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Kohala Coast Real Estate News

Kohala Waterfront
The Kohala Coast is the majestic area located on the west coast of the Big Island of Hawaii. The name Big Island came about as to distinguish it from the State of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the northern, more rural end of the island, which includes the small towns of Hawi and Kapa’au, as well as the Kohala Ranch neighborhoods a little 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.

The sales volume in all market segments moved slightly in one direction or another in Mauna Lani Resort 2019. North Kohala experienced the largest change, with the sales volume increasing by 9%, from 67 single-family homes sold in 2018 to 73 sold in 2019.

The number of single-family homes sold in South Kohala increased by just one unit, from 276 homes in 2018 to 277 homes sold this past year. The number of condos sold in 2019 experienced a slight decline, falling from 304 units sold in 2018, to 301 units sold in 2019, a drop of 1%.

The same could be said about the median sale price in 2019, with single-family homes in all areas of Kohala experiencing slight variations from their 2018 numbers. North Kohala RanchKahala had the largest variation, falling a modest 3% from $755,000 in 2018 to $735,000 in 2019.

The single-family homes in South Kohala had a small move in the other direction, rising a slight 0.50%, from $596,000 in 2018 to $599,000 in 2019. The condo market also had a very slight move, decreasing a minor 0.93% from $540,000 in 2018 to $535,000 in 2019.


Analysis
: The sales volume and median sales price numbers on the Kohala Coast all experienced changes so small they could be considered insignificant. With 2017 and 2018 being two solid years, the sales volume in 2019 being the same amount is not necessarily a bad thing, but the stagnant median sales prices are somewhat surprising. As we enter 2020, it remains to be seen if this is a market “pause” or a trend.

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.

View all homes for sale on the Kohala Coast. Find out instantly the value of your Kohala Coast Home. Discover how my Vacation Rental Mgt Program can save you $1000’s.
Big Island Stats

2019 Kohala Real Estate Market Highlights

  • No. of single-family homes sold in North Kohala – 73
  • No. of single-family homes sold in South Kohala – 277
  • No. of condo units sold in South Kohala – 304
  • Median sales price of single-family homes in North Kohala - $735,000 down 3% over 2018
  • Median sales price of single-family homes in South Kohala - $599,000 up 0.50% over 2018
  • Median sales price of condos in South Kohala - $535,000 down 0.93% over 2018

If you enjoyed is update, you may like Mauna Lani Resort Market Update for Q4 2019.

Posted by Korby Matsen RB-21643 on January 18th, 2020 1:50 PM

Kohala Coast
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 Hawismall 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.

 

Kohala Coast
North Kohala
contains miles of pastoral, undevelop
ed 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. 

At the time of this writing (Dec 1st), there were 53 single-family homes for sale in theKohala Ranch North Kohala area and 13 homes in escrow. There are no condos located in North Kohala, so we do not collect statistics on them, but raw land is plentiful. There are currently 120 land lots for sale with 7 lots in escrow. Of the homes for sale in North Kohala, the highest priced one is listed at $3,700,000, and is located at 59-134 Kihi Kihi Pl in Kohala Waterfront.

At the other end of the spectrum, the lowest priced home on the market is located at 54-3745 Akoni Pule Hwy in Kapa’au and is listed at the low price of $215,000. The Kohala Ranchhighest priced land lot for sale is a 28.18-acre lot in the Kohala Kai Development and is priced at $11,500,000, while the lowest priced one is a 3.22-acre lot in Kohala Ranch priced at $158,000. 

Sales in the Q3 time frame of July through September 2019 continue to be strong, with 20 single-family homes selling in North Kohala during this time. The highest priced single-family home to sell is located at 59-137 Kihi Kihi Place, in the Kohala Waterfront subdivision. It was listed at $2,495,000 and sold for $2,425,000. The Kohala Coastlowest priced single-family home to sell in North Kohala was listed at $300,000 and sold for the same price. It is located at 53-4162 Akoni Pule Hwy, in Kapa’au.

