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Kohala Coast Real Estate News

Kohala by the Sea
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 differentiate 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. 

Tommy Bahamas
South Kohala
contains the world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resort’s, 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 July 2019 in Kohala had a slight increase over July 2018, with 35 homes selling in July of this year, up from 31 homes selling in Mauna Lani Resort July 2018. That increase in sales volume was felt in both the South Kohala market, as well as North Kohala.

The South Kohala market had an sales increase from 27 single-family homes sold in July 2018 to 28 homes this July, while in North Kohala, the number of homes sold increased from 4 homes to seven. The number of condos sold in July also experienced an increase, rising substantially from 14 units last year to 23 units in July of this year.  

This increase in the monthly numbers did not help to improve the year-to-date sales volume. There have been 194 single-family homes sold so far this year, down from Mauna Lani Resort 214 homes sold by this time in 2018.  The North Kohala year-to-date number is below the 46 homes sold in 2018, with 38 homes being sold this year. 

The South Kohala sales volume also has not caught up to the 2018 number, with 156 single-family homes selling this year, down from the 168 homes sold last year. The number of condos sold year-to-date continues to be a bright spot, with 194 units sold this year, up slightly from the 185 units sold in 2018.


Even with the increase in sales volume of single-family homes in July 2019 over July 2018 in both North and South Kohala, only South Kohala saw an increase in theVillages at Mauna Lani monthly median sales price. The median sale price in South Kohala increased marginally from $533,000 in July 2018 to $590,000 in July of this year, while in North Kohala, the median sales price in July 2018 decreased by a staggering $267,500, from $672,500 in July 2018 to $405,000 this July. This type of a wild swing in median sales price can be expected when dealing with very few sales. The condo market also experienced a slight downturn in price, with the July 2019 median sales price dropping to $513,500 from $519,000 in July 2018.

The year-to-date median sales price numbers were all negative this month, with North Ke KailaniKohala having a less dramatic change than the monthly number. North Kohala’s median year-to-date sales price went down a slight 1.82%, from $825,000 in 2018 to $810,000 this year. Meanwhile, South Kohala also felt a subtle downward change, with its median sales price dropping 1.11% from $599,000 in 2018 to $592,350 this year, while the condo market also had a similar downward change, dropping 1.06%, from $519,500 in 2018 to $513,000 this year.


Analysis:
Although the monthly sales volume numbers are up, the overall year-to-date numbers are down in all markets. Combine that with the slight drop in year-to-date median sales price in all markets, and in appears the market may be slowing down slightly. We will have to see in the coming months whether it is a pause, or a pattern.

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.

July 2019 Kohala Coast Market Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 28
  • No. of condo units sold in South Kohala - 23
  • YTD No. of single-family homes sold in North Kohala – 38
  • YTD No. of single-family homes sold in South Kohala – 156
  • YTD No. of condo units sold in South Kohala - 194
  • Median sales price of a single-family home in North Kohala - $405,000
  • Median sales price of a single-family home in South Kohala - $590,000
  • Median sales price of a condo in South Kohala - $513,000
  • 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 - $592,350
  • YTD median sales price of a condo in South Kohala - $513,000           

If you enjoyed this update, you may like Waikoloa Village Market Update for Q2 2019.

Posted by Korby Matsen on September 1st, 2019 1:27 PM

Mauna Kea Resort
Mauna Kea Resort is a beautiful 1,839-acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Westin Hapuna Beach Resort.  These hotels are located along some of the most pristine white sand beaches in all of Hawaii.

The luxurious homes located in Mauna Kea Resort are second to none, with everything Mauna Kea Resortfrom private oceanfront estates to condos with sweeping ocean views.  The Mauna Kea Resort also offers its resident’s access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants include Number 3, the Hua Tree Lanai, the Copper Bar, Clambake and the Manta & Pavilion Wine Bar.



Search all homes for sale in the Mauna Kea Resort. Instantly find out what your Mauna Kea Home is worth. Discover more about my Vacation Rental Management Program.

