Grapevine - Colleyville - Southlake Edition - July 2020

GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION

REAL ESTATE

ONLINE AT

2020EDITION

VOLUME 10, ISSUE 5  JULY 16AUG. 12, 2020

Lowsupply, high demand for housing underlined by COVID19 Demand spurred by historically low interest rates

WE'RE IN THE SIXTH OR SEVENTH YEAR OF LOW INVENTORY. IT'S LESS HOMES AND MORE BUYERS.

BY GAVIN PUGH

poised to remain in demand among buyers. “Southlake is hot. So [are] Grape- vine and Colleyville,” Russo said. “If a house is updated to a pretty good standard, really at any price, ... you shouldn’t be surprised to get multiple oers.” North Texas’ status as a regional employment hub has long been a draw for buyers, but historically low interest

Some North Texas real estate experts say COVID-19 has resulted in fewer homes on the market, but demand remains as high as ever. In step with regional trends, Grape- vine, Colleyville and Southlake have all seen year-over-year declines in total housing stock in recent months. But despite the low supply, Briggs Freeman Sotheby’s International Real- tor Carol Russo says the three cities are

RANDY WHITE, RANDY WHITE REALTY SERVICES OWNER

CONTINUED ON 18

GAVIN PUGHCOMMUNITY IMPACT NEWSPAPER

Police chiefs discuss de-escalation policies

Hundreds gathered in Southlake to support racial equity in the wake of the death of George Floyd in Minneapolis police custody. See the June 6 protest photos on Page 22. (Gavin Pugh/Community Impact Newspaper)

BY GAVIN PUGH

Weeks of racial justice protests across the nation have sparked inquiries from North Texas communi- ties into the use-of-force policies of their respective police departments. The Grapevine, Colleyville and Southlake police departments have all published responses to each of the eight points brought up by 8 Can’t Wait, a national campaign calling for police reform. 8 Can’t Wait garnered widespread attention in the weeks following the death of George Floyd in

A demonstrator holds a sign at the Southlake protest. (Ian Pribanic/Community Impact Newspaper)

CONTINUED ON 20

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2020 EDI T ION REAL ESTATE

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Cheers to Sold! Kim has 20 years of real estate expertise in the Grapevine, Colleyville, Southlake, and surrounding markets.

All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. All measurements and square footages are approximate, but not guaranteed and should be independently verified. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Compass is a licensed real estate broker. Equal Housing Opportunity.

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION • JULY 2020

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

THIS ISSUE

CONTENTS IMPACTS

HIGHLIGHTS FROMTHISMONTH

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Now Open, Coming Soon &more CORONAVIRUS UPDATES

MARKET TEAM GENERAL MANAGER Ana Erwin, aerwin@communityimpact.com EDITOR Gavin Pugh GRAPHIC DESIGNER Ellen Jackson ACCOUNT EXECUTIVE Lexi Canivel MANAGING EDITOR Valerie Wigglesworth ART PRODUCTIONMANAGER Breanna Flores CORPORATE LEADERSHIP PUBLISHERS AND FOUNDERS John and Jennifer Garrett GROUP PUBLISHER Traci Rodriguez EXECUTIVE EDITOR Joe Warner METRO LEADERSHIP PUBLISHER Christal Howard CREATIVE DIRECTOR Derek Sullivan SALES DIRECTOR Tess Coverman WHOWE ARE

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Texas’ reopening eorts

FROMANA: Every July, we like to take a closer look at one of our most-read sections of the paper and expand it even more for you. If the front cover didn’t give it away, I am talking about our real estate section. Many of you have been asking how COVID-19 has aected the real estate market in our three cities as you prepare to sell or buy a home or think about future plans. We have some insightful data and information for you. I don’t want to say too much, so make sure and read our real estate section (see Page 14). Also, please pay special, close attention to the local advertising sponsors who made this section possible for you to enjoy this month. Ana Erwin, GENERALMANAGER

Real EstateEdition

MARKET SNAPSHOT Annual real estate trends REFINANCING GUIDE Learn about low interest rates