In the North Kohala raw land market, there were 13 lots sold in Q3. The highest priced one to sell is a 28.31-acre lot in Kapa’au that sold for $625,000 from a list price of the same amount. The lowest priced lot to sell was a 3.33-acre lot in Kohala Ranch. It sold for $120,000 from a list price of $139,000.

Analysis: After a slow start at the beginning of the year, the last two quarters have seen strong sales of single-family homes in North Kohala. However, the strong sales have not reduced the inventory levels significantly, keeping the single-family home segment in a Balanced Market. There continues to be plenty of inventory raw land, giving buyers plenty to choose from, and keeping the segment 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 2019 Q3 Market Update

  • Number of Homes currently for sale – 52
  • Number of homes currently in escrow – 12
  • Number of land lots for sale – 120
  • Number of land lots in escrow - 7
  • Highest priced home for sale – $3.700,000 – 59-134 Kihiu Kihi Pl
  • Lowest priced home for sale – $215,000 – 54-3745 Akoni Pule Hwy
  • Highest priced land lot for sale - $11,500,000 – 28.18 Acres, Kohala Kai Dev.
  • Lowest priced land lot for sale - $158,000 – 3.22 Acres. Kohala Ranch
  • Number of homes sold in Q3 (July – Sept) -20
  • Number of land lots sold in Q3 (July – Sept) - 13
  • Highest priced home sold in Q3 – $2,426,000 59-137 Kihi Kihi pl, Kohala Waterfront
  • Lowest priced home sold in Q3 – $300,000 – 53-4162 Akoni Pule Hwy, Kapa’au
  • Highest priced land lot sold in Q3 - $625,000 – 28.18 Acres, Kapa’au
  • Lowest priced land lot sold in Q3 - $120,000 – 3.33 Acres, Kohala Ranch

If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q3 2019.

Posted by Korby Matsen RB-21643 on December 30th, 2019 11:55 AM

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 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, containing the historic small towns of Hawi, Kapa’au, and the Kohala Ranch communities.

Ka Milo at Mauna Lani
South Kohala
is just south of Kohala Ranch and contains 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 November 2019 was up slightly Mauna Lani Resort over November 2018, with 22 homes selling in November 2018, while 26 homes were sold this November. This increase in sales volume happened in both parts of Kohala. In South Kohala, the volume increased slightly, from 18 homes to 19, and in North Kohala there was an increase of 3 homes, from 4 homes up to 7. The number of condos sold remained the same in November 2019 over last November, with 17 units selling both years.  


As with the November monthly number of single-family homes sold, the overall year-Ka Milo at Mauna Lanito-date volume also increased marginally in 2019 over 2018, with 277 homes being sold by this time last year, while 280 homes were sold this year. This overall increase was not enjoyed in both parts of Kohala, with the number of single-family homes in North Kohala increasing from 60 homes sold 2018, to 66 sold homes this year, while South Kohala decreased from 254 homes last year to 251 homes sold in 2019. The number of condos sold year-to-date was also up marginally, rising from 277 units sold in 2018, to 280 units sold this year.

Even though the sales volume of single-family homes in Kohala experienced slight Halii kaiincreases in November 2019 from November 2018 in most market segments, the change in median sales price was somewhat of a mixed bag. The median sale price in South Kohala experienced a small decrease, falling from $645,295 in November 2018 to $625,000 in November of this year, while North Kohala experienced the only increase, rising a small amount, from $381,250 in November 2018 to $390,000 this November. The condo market was the only segment to remain the same, with the November median sales price being $535,000 in both years.

Although the monthly numbers for November were a mixed bag, the year-to-date Big Island Mapnumbers in November 2019 were mostly down. The year-to-date median sales price of single-family homes in North Kohala experienced the largest decrease, falling 4.32%, from $776,000 in 2018 to $742,500 this year. The median price of single-family homes in South Kohala had less of a decrease, falling just 0.17% from $596,000 in 2018 to $595,000 this year, while the condo market saw the only increase, rising just 0.86%, from $525,000 last year to $529,000 in 2019.


