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

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

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 Mauna Kea Resortluxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views.

The Mauna Kea Resort also offers its residents access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants 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 Resort Home is worth. Discover how my Vacation Rental Mgt Program can save you $1,000’s.

Mauna Kea Resort
At the time of this writing (Feb 1st), there were 12 single-family homes and 10 condos for sale in the Mauna Kea Resort, with 1 home and 2 condos in escrow. The highest priced of these homes is listed at $9,995,000 and is located at 62-3692 Kiekiena Place in The Bluffs at Mauna Kea, while the highest priced condo on the market is listed at $4,290,000 and can be found at the Halia Hale at Kaunaoa #6B.

At the other end of the spectrum, the lowest priced single-family home on the market Mauna Kea Resortis 62-3685 Leihulu Pl in Mauna Kea Fairways South and is listed at $1,650,000. While the lowest priced condo currently for sale is listed at $879,000 and is in Kumulani at the Uplands at Mauna Kea, Unit #J1.

The volume of homes in Mauna Kea Resort decreased dramatically in the 4th Quarter, with just 1 condo home, and no single-family homes being sold during this time from October 2018 through December 2018. With no single-family homes selling, there are only condo statistics to report.

And with just one condo selling in the 4th quarter, he highest priced condo sold, and lowest priced condo sold are the same unit. This condo sold for $1,875,000, from a list price of $1,885,000 and is Waiulaula at Mauna Kea #316.

Mauna Kea Resort
Analysis:
After a busy first half of 2018, single-family home and condo sales in Mauna Kea Resort in the second half dropped dramatically. Although inventory did not increase in this same period, the drop in sales volume has moved both the condo and single-family home markets in Mauna Kea back into a Buyers’ Market.


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. Mahalo

Highlights of the 2018 Q4 Mauna Kea Resort Update 

  • Number of single-family homes currently for sale – 12
  • Number of single-family homes currently in escrow - 1
  • Number of condos currently for sale – 10
  • Number of condos currently in escrow - 3
  • Highest priced home currently for sale – $9,995,000 62-3692 Kiekiena Pl in The Bluffs of Mauna Kea
  • Highest priced condo currently for sale - $4,290,000 Halia Hale at Kaunaoa #6B
  • Lowest priced home currently for sale – $1,650,000 62-3685 Leihulu Pl, Mauna Kea Fairways South
  • Lowest priced condo currently for sale - $879,000 Kumulani at The Uplands at Mauna Kea #J1
  • Number of homes sold in Q4 (Oct – Dec) – None
  • Number of condos sold in Q4 (Oct – Dec) – 1
  • Highest priced home sold in Q3 – None
  • Highest priced condo sold in Q3 - $1,875,000 Waiulaula at Mauna Kea #316
  • Lowest priced home sold in Q3 – None
  • Lowest priced condo sold in Q3 - $1,875,000 Waiulaula at Mauna Kea #316

If you enjoyed this update, you may like Kohala Real Estate Market Year in Review 2018.

Posted by Korby Matsen on February 9th, 2019 8:02 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 the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.

Halii Kai
There is also 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 Program can save you $1,000’s.

Waikoloa Beach ResortAt the time of this writing (Jan 5th), there were 4 single-family homes on the market in Waikoloa Beach Resort and 18 homes in escrow. The highest priced of these homes is currently listed at $5,995,000 and is located at 69-1037 Kolea Kai Circle, in the Kolea community, while the lowest price one listed at $949,000 and can be found at 69-9236 Ainamulu St, in the new development, Ainamalu at Waikoloa Beach.

In the condo arena there are currently 52 condos for sale in Waikoloa Beach Resort with 13 condos in escrow. The highest priced condo on the market is listed at $1,999,000 and is Unit #2C in Kolea Condo Villas, which is part of the Kolea community. While at the other end of the spectrum, the lowest priced condo currently available is listed at $355,000 and is Unit #231 in the Shores at Waikoloa Beach Resort.

