Building Permits on Pace

   From the City of Central

    Building permits remained on pace in the month of June 2012 in the city of Central with a total of 12 new residential permits being issued.  The total valuation of these permits was $2,542,930. 

     Within these permits, two were issued in Village Lakes with an average valuation of $233,023; one in Burlington Lakes valued at $158,840; three in Woodstock valued at an average of $219,105; two in Wisteria Lakes with an average valuation of $209,802; two in the Gates at Burlington with an average valuation of $152,216; and two on private parcels of land valued at an average of $268,346.   A total of 83 new residential home permits have been issued so far this year.  As a comparison, at this period last year, a total of 72 residential permits had been issued.

      Building valuation is the price based upon the square footage of the home used for permitting purposes.  The actual selling price of the home is usually higher than the valuation and depends upon amenities installed by the builder.