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Kohala Coast Real Estate News

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

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

Mauna Lani Resort
The Kohala Coast is a magnificent area located on the west coast of the Big Island of Hawaii. The Big Island received that 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, that includes the two small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities at the southern end.

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 the value of your Kohala Coast Home
Discover how our Vacation Rental Management Program can save you $1000’s.

The number of single-family homes sold in Kohala in December 2019 increased Ka Milo at Mauna Lanislightly from December 2018, with 31 homes selling in December this year, up from 29 homes sold in 2018. This rise in sales volume only happened in South Kohala, with North Kohala having a minor decrease from 7 homes sold to 6. The condo market also experienced a decline, with the number of units sold decreasing substantially year over year in December from 27 to 19 units.  

As with the December numbers, the year-to-date sales volume increased slightly in 2019 over 2018, from 343 single-family homes sold last year to 349 homes sold this year. This overall increase happened in both parts of Kohala, as the number of single-family homes in North Kohala increased from 67 homes sold in 2018 to 72 this year.

Puako BeachSouth Kohala, experienced a an even smaller increase, rising just one unit, from 276 homes last year to 277 homes sold this year. The condo market experienced a slight change in the other direction, with year-to-date sales volume falling from 304 units sold in 2018, to 299 units sold this year.

Even though the volume of single-family homes sold in December 2019 was up slightly in Kohala from December 2018, the change in median sales price was mixed. The median sale price in South Kohala was up a healthy $45,750, from $603,250 in December 2018 to $649,000 in December 2019, while in North Kohala, the median sales price in December 2019 decreased to $662,500 from $689,000 in December 2018.

Along with its decrease in sales volume, the condo market also experienced a dramatic decrease in median sales price, with the December 2019 median sales price decreasing to $599,000 from $669,500 in December 2018.

The 2019 year-to-date median sales price numbers in Kohala all had marginal Big Island Mapchanges, with the single-family homes in North Kohala having the largest change, falling a modest 4.97% from $755,000 in 2018 to $717,500 this year. The single-family homes in South Kohala had a slight movement in the other direction, increasing just 0.50%, from $596,000 in 2018 to $599,000 this year. Meanwhile, the condo market year-to-date number was also slight change, falling just 0.37% from $540,000 in 2018 to $538,000 this year.


Analysis
: With almost all market and statistical segments having incremental movements in one direction or the other, I would have to describe the current market as stagnant. The 2019 numbers are almost the same as the 2018 numbers. It remains to be seen if this is a “pause” in the market, or a trend.
Big Island Stats

If you are thinking of buying or selling a home on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in buying or selling in. Mahalo.

December 2019 Kohala Coast Market Highlights

  • No. of single-family homes sold in North Kohala – 6
  • No. of single-family homes sold in South Kohala - 25
  • No. of condo units sold in Kohala - 19
  • YTD No. of single-family homes sold in North Kohala – 72
  • YTD No. of single-family homes sold in South Kohala – 277
  • YTD No. of condo units sold in South Kohala - 299
  • Median sales price of a single-family home in North Kohala - $662,500
  • Median sales price of a single-family home in South Kohala - $649,000
  • Median sales price of a condo in South Kohala - $599,000
  • YTD median sales price of a single-family home in North Kohala - $717,500 down 4.97%
  • YTD median sales price of a single-family home in South Kohala - $596,000 up 0.50%
  • YTD median sales price of a condo in South Kohala - $538,000 down 0.37%

If you enjoyed this update, you might enjoy Mauna Lani Resort Update for Q4 2019.

Posted by Korby Matsen on January 26th, 2020 1:09 PM

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

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


View all homes for sale on the Kohala Coast. Instantly find out the value of your Kohala Coast Home
Discover how you can save $1000’s with my Vacation Rental Management Program.