In the 4th Quarter of 2018, there were 4 single-family homes sold in the Waikoloa KoleaBeach Resort but many of the 18 single-family homes currently in escrow are new construction homes awaiting completion in the new development, Ainamalu at Waikoloa Beach. The highest priced of the homes sold 4 homes sold is located at 69-9219 Ainamalt St. It sold for $1,215,008 from a list price of the same amount. The lowest priced home sold for $977,262 from a list price of the same amount and is located at 69-9242 Ainamalu St. All the single-family homes sold are in the new Ainamalu at Waikoloa Beach community.

Meanwhile, in this time frame between October and December, there were 21 condos sold in Waikoloa Beach Resort, and the highest priced of these is Unit 11G in Hali’i Kai, which sold for $1,200,000, from a list price of $1,299,000. While the condo with the lowest sales price went for $429,000, from a list price of the same amount and is Unit 1906 in Waikoloa Colony Villas

Waikoloa Beach Resort
Analysis:
Sales of condos in the Waikoloa Beach Resort stayed at a steady pace throughout 2018. With the amount of inventory available, we continue to be in a balanced market in both the condo and single-family home markets. By the look of the amount of homes and condos in escrow in Waikoloa Beach Resort, it appears that the positive markets will
continue into 2019.


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 you make your Hawaiian Real Estate dreams come true. Mahalo

Highlights of the Waikoloa Beach Market Update for Q4 2018

  • Number of single-family homes currently for sale – 4
  • Number of single-family homes currently in escrow - 18
  • Number of condos currently for sale – 52
  • Number of condos currently in escrow - 13
  • Highest priced home currently for sale - $5,995,000 69-1037 Kolea Kai Cir in Kolea Kai
  • Highest priced condo currently for sale - $1,999,000 Kolea Condo Villas #2C
  • Lowest priced home currently for sale – $949,000 69-9236 Ainamalu St in Ainamalu at Waikoloa Beach
  • Lowest priced condo currently for sale - $355,000 Shores at Waikoloa Beach Resort #231
  • Number of single-family homes sold in Q4 (Oct – Dec) – 4
  • Number of condos sold in Q4 (Oct – Dec) – 21
  • Highest priced home sold in Q4 – $1,216,008 69-9219 Ainamalu St in Ainamalu at Waikoloa Beach
  • Highest priced condo sold in Q4 - $1,2,000 Hali’i Kai #11G
  • Lowest priced home sold in Q4 - $977,262 69-9242 Ainamalu St in Ainamalu at Waikoloa Beach
  • Lowest priced condo sold in Q4 - $429,000 Waikoloa Colony Villas #1906

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

Posted by Korby Matsen on February 3rd, 2019 8:58 AM

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 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 The Shops at Mauna Laniclosed 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 my Vacation Rental Management Program can save you $1000’s.

Mauna Lani Resort At the time of this writing (Jan 3rd), there were 18 homes for sale, but no homes in escrow in the Mauna Lani Resort, along with 61 condos for sale, with 9 in escrow. Of the homes for sale, the highest priced one is listed at $7,690,000, and is located at 68-1052 Pauoa Way in the Pauoa Beach subdivision, while the most expensive condo on the market is listed at $3,379,000 and is Unit #A303 in the Mauna Lani Terrace community.

At the other end of the spectrum, the lowest priced home on the market is Ka Milo #18, located in Ka Milo at Mauna Lani Resort, and is listed at $1,499,000, while on the condo side, the lowest priced one currently on the market is listed at $519,000. It is Unit #I-2, in the Palm Villas at Mauna Lani.

Mauna Lani Resort When it comes to sales in the 4th Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q4 time frame of October through December 2018, there were 6 homes sold in the Mauna Lani Resort, while 13 condos were sold. The highest priced home to sell is the Residences at Laulea #7A1 and it sold for $3,912,500, from a list price of $4,400,000.


The lowest priced home sold for $1,280,000, from a list price of $1,299,000, and is Ka Milo #17, in Ka Milo at Mauna Lani.  The highest priced of the 13 condos sold is also in the Residences at Laulea, Unit #4B2, and it sold for $3,200,000, from a list price of the same amount. While the condo with the lowest sales price was Palm Villas #H-3, which sold for $525,000 from a list price of the same amount.

