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Kohala Coast Real Estate News

North Kohala
North Kohala
is a majestic 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.

Hawi Ironman
The other small town, Kapaa’u, also contains a small downtown area with assorted 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 of 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 with large lots, as well as many acreage lots where you can build your own Hawaiian dream home. The most alluring character of the Kohala Ranch area is that virtually every home and lot features panoramic ocean views.

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

North KohalaAt the time of this writing (Sept 1st), there were 45 homes for sale in the North Kohala area and 7 homes in escrow. In the land lot market there are 110 lots for sale, with 7 lots in escrow. There are no condos located in North Kohala, so there are no statistics for that market segment.  Of the homes for sale, the highest priced one is a waterfront home located at 55-3287 Hoea Makai Rd in Hawi and is listed at $5,850,000.  


The highest priced land lot for sale is listed at $18,500,000 and is 498 acres on Lokahi Rd in Kapa’au. At the other end of the spectrum, the lowest priced home on the market is located at
54-2475 Kynnersley Rd in Kapa’au, a starter home listed at the low price of $289,000, while the lowest priced lot for sale is 3 acres in Kohala Ranch, currently listed at $169,900.

Kohala CoastSales continue to be brisk in North Kohala, with the Q2 time frame of April through June 2018 seeing 19 homes sold. The highest priced of these homes is located at 59-110 Pakuikui Pl in Kohala Waterfront. It was listed at $2,795,000 and sold for $2,485,000. The highest priced land lot to sell went for $2,500,000 from a list price of the same amount. It is 22 acres located in Kapa’au.


The lowest priced home to sell in North Kohala was listed at $215,000 and sold for $213,500. It is located at 54-3669 Akoni Pukle Hwy in Kapa’au, while the lowest priced lot to sell went for $170,000 from a list price of $195,000. It is a 1-acre lot in Kohala Estates.

Analysis: With the continuing reduction of inventory in North Kohala, along with the steady sales, the house market in North Kohala is pretty close to being in a balanced market, but if you are looking for raw land, lots are plentiful and North Kohala continues to be in Buyers’ Market.

Kohala Coast
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. You can read real estate market updates of other areas on the Kohala Coast on the Market Update Page of my website.



Highlights of the North Kohala Q2 2018 Market Update

  • Number of homes currently for sale – 45
  • Number of homes currently in escrow – 7
  • Number of land lots currently for sale - 110
  • Number of land lots currently in escrow - 7
  • Highest priced home currently for sale  $5,850,000 -56-3083 Hoea Makai Rd, Hawi
  • Highest priced land lot currently for sale $18,500,000 – 498 Acres, Lokahi Rd, Kapa’au
  • Lowest priced home currently for sale – $289,000 - 54-2475 Kynnersley Rd, Kapa’au
  • Lowest priced land lot currently for sale - $169,900 – 3 Acres, Kanaloa Dr, Kohala Ranch
  • Number of homes sold in Q2 (Apr – Jun) – 19
  • Number of land lots sold in Q2 (Apr – Jun) - 19
  • Highest priced home sold in Q2 – $2,485,000 59-110 Pakuikui Pl, Kohala Waterfront
  • Highest priced land lot sold in Q2 - $2,500,000 – 22 Acres, Kapa’au
  • Lowest priced home sold in Q2 - $213,500 - 54-3669 Akoni Pule Hwy, Kapa’au
  • Lowest priced land lot sold in Q2 - $170,000 – 1 Acre, Poeukea Rd, Kohala Estates

If you enjoyed this update, you may like Kohala Market Update for July 2018

Posted by Korby Matsen on September 10th, 2018 5:23 PM

Pauoa Beach
The Kohala Coast is a majestic area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to not confuse it between the State of Hawaii and the Island of Hawaii. The Kohala Coast is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, containing the small towns of Hawi, Kapa’au, and the Kohala Ranch communities.  

Mauna Lani Resort
South Kohala
covers the major, world class resorts of Mauna Kea Resort, Mauna Lani Resort and Waikoloa Beach Resort, 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 $1000’s.

The number of single-family homes sold in June 2018 in Kohala increased slightly Ka Miloover the already impressive sales volume of June 2017, with 38 homes selling in June of this year, up from 35 homes selling in June 2017. That slight increase in sales volume happened in South Kohala, with the North Kohala number remaining the same as 2017. North Kohala saw 9 homes sold in June 2018, as it did in June 2017 and South Kohala rose from 26 homes sold in June 2017 to 29 homes this June. The number of condos sold in June 2018 also remained the same from year to year, with 28 units being sold in June of both years.

