both condos and single-family homes in Waikoloa Beach Resort has remained pretty constant throughout 2018. A balanced market is considered to be at a six months’ worth of inventory level, and that is where the market has been for all of 2018 and into the first quarter of this year.

Waikoloa Beach Resort
If you are looking to buy or sell a home in the Waikoloa Beach Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. If you enjoyed this Real Estate Update, you can read about other areas of the Kohala Coast on my Market Update page. Mahalo


Highlights of the Waikoloa Beach Real Estate Update for Q1 2019 

  • Number of homes currently for sale – 3
  • Number of homes currently in escrow - 15
  • Number of Condos currently for sale – 54
  • Number of condos currently in escrow - 14
  • Highest priced home currently for sale - $10,250,000 69-1077 Kolea Kai Cir in Kolea
  • Highest priced condo currently for sale - $1,999,000 Kolea Condo Villas #2C
  • Lowest priced home currently for sale – $1,075,000 69-9222 Ainamalu St in Ainamalu
  • Lowest priced condo currently for sale - $349,000 Shores at Waikoloa Beach Resort #231
  • Number of homes sold in Q1 (Jan – Mar) – 5
  • Number of Condos sold in Q1 (Jan – Mar) – 20
  • Highest priced home sold in Q1 – $1.213,103 69-9246 Ainamalu St in Ainamalu
  • Highest priced condo sold in Q1 - $1,648,000 Kolea Condo Villas #2F
  • Lowest priced home sold in Q1 – $838,840 69-9200 Ainamalu St in Ainamalu
  • Lowest priced condo sold in Q1 - $355,000 Shores at Waikoloa Beach Resort #118

If you enjoyed this update, you may like Mauna Lani Resort Real Estate Update for Q1 2019.

Posted by Korby Matsen on April 14th, 2019 12:24 PM

Mauna Lani Resort
Mauna Lani is a magnificent resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront estates to secluded luxury condos, there is a type of home for every discerning buyer. 
The Mauna Lani Resort offers its residents two Championship Golf Courses, the exclusive Mauna Lani Beach Club, and a Spa and Fitness Center.

Also, within the resort are two luxury hotels, the Mauna Lani Bay Hotel (currently Tommy Bahamaclosed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.


View all homes for sale in the Mauna Lani Resort. Instantly find out what your Mauna Lani Home is worth. 
Discover how our Vacation Rental Management Program can save you $1000’s.

Mauna Lani Resort At the time of this writing (Apr 2nd), there were 17 single-family homes for sale, with 5 homes in escrow within the Mauna Lani Resort, along with 55 condos for sale, and 14 in escrow. Of the homes for sale, the highest priced one is listed at $8,500,000, and is located at 68-1026 Honokaope Pl in the 49 Black Sand community, while the most expensive condo on the market is listed at $3,695,000 and is Unit #7 at Na Hale at Paoua Beach.

At the other end of the spectrum, the lowest priced home on the market is 68-1122 N Kaniku Dr #347, located in Ka Milo at Mauna Lani Resort, and is listed at $1,499,000. On the condo side, the lowest priced one currently on the market is listed at $559,000. It is Unit #1201, in the Fairways at Mauna Lani.

Mauna Lani Resort When it comes to sales in the 1st Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q1 time frame of January 2019 through March 2019, there were just 3 single-family homes sold in the Mauna Lani Resort, while 14 condos were sold. The highest priced home to sell is located at 68-1025 N Kaniku Dr, #415 in The Villages of Mauna Lani, and it sold for $1,590,000, from a list price of $1,625,000.

The lowest priced home sold for $1,477,000, from a list price of $1,595,000, and is located at 68-1122 N Kaniku Dr, #203, in Ka Milo at Mauna Lani.  The highest priced of the 14 condos sold is Unit #E202 in Mauna Lani Point, and it sold for $2,100,000, from a list price of $2,265,000.  While the condo with the lowest sales price was Palm Villas #D-22, which sold for $455,000 from a list price of $469,000.

