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.
There is great shopping at the Queen’s Marketplace and the King’s Shops, and great restaurants like Roy’s Waikoloa Bar & Grill, the Macaroni Grill and the Lava Lava Beach Club. Waikoloa Beach Resort also contains two world class golf courses, the Beach Course and the King’s Course, and of course, the spectacular white sand beaches are also on your doorstep.
View all homes for sale in the Waikoloa Beach Resort. Instantly find out the value of your Waikoloa Beach Resort Home. Discover how my Vacation Rental Management Program can save you $1000’s.
At the time of this writing (July 1st), there was just one single-family home on the market and one home in escrow in the Waikoloa Beach Resort, while 46 condos were for sale with 3 in escrow. The one home for sale in the Waikoloa Beach Resort is newly listed at $2,950,000 and is located at 69-1519 Anaole St in the Ainamalu at Waikoloa Beach Resort community.
In the condo market, the highest price condo currently available is listed at $2,328,000 and is Unit #7F in Kolea Condo Villas. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $454,000 and is Unit #N23 in The Fairway Villas at Waikoloa Beach Resort.
In the 2nd Quarter of 2020, there were two single-family homes sold in the Waikoloa Beach Resort. The most expensive of the two sold for $1,273,060 from a list price of $1,262,100 and is located at 69-9204 Anaole St. While the lowest price one is located at 69-9236 Ainamalu St and sold for $1,115,600 from a list price of the same amount. Both homes are in the Ainamalu at Waikoloa Beach Resort community.
In the condo market of Waikoloa Beach Resort, the Q2 time frame between April and June 2020 saw just 6 condos sell. The highest priced of these was Unit 14A in Kolea Condo Villas and it sold for $730,000, from a list price of $749,000. While the condo with the lowest sales price went for $451,000, from a list price of $456,000. It is Unit D4, located in The Fairways at Waikoloa Beach Resort.
Analysis: After a great beginning to 2020, the effects of the Covid-19 took its toll on the sales numbers in Q2. Single-family home sales have been low since the first phase of the Ainamalu at Waikoloa Beach development was completed, but condo sales falling to about 25% of its quarterly average is disappointing.
If you are looking to buy or sell a home in the Waikoloa Beach Resort, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams a reality. You can read more updates about other areas of the Kohala Coast on the Market Update Page of my website. Mahalo
Highlights of the 2020 Q2 Waikoloa Beach Market Update
If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q2 2020.
Mauna Lani is a magnificent resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront estates to secluded luxury condos, there is a type of home for every discerning buyer. The Mauna Lani Resort offers its residents two Championship Golf Courses, the exclusive Mauna Lani Beach Club, and a Spa and Fitness Center.
Also, within the resort are two luxury hotels, Auberge Resorts and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.
View all homes for sale in the Mauna Lani Resort. Instantly find out what your Mauna Lani Home is worth. Discover how our Vacation Rental Management Program can save you $1000’s.
At the time of this writing (July 1st), there were 18 single-family homes for sale and 1 home in escrow within the Mauna Lani Resort, with 42 condos for sale and 7 in escrow. Of the single-family homes for sale, the highest priced one is listed at $17,900,000, and is located at 68-1025 Pauoa Wy in the Pauoa Beach community, while the highest priced condo on the market is in the Residences at Laulea, Unit 1B2R and is listed at $3,275,000.
At the other end of the spectrum, the lowest priced single-family home on the market is at 68-1122 N Kaniku Dr #305, in Ka Milo at Mauna Lani and is listed at $1,795,000. On the condo side, the lowest priced one currently listed is Unit #D-1 in Palm Villas at Mauna Lani and is priced at $565,000.
When it comes to sales in 2nd Quarter, the effects of the Covid-19 pandemic have shown its effect. In the Q2 time frame of April 2020 through June 2020 there were not any single-family homes sold in the Mauna Lani Resort, while just 11 condos were sold. The highest priced of the 11 condos sold was The Islands at Mauna Lani #P1, and it sold for $1,040,000 from a list price of $1,135,000, while the condo with the lowest sales price went for $525,000 from a list price of $615,000 and is Unit #401 in Kulalani at Mauna Lani.
