Kohala Coast Real Estate News

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 Vacation Rental Management Program can save you $1000’s.

At the time of this writing (July 1st), there was just one single-family home on the Waikoloa Beach Resortmarket and one home in escrow in the Waikoloa Beach Resort, while 46 condos were for sale with 3 in escrow. The one home for sale in the Waikoloa Beach Resort is newly listed at $2,950,000 and is located at 69-1519 Anaole St in the Ainamalu at Waikoloa Beach Resort community.

In the condo market, the highest price condo currently available is listed at $2,328,000 and is Unit #7F in Kolea Condo Villas. While at the other end of the spectrum, the Waikoloa Beach Resortlowest priced condo currently on the market is listed at $454,000 and is Unit #N23 in The Fairway Villas at Waikoloa Beach Resort.

In the 2nd Quarter of 2020, there were two single-family homes sold in the Waikoloa Beach Resort. The most expensive of the two sold for $1,273,060 from a list price of $1,262,100 and is located at 69-9204 Anaole St. While the lowest price one is located at 69-9236 Ainamalu St and sold for $1,115,600 from a list price of the same amount. Both homes are in the Ainamalu at Waikoloa Beach Resort community.

Waikoloa Beach Resort
In the condo market of Waikoloa Beach Resort, the Q2 time frame between April and June 2020 saw just 6 condos sell. The highest priced of these was Unit 14A in Kolea Condo Villas and it sold for $730,000, from a list price of $749,000. While the condo with the lowest sales price went for $451,000, from a list price of $456,000. It is Unit D4, located in The Fairways at Waikoloa Beach Resort.


Analysis:
After a great beginning to 2020, the effects of the Covid-19 took its toll on the sales numbers in Q2. Single-family home sales have been low since the first phase of the Ainamalu at Waikoloa Beach development was completed, but condo sales falling to about 25% of its quarterly average is disappointing.

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 2020 Q2 Waikoloa Beach Market Update

  • Number of single-family homes currently for sale - 1
  • Number of single-family homes currently in escrow - 1
  • Number of condos currently for sale – 46
  • Number of condos currently in escrow - 3
  • Highest priced home currently for sale - $2,950,000   69-1519 Anaole St, Ainamalu at Waikoloa Beach
  • Highest priced condo currently for sale - $2,328,000 Kolea Condo Villas #7F
  • Lowest priced home currently for sale – $2,950,000   69-1519 Anaole St, Ainamalu at Waikoloa Beach
  • Lowest priced condo currently for sale - $454,000 Fairway Villas at Waikoloa Beach Resort #N23
  • Number of homes sold in Q2 (Apr – June) – 2
  • Number of condos sold in Q2 (Apr – June) – 6
  • Highest priced home sold in Q2 – $1,273,000 – 69-9204 Anaole St, Ainamalu at Waikoloa Beach
  • Highest priced condo sold in Q2 - $730,000 - Kolea Condo Villas #14A
  • Lowest priced home sold in Q2 – $1,115,600 - 69-9236 Ainamalu St, Ainamalu at Waikoloa Beach
  • Lowest priced condo sold in Q2 - $451,000 – Fairway Villas at Waikoloa Beach Resort #D4

If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q2 2020.

Posted by Korby Matsen on July 9th, 2020 11:06 AM

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

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


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

Kamilo at Mauna LaniAt the time of this writing (July 1st), there were 18 single-family homes for sale and 1 home in escrow within the Mauna Lani Resort, with 42 condos for sale and 7 in escrow. Of the single-family homes for sale, the highest priced one is listed at $17,900,000, and is located at 68-1025 Pauoa Wy in the Pauoa Beach community, while the highest priced condo on the market is in the Residences at Laulea, Unit 1B2R and is listed at $3,275,000


At the other end of the spectrum, the lowest priced single-family home on the market is at 68-1122 N Kaniku Dr #305, in Ka Milo at Mauna Lani and is listed atPauoa Beach
$1,795,000. On the condo side, the lowest priced one currently listed is Unit #D-1 in Palm Villas at Mauna Lani and is priced at $565,000.