Mauna Lani Resort The number of single-family homes sold in October 2019 on the Kohala Coast increased substantially from last October, with 35 homes selling in October 2019, up from 24 homes last year. That increase was felt in both South Kohala, with 27 single-family homes selling, up from 19, and North Kohala, with 8 homes selling, up from 5 homes. The condo market also experienced an increase, rising from 17 units sold in October 2018 to 26 units this October.  


Although there was an increase in sales volume in October 2019, the overall year-to-date sales volume on the Kohala Coast has been somewhat stagnant in 2019, with 290 single-family homes being sold this year, down slightly from the 292 homes sold this time last year.

Kohala CoastThe number of single-family homes in North Kohala increased slightly from 56 homes sold by this time last year to 59 homes this year, and South Kohala saw a slight reduction, with the number of single-family homes falling from 263 homes last year to 231 homes sold this year. The number of condos sold year-to-date enjoyed a small increase, rising to 263 units sold this year from 260 units sold in 2018.

The change in median price this October over last year was, however, a mixed bag. The median sale price in North Kohala experienced a spectacular decrease, falling from $1,169,000 in October 2018 to $730,000 in October of this year. This type of wild change in median sales price is quite common in a low sales volume environment such as North Kohala.

The South Kohala median sales price in October 2019, however, saw a small increase, rising to $599,000 this year from $580,000 in October 2018. The condo market median sales price enjoyed the largest gains, rising from $508,500 in October 2018 to $720,000 this year.

Even with the mixed bag of numbers in October’s median sales price, all market Kohala Coastsegments remained relatively the same as last year in their year-to-date numbers. Single-family homes in North Kohala saw the only decrease, however small, in their year-to-date median sales price, falling an ever so slight 0.61% from $825,000 in 2018 to $820,000 this year, while the single-family homes in South Kohala remained the same, staying at $595,000 in both years. The condo market experienced the only increase in its year-to-date median sales price, rising just 1.34% from $522,000 in 2018 to $529,000 this year.

Analysis: October was the first time in many months that we saw a significant increase in sales volume. It was not, however, enough to overcome the flat year-to-date volume in 2019. And except for the usually wild fluctuations in North Kohala, the median sales price has also remained flat throughout the year. As we head into the busy winter season, it remains to be seen if 2019 is a pause in the market, or a trend.   
Big Island Stats

If you are thinking of buying or selling a home on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in buying or selling in. Mahalo.

October 2019 Market Highlights

  • No. of single-family homes sold in North Kohala – 5
  • No. of single-family homes sold in South Kohala - 27
  • No. of condo units sold in Kohala - 26
  • YTD No. of single-family homes sold in North Kohala – 59
  • YTD No. of single-family homes sold in South Kohala – 231
  • YTD No. of condo units sold in Kohala - 263
  • Median sales price of a single-family home in North Kohala - $730,000
  • Median sales price of a single-family home in South Kohala - $599,000
  • Median sales price of a condo in Kohala - $720,000
  • YTD median sales price of a single-family home in North Kohala - $820,000
  • YTD median sales price of a single-family home in South Kohala - $595,000
  • YTD median sales price of a condo in Kohala - $529,000

If you enjoyed this update, you may like Mauna Kea Resort Update for Q3 2019.

Posted by Korby Matsen on November 24th, 2019 1:36 PM

Kohala waterfront
The Kohala Coast is located on the west coast of the Big Island of Hawaii. It is called the Big Island as to not confuse it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island, containing the historic small towns of Hawi, Kapa’au, and the Kohala Ranch communities.

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



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

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


Despite the November monthly number of single-family homes sold being down, the Halii Kaioverall year-to-date volume increased in 2018 over 2017, with 296 homes being sold by this time last year and 314 homes sold this year. This overall increase was enjoyed in both parts of Kohala, with the number of single-family homes in North Kohala increasing from 53 homes sold 2017, to 58 sold homes this year and South Kohala increasing from 234 homes last year to 238 homes sold in 2018. The number of condos sold year-to-date was also a bright spot, rising from 228 units sold in 2017, to an encouraging 259 units sold this year.
 

