The Kohala Coast Real Estate Year in Review is for the magnificent 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.
South Kohala starts just south of Kohala Ranch and 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.
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The sales volume rose in most market segments in 2020, despite the Covid-19 pandemic. North Kohala experienced the largest change, with the sales volume increasing by 16.4%, from 73 single-family homes sold in 2019 to 85 sold in 2020. The 
increase in the number of single-family homes sold in South Kohala was a lot smaller, rising by just two units, from 277 homes in 2019 to 279 homes sold this past year. The condo market was the only segment to see a decline, falling from 302 units sold in 2019, to 278 units sold in 2020, a drop of 8.6%.
Despite the mixed bag of results in sales volume, the median sale price was up in all market segments in 2020. South Kahala had the largest increase, rising a convincing 12.69%, from $599,000 in 2019 to $675,000 in 2020. The single-family homes in North Kohala had the smallest move, rising a modest 7.48%, from $735,000 in 2019 to $790,000 in 2020. The condo market also had a healthy move, increasing 10.75% from $535,000 in 2019 to $592,000 in 2020.
Analysis: The Kohala Coast Year in Review for 2020 shows that sales volume and median sales price numbers for all market segments on the Kohala Coast were surprisingly positive despite the Covid-19 pandemic. Other than the Q2 timeframe when the pandemic first started, the real estate market roared forward through the rest of the year. With most markets now in a low inventory environment it is expected that prices will rise, and sales will slow.
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.
Kohala Real Estate Market Year in Review Highlights for 2020
- No. of single-family homes sold in North Kohala – 85
- No. of single-family homes sold in South Kohala – 279
- No. of condo units sold in South Kohala – 278
- Median sales price of single-family homes in North Kohala – $790,000 up 7.48% over 2019
- Median sales price of single-family homes in South Kohala – $675,000 up 12.69% over 2019
- Median sales price of condos in South Kohala – $592,500 up 10.75% over 2019
If you enjoyed is update, you may like Mauna Lani Resort Market Update for Q4 2020.