Analysis: As we expected, the Covid-19 pandemic has affected sales in the Mauna Lani Resort in the second quarter of 2020. There were no sales of single-family homes (usually 3-5) and condo sales were cut in half. Prices and inventory levels have remained steady and online traffic has reportedly increased immensely and now that travel is opening up in August, there is optimism that will see a rebound in the coming months.
If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams come true. If you enjoyed this Market Update, you can find updates on other locations at my Market Update Page. Mahalo.
Highlights of the Q2 2020 Mauna Lani Resort Market Update
If you enjoyed this update, you may like Kohala Real Estate Market Update for May 2020.
The Kohala Coast is a spectacular area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to differentiate it between the State of Hawaii and the Island of Hawaii. The Kohala Coast is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, containing the small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities at the south end.
South Kohala begins just south of Kohala Ranch and covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts’, the small town of Waikoloa Village, located 6 miles inland from the resorts, and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting the Market Update Page on my website.
View all homes for sale on the Kohala Coast. Instantly find out the value of your Kohala Coast Home. Discover how my Vacation Rental Management Program can save you $1,000’s.
The number of single-family homes sold in April 2020 in Kohala dropped noticeably over April last year, with 20 single-family homes selling this year, down from 30 homes selling in April 2019. The sales volume decrease was felt in all Kohala, with South Kohala decreasing by 7 homes (down from 23 homes to 16). The volume in North Kohala fell a little less, from 7 homes sold to just 4 homes. The number of South Kohala condos sold year over year in April experienced the biggest drop, falling from 40 units last year to just 10 units this April.
The year-to-date sales volume in the Kohala single-family home markets still remained positive in 2020, despite the April drop-off, with 121 single-family homes being sold this year in Kohala, up from 94 homes sold by this time in 2019. The sales volume of single-family homes in North Kohala increased slightly, from 17 homes sold in 2019, to 20 homes this year. South Kohala’s year-to-date volume also experienced an increase over last year, with 101 homes being sold this year, up from 77 homes in 2019. The number of condos sold year-to-date did not enjoy the same increase, with 89 units sold this year, down from 116 units sold in 2019.
While the volume of single-family homes sold in April 2020 was down compared to April 2019 in all market segments of Kohala, the change in median sales price was in the other direction. The median sale price in South Kohala had a noticeable increase, from $650,000 in April 2019 to $722,500 in April this year, while in North Kohala, the median sales price in April 2020 rose to $763,500 from $649,000 in April 2019. The condo market also saw their median price rise, increasing from $538,000 last year to $614,000 in April 2020.
The year-to-date numbers did not fare as well as the monthly numbers. North Kohala’s year-to-date median sales price decreased 17.89%, from $1,023,000 in 2019 to $840,000 this year. The single-family home market in South Kohala saw a less dramatic decrease, from $628,000 in 2019 to $590,000 this year, a change of 5.98%. The condo market saw a surprising change in the other direction, with the year-to-date median sales price rising an amazing 21.53%, from $518,000 in 2019 to $629,500 this year.
Analysis: Even though the monthly numbers were down, a strong first quarter was able to keep the year-to-date numbers positive. It remains to be seen how the economic headwinds of the pandemic will affect the market in the months to come.
If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in. You can read market updates from the different areas of the Kohala Coast on the Market Updates Page of my website. Mahalo.
April 2020 Kohala Market Highlights
If you enjoyed this update, you might like Waikoloa Beach Resort Market Update for Q1 2020.
Mauna Kea Resort is a beautiful 1,839-acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Westin Hapuna Beach Resort. These hotels are located along some of the most pristine white sand beaches in all of Hawaii. The luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views.
The Mauna Kea Resort offers its resident’s access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants in the Mauna Kea Resort include Number 3, the Hua Tree, the Copper Bar Cafe, the Clambake, and the Manta.
View all homes for sale in the Mauna Kea Resort. Instantly find out what your Mauna Kea Home is worth. Discover how I can save you $1,000’s with my Vacation Rental Management Program.
At the time of this writing (May 1st), there were 2 single-family homes for sale and no homes in escrow within the Mauna Kea Resort, while 4 condos are for sale, also with none in escrow. Of the homes for sale, the highest priced one is listed at $9,995,000, and is located at 62-3692 Kiekiena Pl, in the Bluffs at Mauna Kea subdivision, while the highest priced condo on the market is listed at $3,350,000 and is Unit #33 in the Villas at Mauna Kea.
