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Kohala Coast Real Estate News

North Kohala Real Estate Market Update Q2 2016

September 16th, 2016 5:25 PM by Korby Matsen


North Kohala is the 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 turnaraound 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.

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.

Search all homes for sale in the North Kohala by visiting my Home Search Page.
Find out what your Kohala Coast is worth by visiting my Home Valuation Page.

At the time of this writing (Sept 15th), there were 61 homes for sale in the North Kohala area. There are no condos located in North Kohala.  Of these homes for sale, the highest priced one is listed at $10,500,000, and is located at 68-3083 Puakea Bay Dr in the Puakea Bay Ranch community. At the other end of the spectrum, the lowest priced home on the market is located at 55-692 Hawi Rd, just up the street from Downtown Hawi, a definite “fixer upper” at the low price of $300,000.

Sales in the 2nd Quarter remained steady in North Kohala. In the Q2 time frame of April through June 2016 there was 17 home sold in North Kohala. The highest priced home to sell is located at 59-1676 Kohala Ranch Rd, in the Kohala Ranch subdivision. It was listed at $2,675,000 and also sold for $2,675,000 on May 3rd, 2016. The lowest priced home to sell in North Kohala was listed at $303,000 and sold for $295,000 on May 20th, 2016. It is located at 55-561 Hawi Rd, located just north of Downtown Hawi.

Analysis: With 52 homes on the market, and homes selling at a steady rate of 5 – 6 per month, there is a lot of inventory to be absorbed. Making this a Buyer’s Market  for the foreseeable future.

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 come true.

Highlights of the North Kohala Q2 Market Update

  • Number of Homes currently for sale – 52
  • Highest priced home currently for sale – $10,500,000 – 56-3083 Puakea Bay Dr, Puakea Bay Ranch
  • Lowest priced home currently for sale – $300,000 -55-692 Hawi  Rd, Hawi
  • Number of homes sold in Q2 (Apr – Jun) – 17
  • Highest priced home sold in Q2 – $2,675,000 59-1676 Kohala Ranch Rd,  Kohala Ranch
  • Lowest priced home sold in Q2 – $295,000 - 55-561 Hawi Rd, Hawi

 

 


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