Mauna Kea ResortAt the time of this writing (Aug. 2nd), there were 7 single-family homes for sale and one in escrow in the Mauna Kea Resort, with 4 condos for sale and 2 in escrow. Of the homes for sale, the highest priced one on the market has recently been reduced to $9,995,000, and is located at 62-3692 Kiekiena Pl, in the Bluffs at Mauna Kea community, while the highest priced condo on the market is listed at $1,249,000 and is Unit #I101 in Waiulaula at Mauna Kea.

Mauna Kea ResortAt the other end of the spectrum, the lowest priced single-family home for sale in Mauna Kea Resort is located at 62-3997 Moani Pikake Ct, in Moani Heights and is listed at $1,975,000, while the lowest priced condo on the market is priced at $789,000 and is Unit J1 in Kumulani at the Uplands at Mauna Kea.

Sales volume has jumped up in the Mauna Kea Resort, with 6 single-family homes and 4 condos being sold in the 2nd quarter of 2019. In this time from April 2019 through June 2019, the highest priced home sold is located at 62-3460 Aloalii Pl, in the Mauna Kea Fairways North community and sold for $3,225,000 from a list price of the same amount.

Mauna Kea Resort
The lowest priced home sold for $1,650,000 from a list price of the same amount, and is located at 62-3685 Leihulu Pl, in Mauna kea Fairways South. In the condo market, the highest priced condo to sell during the 2nd quarter sold for $2,500,000 from a list price of $2,700,000 and is Unit #10A in Halia Hale at Kaunaoa, while the lowest priced condo sold for $837,000 from a list price of $879,000 and is Unit #14 at Kumulani at the Uplands at Mauna Kea.

Analysis: After three quarters of no single-family home sales, the sales volume in the Mauna Kea Resort rebounded significantly. Condo sales have also come back in 2019 after a slow second half of 2018. It is safe to say that Mauna Kea Resort is currently in a low inventory environment, so it well be tough to sustain these increased sale volumes.

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

Highlights of the Q2 2019 Mauna Kea Market Update 

  • Number of single-family homes currently for sale – 7
  • Number of single-family homes currently in escrow - 2
  • Number of condos currently for sale – 4
  • Number of condos currently in escrow - 2
  • Highest priced home currently for sale – $9,995,000 - 62-3692 Kiekiena Place, Bluffs at Mauna Kea
  • Highest priced condo currently for sale - $1,249,000 Waiulaula at Mauna Kea #J101
  • Lowest priced home currently for sale – $1,975,000 - 62-3997 Moani Pikake Ct, Moani Heights
  • Lowest priced condo currently for sale - $789,000 Kumulani at the Uplands at Mauna Kea
  • Number of homes sold in Q2 (Apr – Jun) – 6
  • Number of condos sold in Q2 (Apr – Jun) – 4
  • Highest priced home sold in Q2 – $3,225,000 – 62-3460 Aloalii Pl, Mauan Kea Fairways North
  • Highest priced condo sold in Q2 - $2,500,000 Halia Hale at Kaunaoa #10A
  • Lowest priced home sold in Q2 – $1,650,000 62-3685 Leihulu Pl, Mauna Kea Fairways South
  • Lowest priced condo sold in Q2 - $837,000 Kumulani at the Uplands at Mauna Kea #J1

 If you enjoyed this update, you might like Kohala Market Update for June 2019.

Posted by Korby Matsen on August 4th, 2019 2:13 PM

Mauna Lani Resort
Mauna Lani is a beautiful resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront homes to secluded condos, there is something for every discerning buyer.

Tommy Bahamas
The Mauna Lani Resort also offers its residents two Championship Golf Courses, the Mauna Lani Beach Club, and a Spa and Fitness Center. 
Also, within the resort are two luxury hotels, the Auberge Resorts (currently closed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. 

Ka Milo at Mauna Lani

The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.



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

This list illustrates how much condo prices have ridden in the last year. All the condos on this list were priced under $500,000, while currently there are no condos under $500,000 and only one under $550,000.