Even with this low monthly number increase for June, the year to date sales volume in 2018 is still well ahead of the 2017 numbers. There have been 183 single-family homes sold so far this year, outpacing the 167 homes that sold by this time in 2017. Both parts of Kohala have enjoyed this year-to-date volume increase, with North Kohala seeing 42 homes sold in 2018, up from 36 homes sold in 2017.

Kohala Coast
In South Kohala the sales volume has increased by 10 homes, with 141 homes selling this year, ups from the 131 homes sold last year, and the number of condos sold year-to-date was another bright spot, with 171 units selling this year, up impressively from 145 units sold in 2017.

Even though there was a rise in sales volume of single family home in June 2018 over June 2017 in Kohala, the rise in median sales price did not happen in all markets. The median sale price in the North Kohala and condo markets both rose, with North Kohala rising from $650,000 in June 2017 to $678,000 in June of this year, while the condo market rose from $567,000 in June 2017 to $650,000 in June of this year. The only market to see a decrease in the median sales price was South Kohala, where the median sales price in June 2018 decreased to $557,000 from $580,000 in June 2017.

Big Island mapEven with the decrease in the monthly median sales price for homes in South Kohala, it and all the other markets experienced an increase in the year-to-date median sales price numbers. The median year-to-date sales price in North Kohala saw the largest increase, rising an amazing 32%, from $625,000 in 2017 to $825,000 this year; this kind of dramatic change can sometimes be expected when you have an area with such a low sales volume.

Meanwhile, South Kohala experienced a less dramatic change, with its median sales price increasing 5.45% from $569,000 in 2017 to $600,000 this year, while the condo market had an even smaller increase, rising 2.45%, from $512,000 in 2017 to $525,000 this year.

Analysis: The sales volume and sales prices in 2018 continues to outpace the already impressive 2017 year we had on the Kohala Coast. The numbers in June 2018 are the same or better than June 2017 and, even with the bad press received about the volcano eruptions on the south end of the island, show no signs of slowing down.
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.

June 2018 Kohala Coast Real Estate Market Highlights

  • No. of single-family homes sold in North Kohala – 9
  • No. of single-family homes sold in South Kohala - 29
  • No. of condo units sold in South Kohala - 28
  • YTD No. of single-family homes sold in North Kohala – 42
  • YTD No. of single-family homes sold in South Kohala – 141
  • YTD No. of condo units sold in South Kohala - 171
  • Median sales price of a single-family home in North Kohala - $678,000
  • Median sales price of a single-family home in South Kohala - $557,000
  • Median sales price of a condo in South Kohala - $650,000
  • YTD median sales price of a single-family home in North Kohala - $825,000
  • YTD median sales price of a single-family home in South Kohala - $600,000
  • YTD median sales price of a condo in South Kohala - $525,000           

If you enjoyed this update, you may like Mauna Lani Resort Update for Q2 2018.

Posted by Korby Matsen on July 22nd, 2018 12:05 PM

Kohala Coast
North Kohala is the majestic area located at the northern tip of the Big Island of Hawaii and the 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.

Hawi Farmers MarketThe other small town, Kapaa’u, also contains a small downtown area with assorted 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 of 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 with large lots, as well as many acreage lots where you can build your own Hawaiian dream home. The most alluring character of the Kohala Ranch area is that virtually every home and lot features panoramic ocean views.

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

Kohala RanchAt the time of this writing (May 25th), there were 36 single-family homes for sale and 12 homes escrow in the North Kohala area, while an amazing 107 land lots are for sale, with 10 lots in escrow.  There are no condos located in North Kohala, so there are no statistics on that market segment.

Of the homes for sale in North Kohala, the highest priced one is listed at $5,750,000 and is located at 55-3287 Hoea Makai Rd in the lovely town of Hawi. For you bargain hunters, the lowest priced home on the market is located at 54-2475 Kynnersley Rd, in Kapa’au, and it is listed at the low price of $289,000.

Kohala CoastIn the land lot market segment, the highest priced lot currently for sale in North Kohala is an enormous 498 acres located on Lokai Rd in Kapa’au and it is listed at a cool $18,500,000. At the other end of the spectrum, the lowest priced land lot for sale is listed at $169,000, and a 3-acre lot located in Kohala Ranch.

Sales have remained steady in North Kohala throughout 2017, and the Q1 time frame of January through March 2018 continued that trend with 23 single-family homes being sold. The highest priced of these homes is located at 56-3021 Puakea Bay Dr, in the Puakea Bay Ranch subdivision. It was listed at $2,880,000 and sold for $2,735,000. The lowest priced home to sell in North Kohala was listed at $269,900 and sold for $265,000. It is located at 53-3959 N Kahiwa Pl in Kapa’au.