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THIS ISSUE BY THE NUMBERS

John and Jennifer Garrett began Community Impact Newspaper in 2005 in Pugerville, TX. The company’s mission is to build communities of informed citizens and thriving businesses through the collaboration of a passionate team. Today, we operate across six metropolitan areas, providing hyperlocal, nonpartisan news produced by our full-time journalists in each community we serve. BECOMEA#COMMUNITYPATRON

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Local sources 12

New businesses 5

Road projects 4

Pages of real estate content 6

Unique Landscaping oers advice on marketing a home

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Southlake protest

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GRAPEVINE  COLLEYVILLE  SOUTHLAKE EDITION • JULY 2020

IMPACTS

Businesses that have recently opened or are coming soon, relocating or expanding

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LAKE GRAPEVINE

DOVE R D .

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BETHEL RD.

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CONTINENTAL BLVD.

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din Blvd.; and in Southlake at 2201 W. Southlake Blvd. 800-960-4778. www.urbanairtrampolinepark.com COMING SOON 7 Fabletics plans to open in July at 110 State St., Ste. 110, Southlake. Co-founded by Kate Hudson, the lifestyle brand oers activewear for men and women. The Southlake store will incorporate a user interface for shoppers to interact with that will allow them to request an item with a dierent size or color, check stock and receive styling tips without having to leave the tting room. 682-268-4898. www.fabletics.com RELOCATIONS 8 Southlake Style relocated to its new, custom-designed, 4,000-square-foot building June 15. The building, located at 520 E. Southlake Blvd., Southlake, has room for the magazine’s growing sta in addition to a photography studio and room for hosting community events,

HALLJOHNSON RD.

GLADE RD.

TM; © 2020 COMMUNITY IMPACT NEWSPAPER CO. ALL RIGHTS RESERVED. MAP NOT TO SCALE N

NOWOPEN 1 SPENGA , a national chain of boutique tness studios oering a combination of cycling, strength training and yoga training, expected to conduct a soft opening July 13 and celebrate the grand opening of its Southlake location July 25. The facility, located at 1161 Southlake Blvd., Ste. 250, Southlake, will operate from 5 a.m.-8 p.m. weekdays and, tentatively, from 7 a.m.-2 p.m. Saturdays. According to General Manager Devon Littleeld, the Southlake SPENGA location will be the rst of four total Dallas-Fort Worth locations. For rates and class schedules, call 817-809-8556 or visit www.spengasouthlake.com. 2 Beanvoy Coee Lounge opened in early June at 2801 E. Southlake Blvd., Ste. 100, Southlake. The coee shop oers

a variety of paninis and light pastries in addition to coee, according to the owner. 682-477-4090. www.facebook.com/ beanvoy-coee-lounge-106875724387368 3 L Makeup Institute opened Feb. 17 in Southlake Town Square at 112 State St., Ste. 200, Southlake. The institute’s rst class began in early June, according to a spokesperson for the school. The makeup artistry school oers eight-month degree programs that teach students beauty skills, airbrush makeup, body painting and special eects makeup. 214-446-6092. www.lmakeupinstitute.edu 4 One Stop Nutrition opened a new location in mid-July 2704 E. Southlake Blvd., Ste. 101. The nutrition shop oers nutritional shakes with calorie-specic in- gredients and gourmet coee. The store will also oer health food items, such as BE DFORD R

protein products, herbs and vitamins. www.onestopnutrition.com 5 Collective MVMT opened at the end of June at 2251 E. Southlake Blvd., Ste. 100, Southlake. The exercise studio oers cycling classes and full-body, resis- tance-based strength training classes. 817-410-2060. www.collectivemvmt.com REOPENING 6 Urban Air Adventure Parks opened several Dallas-Fort Worth area locations June 20, according to a June 15 release. Thirteen DFW locations will reopen under new safety protocols, including in North Fort Worth at 9157 Harmon Road; in Southwest Fort Worth at 5425 Columbus Trail; in Frisco at 10570 John W. Elliott Drive, Ste. 900; in McKinney at 3150 Har-