Mauna Lani Resort
Analysis:
The sales volume of single-family homes in Mauna Lani Resort has remained fairly constant throughout 2018 while condos sales dipped slightly in the 4th Quarter. It remains to be seen whether this is a seasonal slow down or a trend. Condo inventory, as usual, spiked in the 4th Quarter as sellers put their units on the market for the winter selling season.


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, read about other location on the Kohala Coast on my Market Update Page. Mahalo

Highlights of the Q4 2018 Mauna Lani Real Estate Update 

  • Number of homes currently for sale - 18
  • Number of homes currently in escrow - 0
  • Number of condos currently for sale – 61
  • Number of condos currently in escrow - 9
  • Highest priced home currently for sale - $7,690,000 68-1052 Pauoa Wy, in Pauoa Beach
  • Highest priced condo currently for sale - $3,379,000 Mauna Lani Terrace #A303
  • Lowest priced home currently for sale - $1,499,000 Ka Milo #18
  • Lowest priced condo currently for sale - $519,000 Palm Villas at Mauna Lani #I-2
  • Number of homes sold in Q4 (Oct – Dec) - 6
  • Number of Condos sold in Q4 (Oct – Dec) – 21
  • Highest priced home sold in Q4 - $3,912,500 Residences at Laulea #7A1
  • Highest priced condo sold in Q4 - $3,200,000 Residences at Laulea #4B2
  • Lowest priced home sold in Q4 - $1,560,000 Ka Milo #17, in Ka Milo at Mauna Lani
  • Lowest priced condo sold in Q4 - $525,000 Palm Villas #H-3

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

Posted by Korby Matsen on January 17th, 2019 9:19 AM

Kohala Coast
The Kohala Coast is the majestic area located on the west coast of the Big Island of Hawaii. The name Big Island came about as to distinguish it from the State of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the northern, more rural end of the island, which includes the small towns of Hawi and Kapa’au, as well as the Kohala Ranch neighborhoods a little farther south.

Mauna Lani Resort
South Kohala covers the 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.



The overall sales volume of single-family homes in Kohala increased marginally in 2018 over 2017, with 326 homes being sold last year and 341 sold in 2018. However, this overall increase did not happen in both parts of Kohala. In North Kohala the volume decreased by one, falling from 67 homes sold in 2017 to 66 sold in this year, but the number of single-family homes sold in South Kohala increased from 259 homes in 2017 to 275 homes sold this year. The number of condos sold in 2018 also had a healthy increase, rising from 275 units sold in 2017, to 303 units sold this year.

Pauoa BeachWhen it comes to the median sale price, single-family homes all areas of Kohala experienced an increase. North Kohala had the largest increase, rising a dramatic 19.45% from $640,000 in 2017 to $764,000 this year. The single-family homes in South Kohala had a more subdued increase, rising 5.66%, rising from $565,000 last year to $597,000 in 2018. The condo market also did well price wise, increasing an impressive 10.66% from $488,000 in 2017 to $540,000 this year.

Analysis: The sales volume and median sales price numbers on the Kohala Coast all saw an increase in every market segment. The is impressive in that 2017 was itself a pretty good year. Most communities on the Kohala Coast are in a Balanced Market (5-6 months of inventory) by varying degrees and that remained constant throughout the year. This all adds up to 2018 being an exceptional year in the Kohala Coast Real Estate Market.

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.

2018 Kohala Real Estate Market Highlights

  • No. of single-family homes sold in North Kohala – 66
  • No. of single-family homes sold in South Kohala – 275
  • No. of condo units sold in South Kohala – 303
  • Median sales price of single-family homes in North Kohala - $764,000 up 19.45% over 2017
  • Median sales price of single-family homes in South Kohala - $597,000 up 5.66% over 2017
  • Median sales price of condos in South Kohala - $540,000 up 10.66% over 2017

If you enjoyed is update, you may like Mauna Lani Resort Market Update for Q3 2018.