Kohala CoastIn the land market segment there were 10 lots sold in Q1 of 2018. The highest price lot sold for $905,000 from a list price of $995,000 and is 17.55 acres located at 56-102 Old Coast Guard Rd in Hawi. The lowest priced lot to sell in Q1 is a 25,703 sq ft lot located on Puahuehue Rd in Kapa’au, and it sold for $255,000 from a list price of the same amount.

Analysis: With just 36 single-family homes on the market, and homes selling at over 20 homes a quarter, we have clearly entered a Sellers’ Market in North Kohala. On the other hand, if you are looking for some land in North Kohala, you have an abundance of inventory to choose from.

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. You can read Market Updates of other areas on the Kohala Coast on the Market Update Page of my website.

Highlights of the North Kohala 2018 Q1 Market Update

  • Number of homes currently for sale – 36
  • Number of homes currently in escrow – 12
  • Number of land lots for sale – 107
  • Number of land lots in escrow - 10
  • Highest priced home currently for sale – $5,750,000 - 55-32867 Hoea Makai Rd, Hawi
  • Lowest priced home currently for sale – $289,000 - 54-2475 Kynnersley Rd, Kapaau
  • Highest priced land lot for sale - $18,500,000 – 498 acres, Lokai Rd, Hawi
  • Lowest priced land lot for sale - $169,000 – 3 acres, Kohala Ranch
  • Number of homes sold in Q1 (Jan – Mar) – 23
  • Number of land lots sold in Q1 (Jan – Mar) - 11
  • Highest priced home sold in Q1 - $2,735,000 -  56-3021 Puakea Bay Dr, Puakea Bay Ranch
  • Lowest priced home sold in Q1 – $265,000 - 53-3959 N Kahiwa Pl, Kapaau
  • Highest priced land lot sold in Q1 - $905,000 – 17.55 acres, 56-102 Old Coast Guard Rd, Hawi
  • Lowest priced land lot sold in Q1 - $265,000 – ½ acre, Puahuehue Rd, Kapa’au

If you enjoyed this update, you may like Kohala Real Estate Market Update for April 2018

Posted by Korby Matsen on May 27th, 2018 3:06 PM

Kohala Coast
The Kohala Coast is a spectacular area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to not confuse it between the State of Hawaii and the Island of Hawaii. The Kohala Coast is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, containing the small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities on the south end.  

Mauna Lani Resort
South Kohala covers the major, world class resorts of Mauna Kea Resort, Mauna Lani Resort and Waikoloa Beach Resort, 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 the value of your Kohala Coast Home. Discover how my Vacation Rental Management Program can save you $1,000’s.

The number of single-family homes sold in April 2018 in Kohala rose modestly over April 2017, with 28 single-family homes selling in April this year, up from 21 homes selling in April 2017. There was a sales volume increase in both parts of Kohala, with the volume in North Kohala increasing by 4 homes (from 3 homes up to 7) and in South Kohala sales volume increased by a slight 3 homes (up from 18 homes to 21). The number of condos sold year over year in April also saw a healthy increase, rising from 25 units last year to 35 units this year.  


As with the monthly number, the year-to-date volume also experienced an increase in Mauna Lani Resort2018, with 111 single-homes being sold this year, as opposed to 99 homes being sold by this time in 2017.  Also mirroring the monthly number, the increase happened in both parts of Kohala, with sales volume in North Kohala increasing from 18 single-family homes sold in 2017, to 30 homes this year. South Kohala’s year-to-date volume remained the same as last year, with 81 homes being sold in both 2017 & 2018. The number of condos sold year-to-date was also a bright spot, with volume rising from 92 units sold last year, to 114 units sold in 2018.

While the volume of single-family homes sold in April 2018 was up compared to April Kohala Coast2017 in both parts of Kohala, the change in median sales price varied from region to region. The median sale price in South Kohala had a slight drop, from $620,120 in April 2017 to $600,000 in April of this year, while in North Kohala, the median sales price in April 2018 rose a dramatic $494,425 to $1.342,425 from $850,000 in April 2017. This type of dramatic change in median price is quite common when dealing with such a low volume of sales. The condo market also saw their prices move in the upward direction, with the April 2018 median sales price rising a healthy $124,500 to $549,500 from $425,000 in April 2017.