Analysis:
The monthly sales volume and median sales price numbers in November 2019 reflect how the market has been for most of 2019 in Kohala. A market that has pretty much remained flat in sales volume and price appreciation, in comparison to 2018.
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 2019 Kohala Market Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 19
  • No. of condo units sold in Kohala – 17
  • YTD No. of single-family homes sold in North Kohala – 66
  • YTD No. of single-family homes sold in South Kohala – 251
  • YTD No. of condo units sold in Kohala - 280
  • Median sales price of a single-family home in North Kohala - $390,000
  • Median sales price of a single-family home in South Kohala - $625,000
  • Median sales price of a condo in Kohala - $535,000
  • YTD median sales price of a single-family home in North Kohala - $742,500
  • YTD median sales price of a single-family home in South Kohala - $595,000
  • YTD median sales price of a condo in Kohala - $529,500

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

Posted by Korby Matsen RB-21643 on December 21st, 2019 9:50 AM

Waikoloa Village Golf
Waikoloa Village is a community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single-family homes.  Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.

Waikoloa Village MarketAlso within Waikoloa Village is the Waikoloa Highlands Shopping Center, which contains many shops and restaurants, including the Waikoloa Village Market, Island Lava Java and Pueo’s Osteria Italian restaurant. With its proximity to the world famous resorts and world class beaches, Waikoloa Village makes for an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.


View all homes for sale in Waikoloa Village. Instantly find out the value of your Waikoloa Village Home.

Waikoloa VillageAt the time of this writing (Nov 1st), there were 41 single-family homes for sale with 16 homes in escrow, and 14 condos for sale with 8 in escrow, in Waikoloa Village. Of the homes for sale, the highest priced one is located at 68-1872 Puu Nui St, and is priced at $1,188,888, while the highest priced condo on the market is listed at $615,000 and is located at The Pointe at Waikoloa, Unit 23. 

At the other end of the spectrum, the lowest priced single-family home on the market is located at 68-1752 Makuakane St and is listed at the low price of $353,000. While Waikoloa Villagethe lowest priced condo currently on the market is listed at $190,000 and is Unit M202 in Fairway Terrace.

When it comes to sales in the 3rd Quarter, the number of single-family homes sold, as usual, was a quite a bit higher than the number of condos sold. In the time from July 2019 through September 2019 there were 37 single-family homes sold in Waikoloa Village, while 19 condos were sold.


The highest priced of these homes sold is located at 68-2178 Laakea Way and sold for Waikoloa Village$779,775, from a list price of $750,000, while the highest priced condo sold for $495,000 from a list price of $490,000 and is #17 at 17th Fairway Villas. The lowest priced single-family home to sell during the 3rd Quarter is located at 68-3505 Iwikuamoo Dr and had a sale price of $255,000, from a list price of the same amount. In the condo market, the one with the lowest sale price went for $142,000 from a list price of $144,900, and is in Waikoloa Village Condos, #AS1.

Analysis: The sales volume of single-family homes in Waikoloa Village jumped significantly in Q3 over the last two quarters, while condo sales have moved just has dramatically in the other direction. Neither of these movements were enough to change Waikoloa Village from staying a Sellers’ Market.  