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

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

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

If you are thinking of buying or selling a home on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in buying or selling in. Mahalo.

November 2018 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala – 4
  • No. of single-family homes sold in South Kohala - 18
  • No. of condo units sold in Kohala – 16
  • YTD No. of single-family homes sold in North Kohala – 60
  • YTD No. of single-family homes sold in South Kohala – 254
  • YTD No. of condo units sold in Kohala - 276
  • Median sales price of a single-family home in North Kohala - $381,250
  • Median sales price of a single-family home in South Kohala - $645,295
  • Median sales price of a condo in Kohala - $522,000
  • YTD median sales price of a single-family home in North Kohala - $776,000
  • YTD median sales price of a single-family home in South Kohala - $596,000
  • YTD median sales price of a condo in Kohala - $522,000

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

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

Pololu Vally Lookout
North Kohala is the majestic area located at the northern tip of the Big Island of Hawaii. It is home to the two small towns of Hawi and Kapa’au. Hawi is most famous for being the bicycle turnaround point for the annual Ironman World Championship held each October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd office location of Hawaii Luxury Real Estate.

The other small town, Kapaa’u also contains a downtown area with small shops and cafes, and is home to the original King Kamehama I Statue.  A little farther south down the coast is where the gated, upscale communities of Kohala Ranch, Kohala By-the-Sea and Kohala Waterfront are located.

Hawi Farmers Market
North Kohala contains miles of pastoral, undeveloped land, as well as a variety beautiful homes, from small starter homes to large estates, many with stunning ocean views. The southern end of North Kohala contains the gated communities of Kohala Ranch, containing many luxury homes with large lots, as well as many large lots where you can build your own Hawaiian dream home.


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

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

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



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

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

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


If you are looking to buy or sell a home in the North Kohala area, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. You can read market updates of other areas on the Kohala Coast on my Market Update Page. Mahalo.

Highlights of the North Kohala 2018 Q3 Market Update

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

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

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

Pauoa 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 not confuse 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.  

Mauna Lani Resort
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.

The number of single-family homes sold in June 2018 in Kohala increased slightly Ka Miloover the already impressive sales volume of June 2017, with 38 homes selling in June of this year, up from 35 homes selling in June 2017. That slight increase in sales volume happened in South Kohala, with the North Kohala number remaining the same as 2017. North Kohala saw 9 homes sold in June 2018, as it did in June 2017 and South Kohala rose from 26 homes sold in June 2017 to 29 homes this June. The number of condos sold in June 2018 also remained the same from year to year, with 28 units being sold in June of both years.

Even with this low monthly number increase for June, the year to date sales volume in 2018 is still well ahead of the 2017 numbers. There have been 183 single-family homes sold so far this year, outpacing the 167 homes that sold by this time in 2017. Both parts of Kohala have enjoyed this year-to-date volume increase, with North Kohala seeing 42 homes sold in 2018, up from 36 homes sold in 2017.

Kohala Coast
In South Kohala the sales volume has increased by 10 homes, with 141 homes selling this year, ups from the 131 homes sold last year, and the number of condos sold year-to-date was another bright spot, with 171 units selling this year, up impressively from 145 units sold in 2017.

Even though there was a rise in sales volume of single family home in June 2018 over June 2017 in Kohala, the rise in median sales price did not happen in all markets. The median sale price in the North Kohala and condo markets both rose, with North Kohala rising from $650,000 in June 2017 to $678,000 in June of this year, while the condo market rose from $567,000 in June 2017 to $650,000 in June of this year. The only market to see a decrease in the median sales price was South Kohala, where the median sales price in June 2018 decreased to $557,000 from $580,000 in June 2017.