When it comes to sales in 2nd Quarter, the effects of the Covid-19 pandemic have shown its effect. In the Q2 time frame of April 2020 through June 2020 there were not any single-family homes sold in the Mauna Lani Resort, while just 11 condos were sold.

The highest priced of the 11 condos sold was The Islands at
Mauna Lani #P1, and it sold for $1,040,000 from a list price of  $1,135,000,  while the condo with the lowest sales price went for $525,000 from a list price of $615,000 and is Unit #401 in Kulalani at Mauna Lani.

Analysis: As we expected, the Covid-19 pandemic has affected sales in the Mauna Mauna Lani Resort Lani Resort in the second quarter of 2020. There were no sales of single-family homes (usually 3-5) and condo sales were cut in half. Prices and inventory levels have remained steady and online traffic has reportedly increased immensely and now that travel is opening up in August, there is optimism that will see a rebound in the coming months.

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 come true. If you enjoyed this Market Update, you can find updates on other locations at my Market Update Page. Mahalo.

Highlights of the Q2 2020 Mauna Lani Resort Market Update 

  • Number of single-family homes currently for sale – 18
  • Number of single-family homes currently in escrow- 1
  • Number of condos currently for sale – 42
  • Number of condos currently in escrow - 10
  • Highest priced home currently for sale – $17,900,000 68-1025 Pauoa Wy in Pauoa Beach
  • Highest priced condo currently for sale - $3,275,000 Residences at Laulea #1B2R
  • Lowest priced home currently for sale – $1,795,500 68-1122 N Kaniku Dr #305 in Ka Milo at Mauna Lani
  • Lowest priced condo currently for sale - $565,000 Palm Villas at Mauna Lani #D-1
  • Number of single-family homes sold in Q2 (Apr – Jun) – None
  • Number of Condos sold in Q2 (Jan – Mar) –11
  • Highest priced single-family home sold in Q2 – None
  • Highest priced condo sold in Q2 - $1,040,000 – The Islands at Mauna Lani #P1
  • Lowest priced single-family home sold in Q2 - None
  • 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 May 2020.

Posted by Korby Matsen on July 5th, 2020 9:02 AM

Kohala Waterfront
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 for 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.

North Kohala contains miles of pastoral, undeveloped land, as well as a variety ofNorth Kohala 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 acreages 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 feature 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 40 single-family homes for sale in North Kohala, with 11 homes in escrow. There are also an incredible 96 land lots for North Kohalasale, with 4 of them 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 a listed at $6,590,000 and is located at 56-3083 Puakea Bay Rd, in the Puakea Bay Ranch community. For you bargain hunters, the lowest priced home on the market is located at 54-4252 Akoni Pule Hwy in Kapa’au and is listed at the low price of $297,000.

In the land lot market segment, the highest priced lot currently for sale in North Kohala is an enormous 457-acre parcel located on Lokai Rd in Kapa’au and is listed at a cool $15,500,000. At the other end of the spectrum, the lot with the lowest price is listed at $140,000 and is a 1/2-acre plot on Akoni Pule Hwy in Kapa'au.

Kohala RanchSales slowed slightly in North Kohala during the Q1 time frame of January through March 2020, with 16 single-family homes being sold. The highest priced of the homes sold is located at 59-193 Kohala Ranch Rd, in Kohala Ranch and it sold for $2,722,000, from list price of $2,750,000. The lowest priced home to sell in North Kohala went for $308,655 from a list price or $329,900. It is located at 54-2253 Kynnersley Rd in Kapa’au.

In the land market segment, there were 9 lots sold in Q1 of 2020 in North Kohala. The highest price lot sold for $654,300 from a list price of $695,000 and is a 30-acre parcel located on Lahuiki Pl in Hawi. The lowest priced lot to sell in Q1 is a 3.5-acre lot in Kohala Ranch and it sold for $120,000 from a list price of $129,000.

Kohala RanchAnalysis: Sales and inventory levels of single-family homes were down marginally in North Kohala during the 1st Quarter of 2020, which is counter of what we have seen in other markets on the Kohala Coast. While the inventory level of lots is down slightly, sales volume has remained steady. It remains to be seen if how the ongoing pandemic will affect these numbers in the months ahead.