Although the monthly numbers for the April median sales price were somewhat mixed, the year-to-date numbers were all up. North Kohala led the way with a whopping 41.9% increase in its year-to-date median sales price, increasing from $626,500 in 2017 to $889,000 this year, again, this had more to do with the low number of sales in that area than a rapid increase in prices. The other two market segments also experienced increases, with single-family homes in South Kohala increasing modestly, from $588,000 in 2017 to $645,000 this year, an increase of 9.69%. The median year-to-date sales price in the condo market also increased, albeit by a smaller amount, rising a modest 4.63% from $475,000 in 2017 to $497,000 this year.

Analysis: As we head deeper into 2018, sales volume in all segments are up over the 2017 numbers. And the median sales price is also continuing its upward trend, except for a slight drop in South Kohala single-family home prices, all markets experienced an increase over the 2017 numbers. So, with prices rising and inventory dropping, most of the markets on the Kohala Coast are now in a Balanced Market, with a few, like Waikoloa Village, entering a Sellers’ Market.

Big Island

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. Read market updates from the different areas of the Kohala Coast on my Market Updates page.  Mahalo.

April 2018 Market Update Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 21
  • No. of condo units sold in South Kohala - 35
  • YTD No. of single-family homes sold in North Kohala – 30
  • YTD No. of single-family homes sold in South Kohala – 81
  • YTD No. of condo units sold in South Kohala - 114
  • Median sales price of a single-family home in North Kohala - $600,000
  • Median sales price of a single-family home in South Kohala - $1,342.425
  • Median sales price of a condo in South Kohala - $459,000
  • YTD median sales price of a single-family home in North Kohala - $889,000
  • YTD median sales price of a single-family home in South Kohala - $645,000
  • YTD median sales price of a condo in South Kohala - $497,000

If you enjoyed this update, you mike like Waikoloa Beach Market Update for Q1 2018.

Posted by Korby Matsen on May 20th, 2018 4:59 PM

Mauna Lani Resort
The Kohala Coast is located on the west coast of the Big Island of Hawaii. The Big Island received this name as to not confuse 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.  

Mauna Lani Point
South Kohala covers the major, world class resorts of Mauna Kea Resort, Mauna Lani Resort and Waikoloa Beach Resort, 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 thousands.

KoleaThe number of single family homes sold in March 2018 in Kohala decreased slightly over March 2017, with 35 homes selling in March this year, down from 38 homes selling in March 2017. The decline in sales volume only occurred in South Kohala though, with 26 homes being sold this March down from 34 homes sold in March 2017, while the volume in North Kohala increased from 4 homes in March 2017 to 9 homes this year. The number of condos sold year over year in March had a slight increase this year, increasing to 33 units this year from 27 units last March.  

Although the overall monthly number decreased, the year to date volume saw a slightWaikoloa Beach Resort increase in 2018, with 82 homes being sold this year, as opposed to 78 homes being sold by this time in 2017.  This overall increase happened despite the sales volume decrease in South Kohala, with the number of single-family homes in North Kohala increasing to 22 homes sold this year from 15 homes sold last year. South Kohala decrease was a small one, dropping from 63 homes last year to 60 homes sold this year. The number of condos sold year-to-date in Kohala also saw a considerable increase, rising from 67 units sold last year, to 77 units sold in 2018.

With the sales volume of single-family homes sold in March 2018 being a mixture of Waikoloa Beach Resortup and down numbers compared to March 2017 in Kohala, the change in median sales price from segment to segment also reflected that. The median sale price in South Kohala rose from $570,000 in March 2017 to $654,000 in March of this year, while in North Kohala, the median sales price in May 2018 increased an astounding $358,000, from $495,000 in March 2017 to $853,000 this year. As I have stated in the past, this type of dramatic change in median sales price is quite common when dealing with such a low sales volume. The condo market was the only segment to see a decrease, with the March 2018 median sales price dropping to $495,000 from $550,000 in March 2017.

Big Island
The year-to-date median sales price changes in the different areas and sectors mirror the changes in the monthly March 2018 numbers. The only area to see a decrease was the condo segment, as it did in the monthly number. The median year-to-date sales price in the condo market fell a slight 2.94% from $510,000 in 2017 to $495,000 this year.


Meanwhile, North Kohala saw a huge change in the other direction for its year-to-date median sales price, increasing an extraordinary 37.35% from $565,000 in 2017 to $776,000 this year; again, this had a lot more to do with the low number of sales in that area than price increases. The single-family homes in South Kohala also enjoyed a healthy increase, moving upward 11.41%, from $587,000 in 2017 to $654,000 this year.