If you are looking to buy or sell a home in Waikoloa Village, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams a reality. Mahalo

Highlights of the 2019 Q3 Waikoloa Village Update 

  • Number of single-family homes currently for sale – 41
  • Number of single-family homes currently in escrow - 16
  • Number of condos currently for sale – 14
  • Number of condos currently in escrow - 8
  • Highest priced single-family home currently for sale – $1,188,888 68-1872 Puu Nui St
  • Highest priced condo currently for sale - $615,000 The Pointe at Waikoloa #23
  • Lowest priced single-family home currently for sale – $353,000 68-1725 Makuakane St
  • Lowest priced condo currently for sale - $190,000 Fairway Terrace #M202
  • Number of single-family homes sold in Q3 (July – Sept) – 37
  • Number of condos sold in Q3 (July – Sept) – 19
  • Highest priced single-family home sold in Q3 – $779,775 68-2178 Laakea Way
  • Highest priced condo sold in Q3 - $495,000 17th Fairway Villas #17
  • Lowest priced single-family home sold in Q3 – 355,000 68-3505 Iwikuamoo Dr
  • Lowest priced condo sold in Q3 - $142,000 Waikoloa Village Condos #AS1

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

Posted by Korby Matsen RB-21643 on December 14th, 2019 2:31 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 RB-21643 on November 24th, 2019 1:36 PM

Kohala Coast
The Kohala Coast is located on the west coast of the Big Island of Hawaii. They call it The Big Island to avoid the confusion 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.

Kings Shops
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 you can save $1000’s with my Vacation Rental Management Program.

The number of single-family homes sold on the Kohala Coast in September 2019 remained the same as September 2018, with 20 homes selling in September of both Kohala Waterfrontyears. That similarity was not felt in both parts of Kohala with North Kohala’s sales volume increasing (from 3 homes up to 6), and South Kohala’s decreasing (from 17 homes down to 14). The condo market also had a small decrease, down from 21 units sold in September 2018 to 18 units this September.

Although the monthly sales volume remained the same in September of both years, the year-to-date volume in Kohala experienced a decrease, with 254 homes being sold this Kohala by the Seayear, down from 268 homes in 2018. This decrease was felt in all market segments, except for North Kohala where the number of single-family homes remained the same at 51 homes sold.

South Kohala, however, experienced a substantial decrease, with the number of single-family homes falling from 217 homes last year to 203 homes sold this year. As with the other market segments, the condo year-to-date volume also fell, dropping to 236 units this year from 243 units sold in 2018.

Kohala RanchUnlike the sales volume, the change in the September median sales price was up across the board. The median sale price in North Kohala experienced the biggest rise in median sales price, rising from $490,000 in September 2018 to an amazing $940,000 in September of this year.

The South Kohala median sales price in September 2018 saw an impressive increase, rising from $615,000 in September 2018 to $641,250 this year. The condo market median sales price increase was also dramatic, increasing from $477,000 in September 2018 to $597,500 this year.

Big Island Map
Other than North Kohala, the year-to-date median sales price continued its slowing trend. Single-family homes in North Kohala experienced the only increase, rising a dramatic 12.92% from $797,000 in 2018 to $900,000 this year. While in South Kohala, single-family homes remained unchanged at $595,000. The South Kohala condo market had a fractional decrease, falling 0.52% from $525,000 in 2018 to $522,250 this year.


Analysis:
The September 2019 sales volume, as well as the year-to-date numbers, continue their cooling trend over 2018’s numbers. The September monthly median sales price did see gains over last September’s number, so it may be a sign that the cooling trend is ending.
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.

September 2019 Market Highlights

  • No. of single-family homes sold in North Kohala – 6
  • No. of single-family homes sold in South Kohala - 14
  • No. of condo units sold in Kohala - 18
  • YTD No. of single-family homes sold in North Kohala – 51
  • YTD No. of single-family homes sold in South Kohala – 203
  • YTD No. of condo units sold in Kohala - 236
  • Median sales price of a single-family home in North Kohala - $940,000
  • Median sales price of a single-family home in South Kohala - $641,250
  • Median sales price of a condo in Kohala - $597,500
  • YTD median sales price of a single-family home in North Kohala - $900,000
  • YTD median sales price of a single-family home in South Kohala - $595,000
  • YTD median sales price of a condo in Kohala - $522,250

If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q3 2019.