Here are the five lowest priced condos sold in the Mauna Lani Resort in 2018:

Golf Villas
5) 68-1122 Na Ala Hele Rd, #A3 – located in Golf Villas at Mauna Lani

     Sold 5/17/2018 for $505,000 from a list price of $529,000

Golf Villas

4) 68-1122 Na Ala Hele Rd, #H3 – located in Golf Villas at Mauna Lani

     Sold 3/9/2018 for $500,000 from a list price of $515,000

Palm Villas at Mauna Lani

3) 68-1376 S Pauoa Rd, #E-21 – located in Palm Villas at Mauna Lani

     Sold 7/31/2018 for $460,000 from a list price of $495,000

Palm Villas at Mauna Lani

2) 68-1376 S Pauoa Rd, #A-2 – located in Palm Villas at Mauna Lani

     Sold 3/9/2018 for $445,000 from a list price of $476,000

And the lowest price condo to sell in the Mauna Lani Resort in 2018 was:

Palm Villas at Mauna Lani

1) 68-1122 S Pauoa Rd, #D-21 – located in Palm Villas at Mauna Lani

     Sold 3/29/2018 for $430,000 from a list price of $475,000

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

Posted by Korby Matsen on July 28th, 2019 2:07 PM

Puako 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 differentiate 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.  

Fairmont Orchid Hotel
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.

Ka Milo at Mauna Lani
The number of single-family homes sold in June 2019 in Kohala decreased considerably over the impressive sales volume of June 2018, with 22 homes selling in June of this year, down from 38 homes selling in June 2018. That large decrease in sales volume was felt in both parts of Kohala, but more so in South Kohala.

North Kohala saw 7 homes sold in June 2019, down slightly from the 9 homes sold in June 2018, but South Kohala fell substantially from 29 homes sold in June 2018 to 17 Kohala Waterfronthomes this June. The number of condos sold in June 2019 also fell year over year, with 24 units being sold this June, down slightly from 28 units in June 2018.

This substantial drop in sales volume for June helped to contribute to the drop in the year-to-date sales volume in 2019, which is well off the 2018 numbers. There have been 157 single-family homes sold so far this year, a big drop from the 183 homes that sold by this time in 2018.  

Mauna Lani Resort Both parts of Kohala have felt this year-to-date volume decrease, with North Kohala seeing 31 homes sold in 2019, down from the 42 homes sold in 2018. In South Kohala the sales volume has decreased by 15 homes, with 126 homes selling this year, down from the 141 homes sold last year, and the number of condos sold year-to-date also saw a small decrease, with 169 units selling this year, down from 171 units sold in 2018.

Along with the drop in sales volume of single-family homes in June 2019 over June Spencer Beach2018 in Kohala, the fall in median sales price also happened in most markets. The median sale price in the South Kohala and condo markets both fell, with South Kohala falling from $557,000 in June 2018 to $540,000 in June of this year, while the condo market fell from $650,000 in June 2018 to $478,750 in June of this year. The only market to see an increase in the median sales price was North Kohala, where the median sales price in June 2019 increased to $691,945 from $657,750 in June 2018.

Big Island StatsAs with the decrease in the monthly median sales price for homes in Kohala, all the markets year-to-date median sales price numbers reflected their monthly numbers. The median year-to-date sales price in North Kohala saw the only increase, rising 24%, from $825,000 in 2018 to $1,023,000 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 decreasing a mere 1.17% from $600,000 in 2018 to $593,000 this year, while the condo market had a similar decrease, falling 1.71%, from $525,000 in 2018 to $516,000 this year.