Big Island mapEven with the decrease in the monthly median sales price for homes in South Kohala, it and all the other markets experienced an increase in the year-to-date median sales price numbers. The median year-to-date sales price in North Kohala saw the largest increase, rising an amazing 32%, from $625,000 in 2017 to $825,000 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 increasing 5.45% from $569,000 in 2017 to $600,000 this year, while the condo market had an even smaller increase, rising 2.45%, from $512,000 in 2017 to $525,000 this year.

Analysis: The sales volume and sales prices in 2018 continues to outpace the already impressive 2017 year we had on the Kohala Coast. The numbers in June 2018 are the same or better than June 2017 and, even with the bad press received about the volcano eruptions on the south end of the island, show no signs of slowing down.
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 2018 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 - $678,000
  • Median sales price of a single-family home in South Kohala - $557,000
  • Median sales price of a condo in South Kohala - $650,000
  • YTD median sales price of a single-family home in North Kohala - $825,000
  • YTD median sales price of a single-family home in South Kohala - $600,000
  • YTD median sales price of a condo in South Kohala - $525,000           

If you enjoyed this update, you may like Mauna Lani Resort Update for Q2 2018.

Posted by Korby Matsen on July 22nd, 2018 12:05 PM

Kohala Coast
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 bicycle turnaround point for the annual Ironman World Championship held each October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd Office location of Hawaii Luxury Real Estate.

Hawi Farmers MarketThe 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 of beautiful homes, from small starter homes to large estates, many with stunning ocean views. The southern end of North Kohala contains the gated communities of Kohala Ranch, containing many luxury homes with large lots, as well as many 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. Discover how my Vacation Rental Management Program can save you $1,000’s.

Kohala RanchAt the time of this writing (May 25th), there were 36 single-family homes for sale and 12 homes escrow in the North Kohala area, while an amazing 107 land lots are for sale, with 10 lots in escrow.  There are no condos located in North Kohala, so there are no statistics on that market segment.

Of the homes for sale in North Kohala, the highest priced one is listed at $5,750,000 and is located at 55-3287 Hoea Makai Rd in the lovely town of Hawi. For you bargain hunters, the lowest priced home on the market is located at 54-2475 Kynnersley Rd, in Kapa’au, and it is listed at the low price of $289,000.

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, the lowest priced land lot for sale is listed at $169,000, and a 3-acre lot located in Kohala Ranch.

Sales have remained steady in North Kohala throughout 2017, and the Q1 time frame of January through March 2018 continued that trend with 23 single-family homes being sold. The highest priced of these homes is located at 56-3021 Puakea Bay Dr, in the Puakea Bay Ranch subdivision. It was listed at $2,880,000 and sold for $2,735,000. The lowest priced home to sell in North Kohala was listed at $269,900 and sold for $265,000. It is located at 53-3959 N Kahiwa Pl in Kapa’au.

Kohala CoastIn the land market segment there were 10 lots sold in Q1 of 2018. The highest price lot sold for $905,000 from a list price of $995,000 and is 17.55 acres located at 56-102 Old Coast Guard Rd in Hawi. The lowest priced lot to sell in Q1 is a 25,703 sq ft lot located on Puahuehue Rd in Kapa’au, and it sold for $255,000 from a list price of the same amount.

Analysis: With just 36 single-family homes on the market, and homes selling at over 20 homes a quarter, we have clearly entered a Sellers’ Market in North Kohala. On the other hand, 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 2018 Q1 Market Update

  • Number of homes currently for sale – 36
  • Number of homes currently in escrow – 12
  • Number of land lots for sale – 107
  • Number of land lots in escrow - 10
  • Highest priced home currently for sale – $5,750,000 - 55-32867 Hoea Makai Rd, Hawi
  • Lowest priced home currently for sale – $289,000 - 54-2475 Kynnersley Rd, Kapaau
  • Highest priced land lot for sale - $18,500,000 – 498 acres, Lokai Rd, Hawi
  • Lowest priced land lot for sale - $169,000 – 3 acres, Kohala Ranch
  • Number of homes sold in Q1 (Jan – Mar) – 23
  • Number of land lots sold in Q1 (Jan – Mar) - 11
  • Highest priced home sold in Q1 - $2,735,000 -  56-3021 Puakea Bay Dr, Puakea Bay Ranch
  • Lowest priced home sold in Q1 – $265,000 - 53-3959 N Kahiwa Pl, Kapaau
  • Highest priced land lot sold in Q1 - $905,000 – 17.55 acres, 56-102 Old Coast Guard Rd, Hawi
  • Lowest priced land lot sold in Q1 - $265,000 – ½ acre, Puahuehue Rd, Kapa’au

