The North Kohala Real Estate Update for Q4 is for the beautiful 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, with Hawi being most famous for the bicycle 
turnaround point of the annual Ironman World Championship held each October. 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 is where the gated communities of Kohala Ranch are found, 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.
View all Homes for Sale in the North Kohala area. Instantly find out what your Kohala Coast Home is worth.
The North Kohala Real Estate Update reveals that at time of this writing (Feb 20th), there were 24 single-family homes for sale and 11 homes in escrow in North Kohala, with 54 land lots on the market, with 3 lots in escrow. 
There are no condos located in North Kohala, there are no statistics for that market segment.
Of the homes for sale, the highest priced one is listed at $5,495,000, and is located at 59-112 Kihi Kihi Pl in the Kohala Waterfront community. The highest priced land lot on the market is a 471-acre lot at the foot of Union Mill Rd in Kapa’au and is listed at $22,000,000. At the other end of the spectrum, the lowest priced home on the market is located at 53-4196 Akoni Pule Hwy in Kapa’au, and is listed at $415,000, while the lowest priced land lot for sale is a 12,900 sq ft lot at 55-789 Hawi Rd in Hawi and is listed at $275,000.
Sales volume in North Kohala was down drastically in 2023 compared to 2022. In the Q4 time frame of October 1st through December 31st, 
there were just 6 single-family homes sold in North Kohala, and just 3 land lots. The highest priced home to sell is located at 59-1109 Kohala Ranch Rd, in Kohala Ranch. It was listed at $3,498,000 and sold for $3,299,000. The highest priced land lot to sell went for $475,000 from a list price of $545,000 and is a 10.97-acre parcel at 59-1131 Kohala Ranch Rd in Kohala Ranch.
The lowest priced home to sell in North Kohala is located at 53-4215 Akoni Pule Hwy in Kapa’au. It sold for $515,500 from a list price of $525,000. While the lowest priced land lot sold for $379,000 from a list price of $399,000. It is a 5.06-acre lot at on Mahuli St in Kohala Ranch.
Analysis: The North Kohala Market Update for Q4 reveals that after a steep decline in sales volume at the beginning of 2023, sales of land and single-family homes have remained low. The inventory levels of land and homes in North Kohala have remained quite steady through all of 2023, after increasing substantially over 2022 ultra-low levels.
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 Real Estate Update for Q4 2023 Highlights
- Number of homes currently for sale – 24
- Number of homes currently in escrow – 11
- Number of land lots currently for sale – 54
- Number of land lots currently in escrow – 3
- Highest priced home currently for sale – $5,495,000 / 59-112 Kihi Kihi Pl, Kohala Waterfront
- Highest priced land lot currently for sale – $22,000,000 / Union Mill Rd – 471 acres
- Lowest priced home currently for sale – $415,000 / 53-4196 Akoni Pule Hwy, Kapa’au
- Lowest priced land lot currently for sale – $275,000 / 55-789 Hawi Rd, Hawi, 12,900 sq ft
- Number of homes sold in Q4 (Oct – Dec) – 6
- Number of land lots sold in Q4 (Oct – Dec) – 3
- Highest priced home sold in Q4 – $3,299,000 / 59-1109 Kohala Ranch Rd, Kohala Ranch
- Highest priced land lot sold in Q4 – $475,000 / 59-1131 Kohala Ranch Rd, Kohala Ranch 10.97 ac
- Lowest priced home sold in Q4 – $515,000 / 53-4215 Akoni Pule Hwy, Kapa’au
- Lowest price land lot sold in Q4 – $379,000 / Mahuli St, Kohala Ranch, 5.06 ac
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