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Kohala Coast Real Estate News

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

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

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

Kohala Coast
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.

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 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 2019 decreased Kohala Ranchsubstantially over March 2018, with 24 single-family homes selling in March this year, down from 36 homes in March 2018. This decline in sales volume was felt in all market segments, with South Kohala seeing 19 single-family homes being sold this March down from 26 homes sold in March 2018, while the volume in North Kohala decreased from 10 homes in March 2018 to just 5 homes this year. The number of condos sold year over year in March also experienced a decrease this year, falling to 27 units this year from 35 units last March.  

As with the monthly number decrease, the year-to-date sales volume in Kohala is also Mauna Lani Resort experiencing a decrease in 2019, with 63 single-family homes being sold this year, down from 83 homes sold by this time in 2018.  This decrease was felt in all market segments, with the number of single-family homes in North Kohala decreasing by more than half, from 23 single-family homes sold last year, down to 10 homes this year. The South Kohala sales volume fell slightly, from 60 homes last year to 53 homes sold this year, while the number of condos sold year-to-date also saw a small decrease, falling from 79 units sold last year, to 75 units sold in 2019.

Mauna Lani Resort
As with the decrease in sales volume of single-family homes in March 2019, most of the markets experienced a decrease in the median sales price. The median sale price in North Kohala was the only segment to see an increase, rising an astounding $215,000, from $825,000 in March 2018 to $1,040,000 in March this year.

As I have stated in the past, this type of dramatic change in median sales price is quite common when dealing with a low sales volume environment, like North Kohala. In South Kohala, the median sales price in March 2019 fell from $654,000 in March 2018 to $627,000 this year. The condo market also saw a decrease, with the March 2019 median sales price dropping to $440,000 from $495,000 in March 2018.

The year-to-date median sales price changes in the different areas and sectors mirror Big Island Mapthe changes in the monthly March 2019 numbers. The year-to-date median sales price in the condo market fell 5.05% from $5495,000 in 2018 to $470,000 this year, while the of price single-family homes in South Kohala also experienced a decrease, moving down 9.33%, from $654,000 in 2018 to $593,000 this year. Meanwhile, North Kohala saw a change in the other direction for its year-to-date median sales price, increasing 7.28% from $755,000 in 2018 to $810,000 this year.

Analysis: The March 2019 numbers continue the recent trend of lower sales volumes and falling median sale prices. This trend is expected to continue, at least in the short term, due to the usual seasonal slowdown. It remains to be seen if it will continue beyond the short term.
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 2019 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala -5
  • No. of single-family homes sold in South Kohala - 19
  • No. of condo units sold in South Kohala - 27
  • YTD No. of single-family homes sold in North Kohala -10
  • YTD No. of single-family homes sold in South Kohala - 53
  • YTD No. of condo units sold in South Kohala - 75
  • Median sales price of a single-family home in North Kohala - $1,040,000
  • Median sales price of a single-family home in South Kohala - $627,000
  • Median sales price of a condo in South Kohala - $440,000
  • 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 - $593,000
  • YTD median sales price of a condo in South Kohala - $470,000

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

Posted by Korby Matsen on April 24th, 2019 10:41 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, the Mauna Lani Bay Hotel (currently Tommy Bahamaclosed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.


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

Mauna Lani Resort At the time of this writing (Apr 2nd), there were 17 single-family homes for sale, with 5 homes in escrow within the Mauna Lani Resort, along with 55 condos for sale, and 14 in escrow. Of the 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 most expensive condo on the market is listed at $3,695,000 and is Unit #7 at Na Hale at Paoua Beach.

At the other end of the spectrum, the lowest priced home on the market is 68-1122 N Kaniku Dr #347, located in Ka Milo at Mauna Lani Resort, and is listed at $1,499,000. On the condo side, the lowest priced one currently on the market is listed at $559,000. It is Unit #1201, in the Fairways 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 2019 through March 2019, there were just 3 single-family homes sold in the Mauna Lani Resort, while 14 condos were sold. The highest priced home to sell is located at 68-1025 N Kaniku Dr, #415 in The Villages of Mauna Lani, and it sold for $1,590,000, from a list price of $1,625,000.

The lowest priced home sold for $1,477,000, from a list price of $1,595,000, and is located at 68-1122 N Kaniku Dr, #203, in Ka Milo at Mauna Lani.  The highest priced of the 14 condos sold is Unit #E202 in Mauna Lani Point, and it sold for $2,100,000, from a list price of $2,265,000.  While the condo with the lowest sales price was Palm Villas #D-22, which sold for $455,000 from a list price of $469,000.

