Business / In Brief • Apr. 9, 2013

Oahu home sales, prices increase

HONOLULU – New monthly figures show that Oahu real estate sales and prices increased last month.

The Honolulu Board of Realtors said Monday condominium sales surged 73 percent from the same month last year to 585.

The figures include sales from a sold-out condominium called Holomua, which accounted for almost one-third of all units that changed hands.

The median price for a condo rose 11 percent to under $350,000.

Meanwhile, the median price for a single-family home in March was $640,000, up more than 2 percent from last year. More than 230 homes sold, up 4 percent.


Insurance exchange gets $130M grant

HONOLULU – Hawaii’s insurance exchange is getting a federal grant worth nearly $130 million to set up a call center and customer assistance program.

Hawaii Health Connector said Monday the money will also pay for general maintenance and the exchange’s operations through December 2014.

Hawaii set up the exchange as part of the Obama administration’s health care reform law, the Affordable Care Act.

The exchange is designed to provide insurance coverage to middle-class households who currently can’t get their own. Individuals and small businesses may use it to select a private health plan.