Business/In Brief • Jan. 9, 2014

Oahu home sales dropped 3 percent

HONOLULU – Sales of single-family homes and condominiums on Oahu saw a nearly 3 percent drop in December.

That’s according to monthly statistics released Tuesday by the Honolulu Board of Realtors. There were 283 single-family homes sold on the island last month, compared with 291 for the same month last year. There were 390 condos sold, down from 401 in December 2012.

Board President Julie Meier says the small dip in sales is typical for this time of year.

The median price for a single-family home last month was $685,000, about 14 percent higher than in December 2012. The board says the price matches the market’s all-time high. The median price paid for a condo decreased 1.5 percent from December 2012 to $330,000.


Phone books to generate energy

HONOLULU – Old, unwanted phone books on Oahu are being collected to eventually recycle and generate power.

Officials for Hawaiian Telcom Yellow Pages and its sales agent say more than 170,000 old phone books were recycled on Oahu last year.

Oahu Branch Manager Ray Carulli of The Berry Co. says its “Think Yellow Go Green” campaign is consistently most successful in Honolulu compared with other markets.

Officials say the phone books will be recycled into refuse-derived fuel for Hawaiian Electric Co.

Books are being collected at several malls around the island during certain dates in January, with radio stations running promotions to give prizes to recyclers.