Analysis: The volume of condos sold in Mauna Lani Resort has dropped Mauna Lani Resort significantly over the last two quarters, as have the sale of single-family homes. But if you include the single-family homes in escrow, it is more like they held steady. The inventory has also increased, but it is more of a seasonal increase, so I would say the inventory levels have also “held steady”. It remains to be seen if this is a market “pause”, or the beginning of something more.

If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. If you enjoyed this Market Update, you can find updates on other location on the Kohala Coast on my Market Update Page. Mahalo

Highlights of the Q1 2019 Mauna Lani Real Estate Update 

  • Number of single-family homes currently for sale – 17
  • Number of single-family homes currently in escrow - 5
  • Number of condos currently for sale – 55
  • Number of condos currently in escrow - 14
  • Highest priced home currently for sale – $8,500,000 68-1026 Honokaope Pl in 49 Black Sand
  • Highest priced condo currently for sale - $3,695,000 Na Hale #7 in Paoua Beach
  • Lowest priced home currently for sale – $1,499,000 68-1122 N Kaniku Dr #347, in Ka Milo
  • Lowest priced condo currently for sale - $559,000 Fairways at Mauna Lani #1201
  • Number of homes sold in Q1 (Jan – Mar) – 3
  • Number of Condos sold in Q1 (Jan – Mar) – 14
  • Highest priced home sold in Q1 – $1,590,000 68-1025 N Kaniku Dr #415 in The Villages
  • Highest priced condo sold in Q1 - $2,100,000 Mauna Lani point #E202
  • Lowest priced home sold in Q1 – $1,477,000 68-1122 N Kaniku Dr, #203, in Ka Milo
  • Lowest priced condo sold in Q1 - $455,000 Palm Villas #D-22

If you enjoyed this update, you may like Kohala Real Estate Update for February 2018.

Posted by Korby Matsen on April 6th, 2019 9:45 AM

Kohala Ranch
The Kohala Coast is a beautiful area located on the west coast of the Big Island of Hawaii. The Big Island received its name as differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, including the historic towns of Hawi and Kapa’au, and the Kohala Ranch communities farther south.

Ke Kailani
South Kohala covers the large, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts’, the small town of Waikoloa Village, located 6 miles inland from the resorts and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting my Market Update Page.


View all homes for sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. 
Discover how our Vacation Rental Mgt Program can save you $1000’s.

The number of single-family homes sold in Kohala in February 2019 rose slightlyKohala waterfront over February 2018, with 21 homes selling in February 2018, up to 23 homes this year. That increase was not felt in all market segments, as the sales volume in North Kohala decreased from 7 homes sold in February 2018 to just one home this year, while the volume in South Kohala picked up the slack, rising from 14 homes last year to 22 homes this February. The number of condos sold year over year in February remained the same at 22 units both years.

Puako Beach
With February only being the second month of the year, the overall year-to-date volume is not yet a significant number, but it is still down over last year, with 39 single-family homes homes being sold so far in 2019, as opposed to 47 homes being sold by this time last year. As with the February monthly number, this decrease can be attributed to the drop in the North Kohala sales volume.


The North Kohala volume fell from 13 homes in 2018 to just 5 homes sold this year, while in South Kohala the year-to-date sales volume held its ground at 34 homes sold in both years. The number of condos sold year-to-date was up slightly, rising from 44 units sold last year, to 46 units sold in 2019.

As with sales volume numbers, the median sales price was also a mixed bag, rising in the South Kohala markets but falling in North Kohala. The median sale price of a Kohala sunsetsingle-family home in South Kohala rose from $681,000 in February 2018 to $712,000 in February of this year, while in North Kohala, the median sales price in February 2019 fell to $407,500 from $600,000 in February 2018. The condo market in South Kohala also experienced a slight price increase, with the February 2019 median sales price rising to $474,500 from $422,000 in February 2018.