Analysis: With five to six months’ supply of inventory being considered a balanced market, the five months of inventory in the condo market and single-family home market in both North and South Kohala, confirms that every segment of the market is firmly in a Balanced Market.
Big Island

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 2018 Kohala Market Highlights

  • No. of single family homes sold in North Kohala -9
  • No. of single family homes sold in South Kohala - 26
  • No. of condo units sold in South Kohala - 33
  • YTD No. of single family homes sold in North Kohala -22
  • YTD No. of single family homes sold in South Kohala - 60
  • YTD No. of condo units sold in South Kohala - 77
  • Median sales price of a single-family home in North Kohala - $853,000
  • Median sales price of a single-family home in South Kohala - $654,000
  • Median sales price of a condo in South Kohala - $495,000
  • YTD median sales price of a single-family home in North Kohala - $776,000
  • YTD median sales price of a single-family home in South Kohala - $654,000
  • YTD median sales price of a condo in South Kohala - $495,000

If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q1 2018.

Posted by Korby Matsen on May 6th, 2018 3:45 PM

North Kohala Wind Farm
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.

Ironman HawiThe other small town, Kapaa’u 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.

North Kohala
At the time of this writing (Mar 1st), there were 36 homes and 121 land lots for sale in the North Kohala area. Since there are no condos located in North Kohala, there are no statistics in that market segment to report. Of the homes for sale, the highest priced one is listed at $4,795,000, and is located at 59-116 Lauipala Pl in the Kohala Waterfront community.


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 market is located at 54-2475 Kynnersley Rd in Kapa’au, and is listed at the low price of $315,000, while the lowest priced land lot for sale is a 3-acre parcel in Kohala Ranch and is listed at $169,000.

North Kohala Home
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 20 homes sold in North Kohala. The highest priced home to sell is located at 56-3083 Puakea Bay Dr, in the Paukea Bay Ranch subdivision. It was listed at $9,995,000 and sold at an auction sale for $4,250,000 on 10/31/2017.


The highest priced land lot to sell went for $850,000 from a list price of $1,050,000 and is a 10-acre parcel in North Kohala. The lowest priced home to sell in North Kohala belongs to 53-4166 Akoni Pule Hwy in Kapa’au. It sold for $202,125 from a list price of $250,000. While the lowest priced land lot sold for $170,000 from a list price of $184,000. It is a 3.42-acre parcel in Kohala Ranch.

Kohala Coast Sunset
Analysis:
Like many other areas of the Big Island, North Kohala is gradually moving from a Balanced Market to a Sellers’ Market. Brisk sales throughout 2017, combined with diminishing inventory is driving this market change. The land market on the other hand, remains firmly in the Buyer’s Market arena, with plenty of inventory to choose from.


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 Q4 Market Update

  • Number of homes currently for sale – 36
  • Number of land lots currently for sale - 121
  • Highest priced home currently for sale – $4,795,000 /59-116 Lauipala Pl, Kohala Waterfront
  • Highest priced land lot currently for sale -$18,500,000 /Honomakau Lt #4, 498 acres
  • Lowest priced home currently for sale – $315,000 / 54-2475 Kynnersley Rd, Kapa’au
  • Lowest priced land lot currently for sale - $169,000 /Kohala Ranch, 3 acres
  • Number of homes sold in Q4 (Oct – Dec) – 20
  • Number of land lots sold in Q4 (Oct – Dec) - 5
  • Highest priced home sold in Q4 – $4,250,000 /56-3083 Puakea Bay Dr, Puakea Bay Ranch
  • Highest priced land lot sold in Q4 - $850,000 / North Kohala, 10 acres
  • Lowest priced home sold in Q4 – $202,125 / 53-4166 Akoni Pule Hwy, Kapa’au
  • Lowest price land lot sold in Q4 - $170,000 / Kohala Ranch, 3.42 acres

 

 If you enjoyed this update, you may like Waikoloa Village Market Update for Q4 2017.

Posted by Korby Matsen on March 18th, 2018 1:05 PM

49 Black Sand
The Kohala Coast is located on the west coast of the Big Island of Hawaii. It is called the Big Island as to not confuse 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.

 

Queens MarketplaceSouth Kohala covers the major, world class resorts of Mauna Kea Resort, Mauna Lani Resort and Waikoloa Beach Resort, 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.

 

Puako BeachThe number of single family homes sold in Kohala in November 2017 rose marginally over November 2016, with 24 homes selling in November 2016, while 30 homes were sold this November. But the change in sales volume did not rise in all parts of Kohala. In South Kohala, the volume increased (from 18 homes to 25), but North Kohala experienced a slight decrease of one home (from 6 homes down to 5). The number of condos sold also increased by a single unit year over year in November, from 20 to 21 units.  