Posted by Korby Matsen on January 13th, 2019 11:11 AM

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 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 Mauna Lani Resort closed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurants choices, including Tommy Bahamas’ and Ruth’s Chris Steakhouse, as well as a variety of shops and boutiques, and of course, the world-class, white sand beaches await your discovery.




View all homes for sale in the Mauna Lani Resort.
Instantly find out what your Mauna Lani home is worth.

Luxury Homes For Sale in Mauna Lani Resort

68-1005 Konane Ct, Kamuela, HI 96743

Listing Details

  • Price: $5,999,000
  • Bedrooms: 5
  • Bathrooms: 5 full, 2 half
  • Sq Footage: 3,938

Mauna Lani Resort

One of the Best Locations
in Mauna Lani Resort

Mauna Lani Resort Magnificent new-construction home on one of the best lots in Mauna Lani Resort, with unobstructed views of fish ponds, a flowing stream, mountains and, of course, the Pacific Ocean. Lush low-maintenance landscaping, rare tropical fruit trees, as tranquil and private as it is beautiful. Located on the 17th Fairway of the South Course, mere steps away from the exclusive Mauna Lani Beach Club. 


You Will Love the Luxury Details This Home Has to Offer

The fabulous gourmet kitchen has both gas and electric Gaggenau cooktops, a Teppan Mauna Lani Resort grill, huge Thermador fridge, beverage cooler, two sinks and a walk-in pantry. The Great and Media Rooms have tropical grass-cloth ceilings, cove lighting and motorized blinds. The full-length pocket doors with screens open to the lanai that features a Viking grill, fridge and sink.

The Master Suite features generous master closet and bathroom with a gigantic two-person lighted waterfall Jacuzzi tub and full-body rain shower. This high-efficiency home has on-demand hot water and a 91-panel PV solar system. The 1000 sq ft, 4-car garage is wired for two electric car chargers.

A must see for anyone looking for the best of the best! 
Click Here for Complete Details

68-1013 Ke Kailani Dr, Kamuela, HI 96743

Listing Details

  • Price: $6,400,000
  • Bedrooms: 4
  • Bathrooms: 4 full, 1 half
  • Sq Footage: 4,758

Ke Kailani
Pocket Doors Open to Create the Indoor/Outdoor Hawaiian Lifestyle

Ke KailaniThis stunning luxury home in Mauna Lani Resort was architecturally designed to maximize the dramatic ocean and mountain views. Luxury features include master hand-crafted Sepella African Mahagony cabinets, doors, ceilings and outdoor trim work, large Italian granite slabs throughout kitchen, bathrooms and external wet bar. Luxurious flooring displays solid Brazilian Cherry inside and Turkish Limestone for baths, outdoor lanais and poolside elegance.

Ke KailaniThe fabulous solid Mahogany pocket doors in every room open to create the indoor/outdoor Hawaiian lifestyle. Sitting under the expansive vaulted ceilings inside and out, you look out over the gorgeous infinity edge pool to breathtaking views. All bedrooms have their own private outdoor shower garden. And the 3-car garage includes electric car charging station and multi filtration water purification system. 



Ke Kailani, the best kept luxury secret in Mauna Lani resort

Ke Kailani is the newest ocean front private gated community in Mauna Lani Resort featuring two recreation facilities that includes an oceanfront grotto with pool, spa, BBQ and entertainment pavilion, and a second amenity center that includes a conference/entertainment building, pool and fitness center.

Come live your Hawaiian dream! 
Click Here for Complete Details

Call or text Korby Matsen at 808-557-5321 to see if these properties are still available and to arrange your exclusive showing.

Posted by Korby Matsen on December 28th, 2018 11:58 AM

Kohala waterfront
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, containing the historic small towns of Hawi, Kapa’au, and the Kohala Ranch communities.

Mauna Lani ResortSouth Kohala is just south of Kohala Ranch and contains 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.

The number of single-family homes sold in Kohala in November 2018 was down Mauna Kea Resortmarginally over November 2017, with 30 homes selling in November 2017, while 22 homes were sold this November. This drop-in sales volume happened in both parts of Kohala. In South Kohala, the volume decreased from 25 homes to 18, and in North Kohala there was a slight decrease of one home, from 5 homes down to 4. The number of condos sold also decreased slightly in November 2018 over last November, from 21 to 16 units.  