Although the monthly median sales prices were up in the South Kohala markets but down in North Kohala, the year-to-date numbers were the opposite. The median year-to-date sales price in the South Kohala condo market fell a modest 4.53% from $497,000 in 2018 to $474,500 this year.

Big Island Map
South Kohala
single-family homes experienced the largest drop for its median sales price, decreasing 14.97% from $677,250 in 2018 to $577,850 this year. North Kohala was the lone bright spot with regards to year-to-date median sales price increases, rising an impressive 25.00%, from $600,000 in 2018 to $750,000 this year.


Analysis:
With the monthly and year-to-date sales volumes either falling or remaining the same in February over last year and the year-to-date median sales price falling in both South Kohala market segments, the Kohala Coast market seems to be in a state of flux. We will see over the next few months if the market advances over the last couple of years are beginning to slow, or not.
Big Island Stats

If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in. If you currently own a vacation home or a vacation rental, find out how you can save thousands in management fees with our Vacation Rental Management Program. Mahalo.

February 2019 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala - 1
  • No. of single-family homes sold in South Kohala - 22
  • No. of condo units sold in South Kohala - 22
  • YTD No. of single-family homes sold in North Kohala – 5
  • YTD No. of single-family homes sold in South Kohala – 34
  • YTD No. of condo units sold in South Kohala - 46
  • Median sales price of a single-family home in North Kohala - $407,500
  • Median sales price of a single-family home in South Kohala - $712,000
  • Median sales price of a condo in South Kohala - $474,500
  • YTD median sales price of a single-family home in North Kohala - $750,000
  • YTD median sales price of a single-family home in South Kohala - $575,850
  • YTD median sales price of a condo in South Kohala - $474,500

If you enjoyed this update, you may like Mauna Lani Resort Real Estate Update for Q4 2018.

Posted by Korby Matsen on March 23rd, 2019 4:18 PM

Mauna Lani Resort
Mauna Lani is a beautiful resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront homes to secluded condos, there is something for every discerning buyer. 
The Mauna Lani Resort also offers its residents two Championship Golf Courses, the Mauna Lani Beach Club, and a Spa and Fitness Center.

Also, within the resort are two luxury hotels, the Mauna Lani Bay Hotel (currently Fairmont Orchidclosed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.

View all homes for sale in the Mauna Lani Resort. Instantly find out what your Mauna Lani Home is worth. Learn more about our Vacation Rental Management Program.

There are a lot more condos than single-family homes located in Mauna Lani Resort, so the least expensive homes are more concentrated in fewer neighborhoods. In the case of 2018, all five of the lowest priced homes are split between the two beautiful communities of Ka Milo and The Villages.

Here are the five least expensive single-family homes sold in the Mauna Lani Resort in 2018:
Villages at mauna Lani

5) 68-1025 North Kaniku Dr, #718 – located in The Villages at Mauna Lani

     Sold 5/29/2018 for $1,550,000 from a list price of $1,690,000

Villages at Mauna Lani

4) 68-1025 North Kaniku Dr, #403 – located in The Villages at Mauna Lani

     Sold 8/3/2018 for $1,500,000 from a list price of $1,599,000

Ka Milo at Mauna Lani

3) 68-1122 North Kaniku Dr, #351 – located in Ka Milo at Mauna Lani

     Sold 6/15/2018 for $1,482,000 from a list price of $1,482,000

Ka Milo at Mauna Lani

2) 68-1122 North Kaniku Dr, #349 – located in Ka Milo at Mauna Lani

     Sold 12/12/2018 for $1,475,000 from a list price of $1,475,000

And the least expensive single-family home to sell in the Mauna Lani Resort in 2018 was:
Ka Milo at Mauna Lani

1) 68-1122 North Kaniku Dr, #205 – located in Ka Milo at Mauna Lani

     Sold 5/8/2018 for $1,385,000 from a list price of $1,465,000

If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams come true. Mahalo.