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Check Facebook for updates

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

COMPILED BY GAVIN PUGH, MIKE GRAHAM, AND MAKENZIE PLUSNICK

F45 Training in Southlake will oer various classes daily. (Courtesy F45 Training)

FEATURED IMPACT COMING SOON Cross trainers in the Southlake area will soon have a new option as F45 Training ’s latest franchise prepares to open the week of Aug. 3. Designed for people seeking a quick but challenging and varying workout, the tness facility focuses on 45-minute workouts with an emphasis either on cardio or strength training, depending on the day of the week. The facility at 1221 E. SH 114, Ste. 120, Southlake, was formerly the site of a Pilates Mixology location that closed in November. “I feel like [in] Southlake, we’re just very intimate as a community,” studio manager Brittani Miller said. “I love all the dierent gyms, the dierent varieties we have here. It’s such a tight-knit community. I think F45 builds that in its studio, and I actually fell into F45 going to the one in Dallas on Main Street, and [now, I] live here in Southlake.” According to Miller, the gym will oer cardio classes on Mondays, Wednesdays and Fridays and will oer strength

classes on Tuesdays, Thursdays and Sundays. Saturdays will feature a one- hour class with an equal emphasis on cardio and strength training as well as a live DJ. Miller said extra precautions are being taken amid the COVID-19 pandemic to ensure patron health and safety. Participants must adhere to the latest social distancing measures and must bring their own mats, towels and water. All guests will have their temperature taken before being admitted into the building. 817-930-2648. www.f45training.com

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NEWOWNERSHIP 11 Asbury Automotive Group has acquired the Lexus Grapevine dealership at 901 E. SH 114, Grapevine, according to a July 6 announcement. The dealership had previously been under the ownership of Park Place Dealerships. 817-310-9671. www.parkplace.com CLOSINGS 12 The Apple Store at Southlake Town Square has temporarily closed its doors as COVID-19 cases surge throughout the state. “We take this step with an abun- dance of caution as we closely monitor the situation, and we look forward to having our teams and customers back as soon as possible,” said Deirdre O’Brien, Apple senior vice president for retail op- erations, in a news release. The Southlake store, located at 260 Grand Ave., South- lake, is one of 10 Apple Store closures in the state of Texas. 817-722-1401. www.apple.com

Publisher Mike Tesoriero said in an email. Southlake Style is locally owned and operated and serves as the city’s lifestyle

Thinking of selling a home? If you are a Realtor or homeowner, call Peak Roofing & Construction before listing your home. We offer FREE , honest inspections to help determine if a roof is ready for today’s housing market.

magazine. 817-416-4500. www.southlakestyle.com

9 Soul Sweat Hot Yoga is relocating from its Colleyville location to a new space at 1431 E. Southlake Blvd., Ste. 519, Southlake. The yoga studio initially opened in June but later closed in order to secure its certicate of occupancy. The yoga studio expects to open to the public again in mid-July. Soul Sweat also has a location in Fort Worth. 817-410-3737.

www.soulsweatyoga.com ANNIVERSARIES

972-731-7663 Call or go online for a free roof inspection

10 Mother Clucker celebrated its one- year anniversary at the end of June at 7171 Colleyville Blvd., Ste. 109, Colleyville. The restaurant serves chicken tenders, eight dierent types of fries and seven sauce options as well as desserts. 817-527-6390. www.mothercluckertx.com

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GRAPEVINE  COLLEYVILLE  SOUTHLAKE EDITION • JULY 2020

TRANSPORTATIONUPDATES

COMPILED BY GAVIN PUGH

ONGOING PROJECTS

COMPLETED PROJECTS

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Colleyville to add 2 new roundabouts Two Colleyville intersections along Westcoat Drive will be receiving round- abouts. Construction for a roundabout at the intersection of McDonwell School Road and Westcoat Drive began May 14. The work will also include storm drain in- stallations, utility relocations, paving and new signs, among other improvements. Another roundabout will be constructed at the intersection of John McCain Road and Westcoat Drive. Timeline: May 2020-spring 2021 Cost: $2.4 million Funding source: city of Colleyville