Posted by Korby Matsen RB-21643 on October 20th, 2019 9:22 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 something for every discerning buyer. 
The Mauna Lani Resort 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 Resort, Mauna Lani The Shops at Mauna Lani(currently closed for renovations) and the Fairmont Orchid Hotel. Both hotels offer a variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurants choices, including Tommy Bahamas’ and Ruth’s Chris Steakhouse, as well as a variety of shops and boutiques, and of course, the world-class, white sand beaches await your discovery.

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

Mauna Lani Resort At the time of this writing (Oct 1st), there were 14 single-family homes for sale and 3 homes in escrow in the Mauna Lani Resort, with 32 condos for sale and 6 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 listed at $3,300,000 and is unit #2B1R in The Residences of Laulea. 


At the other end of the spectrum, the lowest priced single-family home on the market is located at 68-1122 N Kaniku Dr #343, in the Ka Milo at Mauna Lani development. Golf Villas at mauna LaniIt is listed at $1,699,000. On the condo side, the lowest priced unit currently on the market is listed at the $549,000, and is #E-1, in the Palm Villas at Mauna Lani.

When it comes to sales in 3rd Quarter, the number of condos sold was, as usual, quite higher than the number of single-family homes sold. In the Q3 time frame of July 2019 through September 2019 there were 5 single-family homes sold in the Mauna Lani Resort, while 20 condos were sold.

Of the 5 homes that sold, the highest priced one is located at 68-1063 Honokaope Pl, also in 49 Black Sand, and it sold for $2,000,000, from a list price of $2,250,000. Mauna Lani Resort While the lowest priced single-family home to sell is located at 68-1122 N Kaniku Dr
#347, in Ka Milo at Mauna Lani. It sold for $1,499,000, from a list price of the same amount.

The highest priced of the 20 condos sold in Q3 was Mauna Lani Terrace #D301 and it had a sale price of $1,750,000, from a list price of the same amount, while the condo with the lowest sale price went for $540,000, from a list price of $541,000 and is Unit #J3 in the Golf Villas at Mauna Lani.

Analysis: The sales volume of condos in Mauna Lani Resort have seen an uptick in Q2 & Q3 compared to the latter part of 2018 and beginning of 2019, with a corresponding drop in inventory. This puts Maina Lani Resort in a balanced market between buyers and sellers. However, in the single-family home segment, the sales volume has been steady, but not enough to deplete the inventory levels, keeping it in a buyer’s market.

If you are looking to buy or sell a home in the Mauna Lani Resort, or are looking to save money on your Vacation Rental Management fees, contact me today. I will help make your Hawaiian Real Estate dreams a reality. Market Updates for other areas of the Kohala Coast can be found on the Market Update Page of my website. Mahalo

Highlights of the Q3 2019 Mauna Lani Market Update 

  • Number of homes currently for sale – 14
  • Number of homes currently in escrow - 3
  • Number of condos currently for sale – 32
  • Number of condos currently in escrow - 6
  • 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 of Laulea #2B1R
  • Lowest priced home currently for sale – $1,699,000 68-1122 N Kaniku Dr #343
  • Lowest priced condo currently for sale - $549,000 Palm Villas at Mauna Lani #E-1
  • Number of homes sold in Q3 (July – Sept) – 5
  • Number of condos sold in Q3 (July – Sept) – 20
  • Highest priced home sold in Q3 – $2,000,000 – 68-1063 Honokaope Pl, in 49 Black Sand
  • Highest priced condo sold in Q3 - $1,750,000 Mauna Lani Terrace #D301
  • Lowest priced home sold in Q3 –$1,499,000 68-1122 N Kaniku Dr #347
  • Lowest priced condo sold in Q3 - $540,000 Golf Villas at Mauna Lani #J3

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

Posted by Korby Matsen RB-21643 on October 5th, 2019 11:14 AM

North Kohala
North Kohala is a 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.

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

North Kohala contains miles of pastoral, undeveloped land, as well as a variety of North Kohalabeautiful homes, from small plantation 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.  Instantly find out what your Kohala Coast Home is worth. 