Despite the November monthly number of single-family homes sold being down, the Halii Kaioverall year-to-date volume increased in 2018 over 2017, with 296 homes being sold by this time last year and 314 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 2017, to 58 sold homes this year and South Kohala increasing from 234 homes last year to 238 homes sold in 2018. The number of condos sold year-to-date was also a bright spot, rising from 228 units sold in 2017, to an encouraging 259 units sold this year.
 

Even with the sales volume of homes in Kohala decreasing in November 2018 from Kohala CoastNovember 2017 in all market segments, the change in median sales price was up all around. The median sale price in South Kohala increased a healthy $106,295, from $539,000 in November 2017 to $645,295 in November of this year, while in North Kohala the median sales price increased at more restrained amount, from $364,500 in November 2017 to $382,250 this November. The condo market also experienced a dramatic median price increase, with the November 2018 median sales price increasing to $522,000 from $400,000 in November 2017.

Big Island MapThe year-to-date numbers in November 2018 also experienced the increases that the monthly numbers enjoyed. The year-to-date median sales price of single-family homes in North Kohala had the most dramatic increase, rising 20.31% from $645,000 in 2017 to $776,000 this year. The median price of single-family homes in South Kohala had a more modest increase, rising 6.19% from $561,250 in 2017 to $596,000 this year, while the condo market also enjoyed at a slight increase, rising 8.75% from $480,000 last year to $522,000 in 2018.

Analysis:  Although the November monthly sales volumes are down slightly, the year-to-date numbers are ahead of the 2017 numbers in all market segments. The Kohala Coast real estate market continues to be in a balanced market.
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.

November 2018 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala – 4
  • No. of single-family homes sold in South Kohala - 18
  • No. of condo units sold in Kohala – 16
  • YTD No. of single-family homes sold in North Kohala – 60
  • YTD No. of single-family homes sold in South Kohala – 254
  • YTD No. of condo units sold in Kohala - 276
  • Median sales price of a single-family home in North Kohala - $381,250
  • Median sales price of a single-family home in South Kohala - $645,295
  • Median sales price of a condo in Kohala - $522,000
  • 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 - $596,000
  • YTD median sales price of a condo in Kohala - $522,000

If you enjoyed this update, you may like Mauna Lani Resort Real Estate Update for Q3 2018.

Posted by Korby Matsen on December 22nd, 2018 2:41 PM

Pololu Vally Lookout
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.

The 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.

Hawi Farmers Market
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 (Dec 1st), there were 54 single-family homes for sale in the North Kohala area and 9 homes in escrow. There are no condos located in North Kohala, so we do not have statistics for them, but raw land is plentiful. There are currently 119 land lots for sale and 7 lots in escrow.

Of the homes for sale in North Kohala, the highest priced one is listed at $4,750,000, North Kohala Homeand is located at 55-3287 Hoea Makai Rd in Hawi. At the other end of the spectrum, the lowest priced home on the market is located at 53-3991 Kii Place in Kapa’au and is listed at the low price of $349,000. The highest priced land lot for sale is a 498-acre lot in Honomakua Subdivision and priced at $18,500,000, while the lowest priced one is a 14,398 sq ft lot in Hawi Village priced at $143,000.



Sales in the Q3 time frame of July through September 2018 were down significantly over the past few quarters. There were just 9 single-family homes sold in North Kohala during this time. The highest priced home to sell is located at 59-116 Lauipala North KohalaPlace, in the Kohala Waterfront subdivision. It was listed at $4,795,000 and sold for $4,700,000. The lowest priced single-family home to sell in North Kohala was listed at $299,000 and sold for $289,150. It is located at 54-2452 Kynnersley Rd, in Kapa’au.

In the North Kohala raw land market, there were 9 lots sold in Q3. The highest priced one to sell is a 28,428 sq ft lot in Kohala Waterfront that sold for $2,100,000 from a list price of $2,200,000. The lowest priced lot to sell was a 27,000 sq ft lot in Kapa’au Village. It sold for $175,000 from a list price of $195,000.