DFW Connector lane closures Lane closures scheduled throughout the month of June provided space for construction crews to conduct paving and roadway work for the massive DFW Connector project. Work performed included roadway work on northbound SH 121 north of the Dallas Fort Worth International Airport, paving work at the intersection of SH 121 and Bass Pro Drive and paving work on International Parkway north of the airport. Timeline: expected completion in 2022 Cost: $370 million Funding source: TxDOT

North White Chapel retaining wall Construction on North White Chapel Boulevard has included the addition of a retaining wall, which serves to retain the soil that will be beneath the northbound lanes when complete. It will also act as a structural support for screening walls to provide privacy for nearby residential areas, according to a June 10 update from the city of Southlake. The retaining wall will be reinforced with concrete and will eventually include permanent masonry. Timeline: completion in spring 2022 Cost: $17 million Funding source: city of Southlake

Sidewalk complete at Continental Boulevard

A new 6-foot-wide sidewalk on Conti- nental Boulevard creates a complete loop that will connect into South Carroll Avenue and South Kimball Avenue. The sidewalk also includes handicap-ac- cessible ramps and handrails in several locations throughout. The city of South- lake frequently makes improvements on sidewalks throughout the city. Timeline: sidewalk complete Cost: $317,000 Funding source: city of Southlake

ALL INFORMATION ON THIS PAGE WAS UP TO DATE AS OF JULY 9. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT GCSNEWS@COMMUNITYIMPACT.COM.

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

HEALTH CARE

COMPILED BY GAVIN PUGH

May 26 Gov. Greg Abbott issued a

June 25

July 2

FROM REOPENING TO CLOSING TEXAS This timeline tracks reopening efforts amid the COVID-19 pandemic in Texas as well as the recent surge in cases and the subsequent re-closures. This information is accurate as of press time July 9. SOURCES: WORLD HEALTH ORGANIZATION, CENTERS FOR DISEASE CONTROL AND PREVENTION/COMMUNITY IMPACT NEWSPAPER May 1 After stay-at-home orders that had been in effect since March, May 1 marked the beginning of Gov. Greg Abbott’s first statewide phase of economic reopening. Abbott’s plan allowed select businesses to open with limited service.

In response to the county’s mask order, Colleyville released a statement via a Facebook post claiming that an order mandating face mask use will not be enforced, but the city encouraged residents to take precautions.

Ahead of a weekend of potential Fourth of July festivities, Gov. Greg Abbott ordered all Texans to wear a face covering over their nose and mouth in public spaces.

proclamation allowing water parks as well as other services and activities to reopen under Phase 2 of the state reopening plan.

June 2

July 7

June 26

The city of Grapevine officially called off its Main Street Fest, which was scheduled to be held June 26-28. The decision to cancel was based on the requirements from Gov. Greg Abbott’s strike force committee.

School districts and systems across the state of Texas are required to offer on-campus classes, but parents can request a student be offered virtual instruction instead of in- person classes, according to Texas Education Agency guidelines.

In the wake of surging coronavirus cases statewide that led to concerns about hospital capacity, Gov. Greg Abbott issued an executive order that closed all of the state’s bars at noon and restricted restaurant capacity to from 75% back down to 50%.

June 15

Grapevine’s Gaylord Texan Resort & Convention Center initiated temporary and/or permanent layoffs for 1,426 of its employees. The resort reopened its doors for summer travelers June 8.

New daily COVID-19 cases statewide

12k 10k 8k 6k 4k 2k 0

10,028

1,142

May 18 Abbott announced Texas was moving into Phase 2 of its reopening plan, with openings planned for child care services, bars and other businesses.

June 25

Tarrant County Judge Glen Whitley announced that wearing a face mask would be required in all businesses.

