The Kohala Real Estate Update is for the spectacular area located on the west coast of the Big Island of Hawaii. The Big Island got its name as to differentiate it between the State of Hawaii and the Island of Hawaii. The Kohala Coast is split into two areas, North Kohala and 
South Kohala, with North Kohala covering the more rural northern end of the island, containing the small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities
South Kohala begins just south of Kohala Ranch and covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts’, the small town of Waikoloa Village, located 6 miles inland from the resorts and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting the Market Update Page on my website.
View all Homes for Sale on the Kohala Coast. Instantly find out what your Kohala Coast Home is worth. Discover how our Vacation Rental Management Program can save you $1,000’s.
The number of single-family homes sold in Kohala in August 2022 decreased significantly over last August, with 20 homes selling in August this year, down from 36 homes selling in August 2021. 
This drop was felt in all Kohala markets, with the volume in North Kohala falling from 7 homes sold in August 2021 to just 3 homes this year, while South Kohala’s August 2022 number fell to 17 single-family homes sold from 29 homes last August. The number of condos sold in August 2022 also experienced quite a drop, falling from 24 units sold last August, to 10 units condos being sold this year.
As with the monthly numbers, the year-to-date numbers in 2022 are also down. There were 215 single-family homes sold this year in Kohala, down from the 295 homes sold by this time in 2021. 
This decrease was felt in all the markets of Kohala, with the number of single-family homes sold in North Kohala decreasing from 80 homes in 2021 to 57 homes this year. The sales volume in South Kohala fell from 215 single-family homes sold last year to 158 homes this year. The year-to-date number of condos sold had the largest decrease, falling from 304 units sold last year, to 219 units sold in 2021.
Except for South Kohala, the median sales price was down in all market segments in August 2021. The median sale price in North Kohala fell from $540,000 in August 2021 to $425,000 in August of 
this year, while in South Kohala, the median sales price rose, increasing from $870,000 in August 2021 to $1,065,000 in August this year. The condo market had a slight decrease in median sales price, with the August 2022 sales price falling to $692,500 from $700,000 in August 2021.
Although the monthly numbers were mixed, the year-to-date median sales price was up in every market segment. The year-to-date median sales price in South Kohala experienced the smallest increase, rising 10.85% from $820,000 in 2021 to $909,000 this year. While North Kohala’s single-family home median sales price rose at a larger amount, increasing 18.20% from $854,500 in 2021 to $1,010,000 this year. The condo market also experienced an impressive increase, rising 46.80%, from $749,000 in 2021 to $1,100,000 this year.
Analysis: The Kohala Real Estate Update for August shows us that sales volume on the Kohala Coast has slowed considerably in both monthly and year-to-date numbers. The median sales price for August is also down over last August, but the year-to-date prices are all still positive.
If you are thinking of buying or selling a home anywhere on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in. To view more real estate updates from different areas of the Kohala Coast, visit the Market Update Page on my website. Mahalo.
Kohala Real Estate Market Highlights for August 2022
- No. of single-family homes sold in North Kohala – 3
- No. of single-family homes sold in South Kohala – 17
- No. of condo units sold in South Kohala – 10
- YTD No. of single-family homes sold in North Kohala – 57
- YTD No. of single-family homes sold in South Kohala – 158
- YTD No. of condo units sold in South Kohala – 219
- Median sales price of a single-family home in North Kohala – $425,000
- Median sales price of a single-family home in South Kohala – $1,065,000
- Median sales price of a condo in South Kohala – $692,500
- YTD median sales price of a single-family home in North Kohala – $1,010,000
- YTD median sales price of a single-family home in South Kohala – $909,000
- YTD median sales price of a condo in South Kohala – $1,100,000
If you enjoyed this update, you might like Waikoloa Village Real Estate Update for Q2 2022.