If you enjoyed this update, you may like Kohala Real Estate Market Update for April 2018

Posted by Korby Matsen on May 27th, 2018 3:06 PM

Kohala Coast
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 not confuse 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.  

Mauna Lani Resort
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 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 2018 in Kohala rose modestly over April 2017, with 28 single-family homes selling in April this year, up from 21 homes selling in April 2017. There was a sales volume increase in both parts of Kohala, with the volume in North Kohala increasing by 4 homes (from 3 homes up to 7) and in South Kohala sales volume increased by a slight 3 homes (up from 18 homes to 21). The number of condos sold year over year in April also saw a healthy increase, rising from 25 units last year to 35 units this year.  


As with the monthly number, the year-to-date volume also experienced an increase in Mauna Lani Resort2018, with 111 single-homes being sold this year, as opposed to 99 homes being sold by this time in 2017.  Also mirroring the monthly number, the increase happened in both parts of Kohala, with sales volume in North Kohala increasing from 18 single-family homes sold in 2017, to 30 homes this year. South Kohala’s year-to-date volume remained the same as last year, with 81 homes being sold in both 2017 & 2018. The number of condos sold year-to-date was also a bright spot, with volume rising from 92 units sold last year, to 114 units sold in 2018.

While the volume of single-family homes sold in April 2018 was up compared to April Kohala Coast2017 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 slight drop, from $620,120 in April 2017 to $600,000 in April of this year, while in North Kohala, the median sales price in April 2018 rose a dramatic $494,425 to $1.342,425 from $850,000 in April 2017. 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 prices move in the upward direction, with the April 2018 median sales price rising a healthy $124,500 to $549,500 from $425,000 in April 2017.

Although the monthly numbers for the April median sales price were somewhat mixed, the year-to-date numbers were all up. North Kohala led the way with a whopping 41.9% increase in its year-to-date median sales price, increasing from $626,500 in 2017 to $889,000 this year, again, this had more to do with the low number of sales in that area than a rapid increase in prices. The other two market segments also experienced increases, with single-family homes in South Kohala increasing modestly, from $588,000 in 2017 to $645,000 this year, an increase of 9.69%. The median year-to-date sales price in the condo market also increased, albeit by a smaller amount, rising a modest 4.63% from $475,000 in 2017 to $497,000 this year.

Analysis: As we head deeper into 2018, sales volume in all segments are up over the 2017 numbers. And the median sales price is also continuing its upward trend, except for a slight drop in South Kohala single-family home prices, all markets experienced an increase over the 2017 numbers. So, with prices rising and inventory dropping, most of the markets on the Kohala Coast are now in a Balanced Market, with a few, like Waikoloa Village, entering a Sellers’ Market.

Big Island

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. Read market updates from the different areas of the Kohala Coast on my Market Updates page.  Mahalo.

April 2018 Market Update Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 21
  • No. of condo units sold in South Kohala - 35
  • YTD No. of single-family homes sold in North Kohala – 30
  • YTD No. of single-family homes sold in South Kohala – 81
  • YTD No. of condo units sold in South Kohala - 114
  • Median sales price of a single-family home in North Kohala - $600,000
  • Median sales price of a single-family home in South Kohala - $1,342.425
  • Median sales price of a condo in South Kohala - $459,000
  • YTD median sales price of a single-family home in North Kohala - $889,000
  • YTD median sales price of a single-family home in South Kohala - $645,000
  • YTD median sales price of a condo in South Kohala - $497,000

If you enjoyed this update, you mike like Waikoloa Beach Market Update for Q1 2018.