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 2020 Q1 Market Update

  • Number of homes currently for sale – 40
  • Number of homes currently in escrow – 11
  • Number of land lots for sale – 96
  • Number of land lots in escrow - 4
  • Highest priced home currently for sale – $6,590,000 - 56-3083 Puakea Bay Rd.
  • Lowest priced home currently for sale – $297,000 - 53-4252 Akoni Pule Hwy, Kapaau
  • Highest priced land lot for sale - $15,500,000 – 457 acres, Lokai Rd, Hawi
  • Lowest priced land lot for sale - $140,000 – 1/2 acre, Akoni Pule Hwy, Kapaau
  • Number of homes sold in Q1 (Jan – Mar) – 16
  • Number of land lots sold in Q1 (Jan – Mar) - 9
  • Highest priced home sold in Q1 - $2,722,500 – 59-193 Kohala Ranch Rd, Kohala Ranch
  • Lowest priced home sold in Q1 – $308,655 – 54-2253 Kynnersley Rd, Kapaau
  • Highest priced land lot sold in Q1 - $654,300 – 30 acres, Lahuiki Pl, Hawi
  • Lowest priced land lot sold in Q1 - $120,000 – 3.5 acres Kohala Ranch

If you enjoyed this update, you may like Kohala Market Update for April 2020.

Posted by Korby Matsen on June 21st, 2020 1:12 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. 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 at the south end.  

Queens Marketplace
South Kohala
begins just south of Kohala Ranch and 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. 

The number of single-family homes sold in April 2020 in Kohala dropped noticeably Waikoloa Beach Resortover April last year, with 20 single-family homes selling this year, down from 30 homes selling in April 2019. The sales volume decrease was felt in all Kohala, with South Kohala decreasing by 7 homes (down from 23 homes to 16). The volume in North Kohala fell a little less, from 7 homes sold to just 4 homes. The number of South Kohala condos sold year over year in April experienced the biggest drop, falling from 40 units last year to just 10 units this April.  

The year-to-date sales volume in the Kohala single-family home markets still Puako Beachremained positive in 2020, despite the April drop-off, with 121 single-family homes being sold this year in Kohala, up from 94 homes sold by this time in 2019.  The sales volume of single-family homes in North Kohala increased slightly, from 17 homes sold in 2019, to 20 homes this year. South Kohala’s year-to-date volume also experienced an increase over last year, with 101 homes being sold this year, up from 77 homes in 2019. The number of condos sold year-to-date did not enjoy the same increase, with 89 units sold this year, down from 116 units sold in 2019.

While the volume of single-family homes sold in April 2020 was down compared to Kohala CoastApril 2019 in all market segments of Kohala, the change in median sales price was in the other direction. The median sale price in South Kohala had a noticeable increase, from $650,000 in April 2019 to $722,500 in April this year, while in North Kohala, the median sales price in April 2020 rose to $763,500 from $649,000 in April 2019. The condo market also saw their median price rise, increasing from $538,000 last year to $614,000 in April 2020.


The year-to-date numbers did not fare as well as the monthly numbers. North Big Island MapKohala’s year-to-date median sales price decreased 17.89%, from $1,023,000 in 2019 to $840,000 this year. The single-family home market in South Kohala saw a less dramatic decrease, from $628,000 in 2019 to $590,000 this year, a change of 5.98%. The condo market saw a surprising change in the other direction, with the year-to-date median sales price rising an amazing 21.53%, from $518,000 in 2019 to $629,500 this year.


Analysis
: Even though the monthly numbers were down, a strong first quarter was able to keep the year-to-date numbers positive. It remains to be seen how the economic headwinds of the pandemic will affect the market in the months to come.
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. You can read market updates from the different areas of the Kohala Coast on the Market Updates Page of my website.  Mahalo.