North Kohala
Analysis:
After three quarters of brisk sales in North Kohala, the single-family home sales volume was cut in half in Q3, with land lot sales staying somewhat the same. Unlike other areas of the Kohala Coast, North Kohala still has plenty of inventory in single-family homes, as well as land lots, keeping it firmly in a Buyers’ Market.


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 2018 Q3 Market Update

  • Number of Homes currently for sale – 54
  • Number of homes currently in escrow – 9
  • Number of land lots for sale – 119
  • Number of land lots in escrow - 7
  • Highest priced home for sale – $4,750,000 – 55-3287 Hoea Makai Rd
  • Lowest priced home for sale – $349,000 – 553-3991 Kii Place
  • Highest priced land lot for sale - $18,500,000 - 498 Acres, Honomakua Subd
  • Lowest priced land lot for sale - $143,000 – 14,898 sq ft. Hawi Village
  • Number of homes sold in Q3 (July – Sept) -9
  • Number of land lots sold in Q3 (July – Sept) - 9
  • Highest priced home sold in Q3 – $4,700,000 59-116 Lauipala Pl, Kohala Waterfront
  • Lowest priced home sold in Q3 – $289,000 – 5492425 Kynnersley Rd, Japaa
  • Highest priced land lot sold in Q3 - $2,100,000 – 59-117 Pakuikui Pl, Kohala Waterfront
  • Lowest priced land lot sold in Q3 - $175,000 – 27,000 sq ft, Kapaau Village

If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q3 2018.

Posted by Korby Matsen on December 16th, 2018 9:58 AM

Mauna Lani Resort
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.

North Kohala
Kohala is made up of two regions, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island, including the small towns of Hawi and Kapa’au, as well as the Kohala Ranch
 communities farther south.



South Kohala
covers the 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 number of single-family homes sold in October 2018 on the Kohala CoastKohala Coast decreased substantially from last October, with 24 homes selling in October 2018, down from 31 homes last year. That decrease was felt in both South Kohala, with 19 single-family homes selling, down from 25, and North Kohala, with 5 homes selling, down from 6 homes. The condo market also experienced a decrease, dropping from 26 units sold in October 2017 to 17 units this October.  

Mauna Lani Resort


Although there was a decrease in sales volume in October 2018, the overall year-to-date sales volume on the Kohala Coast is up in all market segments in 2018, with 292 single-family homes being sold this year, up considerably from the 266 homes sold this time last year.



The number of single-family homes in North Kohala increased slightly from 53 homes sold by this time last year to 56 homes this year, and South Kohala saw even bigger gains, with the number of single-family homes rising from 213 homes last year to 236 homes sold this year. The number of condos sold year-to-date also enjoyed a healthy increase, up 22 units to 260 units sold this year from 238 units sold in 2017.

Mauna Kea ResortThe 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 $835,000 in October 2017 to $1,169,000 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 North Kohala.



The South Kohala median sales price in October 2018 however, saw a slight decrease, dropping to $580,000 this year from $608,000 in October 2017. The condo market median sales price enjoyed the largest gains, rising from $381,000 in October 2017 to $508,000 this year.

Even with the mixed bag of numbers in October’s median sales price, all market Big IslAND Mapsegments experienced an increase in their year-to-date numbers. Single-family homes in North Kohala had the largest increase in their year-to-date median sales price, increasing a dramatic 26.92% from $650,000 in 2017 to $825,000 this year, while the single-family homes in South Kohala had a more modest increase of 5.31%, going from $565,000 in 2017 to $595,000 this year. The condo market also experienced a modest increase in its year-to-date median sales price, rising 8.19% from $482,000 in 2017 to $522,000 this year.

