Kohala Coast Resort Subdivisions
Q1 Market Statistics
Mauna Kea
The Mauna Kea real estate market remains strong across residential, land, and condo sales. Residential homes sold near asking price, averaging $5.29M, with a 98.45% sale-to-list ratio. Land sales were highly competitive, selling at 100% of the listing price with zero days on market. Condos showed varied demand, averaging $3.89M, with some selling immediately while others took longer. Overall, luxury properties in Mauna Kea continue to command high prices, with strong buyer interest and minimal price reductions.
Mauna Lani
The Mauna Lani Resort real estate market experienced steady activity across residential and condo sales, with no land sales recorded. A single residential home was listed at $5.2M and sold for $4.9M after 94 days on the market, closing at 94.2% of the listing price with a price per square foot of $1,394. Condo sales showed more variation, with six units selling between $1.23M and $2.3M, averaging $1.73M. Condos generally sold at 96.91% of the listing price, with some exceeding asking price at 102.7%. The average price per square foot was $921, and units sold in an average of 58 days, with some sold in as little as three days. Overall, the market remains strong, with solid demand for condos and high-value residential properties, though no land sales were recorded during this period.
Waikoloa
The Waikoloa Beach Resort market saw 11 condos sold, with prices ranging from $910K to $3.55M, averaging $1.48M. Homes generally sold for 95.68% of the listing price, with some closing at full price and others at a discount as low as 65.5% of the original price. The price per square foot varied widely, from $730 to $1,700, with an average of $1,006 per sqft. Condos spent an average of 76 days on the market, with some selling in as little as one day and others taking up to 285 days. Notably, there were no recorded land or residential sales during this period, indicating a focus on condo and vacation rental sales in this area.
Puako
The Puako residential market saw three home sales, with prices ranging from $1.65M to $8.47M, averaging $4.09M. Homes generally sold for 88.44% of the listing price, with discounts from the original asking price ranging from 82.7% to 94.2%. The price per square foot varied widely, from $980 to $2,243, averaging $1,782 per sqft. Homes spent an average of 127 days on the market, with some selling in as little as 18 days and others taking up to 213 days. Notably, there were no recorded land or condo sales during this period, indicating a market primarily driven by single-family home transactions.