At the other end of the spectrum, the lowest priced home on the market is located at 62-3757 Kaunaoa Nui Rd, in the Kaunaoa Subdivision and is listed at $7,595,000. The lowest priced condo currently on the market is listed at $1,325,000 and is Unit N202 located in Waiulaula at Mauna Kea.
There were 3 single-family homes sold in the 1st Quarter of 2020. The condo market was slightly better, with 4 condos being sold during this same period. The highest priced home sold for $7,000,000 from a list price of $7,590,000 and is located at 62-3331 Ahuula Pl, in Mauna Kea Fairways South. The lowest priced home sold is located at 62-3638 Leihulu Pl, also in Mauna Kea Fairways South, and it sold for $2,850,000, from a list price of $3,295,000.
The lowest priced condo to sell in Mauna Kea resort during the 1st Quarter went for $945,000 from a list price of $999,000 and is Unit #I202, in Waiulaula at Mauna Kea, while the highest priced condo sold for $3,395,000 from a list price of the same amount, and is Unit #34 in The Villas at Mauna Kea.
Analysis: Mauna Kea Resort has historically been a low inventory area, but the inventory levels in Q1 were down even by these standards. The sales volume for both single-family homes and condos in the first quarter were within normal levels, but it remains to be seen how things will look in the coming months as we experienced unprecedented times.
If you are looking to buy or sell a home in the Mauna Kea Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate Dreams come true. Mahalo
Highlights of the Q1 2020 Mauna Kea Market Update
If you enjoyed this update, you might like Mauna Lani Resort Market Update for Q1 2020.
The Kohala Coast is the majestic area located on the west coast of the Big Island of Hawaii. The Big Island received this name as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island, including the historic towns of Hawi and Kapa’au, and the Kohala Ranch communities farther south.
South Kohala covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts’, the small town of Waikoloa Village, located 6 miles inland from the resorts and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting the Market Update Page on my website.
View all homes for sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. Discover how my Vacation Rental Management Program can save you $1,000’s.
The number of single-family homes sold in Kohala in March 2020 increased substantially over March 2019, with 35 single-family homes selling in March this year, up from 24 homes in March 2019. This increase in sales volume was felt in all market segments, with South Kohala seeing 29 single-family homes sold this March, up from 19 homes sold in March 2019, while the volume in North Kohala increased slightly, from 5 homes in March 2019 to 6 homes this year. The number of condos sold year over year in March did not change, with 27 units being sold in both years.
As with the monthly number increase, the year-to-date sales volume in Kohala also experienced an increase in 2020, with 100 single-family homes being sold this year, up from 64 homes sold by this time in 2019. This increase was felt in all market segments, with the number of single-family homes in North Kohala increasing from 10 single-family homes sold last year, up to 16 homes this year. The South Kohala sales volume increase was even more dramatic, rising from 54 homes last year to 84 homes sold this year, while the number of condos sold year-to-date also saw a small increase, rising from 75 units sold last year, to 77 units sold in 2020.
Although there was an increase in sales volume in all market segments of Kohala in March 2020, the median sales price was more of a mixed bag. The median sale price in North Kohala and the condo market in South Kohala both experienced huge increases, with North Kohala rising an astounding $263,750, from $1,040,000 in March 2019 to $1,303,750 in March this year. The condo market also experienced a dramatic increase, with the March 2020 median sales price rising to $727,500 from $440,000 in March 2019. South Kohala felt the only decrease, with the median sale price in March 2020 falling from $627,000 in March 2019 to $540,000 this year.
The year-to-date median sales price changes in the different areas and sectors mirror the changes we saw in the monthly March 2020 numbers. The year-to-date median sales price in the South Kohala condo market rose an amazing 34.04% from $470,000 in 2019 to $639,000 this year. While the price of single-family homes in South Kohala experienced a slight decrease, moving down 2.28%, from $593,000 in 2019 to $579,500 this year. Meanwhile, North Kohala saw a slight change in the other direction for its year-to-date median sales price, increasing 3.70% from $810,000 in 2019 to $840,000 this year.
Analysis: The sales volume in Kohala for the first three month of 2020 was ahead of the 2019 numbers in all market segments. And after a year of stagnant sale prices in all segments, there were glimpses of price appreciation in some markets in the first quarter. It remains to be seen whether these positive changes will be able to withstand the economic upheaval coming in the months ahead.
If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized Market Report for the neighborhood or area you are interested in. To read more market updates from the different areas of the Kohala Coast, visit my Market Update Page. Mahalo.
March 2020 Kohala Market Highlights
If you enjoyed this update, you may like Waikoloa Beach Resort Market Update for Q1 2020
Waikoloa Beach Resort is a beautiful resort located on the West Coast of the Big Island of Hawaii. This world famous Kohala Coast resort contains everything to make your Hawaiian experience complete. Waikoloa Beach Resort is home to two luxury hotels, the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.
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 close by.
View all homes for sale in the Waikoloa Beach Resort. Instantly find out the value of your Waikoloa Beach Resort Home. Discover how our Vacation Rental Management can save you $1,000.
At the time of this writing (Apr 2nd), there were 2 single-family homes for sale and 3 homes in escrow within the Waikoloa Beach Resort, while 28 condos are for sale with 4 in escrow. Of the homes currently on the market, the highest priced one is listed at $3,385,000, and is located at 69-1525 Anaole St in the Ainamalu at Waikoloa Beach community, while the one with the lowest price is located at 69-1519 Anaole St. also in Ainamalu at Waikoloa Beach and is listed at $2,950,000.
In the condo market, the highest price unit currently available is Unit #7F in the Kolea Condo Villas community and is listed at $2,328,000. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $424,000 and is Unit #311 in the Shores at Waikoloa Beach Resort.
In the 1st quarter of 2020, there were 3 single-family homes sold in the Waikoloa Beach Resort. The highest priced home sold for $1,395,717, from a list price of the same amount and is located at 69-9229 Ainamalu St, while the lowest priced one sold for $999,000, from a list price of $999,000 and is located at 69-9222 Ainamalu St, also in the new Ainamalu at Waikoloa Beach development.
In the Q1 time frame between January and March, there were 22 condos sold in Waikoloa Beach Resort, which has been a pretty consistent number throughout 2019. The highest priced of these condos sold was Unit 10C in Kolea Condo Villas at the sale price of $2,575,000, from a list price of $2,600,000. While the condo with the lowest sales price went for $320,000, from a list price of $385,000. It is Unit 138, in the Shores at Waikoloa Beach Resort.
Analysis: The sales volume and inventory levels of both condos and single-family homes in Waikoloa Beach Resort have remained consistent throughout 2019 and into the first quarter of 2020. There was a drop in single-family home inventory due to the completion of Phase 1 of the Ainamalu at Waikoloa Beach Development, but that should change once Phase 2 moves forward. With the coming uncertainty in the months ahead, it remains to be seen how the market will be impacted.
If you are looking to buy or sell a home in the Waikoloa Beach Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. If you enjoyed this Market Update, you can read about other areas of the Kohala Coast on my Market Update page. Mahalo
Highlights of the Waikoloa Beach Market Update for Q1 2020
If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q1 2020.
Also, within the resort are two luxury hotels, the Auberge Resort, Mauna Lani, and the Fairmont Orchid. Both hotels offer a wide variety of dining options. The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.
At the time of this writing (Apr 2nd), there were 16 single-family homes for sale, with no homes in escrow within the Mauna Lani Resort, along with 40 condos for sale, with 9 in escrow. Of the homes for sale, the highest priced one is listed at $18,900,000, and is located at 68-1025 Pauoa Wy in the Pauoa Beach community, while the highest priced condo on the market is listed at $3,300,000 and is Unit #2B1R at The Residences of Laulea. At the other end of the spectrum, the lowest priced home on the market is at 68-1122 N Kaniku Dr #305, located in Ka Milo at Mauna Lani, and is listed at $1,795,000. On the condo side, the lowest priced unit currently on the market is listed at $549,000. It is Unit #B-3, in the Palm Villas at Mauna Lani.
When it comes to sales in the 1st Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q1 time frame of January 2020 through March 2020, there were just 3 single-family homes sold in the Mauna Lani Resort, while 25 condos were sold. The highest priced home to sell is located at 68-1091 Pauoa Wy, in Pauoa Beach, and it sold for $5,600,000, from a list price of $5,895,000. The lowest priced home sold for $2,700,000, from a list price of $2,900,000, and is located at 68-1004 Papakonane Ct. The highest priced of the 25 condos sold is Unit #A103 in Mauna Lani Terrace, and it sold for $2,150,000, from a list price of $2,495,000. While the condo with the lowest sales price was Kulalani at Mauna Lani #2402, which sold for $640,000 from a list price of $644,000.
Analysis: The volume of condos sold in Mauna Lani Resort in Q1 saw a small jump over the last quarter but overall, the numbers have remained pretty consistent for the last 3 quarters. The inventory has fluctuated a little but has also remained in a consistent range over the last 3 quarters. With uncertainty coming in the months ahead, it remains to be seen if this is market remains consistent.
If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. If you enjoyed this Market Update, you can find updates on other location on the Kohala Coast on my Market Update Page. Mahalo
Highlights of the Q1 2020 Mauna Lani Market Update
If you enjoyed this update, you may like Kohala Real Estate Update for February 2020.
The Kohala Coast is a beautiful area located on the west coast of the Big Island of Hawaii. The Big Island received its name as differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, including the historic towns of Hawi and Kapa’au, and the Kohala Ranch communities farther south.
South Kohala covers the large, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts’, the small town of Waikoloa Village, located 6 miles inland from the resorts and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting my Market Update Page.
View all homes for sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. Discover how our Vacation Rental Mgt Program can save you $1000’s.
The number of single-family homes sold in Kohala in February 2020 rose slightly over February 2019, with 23 homes selling in February 2019, up to 28 homes this year. That increase was felt in all market segments, as the sales volume in North Kohala increased from 1 home sold in February 2019 to 3 homes sold this year, while the volume in South Kohala rose from 22 homes last year to 25 homes this February. The number of condos sold year over year in February remained the same at 24 units both years.
With February only being the second month of the year, the overall year-to-date volume in Kohala is not yet a significant number, but it is still up significantly over last year, with 65 single-family homes being sold so far in 2020, as opposed to 39 homes being sold by this time last year. As with the February monthly number, this increase was felt in both North and South Kohala sales volume. The North Kohala volume increased from 4 homes in 2019 to 10 homes sold this year, while in South Kohala the year-to-date sales volume jumped from 34 homes sold in 2019 to 55 homes this year. The number of condos sold year-to-date was up slightly, rising from 48 units sold last year, to 50 units sold in 2020.
Although the sales volume numbers were for the most part up, the median sales price was a mixed bag, falling in the South Kohala market but rising dramatically in North Kohala. The median sale price of a single-family home in South Kohala fell from $690,000 in February 2019 to $565,000 in February of this year, while in North Kohala, the median sales price in February 2020 rose to $999,950 from $407,500 in February 2019. The condo market in South Kohala also experienced a price decrease, with the February 2020 median sales price falling to $407,500 from $474,500 in February 2019.
Although the monthly median sales prices were kind of a mixed bag, the year-to-date numbers were up in all market segments. The median year-to-date sales price in the South Kohala condo market rose a slight 2.74% from $474,500 in 2019 to $487,000 this year. South Kohala single-family homes experienced the largest rise for its median sales price, increasing 13.79% from $580,000 in 2019 to $660,000 this year. North Kohala also experienced a similar increase, rising 12.00%, from $750,000 in 2019 to $839,975 this year.
Analysis: Sales volume in all market segments has been fairly steady through the last half of 2019 and the beginning of 2020, while price appreciation has remained flat. February showed signs of acceleration in both sales volume and price appreciation, but that may come to a quick end with the onset of the coronavirus crisis. There are uncertain times coming in the month ahead.
If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in. If you currently own a vacation home or a vacation rental, find out how you can save thousands in management fees with our Vacation Rental Management Program. Mahalo.
February 2020 Kohala Market Highlights
If you enjoyed this update, you may like Mauna Lani Resort Real Estate Update for Q4 2019.
The Kohala Coast is a beautiful area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, including the small towns of Hawi and Kapaau, and the Kohala Ranch communities farther south.
South Kohala, which begins just south of Kohala Ranch, covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts, the small town of Waikoloa Village, located 6 miles inland from the resorts, and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting the Market Update Page on my website.
View all homes for sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. Discover how my Vacation Rental Mgt Program can save you $1000’s.
The number of single-family homes sold in Kohala in January 2020 increased substantially over January 2019, with 16 homes selling in January 2019 up to 37 homes sold this year. That increase was felt in all market segments, with the sales volume in North Kohala increasing from 4 homes sold in January 2019 to 7 this year, while the volume in South Kohala increased from 12 homes sold to an astounding 30 homes. The number of condos sold year over year in January in Kohala was less dramatic, increasing from 24 units last year to 26 units this year.
With January being the first month of the year, the year-to-date volume is going to be equal to the monthly numbers, with 37 homes being sold so far in 2020, as opposed to 16 homes being sold by this time last year. The South Kohala volume increased from 12 homes in January 2019 to 30 homes sold this year, while in North Kohala the increase was only by three, from 4 single-family homes sold by this time in 2019, to 7 homes this year. The number of condos sold year-to-date also had an increase in sales volume, rising from 24 units sold last year, to 26 units sold in 2020.
Along with the increases in sales volume of single-family homes in January 2020 in both North and South Kohala, also came increases in median sales prices in most regions. The median sale price in South Kohala rose from $535,000 in January 2019 to $702,500 in January of this year, while in North Kohala, the median sales price in January 2020 fell to $680,000 from $810,000 in January 2019. The condo market also experienced a remarkable price increase, with the January 2020 median sales price rising to $632,500 from $482,500 in January 2019.
Along with the monthly median sales prices being up in most markets in January 2020, the year-to-date numbers were also up in most markets. The median year-to-date sales price in the condo market rose an amazing 31.09% from $482,500 in 2019 to $632,500 this year. North Kohala experienced the only decrease for its median sales price, dropping 16.05% from $810,000 in 2019 to $680,000 this year, and the single-family homes in South Kohala had the largest increase, rising an impressive 31.31%, from $535,000 in 2019 to $702,500 this year.
Analysis: The sales volume of single-family homes rose significantly on the Kohala Coast in January 2020 compared to last January. This continues the strong monthly numbers we have seen over the past six months. Both the single-family home and condo markets’ in South Kohala saw impressive median sales price increases after almost a year of stagnant growth.
If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in. If you currently own a vacation home or a vacation rental in Kohala, find out how you can save thousands in management fees with our Vacation Rental Management Program. Mahalo.
January 2020 Kohala Market Highlights
If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q4 2019.
Mauna Kea Resort is a beautiful 1,839 acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Westin Hapuna Beach Resort. These hotels are located along some of the most pristine white sand beaches in all of Hawaii. The luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views.
The Mauna Kea Resort also offers its residents access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants include Number 3, the Hua Tree Lanai, the Copper Bar Cafe, Clambake and the Manta & Pavilion Wine Bar.
View all homes for sale in the Mauna Kea Resort. Instantly find out what your Mauna Kea Resort Home is worth. Discover how my Vacation Rental Mgt Program can save you $1,000’s.
At the time of this writing (Feb 10th), there were 9 single-family homes and 8 condos for sale in the Mauna Kea Resort, with no homes or condos in escrow. The highest priced of these homes is listed at $9,950,000 and is located at 62-3692 Kiekiena Place in The Bluffs at Mauna Kea, while the highest priced condo on the market is listed at $4,290,000 and can be found at the Halia Hale at Kaunaoa #6B. At the other end of the spectrum, the lowest priced single-family home on the market is 62-3997 Moani Pikake Ct in Moani Heights and is listed at $1,975,000. While the lowest priced condo currently for sale is listed at $875,000 and is in Kumulani at the Uplands at Mauna Kea, Unit #B1.
The sales volume of homes in Mauna Kea Resort continues to be slow, with no single-family homes, and just 4 condos being sold during this time from October 2019 through December 2019. With no single-family homes selling, there are only condo statistics to report. The highest priced condo in Mauna Kea Resort sold for $3,100,000, from a list price of $3,195,000 and is Villas at Mauna Kea #34. The lowest priced condo is Kumulani at the Uplands #I1, and sold for $735,000 from a list price of $789,000.
Analysis: Even though the inventory levels in Mauna Kea have been low throughout 2019, the low sales volume has the kept the condo segment in a Balanced Market, and single-family home segment in a Buyers’ Market.
If you are looking to buy or sell a home in the Mauna Kea Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. Mahalo
Highlights of the 2019 Q4 Mauna Kea Resort Market Update
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