April 2020 Kohala 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 South Kohala - 10
  • YTD No. of single-family homes sold in North Kohala – 20
  • YTD No. of single-family homes sold in South Kohala – 101
  • YTD No. of condo units sold in South Kohala - 89
  • Median sales price of a single-family home in North Kohala - $763,500
  • Median sales price of a single-family home in South Kohala - $722,500
  • Median sales price of a condo in South Kohala - $614,500
  • YTD median sales price of a single-family home in North Kohala - $840,000
  • YTD median sales price of a single-family home in South Kohala - $590,000
  • YTD median sales price of a condo in South Kohala - $629,500

If you enjoyed this update, you might like Waikoloa Beach Resort Market Update for Q1 2020.

Posted by Korby Matsen on May 17th, 2020 9:18 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 luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views. 

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

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

Mauna Kea ResortAt the time of this writing (May 1st), there were 2 single-family homes for sale and no homes in escrow within the Mauna Kea Resort, while 4 condos are for sale, also with none in escrow. Of the homes for sale, the highest priced one is listed at $9,995,000, and is located at 62-3692 Kiekiena Pl, in the Bluffs at Mauna Kea subdivision, while the highest priced condo on the market is listed at $3,350,000 and is Unit #33 in the Villas at Mauna Kea.

At the other end of the spectrum, the lowest priced home on the market is located at 62-3757 Kaunaoa Nui Rd, in the Kaunaoa Subdivision and is listed at $7,595,000. The lowest priced condo currently on the market is listed at $1,325,000 and is Unit N202 located in Waiulaula at Mauna Kea.

Waiulaula at Mauna KeaThere were 3 single-family homes sold in the 1st Quarter of 2020. The condo market was slightly better, with 4 condos being sold during this same period. The highest priced home sold for $7,000,000 from a list price of $7,590,000 and is located at 62-3331 Ahuula Pl, in Mauna Kea Fairways South. The lowest priced home sold is located at 62-3638 Leihulu Pl, also in Mauna Kea Fairways South, and it sold for $2,850,000, from a list price of $3,295,000.

The lowest priced condo to sell in Mauna Kea resort during the 1st Quarter went for $945,000 from a list price of $999,000 and is Unit #I202, in Waiulaula at Mauna Kea, while the highest priced condo sold for $3,395,000 from a list price of the same amount, and is Unit #34 in The Villas at Mauna Kea.

Mauna Kea ResortAnalysis: Mauna Kea Resort has historically been a low inventory area, but the inventory levels in Q1 were down even by these standards. The sales volume for both single-family homes and condos in the first quarter were within normal levels, but it remains to be seen how things will look in the coming months as we experienced unprecedented times.

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

Highlights of the Q1 2020 Mauna Kea Market Update 

  • Number of homes currently for sale – 2
  • Number of homes currently in escrow - 0
  • Number of condos currently for sale – 4
  • Number of condos currently in escrow - 0
  • Highest priced home currently for sale – $9,9956,000: 62-3692 Kiekiena Pl, Bluffs at Mauna Kea
  • Highest priced condo currently for sale - $3,350,000: Villas at Mauna Kea #33
  • Lowest priced home currently for sale – $7,595,000: 62-3757 Kaunaoa Nui Rd, Kaunaoa Subdiv.
  • Lowest priced condo currently for sale - $1,325,000: Waiulaula at Mauna Kea #N202
  • Number of homes sold in Q1 (Jan – Mar) – 3
  • Number of Condos sold in Q1 (Jan – Mar) – 4
  • Highest priced home sold in Q1 – $7,000,000: 62-3331 Ahuula Pl, Mauna Kea Fairways South
  • Highest priced condo sold in Q1 - $3,395,000 Villas at Mauna Kea # 34
  • Lowest priced home sold in Q1 – $2,850,000: 62-3638 Leihulu Pl, Mauna Kea Fairways South
  • Lowest priced condo sold in Q1 - $945,000 Waiulaula at Mauna Kea #I202

If you enjoyed this update, you might like Mauna Lani Resort Market Update for Q1 2020.

