Kohala Coast Resort Subdivisions
Q3 Market Statistics
Mauna Kea
The Mauna Kea market recorded nine closed sales during this reporting period, reflecting continued activity across residential, condominium, and land properties within this exclusive luxury resort community. Sales included one residential property, seven condominium transactions, and one land sale. Condominiums represented the majority of the market activity during the period.
In the residential market, one property closed at $13.4 million, compared to a listing price of $14.9 million. The property sold for approximately 89.90% of its current and original list price after spending 36 days on the market. The sale achieved a price of $1,907 per building square foot, highlighting the premium values associated with luxury residential properties at Mauna Kea.
The condominium market recorded seven closed sales, with sale prices ranging from $2.75 million to $8.65 million. The average sale price was approximately $5.35 million, with a median of $5.31 million. Condominiums sold for an average of 96.25% of their current list price and 96.90% of their original list price, indicating relatively strong pricing compared to the initial asking prices. Days on market ranged from 0 to 254 days, averaging 95 days, with a median of 41 days. Price per building square foot ranged from $1,326 to $3,335, with an average of $2,181 and a median of $1,990.
The land market recorded one closed sale at $2.9 million, which matched the property’s listing price. The property sold for 100% of both its current and original list price and closed immediately with zero days on market. The sale achieved a price of $131 per land square foot.
Overall, the Mauna Kea market continues to reflect the high-value nature of this prestigious Big Island resort community. Condominium sales accounted for the majority of transactions, with seven closings and an average sale price of approximately $5.35 million. The residential sale also demonstrated the premium pricing of luxury properties, while the land transaction closed at full asking price with no days on market, highlighting continued demand for select properties within Mauna Kea.
Mauna Lani
The Mauna Lani Resort market recorded 16 closed sales during this reporting period, including three residential homes, 12 condominium sales, and one land transaction. Activity remained strongest in the condominium segment, which accounted for the majority of sales, while residential properties reflected a smaller number of transactions with a wide range of sale prices.
The residential market recorded three closed sales, with prices ranging from $4.5 million to $38.2 million. The average sale price was approximately $18.36 million, with a median of $12.37 million. Residential properties sold for an average of 89.54% of their current and original list prices after spending an average of 402 days on the market, with days on market ranging from 91 to 890 days. Price per building square foot ranged from $1,636 to $5,969, with an average of $3,503 and a median of $2,904.
The condominium market led activity with 12 closed sales, with prices ranging from $1.085 million to $2.695 million. The average sale price was approximately $1.64 million, with a median of $1.225 million. Condominiums sold for an average of 95.23% of their current list price and 91.00% of their original list price, indicating some pricing adjustments during the marketing process. Days on market ranged from 0 to 346, averaging 124 days, with a median of 106 days. Price per building square foot ranged from $601 to $1,887, with an average of $1,009 and a median of $935.
The land market recorded one sale at $827,000, compared to a listing price of $860,000. The property sold for 96.10% of its current and original list price after spending 16 days on the market. The sale achieved a price of $63 per land square foot.
Overall, the Mauna Lani Resort market remains active across all three property types, with condominiums continuing to drive the majority of transactions. Residential sales reflected exceptionally high values but longer marketing periods, while condominiums showed solid sale-to-current-list price ratios despite some reductions from original asking prices. The land transaction also moved relatively quickly, selling within 16 days at more than 96% of its list price, reflecting continued interest in select properties within this premier Big Island resort community.
Waikoloa
The Waikoloa Beach Resort condominium market recorded 13 closed sales during this reporting period, with sale prices ranging from $750,000 to $3.57 million. The average sale price was approximately $1.61 million, with a median of $1.25 million. Overall, the market showed a range of pricing across the resort’s condominium offerings, with several properties selling after extended marketing periods.
Condominiums sold for an average of 95.20% of their current list price and 91.00% of their original list price, indicating that many properties underwent price adjustments before closing. The sale-to-original-price ratio ranged from 73.00% to 98.80%, reflecting varying levels of negotiation and price repositioning. Days on market ranged from 9 to 416 days, averaging 156 days, with a median of 169 days.
Price per building square foot ranged from $588 to $1,769, with an average of $1,009 and a median of $823. The wide range reflects differences in property size, location, condition, amenities, and overall positioning within the Waikoloa Beach Resort condominium market.
Overall, the Waikoloa Beach Resort condominium market continues to offer a broad range of opportunities, from more moderately priced units to high-end resort properties. While some condominiums sold relatively quickly, the overall average marketing period of 156 days indicates that buyers are taking time to evaluate pricing and value, particularly at the higher end of the market.
Puako
There is no data for Q-3 as zero sales were conducted during this time period.
