Kohala Real Estate Update for November 2019

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

The Kohala Coast is located on the west coast of the Big Island of Hawaii. It is called the Big Island as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural, northern end of the island, containing the historic small towns of Hawi, Kapa’au, and the Kohala Ranch communities.

 

Ka MIlo at Mauna Lani

 

South Kohala is just south of Kohala Ranch and contains 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 my Vacation Rental Management Program can save you $1,000’s.

 

Mauna Lani resortThe number of single-family homes sold in Kohala in November 2019 was up slightly over November 2018, with 22 homes selling in November 2018, while 26 homes were sold this November. This increase in sales volume happened in both parts of Kohala. In South Kohala, the volume increased slightly, from 18 homes to 19, and in North Kohala there was an increase of 3 homes, from 4 homes up to 7. The number of condos sold remained the same in November 2019 over last November, with 17 units selling both years.  

 

Ka Milo at Mauna LaniAs with the November monthly number of single-family homes sold, the overall year-to-date volume also increased marginally in 2019 over 2018, with 277 homes being sold by this time last year, while 280 homes were sold this year. This overall increase was not enjoyed in both parts of Kohala, with the number of single-family homes in North Kohala increasing from 60 homes sold 2018, to 66 sold homes this year, while South Kohala decreased from 254 homes last year to 251 homes sold in 2019. The number of condos sold year-to-date was also up marginally, rising from 277 units sold in 2018, to 280 units sold this year.

 

Even though the sales volume of single-family homes in Kohala experienced slight increases in November Halii Kai2019 from November 2018 in most market segments, the change in median sales price was somewhat of a mixed bag. The median sale price in South Kohala experienced a small decrease, falling from $645,295 in November 2018 to $625,000 in November of this year, while North Kohala experienced the only increase, rising a small amount, from $381,250 in November 2018 to $390,000 this November. The condo market was the only segment to remain the same, with the November median sales price being $535,000 in both years.

 

Although the monthly numbers for November were a mixed bag, the year-to-date numbers in November Big Island Map2019 were mostly down. The year-to-date median sales price of single-family homes in North Kohala experienced the largest decrease, falling 4.32%, from $776,000 in 2018 to $742,500 this year. The median price of single-family homes in South Kohala had less of a decrease, falling just 0.17% from $596,000 in 2018 to $595,000 this year, while the condo market saw the only increase, rising just 0.86%, from $525,000 last year to $529,000 in 2019.

 

Analysis: The monthly sales volume and median sales price numbers in November 2019 reflect how the market has been for most of 2019 in Kohala. A market that has pretty much remained flat in sales volume and price appreciation, in comparison to 2018.

 Big Island Stats

If you are thinking of buying or selling a home on the Kohala Coast, contact me today. I will produce a customized market report for the neighborhood or area you are interested in buying or selling in. Mahalo.

November 2019 Kohala Market Highlights

No. of single-family homes sold in North Kohala – 7

No. of single-family homes sold in South Kohala - 19

No. of condo units sold in Kohala – 17

YTD No. of single-family homes sold in North Kohala – 66

YTD No. of single-family homes sold in South Kohala – 251

YTD No. of condo units sold in Kohala - 280

Median sales price of a single-family home in North Kohala - $390,000

Median sales price of a single-family home in South Kohala - $625,000

Median sales price of a condo in Kohala - $535,000

YTD median sales price of a single-family home in North Kohala - $742,500

YTD median sales price of a single-family home in South Kohala - $595,000

YTD median sales price of a condo in Kohala - $529,500

 

If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q3 2019.

First published at www.viewhawaiiluxuryhomes.com/MarketUpdates

close

This entry hasn't been re-blogged:

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

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

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

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

Rainmaker
237,658

Korby Matsen, R(B)

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

Additional Information