Posted by Korby Matsen on March 16th, 2019 3:10 PM

Kohala Coast
North Kohala is a beautiful tropical area located at the northern tip of the Big Island of Hawaii. It is home to the two small towns of Hawi and Kapa’au. Hawi is most famous for being the bicycle turnaround point for the annual Ironman World Championship held each October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd office location of Hawaii Luxury Real Estate.

HawiThe other small town, Kapa'au also contains a downtown area with small shops and cafes and is home to the original King Kamehama I Statue.  A little farther south down the coast is where the gated, upscale communities of Kohala Ranch, Kohala By-the-Sea and Kohala Waterfront are located.

North Kohala contains miles of pastoral, undeveloped land, as well as a variety beautiful homes, from small starter homes to large estates, many with stunning ocean views. The southern end of North Kohala contains the gated communities of Kohala Ranch, containing many luxury homes on large lots and stunning, panoramic ocean views, as well as many large lots where you can build your own Hawaiian dream home.

View all homes for sale in the North Kohala Area. Instantly find out what your Kohala Coast Home is worth. Discover how our Vacation Rental Mgt Program can save you $1000’s.

HawiAt the time of this writing (Mar 1st), there were 60 single-family homes for sale and 11 homes in escrow in North Kohala, with 125 land lots for sale, with 2 in escrow. Since there are no condos located in North Kohala, there are no statistics in that market segment. Of the homes for sale, the highest priced one is listed at $5,800,000, and is located at 55-3287 Hoea Makai Rd in Hawi.

The highest priced land lot on the market is the 498-acre, Honomakau Lot #4, that is listed at $18,500,000. At the other end of the spectrum, the lowest priced home on the Kohala coastmarket is located at 54-3745 Akoni Pule Hwy in Kapa’au, and is listed at the low price of $225,000, while the lowest priced land lot for sale is a 14,898 sq ft lot in Hawi Village and is listed at $143,000.

Sales in North Kohala rose sharply in the 4th Quarter after a fairly slow Q3. In the Q4 time frame of October 1st through December 31st, there were 18 single-family homes sold in North Kohala. The highest priced home to sell is located at 59-473 Palila Pl, in Kohala Ranch. It was listed at $1,890,000 and sold for $1,600,000.

The highest priced land lot to sell went for $970,000 from a list price of $975,000 and is a 1/2-acre parcel in the Kohala Waterfront. The lowest priced home to sell in North Kohala is located at 53-3707 Akoni Pule Hwy in Kapa’au. It sold for $290,000 from a list price of $335,000. While the lowest priced land lot sold for $214,500 from a list price of $300,000. It is a 1-acre parcel in Kohala Estates.

Kohala RanchAnalysis: The sales of single-family and land lots in North Kohala has remained fairly consistent throughout 2018.  However, the increase in inventory of single-family homes over the last two quarters has pushed the market from a Balanced to a Buyers’ Market. The land market still remains firmly in the Buyer’s Market arena, with plenty of inventory to choose from, most of it concentrated in Kohala Ranch.

If you are looking to buy or sell a home in the North Kohala area, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. Mahalo.

Highlights of the North Kohala 2018 Q4 Market Update

  • Number of homes currently for sale – 60
  • Number of homes currently in escrow - 11
  • Number of land lots currently for sale – 125
  • Number of land lots currently in escrow - 2
  • Highest priced home for sale – $5,800,000 / 55-3287 Hoea Makai Rd, Hawi
  • Highest priced land lot for sale - $18,500,000 /Honomakau Lt #4, 498 acres
  • Lowest priced home for sale – $225,000 / 54-3745 Akoni Pukle Hwy, Kapa’au
  • Lowest priced land lot for sale - $143,000 / Hawi Village 14,898 sq ft
  • Number of homes sold in Q4 (Oct – Dec) – 18
  • Number of land lots sold in Q4 (Oct – Dec) - 9
  • Highest priced home sold in Q4 – $1,600,000 / 59-473 Palila Pl, Kohala Ranch
  • Highest priced land lot sold in Q4 - $970,000 / Kohala Waterfront, 22,306 sq ft
  • Lowest priced home sold in Q4 – $290,000 / 54-3707 Akoni Pule Hwy, Kapa’au
  • Lowest price land lot sold in Q4 - $214,500 / Kohala Estates, 1-acre

If you enjoyed this update, you may like Waikoloa Village Market Update for Q4 2018.