Analysis: The volume of condos sold in Mauna Lani Resort has dropped Mauna Lani Resort significantly over the last two quarters, as have the sale of single-family homes. But if you include the single-family homes in escrow, it is more like they held steady. The inventory has also increased, but it is more of a seasonal increase, so I would say the inventory levels have also “held steady”. It remains to be seen if this is a market “pause”, or the beginning of something more.

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 2019 Mauna Lani Real Estate Update 

  • Number of single-family homes currently for sale – 17
  • Number of single-family homes currently in escrow - 5
  • Number of condos currently for sale – 55
  • Number of condos currently in escrow - 14
  • Highest priced home currently for sale – $8,500,000 68-1026 Honokaope Pl in 49 Black Sand
  • Highest priced condo currently for sale - $3,695,000 Na Hale #7 in Paoua Beach
  • Lowest priced home currently for sale – $1,499,000 68-1122 N Kaniku Dr #347, in Ka Milo
  • Lowest priced condo currently for sale - $559,000 Fairways at Mauna Lani #1201
  • Number of homes sold in Q1 (Jan – Mar) – 3
  • Number of Condos sold in Q1 (Jan – Mar) – 14
  • Highest priced home sold in Q1 – $1,590,000 68-1025 N Kaniku Dr #415 in The Villages
  • Highest priced condo sold in Q1 - $2,100,000 Mauna Lani point #E202
  • Lowest priced home sold in Q1 – $1,477,000 68-1122 N Kaniku Dr, #203, in Ka Milo
  • Lowest priced condo sold in Q1 - $455,000 Palm Villas #D-22

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

Posted by Korby Matsen on April 6th, 2019 9:45 AM

Kohala Ranch
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.

Ke Kailani
South 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 2019 rose slightlyKohala waterfront over February 2018, with 21 homes selling in February 2018, up to 23 homes this year. That increase was not felt in all market segments, as the sales volume in North Kohala decreased from 7 homes sold in February 2018 to just one home this year, while the volume in South Kohala picked up the slack, rising from 14 homes last year to 22 homes this February. The number of condos sold year over year in February remained the same at 22 units both years.

Puako Beach
With February only being the second month of the year, the overall year-to-date volume is not yet a significant number, but it is still down over last year, with 39 single-family homes homes being sold so far in 2019, as opposed to 47 homes being sold by this time last year. As with the February monthly number, this decrease can be attributed to the drop in the North Kohala sales volume.


The North Kohala volume fell from 13 homes in 2018 to just 5 homes sold this year, while in South Kohala the year-to-date sales volume held its ground at 34 homes sold in both years. The number of condos sold year-to-date was up slightly, rising from 44 units sold last year, to 46 units sold in 2019.

As with sales volume numbers, the median sales price was also a mixed bag, rising in the South Kohala markets but falling in North Kohala. The median sale price of a Kohala sunsetsingle-family home in South Kohala rose from $681,000 in February 2018 to $712,000 in February of this year, while in North Kohala, the median sales price in February 2019 fell to $407,500 from $600,000 in February 2018. The condo market in South Kohala also experienced a slight price increase, with the February 2019 median sales price rising to $474,500 from $422,000 in February 2018.

Although the monthly median sales prices were up in the South Kohala markets but down in North Kohala, the year-to-date numbers were the opposite. The median year-to-date sales price in the South Kohala condo market fell a modest 4.53% from $497,000 in 2018 to $474,500 this year.

Big Island Map
South Kohala
single-family homes experienced the largest drop for its median sales price, decreasing 14.97% from $677,250 in 2018 to $577,850 this year. North Kohala was the lone bright spot with regards to year-to-date median sales price increases, rising an impressive 25.00%, from $600,000 in 2018 to $750,000 this year.


Analysis:
With the monthly and year-to-date sales volumes either falling or remaining the same in February over last year and the year-to-date median sales price falling in both South Kohala market segments, the Kohala Coast market seems to be in a state of flux. We will see over the next few months if the market advances over the last couple of years are beginning to slow, or not.
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 2019 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala - 1
  • No. of single-family homes sold in South Kohala - 22
  • No. of condo units sold in South Kohala - 22
  • YTD No. of single-family homes sold in North Kohala – 5
  • YTD No. of single-family homes sold in South Kohala – 34
  • YTD No. of condo units sold in South Kohala - 46
  • Median sales price of a single-family home in North Kohala - $407,500
  • Median sales price of a single-family home in South Kohala - $712,000
  • Median sales price of a condo in South Kohala - $474,500
  • YTD median sales price of a single-family home in North Kohala - $750,000
  • YTD median sales price of a single-family home in South Kohala - $575,850
  • YTD median sales price of a condo in South Kohala - $474,500

If you enjoyed this update, you may like Mauna Lani Resort Real Estate Update for Q4 2018.

Posted by Korby Matsen on March 23rd, 2019 4:18 PM

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