“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.