The North Kohala Real Estate Q3 Update is for the 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 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 with large lots, as well as many large lots where you can build your own Hawaiian dream home.
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At the time of this writing (Dec 1st), there were 30 single-family homes for sale in the North Kohala area, with 19 homes in escrow. There are no condos located in North Kohala, so we do not collect statistics on them, but raw land is plentiful. There are currently 86 land lots for sale, with 9 lots in escrow.
Of the homes for sale in North Kohala, the highest priced one is listed at $4,850,000, and is located at 52-244 Niulii Pl in 
Kapa’au, while the highest priced land for sale is a 172.34-acre lot at 53-4223 Pratt Rd in Kapa’au. It is priced at $5,950,000. At the other end of the spectrum, the lowest priced home on the market is located at 55-487 Keawe Iki Pl in Hawi and is listed at the low price of $289,000, while the lowest priced land is a 3.22-acre lot in Kohala Ranch priced at $158,000.
Sales in the Q3 time frame of July through September 2020 continue to be strong, with 30 single-family homes selling in North Kohala during this time. The highest priced single-family home to sell is located at 56-2900 Haleakala View Place in the Puakea Bay Ranch community. It was listed at $3,000,000 and sold for $2,800,000. The lowest priced single-family home to sell in North Kohala was listed at $297,000 and sold for $290,000. It is located at 53-4252 Akoni Pule Hwy, in Kapa’au.
In the North Kohala raw land market, there were 17 lots sold in Q3. The highest priced one is a 485-acre lot on Waikama Rd in 
Kapa’au that sold for $2,625,000 from a list price of $2,800,000. The lowest priced lot to sell was a 1.08-acre lot in Kohala-by-the-Sea. It sold for $170,000 from a list price of the same amount.
Analysis: As with many of the areas on the Kohala Coast, North Kohala has seen a sharp increase in the number of single-family homes sold in Q3 over previous quarters. Even though the inventory levels have remained relatively constant, the increase in sales has reduced the inventory to a 3-month supply, clearly a Sellers’ Market. There continues to be plenty of inventory of raw land though, giving buyers plenty to choose from, and keeping that segment firmly in a 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 market updates of other areas on the Kohala Coast on the Market Update Page of my website. Mahalo.
Highlights of the North Kohala Real Estate Q3 2020 Market Update
- Number of Homes currently for sale – 30
- Number of homes currently in escrow – 19
- Number of land lots for sale – 86
- Number of land lots in escrow – 9
- Highest priced home for sale – $4.850,000 – 52-244 Niulii Place, Kapa’au
- Lowest priced home for sale – $289,900 – 55-487 Keawe Iki Pl
- Highest priced land lot for sale – $5,950,000 – 172.34 Acres, 52-4223 Pratt Rd
- Lowest priced land lot for sale – $158,000 – 3.22 Acres. Kohala Ranch
- Number of homes sold in Q3 (July – Sept) -30
- Number of land lots sold in Q3 (July – Sept) – 17
- Highest priced home sold in Q3 – $2,800,000 56-2900 Haleakala View Pl, Puakea Bay Ranch
- Lowest priced home sold in Q3 – $290,000 – 53-4252 Akoni Pule Hwy, Kapa’au
- Highest priced land lot sold in Q3 – $2,625,000 – 485 Acres, Waikama Rd, Kapa’au
- Lowest priced land lot sold in Q3 – $170,000 – 1.08 Acres, Kohala-by-the-Sea
If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q3 2020.