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Kohala Coast Real Estate News

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

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

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


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

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

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

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

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

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

Big Island StatsAs with the decrease in the monthly median sales price for homes in Kohala, all the markets year-to-date median sales price numbers reflected their monthly numbers. The median year-to-date sales price in North Kohala saw the only increase, rising 24%, from $825,000 in 2018 to $1,023,000 this year; this kind of dramatic change can sometimes be expected when you have an area with such a low sales volume.


Meanwhile, South Kohala experienced a less dramatic change, with its median sales price decreasing a mere 1.17% from $600,000 in 2018 to $593,000 this year, while the condo market had a similar decrease, falling 1.71%, from $525,000 in 2018 to $516,000 this year.

Analysis: Although the monthly sales volume in Kohala as been higher in some months over their 2018 counterparts, the overall year-to-date number is down quite a bit from the 2018 numbers. The same could be said for the median sales price numbers, as they were mixed from month-to-month, but down overall for the year. This may have been caused by a combination of 2017 being a really good year and a nationwide slowdown in the real estate market. The question is, how long will the slowdown continue.
Big Island Stats

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

June 2019 Kohala Coast Real Estate Market Highlights

  • No. of single-family homes sold in North Kohala – 9
  • No. of single-family homes sold in South Kohala - 29
  • No. of condo units sold in South Kohala - 28
  • YTD No. of single-family homes sold in North Kohala – 42
  • YTD No. of single-family homes sold in South Kohala – 141
  • YTD No. of condo units sold in South Kohala - 171
  • Median sales price of a single-family home in North Kohala - $691,945
  • Median sales price of a single-family home in South Kohala - $540,000
  • Median sales price of a condo in South Kohala - $478,750
  • YTD median sales price of a single-family home in North Kohala - $1,023,000
  • YTD median sales price of a single-family home in South Kohala - $593,000
  • YTD median sales price of a condo in South Kohala - $516,000           

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

Posted by Korby Matsen RB-21643 on July 21st, 2019 2:54 PM

Waikoloa Beach Resort

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

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


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

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


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






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

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

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

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

Highlights of the Q2 2019 Waikoloa Beach Market Update

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

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

Posted by Korby Matsen RB-21643 on July 14th, 2019 2:57 PM

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

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

The Shops at Mauna Lani

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


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

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

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

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

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

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


Highlights of the Q2 2019 Mauna Lani Resort Market Update 

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

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

Posted by Korby Matsen RB-21643 on July 5th, 2019 2:41 PM

Puako Beach
The Kohala Coast is a spectacular area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to differentiate it between the State of Hawaii and the Island of Hawaii.

Maui
The Kohala Coast is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, containing the small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities on the south end. 

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

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

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

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

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

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

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

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

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

May 2019 Kohala Market Highlights

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

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

Posted by Korby Matsen RB-21643 on June 29th, 2019 9:36 AM

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