North Kohala Real Estate Market Update for Q2 2017

By
Real Estate Agent with Hawaii Luxury Real Estate RB-21156 RB-21643

North Kohala is 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.

Hawi

The other small town, Kapaa’u, also contains a small downtown area with assorted shops and cafes, and is home to the original King Kamehama 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 starter 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 character of the Kohala Ranch area is that virtually every home and lot features panoramic ocean views.

View all homes for sale in the North Kohala area.  Instantly find out what your Kohala Coast Home is worth. Discover how my Vacation Rental Management Plan can save you $1,000’s.

North Kohala Home

At the time of this writing (Sept 1st), there were 43 homes for sale in the North Kohala area and 12 in escrow. There are no condos located in North Kohala, so there are no statistics for that market segment.  Of these homes for sale, the highest priced one continues be the home located at 68-3083 Puakea Bay Dr in the Puakea Bay Ranch community and is listed at $9,995,000.  At the other end of the spectrum, the lowest priced home on the market is located at 53-4230 Akoni Pule Hwy in Kapa’au, a starter home listed at the low price of $230,000.

Sales have risen slightly since Q1 in North Kohala, with the Q2 time frame of April through June 2017 Kohala Ranch Poolseeing 21 homes sold. The highest priced of these homes is located at 58-1200 Akoni Pule Hwy, an off-grid home in Kaupalaoa. It was listed at $2,100,000 and sold for $2,000,000 even. The lowest priced home to sell in North Kohala was listed at $225,000 and sold for $218,000. It is located at 52-290 Keokea Park Rd in Kapa’au.

Analysis: With the slight drop inventory over Q1 (48 homes to 43 homes), and the increase in sales (15 homes to 21 homes), the market in North Kohala is pretty close to being in a balanced market. As with most of the markets on the Kohala Coast, the market is slowing edging away from being a Buyer’s Market, which it has been for the last few years. 

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.

 

Highlights of the North Kohala Q2 Market Update

  • Number of Homes currently for sale - 43
  • Number of homes currently in escrow - 12
  • Highest priced home currently for sale – $9,995,000 – 56-3083 Puakea Bay Dr, Puakea Bay Ranch
  • Lowest priced home currently for sale – $230,000 - 53-4230 Akoni Pule Hwy, Kapa’au
  • Number of homes sold in Q2 (Apr – Jun) – 21
  • Highest priced home sold in Q2 (Apr – Jun) – $2,000,000 58-1200 Akoni Pule Hwy, Kaupalaoa
  • Lowest priced home sold in Q2 (Apr – Jun) -  $218,000 - 52-290 Keokea Park Rd, Kapaau 

If you enjoyed this update, you may like Kohala Market Update for July 2017

First published at www.ViewHawaiiLuxuryHomes.com/MarketUpdates

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Hawaii Hawaii County Hawi
Tags:
luxury real estate
luxury homes
big island
vacation rentals
vacation homes
hawaii
kohala coast
kohala
north kohala
kohala homes

Spam prevention
Show All Comments
Ambassador
3,372,320
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You, Korby Matsen, R(B)  have provided some great information about the North Kohala Coast and it looks like it would be a great place to call home!

Sep 26, 2017 10:27 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
243,300

Korby Matsen, R(B)

REALTOR Broker - Kohala Coast, HI 808-557-5321
Ask Me Anything.
*
*
*
*

Additional Information