May 1

May 15

June 1

June 15

July 7 July 1

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION • JULY 2020

CITY& COUNTY

News from Grapevine, Colleyville, Southlake & Tarrant county

Colleyville approves SH 26 landscaping contract for $5.75M

Censusworkers to begineldoperations

self-response participation, espe- cially in areas where the response rate is low, said Al Fontenot, asso- ciate director for decennial census programs, and Tim Olson, associate director for eld operations, in a July 8 media brieng on the 2020 census. For individuals who have not responded, one of about 500,000 census takers, known as enumer- ators, will visit their household to collect responses, a process known as the nonresponse follow-up, Olson and Fontenot said. The follow-up is the largest operation the bureau does during the census, Olson said.

BY JEN PARA

TEXAS Residents across the nation have until Oct. 31—an extended deadline because of the coronavirus pandemic—to self-respond to the 2020 U.S. census. So far, the 2020 census has received a 61.9% response rate, and the U.S. Census Bureau plans to do a nationwide campaign in July using yers, social media, advertising and grassroots eorts to push additional

BY GAVIN PUGH

COLLEYVILLE City Council approved on July 7 a $5.75 million contract for landscaping along SH 26. The project will span from John McCain Road to Brown Trail and will include hardscaping and landscaping, according to the city. Some of the plants will include white gaura, black-eyed Susan,

The median landscaping will be installed along SH 26. (Rendering courtesy city of Colleyville)

lavender cotton, yellow yucca and catmint. In addition, trees placed throughout the median will include Princeton American elms and cedar elms.

Unemployment claims see a dip inGrapevine, Colleyville, Southlake TARRANT COUNTY Grapevine, Colleyville and Southlake residents are still ling unemployment claims, unemployment claimants between April 22-May 23. That number declined to 507 claimants between May 20-June 20 time frame. BY GAVIN PUGH Southlake’s decreased from 354 to 154. The No. 1 industry for statewide

UNEMPLOYMENT CLAIMS The number of people who led unemployment claims between May 20-June 20 is declining. Here are the latest gures:

507

Grapevine Colleyville Southlake

unemployment claims is full-service restaurants, followed by temporary help services and then limited service restaurants at Nos. 2 and 3, respectively.

189

but at a lesser rate than a month ago, according to Texas Workforce Commission data. Grapevine had a total of 919

During those same date ranges, the number of people ling unem- ployment claims in Colleyville decreased from 336 to 189, and

154 SOURCE: TEXAS WORKFORCE COMMISSION COMMUNITY IMPACT NEWSPAPER

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CITY HIGHLIGHTS COLLEYVILLE City Council passed a resolution at its June 15 meeting to help local businesses through two advertising programs. The rst program will help businesses create promotional videos, and the second will provide businesses with $1,000-$2,000 if they make a $500 charitable contribution. Colleyville City Council Meets at 7:30 p.m. the rst and third Tuesday of each month www.colleyville.com Grapevine City Council Meets at 7:30 p.m. the rst and third Tuesday of each month www.grapevinetexas.gov Southlake City Council Meets at 7 p.m. the rst and third Tuesday of each month www.cityofsouthlake.com Grapevine-Colleyville ISD board Meets at 7 p.m. the fourth Monday of each month www.gcisd.net Carroll ISD board Meets at 5:30 p.m. the rst and third Monday of each month www.southlakecarroll.edu MEETINGSWE COVER

Grapevine, Southlake sales tax on a decline

BY GAVIN PUGH

TARRANT COUNTY Recent sales tax collections in Grapevine and Southlake saw declines, while collections in Colleyville were up. The Texas Comptroller’s Oce released sales tax collection data July 8, which generally reects sales from the month of May. Grapevines sales tax collections were $2.3 million—a 3.82% decrease from the same time last year. South- lake’s collections were $2.2 million, a 10.96% decrease from the same time last year Colleyville sales tax collections saw an increase of 10.4% to $496,481. Statewide sales tax collections from the comptroller’s July report were $744.2 million. That’s 2.6% less than the report from July 2019. According to the comptroller’s oce, social distancing requirements were eased across the state in May, resulting in less steep declines than in prior months.