North KohalaAt the time of this writing (Sept 1st), there were 57 homes for sale in the North Kohala area and 15 homes in escrow. In the land lot market, there are 122 lots for sale, with 4 lots in escrow. There are no condos located in North Kohala, so there are no statistics for that market segment.  Of the homes for sale, the highest priced one is an almost waterfront home located at 59-134 Kihi Kihi Pl in Kohala Waterfront and is listed at $3,700,000.  

The highest priced land lot for sale is listed at $18,500,000 and is 498 pristine acres on Kohala RanchLokahi Rd in Kapa’au. At the other end of the spectrum, the lowest priced home on the market is located at
53-4389 Akoni Pule Hwy in Kapa’au, a fixer upper listed at the low price of $110,000, while the lowest priced lot for sale is 3 acres on Ka Nani Dr in Kohala Ranch, currently listed at $159,000.

Sales continue to be steady in North Kohala, with the Q2 time frame of April through June 2019 seeing 21 homes and 12 land lots sold. The highest priced of these homes is North Kohalalocated at 55-3287 Hoea Makai Rd in Hawi. It was listed at $5,800,000 and sold for $2,750,000. The highest priced land lot to sell went for $550,000 from a list price of $595,000. It is 29.2 acres located in Kapa’au.


The lowest priced home to sell in North Kohala was listed at $212,000 and sold for $192,800. It is located at 55-3429 Keawe Iki St in Hawi, while the lowest priced lot to sell went for $85,000 from a list price of $143,000. It is a 14,898 sq ft lot in Hawi.

Analysis: Sales volume and inventory levels in North Kohala continue to remain steady, keeping the house market in North Kohala in a balanced market. But if you are looking for raw land, lots are plentiful and North Kohala continues to be in 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 real estate market updates of other areas on the Kohala Coast on the Market Update Page of my website.

Highlights of the North Kohala Q2 2019 Market Update

  • Number of homes currently for sale – 57
  • Number of homes currently in escrow – 15
  • Number of land lots currently for sale - 122
  • Number of land lots currently in escrow - 4
  • Highest priced home currently for sale – $3,700,000 – 59-134 Kihi Kihi Pl, Kohala Waterfront
  • Highest priced land lot currently for sale - $18,500,000 – 498 Acres, Lokahi Rd, Kapa’au
  • Lowest priced home currently for sale – $110,000 - 53-4389 Akoni Pule Hwy, Kapa’au
  • Lowest priced land lot currently for sale - $159,900 – 3 Acres, Ka Nani Dr, Kohala Ranch
  • Number of homes sold in Q2 (Apr – Jun) – 21
  • Number of land lots sold in Q2 (Apr – Jun) - 12
  • Highest priced home sold in Q2 – $2,750,000 55-3287 Hoea Makai Rd, Hawi
  • Highest priced land lot sold in Q2 - $550,000 – 29.2 Acres, Kapa’au
  • Lowest priced home sold in Q2 - $192,800 - 55-3429 Keawe Iki St, Hawi
  • Lowest priced land lot sold in Q2 - $85,000 – 14,898 sq ft, Hawi Village, Hawi

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

Posted by Korby Matsen RB-21643 on September 29th, 2019 3:22 PM

Mauna Lani Point
The Kohala Coast is a spectacular area located on the west coast of the Big Island of Hawaii. The Big Island got its name 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.

Mauna Lani Resort
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 our Vacation Rental Management Program can save you $1,000’s.

The number of single-family homes sold in August 2019 in Kohala increased slightly Colony Villasover last August, with 36 homes selling in August this year, up from 34 homes selling in August 2018. This boost came from the increase in sales volume in North Kohala, with the volume in North Kohala rising moderately from 2 homes sold in August 2018 to 7 homes this year, while South Kohala’s August 2019 number fell to 29 single-family homes from 32 homes last August. The number of condos sold in August 2019 also experienced a drop, with sales volume falling from the 2018 number, down from 37 units last August to 23 units this year.    

