Mauna Kea Resort & Kohala Coast Q1 2026 Market Recap

Before we jump into the Q1 2026 numbers and market trends, I wanted to share a few exciting updates on the extensive $200M remodel at Mauna Kea Resort. The brand-new destination spa is now open, and the new full-service salon, scheduled to open later this year, represents the final phase of the project. The spa is a luxurious, wellness-focused retreat featuring 11 state-of-the-art treatment rooms and a comprehensive range of services designed to support physical, mental, and emotional well-being. The newly built oceanfront fitness center and adult lap pool are now open (pictured above).

As we move into Q2 2026, the market isn’t slowing; it’s sorting itself out. Most of the sales data across the Kohala Coast shows increases in the number of sales, overall sales volume, and average sales prices. However, there are clear signs of a more selective buyer pool. Inventory for single-family homes is up approximately 15% compared to Q1 2025, with average days on market up 12% compared to Q1 of last year and months of inventory (based on closed sales) up 19%. Condo inventory is up about 5% compared to Q1 2025, with average days on market up 4% and months of inventory (based on closed sales) up 15%. As average and median prices continue to climb, we are seeing more price reductions, indicating buyers are becoming more disciplined and less willing to pay record price-per-square-foot for properties that don’t clearly justify the premium.

Looking at the Mauna Kea Resort specifically, the number of sales in Q1 2026 decreased 18% year-over-year, but the average sales price increased 17% to $5.41M, the highest averages on record for the resort. Total sales volume was essentially flat year-over-year, which tells us that while fewer properties sold, the properties that did sell were higher priced. Compared to the 2023–2024 period, both average price and total volume have risen dramatically, showing continued strength in the luxury segment despite lower transaction counts.

Across the Kohala Coast, the broader market shows momentum, particularly in the luxury tiers. Sales above $1M increased 17% year-over-year, sales above $3M increased 15%, and sales above $10M saw a notable jump, tripling from one sale to three sales year-over-year. The average sales price across South Kohala rose to $1.99M, up 12% year-over-year, while total sales volume increased 25% to $212M. When looking at the trend over the past several years, the Kohala Coast market has more than doubled in total volume since 2023 and average prices have nearly doubled since 2020, highlighting the long-term upward trajectory of the market despite short-term fluctuations in the number of transactions.

The overall trend we are seeing is a market with rising inventory, rising prices, and rising volume, but with more negotiation, more price reductions, and more selectivity from buyers. In other words, we are transitioning away from the aggressive seller’s market of 2021–2022 and into a more balanced market where pricing strategy and property quality matter more than ever.

Please see below for a summary of the sales data for your reference:

Mauna Kea Resort Sales

2026 Q1: 9 sales (18% Decrease Year-Over-Year)
2025 Q1: 11 Sales
2024 Q1: 6 Sales
2023 Q1: 4 Sales
2022 Q1: 23 Sales
2021 Q1: 26 Sales
2020 Q1: 9 Sales

Mauna Kea Resort Average Sales Price

2026 Q1: $5.41M (17% Increase Year-Over-Year)
2025 Q1: $4.63M
2024 Q1: $2.75M
2023 Q1: $3.28M
2022 Q1: $3.31M
2021 Q1: $2.72M
2020 Q1: $3.21M

Mauna Kea Resort Total Sales Volume

2026 Q1: $49M (2% Decrease Year-Over-Year)
2025 Q1: $50M
2024 Q1: $17M
2023 Q1: $10M
2022 Q1: $76M
2021 Q1: $70M
2020 Q1: $29M

Kohala Coast Sales Above $1M (District of South Kohala)

2026 Q1: 63 Sales (17% Increase Year-Over-Year)
2025 Q1: 54 Sales
2024 Q1: 48 Sales
2023 Q1: 28 Sales
2022 Q1: 77 Sales
2021 Q1: 75 Sales
2020 Q1: 32 Sales

Kohala Coast Sales Above $3M (District of South Kohala)

2026 Q1: 15 Sales (15% Increase Year-Over-Year)
2025 Q1: 13 Sales
2024 Q1: 8 Sales
2023 Q1: 3 Sales
2022 Q1: 20 Sales
2021 Q1: 13 Sales
2020 Q1: 10 Sales