Crews work June 22 to place the new “Kugel,” a oating granite sphere, on its tted pedestal at the northeast corner of South Main Street and East Wall Street. (Screenshot courtesy Grapevine Convention & Visitors Bureau)

Grapevine public art piece nowon display onMain Street

South Main Street and East Wall Street, according to the Grapevine Convention & Visitors Bureau. “Kugel” is the German word for ball or sphere. It contains a world map with a star etched on the location of Grapevine. Pressurized water allows the sphere to spin easily, as if it is oating. Grapevine City Council pur- chased the piece through its Public Art Fund, which gets revenue from cell phone antenna leases on water towers. The artwork cost an estimated $25,000.

BY VALERIE WIGGLESWORTH

GRAPEVINE A new public art piece set in motion June 22 gives people another reason to visit Grapevine Main Street. Crews placed the 3,000-pound Kugel granite sphere on a tted pedestal at the northeast corner of

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GRAPEVINE  COLLEYVILLE  SOUTHLAKE EDITION • JULY 2020

WE ARE BACK AND STRONGER THAN EVER! Is your smile ready to be unmasked? Scheduling and receiving phone calls.

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

The inspiration for Piaf’s name comes from a type of European sparrow that tends to congregate in large groups. ... THE THINGWE WANTED TODO ... IS TOBRING THE WHOLE COMMUNITY BACK TOGETHER TOPIAF FOR

Also serving a brunch menu, Piaf oers up a chicken and wae dish ($12), which comes with fried dark meat chicken, harissa hollandaise sauce and red chili maple syrup. (Courtesy Piaf)

The taco salad ($12) comes with house-made hummus, fattoush salad and the patron’s choice of shish taouk chicken or shrimp skewers in a crisp taco bowl. (Courtesy Piaf)

PEOPLE ENJOYING GOOD FOOD AND

"

GOODWINE. FABIEN GOURY, OWNER OF PIAF

DINING FEATURE

Piaf Restaurant’s diverse menu rooted in Mediterranean air S erial restaurateur Fabien Goury opened Piaf in Grapevine last year as a tribute to the Mediterranean cuisine from the childhood BY GAVIN PUGH

got maybe, like, four or ve dierent ones from Lebanon,” he said. Piaf’s drink oerings do not stop at just wines. Goury has added a Mediterranean air to Piaf’s cocktail menu. Cocktails include a French Old Fashioned, which mixes bourbon and cognac, as well as Mediterranean-style mules and a Middle Eastern liqueur. Piaf’s storefront features a private party room that can t about 40 people as well as a vista upstairs “where you can see the sunsets,” he said. The Gourys also own Main Street Bistro & Bakery and Chez Fabien in Grapevine. The inspiration for Piaf’s name comes from a type of European sparrow that tends to congregate in large groups, Goury said. “They always get ... ocks of them everywhere,” he said. “They get together, they drink together, eat together, they party together. And so the thing we wanted to do [with] Piaf is to bring the whole com- munity back together to Piaf for people enjoying good food [and] good wine.” That party room serves well for congregating, he said. “I got a replace and a big chef table in the middle,” Goury said.

of his wife, Yasmine. “She was born in Beirut. She ... lived with that diet, ... so she always wanted to do some kind of thing like this,” Goury said. “We gured that a lot of people wanted that kind of food and that kind of ambiance.” The restaurant’s menu features selections from Italy, France, Portugal, Morocco and the Middle East, to name a few. Goury said oering a diverse selection of dishes was the part of the original concept for Piaf. Options include a lamb shank braised for 16 hours, prime let mignon, mushroom ravioli and marinated chicken skewers with garlic sauce and saron rice. “The good thing about this menu [is] you get a lot of dierent options … with the Mediterranean diet, ... which is very nice—a lot of vegetables and whole foods, whole food ingredients,” Goury said. He said he has also curated a list of more than 200 wines to pair with the Mediterranean fare. “I travel throughout the world, so I got some Italian, French, ... Spanish, Portuguese, and I

Fabien Goury also owns and operates Chez Fabien and Main Street Bistro & Bakery in Grapevine. (Renee Yan/ Community Impact Newspaper)

