The North Kohala Real Estate Update for Q1 2024 is for the majestic area located at the northern tip of the Big Island of Hawaii and the home to the two small towns of Hawi and Kapa’au. 
Hawi is most famous for being the turnaround point for the bicycle portion of the annual Ironman World Championship held in October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd Office location for Hawaii Luxury Real Estate.
The other small town, Kapa’au, also contains a small downtown area with assorted shops and cafes and is home to the original King Kamehameha 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 gated communities of Kohala Ranch contain many luxury homes with large lots, as well as many acreages lots where you can build your own Hawaiian Dream Home. The most alluring characteristic of the Kohala Ranch area is that virtually every home and lot feature panoramic ocean views.
View all Homes for Sale in the North Kohala area. Instantly find out what your Kohala Coast Home is worth.
At the time of this writing (May 28th), there were 22 single-family homes for sale in North Kohala, with 3 homes in escrow.
There are also 47 land lots for sale, with 5 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 in North Kohala, the highest priced one is listed at $7,490,000 and is located at 56-102 Old Coast Guard Rd in Hawi. For you bargain hunters, the lowest priced home on the market is located at 53-4196 Akoni Pule Hwy in Kapa’au and is listed at $374,900.
In the land market segment, the highest priced lot for sale in North Kohala is a 412-acre parcel located at the end of Union Mill Rd and is listed at a cool $22,000,000. At the other end of the spectrum, the lot with the lowest list price of $299,000, is located on Kanaloa Dr in Kohala Ranch and is 3.07 acres.
Sales of single-family homes rose significantly in Q1 compared to the last three quarters in North Kohala, with the Q1 time frame between January and March 2024 
seeing 22 single-family homes sold. The highest priced of the homes sold is located at 59-121 Halekai Pl, in Kohala-by-the-Sea and it sold for $2,587,500, from list price of $2,675,000. The lowest priced home to sell in North Kohala went for $290,125 from a list price of $319,900. It is located at 55-417 Hawi Rd, in Hawi.
In the land market segment, there were 6 lots sold in Q1 of 2024 in North Kohala. The highest price lot sold for $640,000 from a list price of $650,000 and is a 12.9-acre parcel at 59-978 Kamakani Loop in Kohala Ranch. The lowest priced lot to sell in Q1 is a 25,702 sq ft lot at 59-673 Kailiawa Pl in Kohala Ranch and it sold for $362,000 from a list price of $375,000.
Analysis: The North Kohala Real Estate Update for Q1 reveals that the sales volume of single-family homes jumped substantially in Q1, while land sales remained low. Inventory levels of single-family homes have remained fairly constant for many quarters now, while land inventory has dipped slightly.
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.
North Kohala Real Estate Update for Q1 2024 Highlights
- Number of homes currently for sale – 22
- Number of homes currently in escrow – 3
- Number of land lots for sale – 47
- Number of land lots in escrow – 5
- Highest priced home currently for sale – $7,490,000 – 56-102 Old Coast Guard Rd, Hawi
- Lowest priced home currently for sale – $374,900 – 53-4196 Akoni Pule Hwy, Kapa’au
- Highest priced land lots for sale – $22,000,000 – 412 acres, Union Mill Rd, Kapa’au
- Lowest priced land lot for sale – $299,000 – 3.07 ac, Kanaloa Rd, Kohala Ranch
- Number of homes sold in Q1 (Jan – Mar) – 22
- Number of land lots sold in Q1 (Jan – Mar) – 6
- Highest priced home sold in Q1 – $2,587,500 – 59-121 Halekai Pl, Kohala-by-the-Sea
- Lowest priced home sold in Q1 – $290,125 – 55-417 Hawi Rd, Hawi
- Highest priced land lot sold in Q1 – $640,000 – 12-9 acres, 59-978 Kamakani Lp, Kohala Ranch
- Lowest priced land lot sold in Q1 – $362,000 – 25,702 sq ft, 59-673 Kailiawa Pl, Kohala Ranch
If you enjoyed this update, you may like the Kohala Real Estate Update for April 2024.