Posted by Korby Matsen on May 10th, 2020 11:49 AM

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

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



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

The number of single-family homes sold in Kohala in March 2020 increased Kamilo at Mauna Lanisubstantially over March 2019, with 35 single-family homes selling in March this year, up from 24 homes in March 2019. This increase in sales volume was felt in all market segments, with South Kohala seeing 29 single-family homes sold this March, up from 19 homes sold in March 2019, while the volume in North Kohala increased slightly, from 5 homes in March 2019 to 6 homes this year. The number of condos sold year over year in March did not change, with 27 units being sold in both years.  

Kamilo at Mauna LaniAs with the monthly number increase, the year-to-date sales volume in Kohala also experienced an increase in 2020, with 100 single-family homes being sold this year, up from 64 homes sold by this time in 2019.  This increase was felt in all market segments, with the number of single-family homes in North Kohala increasing from 10 single-family homes sold last year, up to 16 homes this year.


The South Kohala sales volume increase was even more dramatic, rising from 54 homes last year to 84 homes sold this year, while the number of condos sold year-to-date also saw a small increase, rising from 75 units sold last year, to 77 units sold in 2020.

Ke Kailani
Although there was an increase in sales volume in all market segments of Kohala in March 2020, the median sales price was more of a mixed bag. The median sale price in North Kohala and the condo market in South Kohala both experienced huge increases, with North Kohala rising an astounding $263,750, from $1,040,000 in March 2019 to $1,303,750 in March this year.

The condo market also experienced a dramatic increase, with the March 2020 median sales price rising to $727,500 from $440,000 in March 2019. South Kohala felt the only decrease, with the median sale price in March 2020 falling from $627,000 in March 2019 to $540,000 this year.

Big Island Map
The year-to-date median sales price changes in the different areas and sectors mirror the changes we saw in the monthly March 2020 numbers. The year-to-date median sales price in the South Kohala condo market rose an amazing 34.04% from $470,000 in 2019 to $639,000 this year.



While the price of single-family homes in South Kohala experienced a slight decrease, moving down 2.28%, from $593,000 in 2019 to $579,500 this year. Meanwhile, North Kohala saw a slight change in the other direction for its year-to-date median sales price, increasing 3.70% from $810,000 in 2019 to $840,000 this year.

Analysis: The sales volume in Kohala for the first three month of 2020 was ahead of the 2019 numbers in all market segments. And after a year of stagnant sale prices in all segments, there were glimpses of price appreciation in some markets in the first quarter. It remains to be seen whether these positive changes will be able to withstand the economic upheaval coming in the months ahead.
Big Island Stats

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

March 2020 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala -6
  • No. of single-family homes sold in South Kohala - 29
  • No. of condo units sold in South Kohala - 27
  • YTD No. of single-family homes sold in North Kohala -16
  • YTD No. of single-family homes sold in South Kohala - 84
  • YTD No. of condo units sold in South Kohala - 77
  • Median sales price of a single-family home in North Kohala - $1,303,750
  • Median sales price of a single-family home in South Kohala - $540,000
  • Median sales price of a condo in South Kohala - $727,000
  • YTD median sales price of a single-family home in North Kohala - $840,000
  • YTD median sales price of a single-family home in South Kohala - $579,000
  • YTD median sales price of a condo in South Kohala - $639,000

If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q1 2020

Posted by Korby Matsen on May 2nd, 2020 11:58 AM

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

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


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

At the time of this writing (Apr 2nd), there were 2 single-family homes for sale and 3 Waikoloa Beach Resorthomes in escrow within the Waikoloa Beach Resort, while 28 condos are for sale with 4 in escrow. Of the homes currently on the market, the highest priced one is listed at $3,385,000, and is located at 69-1525 Anaole St in the Ainamalu at Waikoloa Beach community, while the one with the lowest price is located at 69-1519 Anaole St. also in Ainamalu at Waikoloa Beach and is listed at $2,950,000.

In the condo market, the highest price unit currently available is Unit #7F in the Kolea Condo Villas community and is listed at $2,328,000. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $424,000 and is Unit #311 in the Shores at Waikoloa Beach Resort.

Waikoloa Beach Resort
In the 1st quarter of 2020, there were 3 single-family homes sold in the Waikoloa Beach Resort. The highest priced home sold for $1,395,717, from a list price of the same amount and is located at 69-9229 Ainamalu St, while the lowest priced one sold for $999,000, from a list price of $999,000 and is located at 69-9222 Ainamalu St, also in the new Ainamalu at Waikoloa Beach development.

