EDMOND — New single-family housing construction permits increased 55 percent last year over the previous year, giving homebuyers more options.
“These annual totals for 2012 certainly reflect an encouraging year of growth for our community,” City Manager Larry Stevens said.
Edmond issued 603 building permits last year, up from 386 in 2011.
“An impressive 55 percent increase,” Stevens said. “For the past two and a half years, this number has continually increased, following a four-and-a-half-year period of decline.”
The last time the city issued more building permits was in 2005 with 695 new home construction permits.
“That was before banks stopped loaning money and unemployment,” said City Planner Bob Schiermeyer. “We are doing pretty well now.”
The largest number of building permits ever issued was in 1983 when 1,476 permits were recorded during an oil boom.
Prospective homebuyers also have a choice to build on the 8,766 lots with infrastructure improvements that were available as of Jan. 1.
Sales of already-constructed homes were up 19 percent over the previous year for the Edmond and Deer Creek areas.
“The records for sales and volume set in 2007 have been broken in 2012, and the highest average sales price set in 2008 was also broken this year, said Brian Preston, of RE/MAX Associates.
Last year, 3,790 home transactions closed, breaking the previous record by 51 transactions.
“We broke the record on total volume closed by over $71.4 million,” Preston said. He said $947,036,274 in real estate closed in 2012.
The previous record year was set in 2007, when 3,739 homes sold for $875,591,542.
“If rates and inventory stay down, we can plan on some good numbers in 2013 as well,” Preston said.
Edmond commercial building permits issued in 2012 jumped by 23 from the previous year when there were 14. Permits last year were for 356,424 square feet of new commercial space.
“We experienced a really strong year in 2012 on terms of numbers and investments,” said Janet Yowell, Edmond Economic Development Authority executive director. “Commercial permits were up by 25 percent and totaled about $106 million.”
The largest commercial building permit issued was for Mercy Health Systems' three-story medical complex and wellness center on 25.61 acres on the west side of Interstate 35, south of 15th Street. The 206,000-square-foot building is expected to be completed this summer.
Commercial building permits are getting a good start for 2013 with paperwork for the 138,242-square-feet Sam's Club and fuel station, just north of Walmart at 15th Street and I-35, at the Shoppes of Fox Lake.
Construction cost is listed as $7.5 million on the commercial building permit.
Yowell estimated activity at that site should start in 30 days.