 

As like the number of single family homes sold in November, the overall year-to-date Villages at Mauna Lanivolume also increased in 2017 over 2016, with 287 homes being by this time last year and 296 homes sold this year. This overall increase was enjoyed in both parts of Kohala, with the number of single family homes in North Kohala increasing from 53 homes sold last year to 58 sold homes this year and South Kohala increasing from 234 homes last year to 238 homes sold this year. The number of condos sold year-to-date was also a bright spot, rising from 228 units sold in 2016, to an encouraging 259 units sold this year.

 

Although the volume of homes sold in November 2017 from November 2016 inNorth Kohala Kohala increased in all segments, the change in median sales price varied. The median sale price in South Kohala increased a healthy $25,000, from $514,000 in November 2016 to $539,000 in November of this year, while in North Kohala the median sales price in November 2017 decreased a whopping $160,500 to $364,500 from $525,000 in November 2016. But with such a few number of homes selling, wide swings in sales price are to be expected. The condo market experienced a dramatic price change in the other direction, with the November 2017 median sales price increasing to $400,000 from $265,000 in November 2016.

 

Mauna Lani pointThe year-to-date numbers in November 2017 mirrored the changes seen in the monthly numbers. Single family homes in North Kohala was the only segment to see a decrease, dropping 11.03% from $725,000 in 2016 to $645,000 this year. The single-family homes in South Kohala had a similar change in the other direction, increasing 12.47% from $499,000 in 2016 to $561,250 this year, while the condo market increased at a smaller rate, rising 7.26% from $447,500 in 2015 to $480,000 this year.

 

Analysis:  With the monthly and year-to-date sales volumes both increasing in November, median sales prices rising in all segments (besides the North Kohala aberration), and the gradual drop in inventory levels, it appears that the Kohala Coast is finally in a balanced market (5 to 6 months of inventory).

 

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

 

November 2017 Kohala Market Highlights

  • No. of single family homes sold in North Kohala – 5
  • No. of single family homes sold in South Kohala - 25
  • No. of condo units sold in Kohala – 21
  • YTD No. of single family homes sold in North Kohala – 58
  • YTD No. of single family homes sold in South Kohala – 238
  • YTD No. of condo units sold in Kohala - 259
  • Median sales price of a single-family home in North Kohala - $364,500
  • Median sales price of a single-family home in South Kohala - $539,000
  • Median sales price of a condo in Kohala - $400,000
  • YTD median sales price of a single-family home in North Kohala - $645,000
  • YTD median sales price of a single-family home in South Kohala - $561,250
  • YTD median sales price of a condo in Kohala - $480,000

 

If you enjoyed this update, you may like Mauna Lani ResortReal Estate Update for Q3 2017.

 

Posted by Korby Matsen on December 24th, 2017 3:40 PM

North Kohala Pool
North Kohala
is the majestic 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.

Hawi Farmers Market
The other small town, Kapa'au also contains a downtown area with small shops and cafes, and is home to the original King Kamehama IStatue.  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 with large lots, as well as many large lots where you can build your own Hawaiian dream home.

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

At the time of this writing (Sept 15th), there were 40 homes for sale in the North North Kohala HomeKohala area and 13 homes in escrow. There are no condos located in North Kohala, but raw land lots are plentiful. There are currently 111 land lots for sale and 2 lots in escrow. Of the homes for sale, the highest priced one is listed at $9,270,000, and is located at 57-1719 Kohala Mtn Rd in Hawi. At the other end of the spectrum, the lowest priced home on the market is located at 52-4230 Akoni Pule Hwy in Kapa’au, and is listed at the low price of $230,000. The highest priced lot for sale is a 498-acre lot in Honomakua Subdivision and is priced at $18,500,000, while the lowest priced is a 3.59-acre lot in Kohala Ranch priced at $159,000;

 

North KohalaSales in the Q3 time frame of July through September 2017 were down significantly over the past few quarters. There were just 11 homes sold in North Kohala during this time. The highest priced home to sell is located at 59-11215 Maki Way, in the Kohala Ranch subdivision. It was listed at $1,795,000 and sold for $1,430,000. The lowest priced home to sell in North Kohala was listed at $275,000 and sold for $180,000. It is located at 55-478 Hawi Rd, just north of Downtown Hawi.