Posted in:General
Posted by Korby Matsen on March 9th, 2019 11:06 AM

Mauna Lani Resort
The Kohala Coast is a beautiful area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, including the small towns of Hawi and Kapaau, and the Kohala Ranch communities farther south.

Mauna Lani Resort
South Kohala
covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts, the small town of Waikoloa Village, located 6 miles inland from the resorts, and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting my Market Update Page.


View all homes for sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. Discover how our Vacation Rental Mgt Program can save you $1000’s.

The number of single-family homes sold in Kohala in January 2019 decreased Ka Milo Poolsubstantially over January 2018, with 26 homes selling in January 2018 down to 16 homes sold this year. That decrease was felt in all market segments, with the sales volume in North Kohala falling from 6 homes sold in January 2018 to 4 this year, while the volume in South Kohala fell from 20 homes to 14. The number of condos sold year over year in January in Kohala was a bright spot, increasing slightly from 22 units last year to 23 units this year.  


With January being the first month of the year, the year-to-date volume is going to be Ke Kailaniequal to the monthly numbers, with 16 homes being sold so far in 2019, as opposed to 26 homes being sold by this time last year.  The South Kohala volume fell from 20 homes in January 2018 to 16 homes sold this year, while in North Kohala the decrease was only by two, from 6 single-family homes sold by this time in 2018, to 4 homes this year. The number of condos sold year-to-date was the one segment with an increase in sales volume, rising from 22 units sold last year, to 23 units sold in 2019.

Along with the decreases in sales volume of single-family homes in January 2018 over Waikoloa Beach ResortJanuary 2019 in both North and South Kohala, also came reductions in median sales prices in both regions. The median sale price in South Kohala fell from $677,250 in January 2018 to $535,000 in January of this year, while in North Kohala, the median sales price in January 2019 fell to $810,000 from $986,000 in January 2018. The condo market also experienced a disappointing price decrease, with the January 2019 median sales price falling to $510,000 from $548,000 in February 2018.

Along with the monthly median sales prices being down in all markets in January Big Island Map2019, the year-to-date numbers were also down in all markets. The median year-to-date sales price in the condo market fell a modest 7.06% from $548,750 in 2018 to $510,000 this year. North Kohala experienced an even larger decrease for its median sales price, dropping 17.85% from $986,000 in 2018 to $810,000 this year, and the single-family homes in South Kohala had the largest drop, falling 21.0%, from $535,000 in 2018 to $677,250 this year.


Analysis:
The sales volume of single-family homes dropped significantly on the Kohala Coast in January 2019 compared to the last six months of 2018. This is especially concerning since January is typically one of the stronger months for sales. We did not see the same drop in sales volume in the condo market, so it is possible the drop was just a monthly aberration.
Big Island Stats

If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in. Mahalo.

February 2018 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala – 4
  • No. of single-family homes sold in South Kohala - 12
  • No. of condo units sold in South Kohala - 23
  • YTD No. of single-family homes sold in North Kohala – 4
  • YTD No. of single-family homes sold in South Kohala – 12
  • YTD No. of condo units sold in South Kohala - 23
  • Median sales price of a single-family home in North Kohala - $810,000
  • Median sales price of a single-family home in South Kohala - $535,000
  • Median sales price of a condo in South Kohala - $510,000
  • YTD median sales price of a single-family home in North Kohala - $810,000
  • YTD median sales price of a single-family home in South Kohala - $535,000
  • YTD median sales price of a condo in South Kohala - $510,000

If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q4 2018.

