Kohala Coast Resort Subdivisions
Q2 Market Statistics
Mauna Kea
The Mauna Kea market recorded four closed sales during this reporting period, reflecting limited inventory and continued activity within this exclusive luxury community. Sales included three condominium transactions and one land sale.
In the condominium market, three properties closed with sale prices ranging from $1.75 million to $4.7 million. The average sale price was approximately $3.57 million, with a median of $4.27 million. Condominiums sold for an average of 95.07% of their current list price and 84.57% of their original list price, indicating buyers continued to negotiate, particularly on properties that experienced price reductions before selling. Days on market ranged from 124 to 470, averaging 239 days, reflecting the extended marketing times often seen in the luxury resort market. Price per building square foot ranged from $1,326 to $2,920, with an average of $2,158.
The land market recorded one closed sale at $3 million, compared to a listing price of $3.25 million. The property sold for 92.30% of its current list price and 75.90% of its original list price after spending 360 days on the market. The sale achieved a price of $192 per land square foot.
Overall, the Mauna Kea market remains characterized by limited inventory and high value transactions. Condominium sales continue to represent the majority of market activity, while both condo and land sales demonstrate the longer marketing periods and pricing adjustments that are common within this prestigious Big Island resort community.
Mauna Lani
The Mauna Lani Resort market recorded 14 closed sales during this reporting period, including one residential home, 12 condominium sales, and one land transaction. Activity remained strongest in the condominium segment, while residential and land inventory continued to be limited.
The residential market recorded one home sale at $16 million, compared to a listing price of $16.9 million. The property sold for 94.60% of its current list price and 80.40% of its original list price after spending 166 days on the market. The sale achieved a price of $1,678 per building square foot.
The condominium market led activity with 12 closed sales, with prices ranging from $1.275 million to $6.05 million. The average sale price was approximately $2.82 million. Condominiums sold for an average of 97.62% of their current list price and 96.13% of their original list price, reflecting strong pricing and relatively minimal negotiation. Days on market ranged from 9 to 168, averaging just 54 days, demonstrating healthy buyer demand. Price per building square foot ranged from $812 to $2,125, with an average of approximately $1,320.
The land market recorded one sale at $580,000, compared to a listing price of $599,000. The property sold for 96.80% of its current list price and 85.90% of its original list price after 218 days on the market. The sale achieved a price of $46 per land square foot.
Overall, the Mauna Lani Resort market remains active and resilient, with the condominium segment continuing to drive the majority of transactions. Strong sale-to-list price ratios and relatively short marketing times for condos highlight sustained buyer demand, while limited residential and land inventory reinforces the exclusivity of this premier Big Island resort community.
Waikoloa
The Waikoloa Beach Resort market recorded nine closed sales during this reporting period, including two residential homes, six condominium sales, and one land transaction. Activity remained balanced across the residential and condominium segments, while a notable land sale highlighted the area’s continued appeal for large-scale investment opportunities.
In the residential market, two homes sold with prices ranging from $8.375 million to $10.25 million. The average and median sale price was $9.31 million. Homes sold for an average of 96.65% of their current list price and 84.45% of their original list price, reflecting strong values following price adjustments. Days on market ranged from 42 to 394, averaging 218 days, which is consistent with the extended marketing periods often seen in the luxury market. Price per building square foot ranged from $1,831 to $2,125, with an average of $1,978.
The condominium market recorded six closed sales with prices ranging from $625,000 to $1.29 million. The average sale price was approximately $969,500, with a median of $1,000,500. Condominiums sold for an average of 97.09% of their current list price and 93.34% of their original list price, demonstrating solid pricing and relatively limited negotiation. Days on market ranged from 15 to 122, averaging 84 days. Price per building square foot ranged from $704 to $1,013, with an average of $821.
The land market recorded one sale at $35 million, compared to a listing price of $40 million. The property sold for 87.50% of both its current and original list price after 466 days on the market. The sale achieved a price of $4 per land square foot.
Overall, the Waikoloa Beach Resort market remains healthy, with steady activity across all property types. Condominiums continue to provide the highest transaction volume and relatively quicker sales, while the luxury residential and land segments reflect the longer marketing periods and significant investment values typical of one of the Big Island’s premier resort communities.
Puako
The Puako market recorded two closed sales during this reporting period, consisting of one residential home and one condominium sale. While transaction volume remained limited, both sales reflect the continued strength and exclusivity of this highly desirable oceanfront community.
The residential market recorded one home sale at $3.65 million, exceeding its current listing price of $3.6 million and closing at 101.30% of the asking price, demonstrating strong buyer demand. Compared to the original list price, the home sold for 92.40% after spending 171 days on the market. The sale achieved a price of $1,159 per building square foot.
The condominium market also recorded one sale at $719,000. The property sold at 100% of both its current and original list price after 173 days on the market, indicating stable pricing with no negotiation. The sale achieved a price of $782 per building square foot.
Overall, the Puako market continues to be defined by its limited inventory and high demand. Although only two properties changed hands during this reporting period, both transactions demonstrate solid pricing performance, reinforcing Puako’s reputation as one of the Big Island’s most sought after coastal communities.