The Shores at Waikoloa BeachIn the Q1 time frame between January and March, there were 22 condos sold in Waikoloa Beach Resort, which has been a pretty consistent number throughout 2019. The highest priced of these condos sold was Unit 10C in Kolea Condo Villas at the sale price of $2,575,000, from a list price of $2,600,000. While the condo with the lowest sales price went for $320,000, from a list price of $385,000. It is Unit 138, in the Shores at Waikoloa Beach Resort.

Analysis: The sales volume and inventory levels of both condos and single-family Waikoloa Beach Resorthomes in Waikoloa Beach Resort have remained consistent throughout 2019 and into the first quarter of 2020. There was a drop in single-family home inventory due to the completion of Phase 1 of the Ainamalu at Waikoloa Beach Development, but that should change once Phase 2 moves forward. With the coming uncertainty in the months ahead, it remains to be seen how the market will be impacted.


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

Highlights of the Waikoloa Beach Market Update for Q1 2020 

  • Number of homes currently for sale – 2
  • Number of homes currently in escrow - 3
  • Number of Condos currently for sale – 28
  • Number of condos currently in escrow - 4
  • Highest priced home currently for sale - $3,395,000 69-1525 Anaole St., Ainamalu
  • Highest priced condo currently for sale - $2,328,000 Kolea Condo Villas #7F
  • Lowest priced home currently for sale – $2,950,000 69-1519 Anaole St., Ainamalu
  • Lowest priced condo currently for sale - $424,000 Shores at Waikoloa Beach Resort #311
  • Number of homes sold in Q1 (Jan – Mar) – 3
  • Number of Condos sold in Q1 (Jan – Mar) – 22
  • Highest priced home sold in Q1 – $1.395,717 69-9229 Ainamalu St., Ainamalu
  • Highest priced condo sold in Q1 - $2,575,000 Kolea Condo Villas #10C
  • Lowest priced home sold in Q1 – $999,000 69-9222 Ainamalu St., Ainamalu
  • Lowest priced condo sold in Q1 - $320,000 Shores at Waikoloa Beach Resort #138

If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q1 2020.

Posted by Korby Matsen on April 9th, 2020 2:02 PM

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

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



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

Mauna Lani Resort At the time of this writing (Apr 2nd), there were 16 single-family homes for sale, with no homes in escrow within the Mauna Lani Resort, along with 40 condos for sale, with 9 in escrow. Of the homes for sale, the highest priced one is listed at $18,900,000, and is located at 68-1025 Pauoa Wy in the Pauoa Beach community, while the highest priced condo on the market is listed at $3,300,000 and is Unit #2B1R at The Residences of Laulea.

At the other end of the spectrum, the lowest priced home on the market is at 68-1122 N Kaniku Dr #305, located in Ka Milo at Mauna Lani, and is listed at $1,795,000. On the condo side, the lowest priced unit currently on the market is listed at $549,000. It is Unit #B-3, in the Palm Villas at Mauna Lani.

Mauna Lani Resort When it comes to sales in the 1st Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q1 time frame of January 2020 through March 2020, there were just 3 single-family homes sold in the Mauna Lani Resort, while 25 condos were sold. The highest priced home to sell is located at 68-1091 Pauoa Wy, in Pauoa Beach, and it sold for $5,600,000, from a list price of $5,895,000.

The lowest priced home sold for $2,700,000, from a list price of $2,900,000, and is located at 68-1004 Papakonane Ct.  The highest priced of the 25 condos sold is Unit #A103 in Mauna Lani Terrace, and it sold for $2,150,000, from a list price of $2,495,000.  While the condo with the lowest sales price was Kulalani at Mauna Lani #2402, which sold for $640,000 from a list price of $644,000.

Mauna Lani Resort
Analysis:
The volume of condos sold in Mauna Lani Resort in Q1 saw a small jump over the last quarter but overall, the numbers have remained pretty consistent for the last 3 quarters. The inventory has fluctuated a little but has also remained in a consistent range over the last 3 quarters. With uncertainty coming in the months ahead, it remains to be seen if this is market remains consistent.

