The North Kohala Real Estate Update for Q2 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, 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 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 with large lots, as well as many acreage lots where you can build your own Hawaiian dream home. The most alluring characteristic of Kohala Ranch is that virtually every home and lot features panoramic ocean views.
View all Homes for Sale in North Kohala. Instantly find out what your Kohala Coast Home is worth.
At the time of this writing (Aug 20th), there were 22 homes for sale in North Kohala and 5 homes in escrow. 
In the vacant land market, there were 48 lots for sale, with 5 lots in escrow. There are no condos located in North Kohala, so there are no statistics for that segment. Of the homes for sale, the highest priced one is located at 56-102 Old Coast Guard Rd in Hawi and is listed at $7,490,000. The highest priced vacant land for sale is listed at a cool $22,000,000 and is 412 acres at the end of Union Mill Rd in Kapa’au.
At the other end of the spectrum, the lowest priced home is located at 53-3988 Kii Pl in Kapa’ua and is listed at $699,000, while the lowest priced land for sale is a 3.07-acre lot on Kanaloa Dr in Kohala Ranch, currently listed at $299,000. Sales volume of single-family homes has slowed moderately in North Kohala in Q2 while land sales have risen. During this time frame of April through June 2024, there were 14 homes and 14 land lots sold.
The highest priced of the homes sold is located at 59-112 Kihi Kihi Pl in Kohala Waterfront. It was 
listed at $5,495,000 and sold for $5,200,000. The highest priced vacant land to sell went for $3,850,000 from a list price of $4,500,000. It is 42.16 acres at 52-5055 Akoni Pule Hwy in Kapa’au. The lowest priced home to sell in North Kohala was listed at $449,000 and sold for $426,550. It is located at 53-409 Halaula Maulili Rd in Kapa’au, while the lowest priced lot to sell went for $240,000 from a list price $275,000. It is a 12,937 sq ft lot at 55-789 Hawi Rd in Hawi.
Analysis: The North Kohala Real Estate Update for Q2 reveals that after a big spike in sales of single-family homes in Q1, sales volume has come down moderately. Vacant land sales in North Kohala, meanwhile, have risen moderately since the ultra-low levels of 2023 and beginning of 2024. Inventory levels of both single-family homes and land have stayed quite level for the past year,
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.
North Kohala Real Estate Update Q2 2024 Highlights
- Number of homes currently for sale – 22
- Number of homes currently in escrow – 5
- Number of land lots currently for sale – 48
- Number of land lots currently in escrow – 5
- Highest priced home currently for sale – $7,490,000 – 56-102 Old Coast Guard Rd, Hawi
- Highest priced land lot currently for sale – $22,000,000 – 412 Acres, Union Mill Rd, Hawi
- Lowest priced home currently for sale – $699,000 – 53-3988 Kii Pl, Kapa’au
- Lowest priced land lot currently for sale – $299,000 – 3.07 acres, 53-447 Kanaloa Dr, Kohala Ranch
- Number of homes sold in Q2 (Apr – Jun) – 14
- Number of vacant land lots sold in Q2 (Apr – Jun) – 14
- Highest priced home sold in Q2 – $5,200,000 59-112 Kihi Khi Pl, Kohala Waterfront
- Highest priced land lot sold in Q2 – $3,850,000 – 42.16 acres, 52-5055 Akoni Pule Hwy, Kapa’au
- Lowest priced home sold in Q2 – $426,550 – 53-409 Halaula Maulili Rd, Kapa’au
- Lowest priced land lot sold in Q2 – $240,000 – 12,937 sq ft, 55-789 Hawi Rd, Hawi
If you enjoyed this update, you may like Kohala Real Estate Update for July 2024.