The North Kohala Market Update for Q4 is for the beautiful tropical 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, Kapa’au 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.
North Kohala contains miles of pastoral, undeveloped 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 on large lots and stunning, panoramic ocean views, as well as many large lots where you can build your own Hawaiian dream home.
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The North Kohala Market Update Q4 shows us that at time of this writing (Mar 3rd), there were 20 single-family homes for sale 
and 20 homes in escrow in North Kohala, with 73 land lots on the market, with 19 in escrow. Since there are no condos located in North Kohala, we do not have statistics for that market segment. Of the homes for sale, the highest priced one is listed at $3,500,000, and is located at 59-240 Koaie Pl in Kohala Ranch.
The highest priced land lot on the market is the 457-acre, Honomakau Lot #4, it is listed at $14,800,000. At the other end of the spectrum, the lowest priced home on the market is located at 53-4185 Akoni Pule Hwy in Kapa’au, and is listed at the low price of $404,700, while the lowest priced land lot for sale is a 4.57-acre lot in Kohala Ranch and is listed at $169,000.
Sales in North Kohala rose sharply in the 4th Quarter after a slow Q3. In the Q4 time frame of October 1st through December 31st, there were 30 single-family homes sold in North Kohala, and 23 land lots. The highest priced home to sell is located at 56-3083 Pauakea Bay Dr, in the Paukea Bay Ranch community. It was listed at $6,590,000 and sold for $5,900,000.
The highest priced land lot to sell went for $740,000 from a list price of $799,000 and is a 1/2-acre parcel in the Kohala Waterfront. The lowest priced home to sell in North Kohala is located at 53-4154 Akoni Pule Hwy in Kapa’au. It sold for $236,000 from a list price of $224,000. While the lowest priced land lot sold for $163,500 from a list price of $165,000. It is a 3-acre parcel at 59-392 Ka Nani Dr in Kohala Ranch.
Analysis: The North Kohala Market Update for Q4 shows that, like other markets on the Kohala Coast, North Kohala has quickly become a low inventory market. Sales of both single-family homes and land lots in North Kohala have rose sharply over the past two quarters. The land market, after many years in Buyer’s Market territory, has moved into a Balanced Market (5-6 months of inventory).
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. Mahalo.
North Kohala Market Update for Q4 2020 Highlights
- Number of homes currently for sale – 20
- Number of homes currently in escrow – 20
- Number of land lots currently for sale – 73
- Number of land lots currently in escrow – 10
- Highest priced home currently for sale – $3,500,000 / 59-240 Koaie Pl, Kohala Ranch
- Highest priced land lot currently for sale – $14,800,000 / Honomakau Lt #4, 457 acres
- Lowest priced home currently for sale – $404,700 / 53-4185 Akoni Pule Hwy, Kapa’au
- Lowest priced land lot currently for sale – $169,000 / Kohala Ranch, 4.57 acres
- Number of homes sold in Q4 (Oct – Dec) – 30
- Number of land lots sold in Q4 (Oct – Dec) – 23
- Highest priced home sold in Q4 – $5,900,000 / 56-3083 Puakea Bay Dr, Puakea Bay Ranch
- Highest priced land lot sold in Q4 – $740,000 / 59-108 Lauipula Pl, Kohala Waterfront, ½ acre.
- Lowest priced home sold in Q4 – $226,000 / 54-4154 Akoni Pule Hwy, Kapa’au
- Lowest price land lot sold in Q4 – $163,500 / 59-392 Ka Nani Dr, Kohala Ranch, 3-acres.
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