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

Highlights of the Q1 2020 Mauna Lani Market Update 

  • Number of single-family homes currently for sale – 16
  • Number of single-family homes currently in escrow - 0
  • Number of condos currently for sale – 40
  • Number of condos currently in escrow - 9
  • Highest priced home currently for sale – $18,900,000 68-1025 Pauoa Wy, Pauao Beach
  • Highest priced condo currently for sale - $3,300,000 The Residences at Laulea
  • Lowest priced home currently for sale – $1,795,000 68-1122 N Kaniku Dr #305, in Ka Milo
  • Lowest priced condo currently for sale - $549,000 Palm Villas at Mauna Lani #B-3
  • Number of homes sold in Q1 (Jan – Mar) – 3
  • Number of Condos sold in Q1 (Jan – Mar) – 25
  • Highest priced home sold in Q1 – $5,600,000 68-1091 Pauoa Wy in Pauoa Beach
  • Highest priced condo sold in Q1 - $2,150,000 Mauna Lani Terrace #A103
  • Lowest priced home sold in Q1 – $2,700,000 68-1004 Papakonane Ct
  • Lowest priced condo sold in Q1 - $640,000 Kulalani at Mauna Lani #2402

If you enjoyed this update, you may like Kohala Real Estate Update for February 2020.

Posted by Korby Matsen on April 5th, 2020 10:45 AM

Fairmont Orchid Hotel
The Kohala Coast is a beautiful area located on the west coast of the Big Island of Hawaii. The Big Island received its name as differentiate it between the State of Hawaii and the Island of Hawaii.

Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, including the historic towns of Hawi and Kapa’au, and the Kohala Ranch communities farther south.

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


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

The number of single-family homes sold in Kohala in February 2020 rose slightly Kamilo at Mauna Laniover February 2019, with 23 homes selling in February 2019, up to 28 homes this year. That increase was felt in all market segments, as the sales volume in North Kohala increased from 1 home sold in February 2019 to 3 homes sold this year, while the volume in South Kohala rose from 22 homes last year to 25 homes this February. The number of condos sold year over year in February remained the same at 24 units both years.


With February only being the second month of the year, the overall year-to-date volume in Kohala is not yet a significant number, but it is still up significantly over last year, with 65 single-family homes being sold so far in 2020, as opposed to 39 homes being sold by this time last year. As with the February monthly number, this increase was felt in both North and South Kohala sales volume.

Kamilo at Mauna Lani

The North Kohala volume increased from 4 homes in 2019 to 10 homes sold this year, while in South Kohala the year-to-date sales volume jumped from 34 homes sold in 2019 to 55 homes this year. The number of condos sold year-to-date was up slightly, rising from 48 units sold last year, to 50 units sold in 2020.


Although the sales volume numbers were for the most part up, the median sales price Kamilo at Mauna Laniwas a mixed bag, falling in the South Kohala market but rising dramatically in North Kohala. The median sale price of a single-family home in South Kohala fell from $690,000 in February 2019 to $565,000 in February of this year, while in North Kohala, the median sales price in February 2020 rose to $999,950 from $407,500 in February 2019. The condo market in South Kohala also experienced a price decrease, with the February 2020 median sales price falling to $407,500 from $474,500 in February 2019.

Although the monthly median sales prices were kind of a mixed bag, the year-to-date Big Island Mapnumbers were up in all market segments. The median year-to-date sales price in the South Kohala condo market rose a slight 2.74% from $474,500 in 2019 to $487,000 this year. South Kohala single-family homes experienced the largest rise for its median sales price, increasing 13.79% from $580,000 in 2019 to $660,000 this year. North Kohala also experienced a similar increase, rising 12.00%, from $750,000 in 2019 to $839,975 this year.