In the North Kohala raw land market, there were 6 lots sold in Q3. The highest priced lot was 33 acres that sold for $750,000 from a list price of the same amount. The lowest priced lot to sell was on Maki Way in Kohala Ranch. It was a 3.25-acre lot that sold for $220,000 from a list price of $250,000’

North KohalaAnalysis: After a huge jump in single family home sales in Q2, North Kohala experienced a considerable drop in sales in Q3. Even with inventories remaining at lower levels than earlier this year, North Kohala continues to be a Buyer’s Market in both the single-family home and raw land segments.

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. You can read market updates of other areas on the Kohala Coast on my Market Update Page. Mahalo.

Highlights of the North Kohala 2017 Q3 Market Update

  • Number of Homes currently for sale – 40
  • Number of homes currently in escrow – 13
  • Number of land lots for sale – 111
  • Number of land lots in escrow - 2
  • Highest priced home for sale – $9,270,000 - 57-1719 Kohala Mtn Rd,
  • Lowest priced home for sale – $300,000 - 52-4230 Akoni Pule
  • Highest priced land lot for sale - $18,500,000 - 498 Acres, Honomakua Subd
  • Lowest priced land lot for sale - $159,000 - 3.56 acres. Kohala Ranch
  • Number of homes sold in Q3 (July – Sept) -10
  • Number of land lots sold in Q3 (July – Sept) - 6
  • Highest priced home sold in Q3 – $1,430,000 59-1215 Maki Way, Kohala Ranch
  • Lowest priced home sold in Q3 – $180,000 - 55-478 Hawi Rd, Hawi
  • Highest priced land lot sold in Q3 - $750,000 - 35 Acres, North Kohala
  • Lowest priced land lot sold in Q3 - $220,000 – 3.25 Acres, Maki Way, Kohala Ranch

 

If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q3 2017.

Posted by Korby Matsen on December 16th, 2017 2:09 PM

A beach
The Kohala Coast is a majestic area located on the west coast of the Big Island of Hawaii. The Big Island is called that as to not confuse it between the State of Hawaii and the Island of Hawaii. Kohala is made up of two regions, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island.

Queens Marketplace
South Kohala covers the major, world class resorts of Mauna Kea Resort, Mauna Lani Resort and Waikoloa Beach Resort, 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 the value of your Kohala Coast HomeDiscover how you can save $1000’s with my Vacation Rental Management Program.

The Shores at WaikoloaThe number of single family homes sold in October 2017 on the Kohala Coast increased considerably from October 2016, with 31 homes selling in October 2017, up from 18 homes last year. That increase was enjoyed in both South Kohala, with 25 homes selling, up from 15, and North Kohala, with 6 homes selling, up from 3. The condo market also saw an increase, rising from 23 units sold in October 2016 to 25 units in October 2017.  

As with the increase in the number of single family homes sold in October, the overall year-to-date volume is also up in 2017, with 265 homes being sold this year, up Koleaslightly from 263 homes sold this time last year. But the increase in the Kohala sales volume was not felt in all regions. The number of single family homes in North Kohala increased from 47 homes sold by this time last year to 52 homes this year, but South Kohala however, lost a little ground, with the number of single family homes falling from 216 homes last year to 213 homes sold this year. The number of condos sold year-to-date also enjoyed a healthy increase in volume, up 29 units to 237 units sold this year from 208 units sold in 2016.

The change in median price this October over last year was, however a mixed bag. The median sale price in North Kohala experienced a spectacular increase, rising from $325,000 in October 2016 to $835,000 in October of this year. This type of wild change in median sales price is quite common in a low sales volume environment such as Noth Kohala. The South Kohala median sales price in October 2017 was also up, jumping to $608,000 this year from $540,000 in October 2016. The condo market median sales price was the only segment to experience a downturn, dropping from $486,000 in October 2016 to $383,000 this year.

Big Island MapEven with the large jump in October’s median sales price, single family homes in North Kohala had a decrease in their year-to-date median sales price, decreasing a dramatic 13.13% from $750,000 in 2016 to $651,500 this year. While the single family homes in South Kohala had an increase of 13.23%, going from $499,000 in 2016 to $565,000 this year. The condo market also saw its year-to-date median sales price increase, rising a slight 4.30% from $465,000 in 2016 to $485,000 this year.

Analysis: Aside from the wild fluctuations in the North Kohala region, the Kohala Coast market continues to move upwards in all categories. Although sales volume has not increased drastically, it has slowly eaten away at the inventory to the point that we are now in a balanced market. The median sales price of condos has slowed to single digit growth in recent months, but single family home prices have been increasing at a 12% annual rate for over six months. For those thinking of entering the market, the time is now.
Big Island Stats 
If you are thinking of buying or selling a home on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in buying or selling in. Mahalo.