Analysis: Although the monthly sales volume in Kohala as been higher in some months over their 2018 counterparts, the overall year-to-date number is down quite a bit from the 2018 numbers. The same could be said for the median sales price numbers, as they were mixed from month-to-month, but down overall for the year. This may have been caused by a combination of 2017 being a really good year and a nationwide slowdown in the real estate market. The question is, how long will the slowdown continue.
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 2019 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 - $691,945
  • Median sales price of a single-family home in South Kohala - $540,000
  • Median sales price of a condo in South Kohala - $478,750
  • YTD median sales price of a single-family home in North Kohala - $1,023,000
  • YTD median sales price of a single-family home in South Kohala - $593,000
  • YTD median sales price of a condo in South Kohala - $516,000           

If you enjoyed this update, you may like the Mauna Lani Resort Market Update for Q2 2019.

Posted by Korby Matsen on July 21st, 2019 2:54 PM

Waikoloa Beach Resort

Waikoloa Beach Resort
is a beautiful, world-class resort located on the west coast of the Big Island of Hawaii. This 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.

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


View all homes for sale in the Waikoloa Beach Resort. Instantly find out the value of your Waikoloa Beach Resort Home. Discover how my V
acation Rental Management Program can save you $1000’s.

Waikoloa Beach Resort
At the time of this writing (July 7th), there were 4 single-family homes on the market and 10 homes in escrow in the Waikoloa Beach Resort, while 42 condos were for sale and 8 were in escrow. Of the homes for sale in the Waikoloa Beach Resort, the highest priced one is a waterfront home, newly listed at $15,950,000, located at 69-0008 Naukapa Place in the Naukapa community.


The least expensive home on the market is located at 69-9229 Anaole St, in Waikoloa Beach Resort’s newest development, Ainamalu at Waikoloa Beach. It is listed at $2,600,000. In the condo market, the highest price condo currently available is listed at The Shores at Waikoloa$1,390,000 and is Unit #12A in Kolea Condo Villas. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $360,000 and is Unit #137 in The Shores at Waikoloa Beach Resort.






In the 2nd Quarter of 2019, there were 5 single-family homes sold in the Waikoloa Beach Resort, and of the homes sold, the highest priced one sold for
$1,295,000, from a list price of the same amount. It is located at 69-1543 Anaole St, while the lowest priced one is located at 69-9227 Ainamalu St and sold for at $949,000, also from a list Halii kaiprice of the same amount. Both homes are in the new Ainamula at Waikoloa Beach development.

In the condo market of Waikoloa Beach Resort, the Q2 time frame between April and June 2019 saw 33 condos sell. The highest priced of these was Unit 13E in Kolea Condo Villas and it sold for $1,475,000, from a list price of $1,675,000. While the condo with the lowest sales price went for $320,000, from a list price of $380,000. It is Unit 103, located in The Shores at Waikoloa Beach Resort.

Analysis: After a pretty steady rate of condo sales throughout 2018, Q2 of 2019 experienced over a 50% surge in condo sales in the Waikoloa Beach Resort. This led to a small decrease in available condo inventory, but not to the point of causing an inventory shortage. With the sales rate of single-family homes remaining constant, it remains to be seen if this surge in condo sales will continue.  .

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 a reality. You can read more updates about other areas of the Kohala Coast on the Market Update Page of my website. Mahalo

Highlights of the Q2 2019 Waikoloa Beach Market Update

  • Number of single-family homes currently for sale - 4
  • Number of single-family homes currently in escrow - 10
  • Number of condos currently for sale – 42
  • Number of condos currently in escrow - 8
  • Highest priced home currently for sale - $15,950,000   69-008 Naukapa Place
  • Highest priced condo currently for sale - $1,390,000 Kolea Condo Villas #12A
  • Lowest priced home currently for sale – $2,600,000 69-9229 Anaole St in Ainamalu at Waikoloa
  • Lowest priced condo currently for sale - $360,000 Shores at Waikoloa Beach Resort #137
  • Number of homes sold in Q2 (Apr – June) – 5
  • Number of condos sold in Q2 (Apr – June) – 33
  • Highest priced home sold in Q2 – $1,295,000 – 69-1543 Anaole St in Ainamaul at Waikoloa
  • Highest priced condo sold in Q2 - $1,475,000 - Kolea Condo Villas #13E
  • Lowest priced home sold in Q2 – $949,300 - 69-9227 Ainamalu St in Ainamalu at Waikoloa
  • Lowest priced condo sold in Q2 - $320,000 - Shores at Waikoloa Beach Resort #103

If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q2 2019.

Posted by Korby Matsen on July 14th, 2019 2:57 PM

Mauna Lani Point
Mauna Lani is a magnificent resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront estates to secluded luxury condos, there is a type of home for every discerning buyer. 

Pauoa Beach
The Mauna Lani Resort offers its residents two Championship Golf Courses, the exclusive Mauna Lani Beach Club, and a Spa and Fitness Center. 
Also, within the resort are two luxury hotels, Auberge Resorts (currently closed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options.

The Shops at Mauna Lani

The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.


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

At the time of this writing (July 1rd), there were 15 single-family homes for sale and 1 Ka Milo at Mauna Lanihome in escrow within the Mauna Lani Resort, with 43 condos for sale and 7 in escrow. Of the single-family homes for sale, the highest priced one is listed at $8,500,000, and is located at 68-1026 Honokaope Pl in the 49 Black Sand community, while the highest priced condo on the market is in the Residences at Laulea, Unit 1B2R and is listed at $3,300,000
 
At the other end of the spectrum, the lowest priced single-family home on the market is at 68-1122 N Kaniku Dr #402, in Ka Milo at Mauna Lani and is listed at
$1,050,000. On the condo side, the lowest priced one currently listed is Unit #B-2 in Palm Villas at Mauna Lani and is priced at $519,000.

When it comes to sales in 2nd Quarter, the number of condos sold in Mauna Lani Mauna Lani Resort resort was, as usual, quite higher than the number of homes sold. In the Q2 time frame of April 2019 through June 2019 there were 6 homes sold in the Mauna Lani Resort, while 23 condos were sold. Of the 6 homes that sold, the highest priced one is located at 68-1051 Honokaope Pl in the 49 Black Sand community, and it sold for $2,850,000 from a list price of the same amount, while the lowest priced home to sell was 68-1122 N Kaniku Dr #309 in Ka Milo at Mauna Lani.

It sold for $1,650,000 from a list price of $1,695,000. The highest priced of the 23 condos sold in Q2 was
Mauna Lani Terrace A303, and it sold for $3,279,000 from a list price of  $3,379,000,  while the condo with the lowest sales price went for $510,000 from a list price of $519,000 and is Unit #I-2 in the Palm Villas at Mauna Lani.

Analysis: After two quarters of slowing sales and rising inventories, the Mauna Lani Resort market is back to the robust numbers we saw in early to mid-2018. It remains to be seen if this rebound is an aberration, or the beginning of a trend.

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


Highlights of the Q2 2019 Mauna Lani Resort Market Update 

  • Number of single-family homes currently for sale – 15
  • Number of single-family homes currently in escrow- 1
  • Number of condos currently for sale – 43
  • Number of condos currently in escrow - 7
  • Highest priced home currently for sale – $8,500,000 68-1026 Honokaope Pl in 49 Black Sand
  • Highest priced condo currently for sale - $3,300,000 Residences at Laulea #1B2R
  • Lowest priced home currently for sale – $1,050,500 68-1122 N Kaniku Dr #402 in Ka Milo at Mauna Lani
  • Lowest priced condo currently for sale - $519,000 Palm Villas #B-2
  • Number of single-family homes sold in Q2 (Apr – Jun) – 6
  • Number of Condos sold in Q2 (Jan – Mar) – 23
  • Highest priced single-family home sold in Q2 – $2,850,000 – 68-1051 Honokaope Pl in 49 Black Sand
  • Highest priced condo sold in Q2 - $3,279,000 – Mauna Lani Terrace #A303
  • Lowest priced single-family home sold in Q2 - $1,650,000 – 68-1122 N Kaniku Dr #309 in Ka Milo
  • Lowest priced condo sold in Q2 - $510,000 Palm Villas at Mauna Lani #I-2

If you enjoyed this update, you may like Kohala Real Estate Market Update for April2019.

Posted by Korby Matsen on July 5th, 2019 2:41 PM

Puako Beach
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 differentiate it between the State of Hawaii and the Island of Hawaii.

Maui
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. 

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

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

The number of single-family homes sold in May 2019 in Kohala increased Mauna Lani Resort significantly over last May, with 42 homes selling in May this year, up from 34 homes selling in May 2018. The increase in sales volume was felt in both in North and South Kohala, with the South Kohala total rising from 31 homes sold in May 2018 to 35 homes sold in May this year, while the volume in North Kohala increased from 3 homes sold last May to 7 homes this year. The number of condos sold year over year in May also had a slight increase this year, increasing to 30 units this year from 29 units last May.  

Mauna Lani pointDespite the overall monthly number increasing, the year-to-date volume was down in all markets except condos, with 135 single-family homes being sold this year, down from 145 homes being sold by this time in 2018.  The sales volume decrease in South Kohala was very slight, with the number dropping from 112 homes sold last year to 111 homes selling this year.

The North Kohala decrease was somewhat more significant, with 24 homes sold this year, down from 33 homes sold last year. The number of condos sold year-to-date also experienced a slight decrease, falling by 2 homes, from 145 units sold last year, to 143 units sold in 2019.

Waikoloa Beach ResortAlthough the monthly sales volume of single-family homes sold in May 2019 was up in all markets compared to May 2018 in Kohala, the change in median sales price was mixed. The median sale price in South Kohala was the only segment to see a decrease, falling from $575,000 in May 2018 to $570,000 in May of this year, while in North Kohala, the median sales price in May 2018 increased from $600,000 to $635,000 this year. The condo market also saw an increase, with the May 2019 median sales price rising to $530,000, from $505,000 in May 2018.

The changes to the year-to-date median sales prices mirrored the monthly numbers. The only segment to see a decrease was the single-family home market in South Kohala, which fell a slight 1.37%, from $622,000 in 2018, to $614,000 this year.
Big Island Map
The median year-to-date sales price in the condo market went in the other direction, rising a moderate 4.21%, from $499,000 in 2018 to $520,000 this year. The North Kohala experienced the largest change for its year-to-date median sales price, increasing a healthy 10.96% from $853,000 in 2018 to $946,000 this year.

Analysis: The monthly sales volume of single-family homes as been mixed from month to month, but when you add it up, the year-to-date numbers are down. This slight decrease contrasts the condo year-to-date numbers, which have held steady. The median sales price numbers have also been very mixed, but overall, the single-family median home prices have decreased slightly, and the condo median price numbers have increased slightly. The overall market seems to be very indecisive at this point in the season.
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.

May 2019 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala -7
  • No. of single-family homes sold in South Kohala - 35
  • No. of condo units sold in South Kohala - 30
  • YTD No. of single-family homes sold in North Kohala -24
  • YTD No. of single-family homes sold in South Kohala - 111
  • YTD No. of condo units sold in South Kohala - 145
  • Median sales price of a single-family home in North Kohala - $635,000
  • Median sales price of a single-family home in South Kohala - $570,000
  • Median sales price of a condo in South Kohala - $530,000
  • YTD median sales price of a single-family home in North Kohala - $946,000
  • YTD median sales price of a single-family home in South Kohala - $614,000
  • YTD median sales price of a condo in South Kohala - $520,000

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

Posted by Korby Matsen on June 29th, 2019 9:36 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 a home or condo for every discerning buyer. 

The Shops at Mauna Lani

The Mauna Lani Resort offers its residents two Championship Golf Courses, the Mauna Lani Beach Club, a Spa and Fitness Center and two Luxury Hotels. The Shops at Mauna Lani provide plenty of shopping and restaurants choices, including Tommy Bahamas and Ruth’s Chris Steakhouse.



And of course, miles of world-class, white sand beaches are yours to enjoy. Whether you are looking for a full-time residence, a vacation home, or a vacation rental to invest in, the Mauna Lani Resort has a variety of options to suit every taste.

Mauna Lani Resort

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 $1,000’s.





Here are the five most expensive homes that sold in the Mauna Lani Resort in 2018:

Ka Milo at Mauna Lani

5) 68-1122 N Kaniku Dr, #323 – Ka Milo at Mauna Lani

     Sold on 7/5/2018 for $2,190,000 from a list price of $2,289,500


Champion Ridge

 

4) 68-129 Pukaua Pl – Champion Ridge at Mauna Lani

     Sold on 12/17/2018 for $2,400,000 from a list price of $2,525,000


49 Black Sand

3) 68-1087 Honokaope Pl – 49 Black Sand Beach

     Sold on 1/19/2018 for $2,650,000 from a list price of $2,795,000


Residences of LauLea

2) 68-111 Pukaua Pl – Champion Ridge at Mauna Lani

     Sold on 2/2/2018 for $3,650,000 from a list price of $3,750,000

And the most expensive home sold in Mauna Lani Resort in 2018 was:

Residences of Laulea

1) 68-1219 S Kaniku Dr #6A1 – The Residences at Laulea

     Sold on 11/7/2017 for $3,776,250 from a list price of $3,975,000

If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian real estate dreams a reality.

Posted by Korby Matsen on June 16th, 2019 10:32 AM

North Kohala
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 turnaround point for the bicycle portion of the annual Ironman World Championship held in 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 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.

Hawi Farmers MarketNorth 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 is where the gated communities of Kohala Ranch are located, 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.

At the time of this writing (May 25th), there were 54 single-family homes for sale in North Kohala, with 13 homes in escrow. There are also an amazing 128 land lots for North Kohalasale, with 10 lots in escrow.  There are no condos located in North Kohala, so statistics for that market segment do not exist.

Of the homes for sale in North Kohala, the highest priced one is listed at $3,700,000 and is located at 59-134 Kihi Kihi Pl, in the Kohala Waterfront community. For you bargain hunters, the lowest priced home on the market is located at 54-3745 Akoni Pule Hwy in Kapa’au, and it is listed by Hawaii Luxury Real Estate at the low price of $225,000.

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, there are two land lots with the lowest price. They are both listed at $159,000 and are both 3-acre lots located in Kohala Ranch.

Sales slowed slightly in North Kohala in the last half of 2018, and in the Q1 time frame of January through March 2019 that trend continued, with just 10 single-family homes being sold. The highest priced of the homes sold is located at 59-1086 Maluhi Pl, in Kohala Ranch and it sold for $2,330,000, from list price of $2,799,000. The North Kohalalowest priced home to sell in North Kohala went for $265,000 from a list price or $289,000. It is located at 54-2530 Kynnersley Rd in Kapa’au.

In the land market segment, there were 9 lots sold in Q1 of 2019 in North Kohala. The highest price lot sold for $675,000 from a list price of the same amount and is a 22-acre parcel located on Kynnersley Rd in Kapaau. The lowest priced lot to sell in Q1 is a ¼ acre lot located on Hawi Rd in Hawi, and it sold for $169,000 from a list price of $175,000.

Analysis: With inventory rising slightly and sales slowing slightly, the single-family home market in North Kohala seems to be heading back into a Buyers’ Market. And of course, 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 2019 Q1 Market Update

  • Number of homes currently for sale – 54
  • Number of homes currently in escrow – 13
  • Number of land lots for sale – 128
  • Number of land lots in escrow - 10
  • Highest priced home currently for sale – $3,700,000 – 59-134 Kihi Kihi Pl, Kohala Waterfront
  • Lowest priced home currently for sale – $225,000 - 54-3745 Akoni Pule Hwy, Kapaau
  • Highest priced land lot for sale - $18,500,000 – 498 acres, Lokai Rd, Hawi
  • Lowest priced land lot for sale - $159,000 – 3 acres, Kohala Ranch
  • Number of homes sold in Q1 (Jan – Mar) – 10
  • Number of land lots sold in Q1 (Jan – Mar) - 9
  • Highest priced home sold in Q1 - $2,330,000 – 59-1086 Maluhi Pl, Kohala Ranch
  • Lowest priced home sold in Q1 – $265,000 – 55-2530 Kynnersley Rd, Kapaau
  • Highest priced land lot sold in Q1 - $675,000 – 22 acres, Kynnersley Rd, Kapaau
  • Lowest priced land lot sold in Q1 - $169,000 –1/4 acre, Hawi Rd, Hawi

If you enjoyed this update, you may like Kohala Market Update for April 2019.

Posted by Korby Matsen on June 2nd, 2019 12:19 PM

Kohala Ranch
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 differentiate 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.  

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



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

Halii KaiThe number of single-family homes sold in April 2019 in Kohala rose slightly over April last year, with 30 single-family homes selling in April this year, up from 28 homes selling in April 2018. The only actual sales volume increase to happen in Kohala was in South Kohala, where sales volume increased by just 2 homes (up from 21 homes to 23). The volume in North Kohala remained the same at 7 homes sold. The number of condos sold year over year in April also saw a small increase, rising from 35 units last year to 40 units this April.  

Unlike the monthly number, the year-to-date volume experienced a decrease in almost Mauna Lani Resort all market segments in 2019, with 93 single-family homes being sold overall this year in Kohala, down from 111 homes sold by this time in 2018.  The sales volume of single-family homes in North Kohala decreased significantly, from 30 homes sold in 2018, to 17 homes this year. South Kohala’s year-to-date volume also experienced a drop over last year, with 76 homes being sold this year, down from 81 homes in 2018. The number of condos sold year-to-date remained almost the same, with 115 units sold this, up from 114 units sold in 2018.

While the volume of single-family homes sold in April 2019 was up compared to April Kohala sunset2018 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 small increase, from $600,000 in April 2018 to $650,000 in April this year, while in North Kohala, the median sales price in April 2019 fell a dramatic $280,425 to $1.062,000 from $1,342,425 in April 2018. 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 price move in the downward direction, with the median sales price falling slightly from $549,500 last year to $541,160 in April 2019.

As with the monthly numbers of the April median sales price, the year-to-date numbers Big Island Mapwere also somewhat mixed. North Kohala’s year-to-date median sales price increased an incredible 15%, from $889,000 in 2018 to $1,023,000 this year, again, this had more to do with the low number of sales in that area than a rapid increase in prices. The single-family home market in South Kohala saw a decrease, from $645,000 in 2018 to $628,000 this year, a change of 2.56%, while the median year-to-date sales price in the condo market experienced a small change in the other direction, rising 3.83%, from $497,000 in 2018 to $516,000 this year.

Analysis: As we head deeper into 2019, sales volume in all segments seems to be rebounding from the late 2018 slowdown. But the year-to-date median sales price seems to be moving in the other direction. So, with most of the markets on the Kohala Coast now in a Balanced Market, with a few, like Waikoloa Village, in a Sellers’ Market, it will be interesting to see how these conflicting stats of increasing sales and decreasing sales price will play out in the coming months.
Kohala Coast 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. You can read market updates from the different areas of the Kohala Coast on the Market Updates Page of my website.  Mahalo.

April 2019 Market Update Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 23
  • No. of condo units sold in South Kohala - 40
  • YTD No. of single-family homes sold in North Kohala – 17
  • YTD No. of single-family homes sold in South Kohala – 76
  • YTD No. of condo units sold in South Kohala - 114
  • Median sales price of a single-family home in North Kohala - $1.062,000
  • Median sales price of a single-family home in South Kohala - $650,000
  • Median sales price of a condo in South Kohala - $541,160
  • YTD median sales price of a single-family home in North Kohala - $1,023,000
  • YTD median sales price of a single-family home in South Kohala - $628,500
  • YTD median sales price of a condo in South Kohala - $516,000

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

Posted by Korby Matsen on May 26th, 2019 2:47 PM

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