Analysis: The Kohala Coast real estate market continues to move upwards at a steady pace in all categories. With the brisk, steady sales throughout 2018, the excess inventory we had a few years ago is long gone, with us now firmly in a balanced market. Other than the wild fluctuations experienced in North Kohala, the median sales price on the Kohala Coast has experienced a steady 5% to 6% annual appreciation.   
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 2018 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 Kohala - 17
  • YTD No. of single-family homes sold in North Kohala – 56
  • YTD No. of single-family homes sold in South Kohala – 236
  • YTD No. of condo units sold in Kohala - 260
  • Median sales price of a single-family home in North Kohala - $1,169,000
  • Median sales price of a single-family home in South Kohala - $580,000
  • Median sales price of a condo in Kohala - $508,000
  • 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 - $595,000
  • YTD median sales price of a condo in Kohala - $522,000

If you enjoyed this update, you may like Mauna Kea Resort Update for Q3 2018.

Posted by Korby Matsen on December 1st, 2018 11:25 AM

Fairway Villas
Waikoloa Village is a 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
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 makes for 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 Home
Discover how my Vacation Rental Mgt Program can save you $1,000’s.

Waikoloa VillageAt the time of this writing (Oct 10th), there were 20 single-family homes for sale with 3 in escrow, and 13 condos for sale with 8 in escrow, in Waikoloa Village. Of the homes for sale, the highest priced one is located at 68-1891 Kawika Place, and is priced at $899,000, while the highest priced condo on the market is listed at $729,000 and is located at The Pointe at Waikoloa, Unit 12. 


At the other end of the spectrum, the lowest priced home on the market is located at 68-3630 Lahilahi St and is listed at the low price of $399,000. While the lowest priced condo currently on the market is listed at $189,000 and is Unit E205 in Fairway Terrace.

Waikoloa VillageWhen it comes to sales in the 3rd Quarter, the number of single-family homes sold was a quite a bit higher than the number of condos sold. In the time from July 2018 through September 2018 there were 36 single-family homes sold in Waikoloa Village, while 22 condos were sold. Of the homes sold, the highest priced one is located at 68-3907 Kaulele Pl and sold for $699,000, from a list price of $699,900, while the highest priced condo sold for $385,000 from a list price of $399,000 and is # A303 at Waikoloa Fairways.

The lowest priced single-family home to sell during the 3rd Quarter in Waikoloa Village is located at 68-3519 Iwikuamoo Dr and had a sale price of $285,000, from a list price of the same amount. In the condo market, the one with the lowest sale price went for $160,000 from a list price of the same amount, and it is located in, once again, in the Fairway Terrace, Unit E104.

Analysis: The sales volume of single-family homes and condos in Waikoloa VillageWaikoloa Village has remained fairly constant throughout 2018. Although the amount of inventory is substantially lower than it was in 2017, and we are now in a Sellers’ Market, the amount of inventory seems to be levelling off at these new lower levels. Whether that remains the same, or we enter into an even lower inventory market as we enter the winter selling season, remains to be seen.



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 2018 Q3 Waikoloa Village Update 

  • Number of single-family homes currently for sale – 20
  • Number of single-family homes currently in escrow - 3
  • Number of condos currently for sale – 13
  • Number of condos currently in escrow - 8
  • Highest priced single-family home currently for sale – $899,000 68-1891 Kawika Place
  • Highest priced condo currently for sale - $729,000 The Pointe at Waikoloa #12
  • Lowest priced single-family home currently for sale – $399,000 68-3630 Lahilahi St
  • Lowest priced condo currently for sale - $189,000 Fairway Terrace #E205
  • Number of single-family homes sold in Q3 (July – Sept) – 36
  • Number of condos sold in Q3 (July – Sept) – 22
  • Highest priced single-family home sold in Q3 – $699,000 68-3907 Kaulele Pl
  • Highest priced condo sold in Q3 - $385,000 Waikoloa Fairways #A303
  • Lowest priced single-family home sold in Q3 – $285,000 68-3519 Iwikuamoo Dr
  • Lowest priced condo sold in Q3 - $160,000 Fairway Terrace #E104

If you enjoyed this update, you may like Mauna Kea Resort Real Estate Update for Q3 2018.

Posted by Korby Matsen on November 18th, 2018 11:28 AM

Archives:

My Favorite Blogs:

Sites That Link to This Blog: