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.
The other small town, Kapa’au 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 of beautiful homes, from small plantation 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 acreage 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 (Nov 23rd), there were 24 single-family homes for sale in the North Kohala area, with 9 homes in escrow. There are no condos 
located in North Kohala, so we do not collect stats on that market segment. but raw land is plentiful, and there are currently 55 land lots for sale, with 3 lots in escrow.
Of the homes for sale in North Kohala, the highest priced one is listed at $4,495,000, and is located at 54-2324 Kynnersley Rd, in Kapa’au, while the highest priced land for sale is a 412-acre parcel on Union Mill Rd, also in Kapa’au. It is priced at $22,000,000. At the other end of the spectrum, the home with the lowest price is located at 53-4168 Akoni Pule Hwy in Kapa’au and is listed at $399,900, while the lowest priced land is a 15,000 sq ft lot in the Ala Lai Subdivision priced at $350,000.
Sales in Q3, the time from July through September, have dropped sharply since the beginning 
of the year, with just 9 single-family homes selling in North Kohala during this time. The highest priced single-family home to sell is located at 59-121 Kihi Kihi Pl. in Kohala Waterfront. It was listed at $4,950,000 and sold for $4,650,000. The lowest priced single-family home to sell in North Kohala was listed at $525,000 and sold for $500,00. It is located at 59-581 Hawi Rd in Hawi.
In the North Kohala raw land market, sales volume was also down, with only 7 lots selling in Q3. The highest priced one is a 20-acre parcel at 54-2261 Kynnersley Rd in Kapa’au that sold for $1,495,000 from a list price of $1,595,000. The lowest priced lot to sell was a 15,000 sq ft lot on Lehuula Cir in Kapa’au. It sold for $350,000 from a list price of the same amount.
Analysis: The Kohala Real Estate Update for Q3 reveals that there has been a sharp decline in the sales volume of single-family homes and land since the beginning of the year. But even with the decline in sales, inventory levels of both single-family homes and land have remained relatively the same.
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.
North Kohala Real Estate Update for Q3 2023 Highlights
- Number of Homes currently for sale – 24
- Number of homes currently in escrow – 9
- Number of land lots for sale – 55
- Number of land lots in escrow – 3
- Highest priced home for sale – $4.495,000 54-2324 Kynnersley Rd, Kapa’au
- Lowest priced home for sale – $399,900 – 53-4168 Akoni Pule Hwy, Kapa’au
- Highest priced land lot for sale – $22,000,000 – 412 Acres, Union Mill Rd, Kapa’au
- Lowest priced land lot for sale – $350,000 – 15K sq ft lot, Ala Lai Subdivision, Hawi
- 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 – $4,650,000 – 59-121 Kihi Kihi Pl, Kohala Waterfront
- Lowest priced home sold in Q3 – $500,000 – 55-581 Hawi Rd, Hawi
- Highest priced land lot sold in Q3 – $1,495,000 – 20 Acres, 54-2261Kynnersley Rd, Kapa’au
- Lowest priced land lot sold in Q3 – $350,000 – 15K sq ft, Lehuula Cir, Kapa’au
If you enjoyed this update, you may like Waikoloa Village Real Estate Update for Q3 2023.