Analysis:
Sales volume in all market segments has been fairly steady through the last half of 2019 and the beginning of 2020, while price appreciation has remained flat. February showed signs of acceleration in both sales volume and price appreciation, but that may come to a quick end with the onset of the coronavirus crisis. There are uncertain times coming in the month ahead.
Big Island Stats

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

February 2020 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala - 3
  • No. of single-family homes sold in South Kohala - 25
  • No. of condo units sold in South Kohala - 24
  • YTD No. of single-family homes sold in North Kohala – 10
  • YTD No. of single-family homes sold in South Kohala – 55
  • YTD No. of condo units sold in South Kohala - 50
  • Median sales price of a single-family home in North Kohala - $999,950
  • Median sales price of a single-family home in South Kohala - $565,000
  • Median sales price of a condo in South Kohala - $407,500
  • YTD median sales price of a single-family home in North Kohala - $839,975
  • YTD median sales price of a single-family home in South Kohala - $660,000
  • YTD median sales price of a condo in South Kohala - $487,000

 If you enjoyed this update, you may like Mauna Lani Resort Real Estate Update for Q4 2019.

Posted by Korby Matsen on March 29th, 2020 12:13 PM

Kohala By the Sea
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
,
which begins just south of Kohala Ranch,  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 Mgt Program can save you $1000’s.

The number of single-family homes sold in Kohala in January 2020 increased Mauna Lani Resort substantially over January 2019, with 16 homes selling in January 2019 up to 37 homes sold this year. That increase was felt in all market segments, with the sales volume in North Kohala increasing from 4 homes sold in January 2019 to 7 this year, while the volume in South Kohala increased from 12 homes sold to an astounding 30 homes. The number of condos sold year over year in January in Kohala was less dramatic, increasing from 24 units last year to 26 units this year.  

With January being the first month of the year, the year-to-date volume is going to be Mauna Lani Resort equal to the monthly numbers, with 37 homes being sold so far in 2020, as opposed to 16 homes being sold by this time last year.  The South Kohala volume increased from 12 homes in January 2019 to 30 homes sold this year, while in North Kohala the increase was only by three, from 4 single-family homes sold by this time in 2019, to 7 homes this year. The number of condos sold year-to-date also had an increase in sales volume, rising from 24 units sold last year, to 26 units sold in 2020.

Mauna Lani Resort Along with the increases in sales volume of single-family homes in January 2020 in both North and South Kohala, also came increases in median sales prices in most regions. The median sale price in South Kohala rose from $535,000 in January 2019 to $702,500 in January of this year, while in North Kohala, the median sales price in January 2020 fell to $680,000 from $810,000 in January 2019. The condo market also experienced a remarkable price increase, with the January 2020 median sales price rising to $632,500 from $482,500 in January 2019.

Along with the monthly median sales prices being up in most markets in January 2020, Big Island Mapthe year-to-date numbers were also up in most markets. The median year-to-date sales price in the condo market rose an amazing 31.09% from $482,500 in 2019 to $632,500 this year. North Kohala experienced the only decrease for its median sales price, dropping 16.05% from $810,000 in 2019 to $680,000 this year, and the single-family homes in South Kohala had the largest increase, rising an impressive 31.31%, from $535,000 in 2019 to $702,500 this year.


Analysis:
The sales volume of single-family homes rose significantly on the Kohala Coast in January 2020 compared to last January. This continues the strong monthly numbers we have seen over the past six months. Both the single-family home and condo markets’ in South Kohala saw impressive median sales price increases after almost a year of stagnant growth.
Big Island Stats

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

January 2020 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 30
  • No. of condo units sold in South Kohala - 24
  • YTD No. of single-family homes sold in North Kohala – 7
  • YTD No. of single-family homes sold in South Kohala – 30
  • YTD No. of condo units sold in South Kohala - 24
  • Median sales price of a single-family home in North Kohala - $680,000
  • Median sales price of a single-family home in South Kohala - $702,500
  • Median sales price of a condo in South Kohala - $632,500
  • YTD median sales price of a single-family home in North Kohala - $680,000
  • YTD median sales price of a single-family home in South Kohala - $702,500
  • YTD median sales price of a condo in South Kohala - $632,5000

If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q4 2019.

Posted by Korby Matsen on February 23rd, 2020 12:55 PM

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