Posted by Korby Matsen on May 20th, 2018 4:59 PM

Mauna Lani Resort
The Kohala Coast is located on the west coast of the Big Island of Hawaii. The Big Island received this name as to not confuse it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island.  

Mauna Lani Point
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 thousands.

KoleaThe number of single family homes sold in March 2018 in Kohala decreased slightly over March 2017, with 35 homes selling in March this year, down from 38 homes selling in March 2017. The decline in sales volume only occurred in South Kohala though, with 26 homes being sold this March down from 34 homes sold in March 2017, while the volume in North Kohala increased from 4 homes in March 2017 to 9 homes this year. The number of condos sold year over year in March had a slight increase this year, increasing to 33 units this year from 27 units last March.  

Although the overall monthly number decreased, the year to date volume saw a slightWaikoloa Beach Resort increase in 2018, with 82 homes being sold this year, as opposed to 78 homes being sold by this time in 2017.  This overall increase happened despite the sales volume decrease in South Kohala, with the number of single-family homes in North Kohala increasing to 22 homes sold this year from 15 homes sold last year. South Kohala decrease was a small one, dropping from 63 homes last year to 60 homes sold this year. The number of condos sold year-to-date in Kohala also saw a considerable increase, rising from 67 units sold last year, to 77 units sold in 2018.

With the sales volume of single-family homes sold in March 2018 being a mixture of Waikoloa Beach Resortup and down numbers compared to March 2017 in Kohala, the change in median sales price from segment to segment also reflected that. The median sale price in South Kohala rose from $570,000 in March 2017 to $654,000 in March of this year, while in North Kohala, the median sales price in May 2018 increased an astounding $358,000, from $495,000 in March 2017 to $853,000 this year. As I have stated in the past, this type of dramatic change in median sales price is quite common when dealing with such a low sales volume. The condo market was the only segment to see a decrease, with the March 2018 median sales price dropping to $495,000 from $550,000 in March 2017.

Big Island
The year-to-date median sales price changes in the different areas and sectors mirror the changes in the monthly March 2018 numbers. The only area to see a decrease was the condo segment, as it did in the monthly number. The median year-to-date sales price in the condo market fell a slight 2.94% from $510,000 in 2017 to $495,000 this year.


Meanwhile, North Kohala saw a huge change in the other direction for its year-to-date median sales price, increasing an extraordinary 37.35% from $565,000 in 2017 to $776,000 this year; again, this had a lot more to do with the low number of sales in that area than price increases. The single-family homes in South Kohala also enjoyed a healthy increase, moving upward 11.41%, from $587,000 in 2017 to $654,000 this year.

Analysis: With five to six months’ supply of inventory being considered a balanced market, the five months of inventory in the condo market and single-family home market in both North and South Kohala, confirms that every segment of the market is firmly in a Balanced Market.
Big Island

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 2018 Kohala Market Highlights

  • No. of single family homes sold in North Kohala -9
  • No. of single family homes sold in South Kohala - 26
  • No. of condo units sold in South Kohala - 33
  • YTD No. of single family homes sold in North Kohala -22
  • YTD No. of single family homes sold in South Kohala - 60
  • YTD No. of condo units sold in South Kohala - 77
  • Median sales price of a single-family home in North Kohala - $853,000
  • Median sales price of a single-family home in South Kohala - $654,000
  • Median sales price of a condo in South Kohala - $495,000
  • YTD median sales price of a single-family home in North Kohala - $776,000
  • YTD median sales price of a single-family home in South Kohala - $654,000
  • YTD median sales price of a condo in South Kohala - $495,000

If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q1 2018.

Posted by Korby Matsen on May 6th, 2018 3:45 PM

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