Kohala Coast Resort Subdivisions
Q1 Market Statistics
Mauna Kea
The Mauna Kea market recorded five closed sales during this reporting period, reflecting steady activity despite limited inventory. In the residential sector, three homes sold with prices ranging from $3.835 million to $13 million. The average sale price was approximately $8.81 million, with a median of $9.6 million. Homes achieved an average of 97.77% of their current list price and 99.04% of their original list price, indicating strong pricing with minimal negotiation. Days on market ranged from 12 to 289, averaging 190 days, which reflects the longer timelines typical of the luxury segment. Price per building square foot ranged from $1,342 to $2,701, with an average of $1,943.
In the condominium market, two properties closed between $2.8 million and $3.4 million, with both the average and median sale price at $3.1 million. Condos sold for an average of 96.55% of their current list price and 94.15% of their original list price, showing some negotiation from initial pricing. The average days on market was 44, indicating a relatively faster-moving segment. Price per building square foot ranged from $1,326 to $1,450, with an average of $1,388.
Overall, the Mauna Kea market remains stable, with strong pricing performance across both segments. Condominiums continue to move more quickly, while residential properties take longer to sell, reinforcing Mauna Kea’s position as one of the Big Island’s most exclusive resort communities.
Mauna Lani
The Mauna Lani Resort market recorded a total of nineteen closed sales across residential, condominium, and land segments during this reporting period, reflecting a healthy level of activity across multiple property types.
In the residential market, two homes closed with sale prices ranging from $10.7 million to $19 million, resulting in an average and median sale price of $14.850 million. Homes sold for an average of 85.3% of their current list price and 76.45% of their original list price, indicating notable price adjustments prior to closing. Days on market ranged from 52 to 80, with an average of 66 days, suggesting a relatively efficient pace for high-end properties. Price per building square foot ranged from $2,613 to $3,576, with an average of $3,094, reflecting the premium nature of this luxury segment.
In the condominium market, there were fifteen closed sales with prices ranging from $1.165 million to approximately $6.11 million. The average sale price was about $2.389 million, with a median of $1.699 million. Condos achieved an average of 98.55% of their current list price and 95.98% of their original list price, showing strong pricing performance and competitive buyer activity. Days on market ranged from 0 to 354, with an average of 56 and a median of 23 days, indicating that well-priced units are moving quickly. Price per building square foot averaged $1,045, with a median of $856.
In the land market, two parcels closed with sale prices ranging from $552,500 to $5.6 million, resulting in an average and median sale price of $3.076 million. Land sales achieved an average of 86.95% of their current list price and 71.40% of their original list price, reflecting more significant negotiation and pricing adjustments. Days on market ranged from 99 to 374, with an average of 236 days, indicating a longer absorption period. Price per land square foot averaged $104.
Overall, the Mauna Lani Resort market remains active and diverse, with strong performance in the condominium segment, steady movement in residential sales, and more extended timelines for land transactions. Continued demand across all property types reinforces Mauna Lani Resort’s position as one of the Big Island’s premier resort communities.
Waikoloa
Puako
The Puako residential market recorded three closed sales during this reporting period, reflecting limited but meaningful activity in this highly desirable coastal community.
Sale prices ranged from $1.6 million to $8.75 million, with an average sale price of $4.39 million and a median of $2.82 million. Homes sold for an average of 95.37% of both their current and original list price, indicating strong pricing alignment and relatively minimal negotiation between buyers and sellers.
Days on market ranged from 1 day to 66 days, with an average of 43 days and a median of 62 days, suggesting that while some properties sell very quickly, others may take longer depending on pricing, condition, and location within Puako.
Price per building square foot ranged from $1,865 to $2,116, with an average of $1,998 and a median of $2,011, reflecting consistently high values in this oceanfront and near-ocean community.
Overall, the Puako residential market remains stable, with strong pricing performance and continued demand for coastal properties, reinforcing its reputation as one of the Big Island’s most sought-after communities.
