The North Kohala Real Estate 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 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 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 acerage lots, as well as many large lots where you can build your own Hawaiian dream home.
View all Homes for Sale in North Kohala. Instantly find out what your North Kohala Home is worth.
At the time of this writing (Dec 5th), there were 23 single-family homes for sale in the North Kohala area, with 11 homes in escrow. There are no condos located in North Kohala, so we do not 
collect statistics on that market segment. but raw land is plentiful, and there are currently 42 land lots for sale, with 4 lots in escrow.
Of the homes for sale in North Kohala, the highest priced one is listed at $5,750,000, and is located at 59-121 Kihi Khi Pl, in Kohala Waterfront, while the highest priced land for sale is a 437-acre parcel on Union Mill Rd, in Kapa’au. It is priced at $25,000,000. At the other end of the spectrum, there are two homes on the market that have the lowest price, and they are located at 54-4123 Kolonahe St, and 54-3883B Akoni Pule Hwy, both in Kapa’au. They are each listed at $599,000, while the lowest priced land is a 3-acre lot on Kanaloa Dr in Kohala Ranch, priced at $349,000.
Sales in the Q3 time frame of July through September 2022 dropped sharply over the volume of the 
last two quarters, with just 9 single-family homes selling in North Kohala during this time. The highest priced single-family home to sell is located at 55-3577 Alaalae Rd. in Hawi. It was listed at $3,800,000 and sold for $3,795,000. The lowest priced single-family home to sell in North Kohala was listed at $425,000 and sold for the same price. It is located at 59-200 Keawewai Pl in Kohala Estates.
In the North Kohala raw land market, sales volume was also down, with only 9 lots sold in Q3. The highest priced one is an 18.91-acre parcel on Akoni Pule Hwy in Kapa’au that sold for $2,496,000 from a list price of $3,000,000. The lowest priced lot to sell was a 3.42-acre lot on Ka Nani in Kohala Ranch. It sold for $360,000 from a list price of $385,000.
Analysis: The Kohala Real Estate Update for Q3 shows us that there has been a sharp decline in the sales volume of single-family homes and land sold over the previous two quarters. Even with the decline in sales, inventory levels of single-family homes have not risen. Land inventory, on the other hand, is plentiful.
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 Update for Q3 2022
- Number of Homes currently for sale – 9
- Number of homes currently in escrow – 9
- Number of land lots for sale – 42
- Number of land lots in escrow – 4
- Highest priced home for sale – $5.750,000 – 59-121 Kihi Kihi Pl, Kohala Waterfront
- Lowest priced home for sale – $599,900 – 54-4123 Kolonahe St & 54-3883 Akoni Pule Hwy, Kapa’au
- Highest priced land lot for sale – $25,000,000 – 437 Acres, Union Mill Rd, Kapa’au
- Lowest priced land lot for sale – $349,000 – 3.07 Acres, Kanaloa Dr, Kohala Ranch
- Number of homes sold in Q3 (July – Sept) – 9
- Number of land lots sold in Q3 (July – Sept) – 9
- Highest priced home sold in Q3 – $3,795,000 – 55-3577 Alaalae Rd, Hawi
- Lowest priced home sold in Q3 – $425,000 – 59-200 Keawewai Pl, Kohala Estates
- Highest priced land lot sold in Q3 – $2,496,000 – 18.91 Acres, Akoni Pule Hwy, Kapa’au
- Lowest priced land lot sold in Q3 – $360,000 – 3.42 Acres, Ka Nana Wy, Kohola Ranch
If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q3 2022.