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 is characterized by its expansive stretches of picturesque, undeveloped land, complemented by a 
diverse array of exquisite homes ranging from charming plantation homes to opulent estates, many of which boast breathtaking ocean vistas. The southern region of North Kohala is home to the exclusive gated communities of Kohala Ranch, featuring luxurious homes set on generous acreage lots. Additionally, there are numerous sizable parcels available for those aspiring to construct their own idyllic Hawaiian dream home.
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At the time of this writing (Nov 30th), there were 22 single-family homes for sale in the North Kohala area, 
with 12 homes in escrow. There are no condos located in North Kohala, so we do not collect data on that market segment. but raw land is plentiful, and there are currently 45 land lots for sale, with 3 lots in escrow.
Of the homes for sale in North Kohala, the highest priced one is listed at $7,490,000, and is located at 56-192 Old Coast Guard Rd, in Hawi, while the highest priced land for sale is a 28.56-acre parcel at 56-99 Pualani Rd, also in Hawi. It is priced at $3,999,000. At the other end of the spectrum, the home with the lowest price is located at 54-436 Hall Rd in Kapa’au and is listed at $499,999, while the lowest priced land is a 3.25-acre lot at 56-207 Lehiwa St in Kohala Ranch priced at $298,500.
Sales volume in Q3, the time from July through September, has dropped sharply since the beginning of the year, 
with 12 single-family homes selling in North Kohala this quarter. The highest priced single-family home to sell during this time is located at 59-150 Laninui Dr. in Kohala-by-the-Sea. It was listed at $2,250,000 and sold for $2,100,000. The lowest priced single-family home to sell in North Kohala was listed at $349,000 and sold for $330,00. It is located at 53-407 A Halaula Maulili Rd in Kapa’au.
In the North Kohala land market, sales volume was also down, with only 7 lots selling in Q3. The highest priced one is a 10-acre parcel in Kohala Ranch that sold for $550,000 from a list price of $575,000. The lowest priced lot to sell was a 3.3-acre lot at 59-209 Olomana Rd, also in Kohala Ranch. It sold for $315,500 from a list price of $315,000.
Analysis: The North Kohala Real Estate Update for Q3 reveals that there has been a sharp decline in the sales volume of single-family homes since Q1and in land sales since Q2. But even with the decline in sales, inventory levels of both single-family homes and land have remained relatively constant.
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 2024
- Number of Homes currently for sale – 22
- Number of homes currently in escrow – 12
- Number of land lots for sale – 45
- Number of land lots in escrow – 3
- Highest priced home for sale – $7.490,000 56-102 Old Coast Guard Rd, Kapa’au
- Lowest priced home for sale – $499,999 – 54-436 Hall Rd, Kapa’au
- Highest priced land lot for sale – $3,999,000 – 28.56 acres, 56-99 Pualani Rd, Hawi
- Lowest priced land lot for sale – $298,500 – 3.25 acres, 56-207 Lehiwa St, Kohala Ranch
- Number of homes sold in Q3 (July – Sept) – 12
- Number of land lots sold in Q3 (July – Sept) – 7
- Highest priced home sold in Q3 – $2,100,000 – 59-150 Laninui Dr, Kohala-by-the-Sea
- Lowest priced home sold in Q3 – $330,000 – 53-407 A Halaula Maulili Dd, Kapa’au
- Highest priced land lot sold in Q3 – $550,000 – 10 acres, Kohala Ranch
- Lowest priced land lot sold in Q3 – $315,500 – 3.3 acres, 59-209 Olomana Rd, Kohala Ranch
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