Kohala Coast Sales Above $10M (District of South Kohala)

2026 Q1: 3 Sales (200% Increase Year-Over-Year)
2025 Q1: 1 Sales
2024 Q1: 1 Sales
2023 Q1: 0 Sales
2022 Q1: 0 Sales
2021 Q1: 2 Sales
2020 Q1: 0 Sales

Kohala Coast Average Sales Price (District of South Kohala)

2026 Q1: $1.99M (12% Increase Year-Over-Year)
2025 Q1: $1.77M
2024 Q1: $1.66M
2023 Q1: $1.03M
2022 Q1: $1.33M
2021 Q1: $1.16K
2020 Q1: $874K

Kohala Coast Total Sales Volume (District of South Kohala)

2026 Q1: $212M (25% Increase Year-Over-Year)
2025 Q1: $170M
2024 Q1: $156M
2023 Q1: $101M
2022 Q1: $250M
2021 Q1: $266M
2020 Q1: $175M

Below please find the Mauna Kea Resort’s Q1 2026 Real Estate Market Update highlighting recent sales, resort offerings and local events. I hope you find this information interesting and helpful.

Q1 2026 Sales:

There was a total of nine (9) sales within Mauna Kea Resort in the first three months of 2026. (Click Here) to view detailed information of all Q1 2026 sales within Mauna Kea Resort.

Featured Offering in Mauna Kea Resort:

Inspired by Vladimir Ossipoff’s iconic Hawaiian Modern style, the home maximizes light, views, and a seamless connection between indoors and outdoors. Soaring 10 ft. ceilings, expansive windows, and flowing layouts immerse you in breathtaking coastal panoramas stretching from Hualālai to the Kohala Mountains.

Over 3,500 SF of polished concrete flooring open to a 2,200 SF covered lanai, creating effortless indoor-outdoor living. The outdoor spaces include a 72-foot solar-heated saline lap pool, spa, Fire & Water feature, tropical edible gardens, and a private lawn for bocce, croquet, volleyball, or relaxation. Other exterior features include Sugi Ban wood siding, a serene entry pond, and two outdoor garden showers.

Designed to accommodate 10–12 residents, each bedroom functions as a private suite featuring ocean views, a king-size bed, a workspace or comfortable reading/sitting area, and an ensuite bath with double sinks, bidet toilet, and large walk-in shower. The chef’s kitchen is equipped with Wolf and Sub-Zero appliances and Caesarstone waterfall counters. A private on-site spa includes a lava-themed steam shower, massage table, and garden-view soaker tub.

State-of-the-art sustainability and technology enhance everyday living with 136 solar panels, 80 solar batteries for abundant energy storage, smart-home controls, and a 9-speaker Sonos system throughout.

HoMoHo represents a rare opportunity in Hawaii’s highly limited luxury market. (Click Here) to view the MLS property details for this spectacular offering and view the website at www.hapunamodern.com.

For a Complete List of the twenty-nine (29) Condominiums and Residential Properties Currently Available at the Mauna Kea Resort (Click Here).

For a Complete List of the ten (10) Vacant Land Properties Currently Available at the Mauna Kea Resort (Click Here).

Local Events

Big Island Jazz & Blues Festival

May 14–17, 2026 at Mauna Kea Beach Hotel

13th Annual Big Island Jazz and Blues Festival at Mauna Kea Beach Hotel. 4 days of Jazz, Blues, Zydeco, Cajun and ALOHA! Featuring Grammy Award Winners, Grammy Nominated Artists, Music Hall of Fame Members and Jazz and Blues Legends. Main Festival Concert – Saturday May 16, 2026 OCEANFRONT at Mauna Kea Beach Hotel, with events taking place all weekend (May 14-17), including a Jazz Teaser Show at Mauna Kea Beach Hotel’s Copper Bar on Friday May 15th and JAZZ BREAKFAST, Sunday May 17th. For more information and tickets, visit bigislandjazzandbluesfestival.com.