October 2017 Market Highlights

  • No. of single family homes sold in North Kohala – 6
  • No. of single family homes sold in South Kohala - 25
  • No. of condo units sold in Kohala - 25
  • YTD No. of single family homes sold in North Kohala – 52
  • YTD No. of single family homes sold in South Kohala – 213
  • YTD No. of condo units sold in Kohala - 237
  • Median sales price of a single family home in North Kohala - $835,000
  • Median sales price of a single family home in South Kohala - $608,000
  • Median sales price of a condo in Kohala - $383,000
  • YTD median sales price of a single family home in North Kohala - $651,000
  • YTD median sales price of a single family home in South Kohala - $565,000
  • YTD median sales price of a condo in Kohala - $485,000

 

 If you enjoyed this update, you may like Mauna Kea Resort Update for Q3 2017.

Posted by Korby Matsen on December 2nd, 2017 2:24 PM

Mauna Lani Resort
The Kohala Coast is located on the west coast of the Big Island of Hawaii. It is called the Big Island as to not confuse 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.

Mauna Lani ResortSouth Kohala covers the major, world class resorts of Mauna Kea Resort, Mauna Lani Resort and Waikoloa Beach Resort, 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 you can save $1000’s with my Vacation Rental Management Program.

Pauoa BeachThe number of single family homes sold on the Kohala Coast in September 2017 decreased noticeably from September 2016, with 20 homes selling in September 2017 down from 27 homes last September. That decrease only happened in South Kohala (from 23 homes down to 16), with North Kohala’s volume remaining unchanged (4 homes sold in both years). The condos market, alternatively, had a remarkable increase, up from 15 units sold in September 2016 to 27 units in September 2017.  

As with decrease in the number of single family homes sold in September, the overall Kohala Sunsetyear-to-date volume also saw a decrease in 2017, with 233 homes being sold this year, down from 245 homes last year. This decrease however, did not happen in both parts of Kohala. The number of single family homes in North Kohala increased slightly from 44 homes sold by this time last year to 46 homes this year. South Kohala, however, lost ground, with the number of single family homes falling from 201 homes last year to 187 homes sold this year. As with the monthly number, the condo year-to-date volume also improved, rising to 212 units this year from 185 units sold in 2016.

Like the volume numbers, the change in median sales price was also a mixed bag. The median sale price in North Kohala saw the wildest swing, dropping from $1,162,000 in September 2016 to $530,000 in September of this year. This type of wild changes in median sales price can be expected in this type of low sales volume environment. The South Kohala median sales price in September 2017 saw an modest increase to $582,000 from $535,000 in September 2016. The condo market median sales price also experienced a dramatic change, decreasing an astounding $265,000 to $465,000 from $730,000 in September 2016.

Big Island Stats
Except for the dramatic drop in North Kohala, the year-to-date median sales price continued in an upward trend. Single family homes in North Kohala decreased 16.77% from $775,000 in 2016 to $645,000 this year. While in South Kohala, single family homes had a steady increase of 12.73%, going from $499,000 in 2016 to $562,500 this year. The condo market had a slight increase, rising 5.16% from $465,000 in 2016 to $489,000 this year.


Analysis:
As it has been throughout 2017, the numbers on the Kohala Coast continue to be a mixed bag. The number of condos sold is up over last year, but median sales price is down. I believe this is due to the lower priced condos being sold at a much faster pace than the higher priced ones, causing a drop in the median sales price, not due to condo prices actually dropping. The number of single family homes sold in South Kohala is up slightly over last year and the median sales price is as well, but there is still plenty of inventory, so it is still a good time to get into the market.

Kohala Coast Stats
If you are thinking of buying or selling a home on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in buying or selling in. To read market reports for other areas of the Kohala Coast, visit my Market Update Page. Mahalo.

September 2017 Market Highlights?

  • No. of single family homes sold in North Kohala – 4
  • No. of single family homes sold in South Kohala - 16
  • No. of condo units sold in Kohala - 27
  • YTD No. of single family homes sold in North Kohala – 46
  • YTD No. of single family homes sold in South Kohala – 187
  • YTD No. of condo units sold in Kohala - 212
  • Median sales price of a single family home in North Kohala - $530,000
  • Median sales price of a single family home in South Kohala - $582,000
  • Median sales price of a condo in Kohala - $465,000
  • YTD median sales price of a single family home in North Kohala - $645,000
  • YTD median sales price of a single family home in South Kohala - $562,500
  • YTD median sales price of a condo in Kohala - $489,000

 

If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q3 2017.

Posted by Korby Matsen on November 12th, 2017 9:58 AM

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