Posted by Korby Matsen on February 23rd, 2019 10:16 AM

Waikoloa Village
Waikoloa Village is a charming community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single family homes.  Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.

Waikoloa VillageAlso within Waikoloa Village is the Waikoloa Highlands Shopping Center, which contains many shops and restaurants, including the Waikoloa Village Market, Island Lava Java and Pueo’s Osteria Italian restaurant. With its proximity to the world-famous resorts and beaches on the Kohala Coast, Waikoloa Village makes an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.

View all homes for sale in Waikoloa Village. Instantly find out the value of your Waikoloa Village HomeDiscover how my Vacation Rental Mgt Program can save you $1,000’s.

Elima LaniAt the time of this writing (Feb 10th), Waikoloa Village had 28 single-family homes for sale, with 20 in escrow and 16 condos for sale, with 13 in escrow. Of the homes for sale, the highest priced one is listed at $849,000, and is located at 68-1981 Kawika St., while the highest priced condo currently on the market is listed at $729,000 and is Unit #12 in The Pointe at Waikoloa. 

At the other end of the spectrum, the lowest priced single-family home on the market is located at 68-3514 Kupunakane Pl and is listed at the low price of $449,000. While the lowest priced condo currently on the market is listed at $219,000 and is Unit G104, located in the Waikoloa Villas.

Waikoloa VillageWhen it comes to sales in the 4th Quarter, the number of single-family homes sold again outpaced the number of condos sold. In this time from October through December 2018 there were 18 homes sold in Waikoloa Village, while 13 condos were sold. Of those homes sold, the highest priced one is located at 68-2142 Laakea Way, and sold for $777,595, from a list price of $760,000.

While the most expensive condo sold for $615,000, from a list price of the same amount and is Unit #13, located in the Pointe at Waikoloa. The lowest priced home to sell during the 4
th Quarter was a home located at 68-3704 Eha Ko St, that sold for $444,614, from a list price of $447,000, and the condo with the lowest sales price went for $155,000, from a list price of the same amount and is in the Fairway Terrace, Unit G105.

Waikoloa VillageAnalysis: After two quarters of brisk sales in Waikoloa Village the sales volume in Q4 dropped by about half of previous two quarters. This may have a lot to do with the robust sales volume throughout 2018 depleting the available inventory of homes and condos down to under a two-month supply. We will wait to see if this is a trend or an aberration. But the low inventory levels do put Waikoloa Village firmly in a Sellers’ Market in both the single-family home and condo markets.

If you are looking to buy or sell a home in Waikoloa Village, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams come true. Mahalo

Highlights of the Waikoloa Village Update for Q4 2018 

  • Number of single-family homes currently for sale - 28
  • Number of single-family homes currently in escrow - 20
  • Number of condos currently for sale – 16
  • Number of condos currently of escrow - 13
  • Highest priced home currently for sale - $849,000 68-1981 Kawika St
  • Highest priced condo currently for sale - $729,000 Point at Waikoloa #12
  • Lowest priced home currently for sale - $449,000 68-3514 Kupunakane Pl
  • Lowest priced condo currently for sale - $219,000 Waikoloa Villas #G104
  • Number of single-family homes sold in Q4 (Oct – Dec) - 18
  • Number of condos sold in Q4 (Oct – Dec) - 13
  • Highest priced home sold in Q4 - $777,595 68-2142 Laakea Way
  • Highest priced condo sold in Q4 - $615,000 The Pointe at Waikoloa #13
  • Lowest priced home sold in Q4 – $444,614 68-3704 Eha Ko St
  • Lowest priced condo sold in Q4 - $155,000 Fairway Terrace #G105

If you enjoyed this update, you may like Mauna Kea Resort Real Estate Update for Q4 2018.

Posted by Korby Matsen on February 17th, 2019 11:33 AM

Archives:

My Favorite Blogs:

Sites That Link to This Blog: