September 10th, 2018 5:23 PM by Korby Matsen
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.
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 beautiful homes, from small starter homes to large estates, many with stunning ocean views. The southern end of North Kohala contains the gated communities of Kohala Ranch, containing many luxury homes with large lots, as well as many acreage lots where you can build your own Hawaiian dream home. The most alluring character of the Kohala Ranch area is that virtually every home and lot features panoramic ocean views.
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At the time of this writing (Sept 1st), there were 45 homes for sale in the North Kohala area and 7 homes in escrow. In the land lot market there are 110 lots for sale, with 7 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 a waterfront home located at 55-3287 Hoea Makai Rd in Hawi and is listed at $5,850,000. The highest priced land lot for sale is listed at $18,500,000 and is 498 acres on Lokahi Rd in Kapa’au. At the other end of the spectrum, the lowest priced home on the market is located at 54-2475 Kynnersley Rd in Kapa’au, a starter home listed at the low price of $289,000, while the lowest priced lot for sale is 3 acres in Kohala Ranch, currently listed at $169,900.
Sales continue to be brisk in North Kohala, with the Q2 time frame of April through June 2018 seeing 19 homes sold. The highest priced of these homes is located at 59-110 Pakuikui Pl in Kohala Waterfront. It was listed at $2,795,000 and sold for $2,485,000. The highest priced land lot to sell went for $2,500,000 from a list price of the same amount. It is 22 acres located in Kapa’au. The lowest priced home to sell in North Kohala was listed at $215,000 and sold for $213,500. It is located at 54-3669 Akoni Pukle Hwy in Kapa’au, while the lowest priced lot to sell went for $170,000 from a list price of $195,000. It is a 1-acre lot in Kohala Estates.
Analysis: With the continuing reduction of inventory in North Kohala, along with the steady sales, the house market in North Kohala is pretty close to being 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 2018 Market Update
If you enjoyed this update, you may like Kohala Market Update for July 2018
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