Although the numbers were mixed, the year to date volume in 2019 is down in all Mauna Lani Resort market segments. There were 232 single-family homes sold this year in Kohala, down from 248 homes being sold by this time in 2018.  This decrease was felt in both parts of Kohala with the number of single-family homes sold in North Kohala decreasing slightly, (from 48 homes in 2018 to 45 homes this year) while the sales volume in South Kohala had an even larger decrease (from 200 single-family homes sold last year to 187 homes this year). The year-to-date number of condos sold is also behind last year’s pace, falling from 222 units sold last year, to 217 units sold in 2019.

Although the decrease in the number of single-family homes sold in August 2019 was Kohala Coastfelt in all regions, the change in median sales price was not. The median sale price in North Kohala rose from $612,338 in August 2018 to an amazing $725,000 in August of this year, while in South Kohala, the median sales price experienced a slight decrease, falling from $577,500 in August 2018 to $565,000 in August this year. The condo market also experienced the downward slide in prices, with the August 2019 median sales price falling to $525,000 from $585,000 in August 2018.

As with the monthly sales volumes, the year-to-date median sales price also fell across Kohala Waterfrontall market segments, except North Kohala. The median year-to-date sales price in the condo market experienced the largest drop, falling a slight 0.95% from $525,000 in 2018 to $520,000 this year. Meanwhile, South Kohala’s single family home median sales price received an even smaller drop, decreasing 0.34% from $595,000 in 2018 to $593,000 this year. The single-family homes in North Kohala saw the only increase, rising 0.69%, from $864,000 in 2018 to $870,000 this year.


Analysis:
 
As we progress through 2019, both the monthly and year-to-date sales volumes have declined over the 2018 numbers. The price appreciation is also stagnant in most markets.

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.

August 2019 Kohala Coast Market Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 29
  • No. of condo units sold in South Kohala - 23
  • YTD No. of single-family homes sold in North Kohala – 45
  • YTD No. of single-family homes sold in South Kohala – 187
  • YTD No. of condo units sold in South Kohala - 217
  • Median sales price of a single-family home in North Kohala - $725,000
  • Median sales price of a single-family home in South Kohala - $565,000
  • Median sales price of a condo in South Kohala - $525,000
  • YTD median sales price of a single-family home in North Kohala - $870,000
  • YTD median sales price of a single-family home in South Kohala - $593,000
  • YTD median sales price of a condo in South Kohala - $520,000           

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

Posted by Korby Matsen RB-21643 on September 25th, 2019 10:01 AM

Kohala by the Sea
The Kohala Coast is a majestic area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to differentiate it between the State of Hawaii and the Island of Hawaii. The Kohala Coast is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, 
containing the small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities on the south end. 

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


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

The number of single-family homes sold in July 2019 in Kohala had a slight increase over July 2018, with 35 homes selling in July of this year, up from 31 homes selling in Mauna Lani Resort July 2018. That increase in sales volume was felt in both the South Kohala market, as well as North Kohala.

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

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

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


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

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


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

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

July 2019 Kohala Coast Market Highlights

  • No. of single-family homes sold in North Kohala – 7
  • No. of single-family homes sold in South Kohala - 28
  • No. of condo units sold in South Kohala - 23
  • YTD No. of single-family homes sold in North Kohala – 38
  • YTD No. of single-family homes sold in South Kohala – 156
  • YTD No. of condo units sold in South Kohala - 194
  • Median sales price of a single-family home in North Kohala - $405,000
  • Median sales price of a single-family home in South Kohala - $590,000
  • Median sales price of a condo in South Kohala - $513,000
  • YTD median sales price of a single-family home in North Kohala - $810,000
  • YTD median sales price of a single-family home in South Kohala - $592,350
  • YTD median sales price of a condo in South Kohala - $513,000           

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

Posted by Korby Matsen RB-21643 on September 1st, 2019 1:27 PM

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