Piaf 129 S. Main St., Ste. 130, Grapevine www.piaitchen.com 817-527-6898 See website for hours

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GRAPEVINE  COLLEYVILLE  SOUTHLAKE EDITION • JULY 2020

COMMUNITY IMPACT NEWSPAPER IS PROUD TO SAY THANK YOU TO OUR SPONSOR

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201920 GRAPEVINE  COLLEYVILLE  SOUTHLAKE REAL ESTATE MARKET AT A GLANCE

DAYS ON THEMARKET AVERAGE June 2018-May 2019

June 2019-May 2020

76051

34

37

+8.82% 76034

The number of homes sold in the yearlong period that ended May 31, 2020, declined in Grapevine, Colleyville and Southlake as well as in Tarrant County as a whole. Median home sale prices increased in Colleyville, Southlake and Tarrant County, while Grapevine saw a small dip.

114

76092

76051

57

57

0%

76092

57

57

0%

97

26

76034

Tarrant County

Studying the stats

121 360

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The statewide average days on the market increased from 2019-20 to 57 days.

42

45

+7.14%

+3.6%

SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

HOMES SOLD NUMBER OF

June 2018-May 2019

June 2019-May 2020

HOME SALES PRICE MEDIAN

June 2018-May 2019

June 2019-May 2020

549

-8.56%

557

$370,000

502

-7.54%

-1.35%

506

$765,000

515

$365,000

-6.52%

+1.31%

473

$590,000

$775,000

+6.78%

27,822

$630,000

Tarrant County

-3.86%

26,747

Tarrant County

Studying the stats

TOTAL HOMES SOLD IN GRAPEVINE  COLLEYVILLE  SOUTHLAKE

76092

$235,000 $246,000 +4.68%

area with most homes sold in last year

area with highest median home price in last year 76051 area with greatest gain in days on the market in past year

June 2018-May 2019

June 2019-May 2020

34.1% 76051

33.7% 76051

31.4% 76034

31.7% 76034

Texas

76092 76034

$245,000 $249,000 +1.63%

1,612

homes sold 1,490

homes sold

area with greatest gain in median home price in past year

34.6% 76092

34.6% 76092

14

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

REAL ESTATE 2020EDITION

INSIDE INFORMATION

COMPILED BY ANNA LOTZ

When interest rates are low, homeowners may look to save money by renancing, which means getting a new mortgage with a better term or interest rate to lower payments. Mortgage rates have steadily declined since November 2018, according to weekly data from Freddie Mac, also known as the Federal Home Loan Mortgage Corp. Matt Frankel, a certied nancial planner and mortgage analyst at The Ascent by Motley Fool—a general personal nance advice resource—shared advantages and disadvantages of the renancing process. REFINANCING U N D E R S T A N D I N G WHAT TOCONSIDER 1. 2. Is the current market rate at least 1% lower than your existing mortgage rate? Are you planning to stay in the same home for at least ve more years ?

HOWTO START

• Always consult multiple lenders to nd the best mortgage rate. Start with your current lender. • Multiple inquiries from mortgage lenders aect an individual’s credit score no more than a single inquiry does , Frankel said.

Renancing isn’t free. … It becomes amath problemof whether the savings you’re going to get fromyourmortgage payment are going to bemore than you’re paying.

MATT FRANKEL, MORTGAGE ANALYST AT THE ASCENT

TRACKINGMORTGAGE RATES

Pros • Can lower monthly mortgage payments • May eliminate private mortgage insurance Cons • Can be costly, as homeowners must pay lender and closing fees again • Paperwork THE INS ANDOUTS OF REFINANCING

Although the U.S. weekly average rate for a 30-year mortgage is trending downward, mortgage rates vary by credit score, Frankel said.

0 3.1% 3.2% 3.3% 3.4% 3.5% 3.6% 3.7% 3.8% 3.9% 4.0%

3.82%

3.73%

3.56%

3.13%

ANOTHER OPTION

3.36%

A homeowner can also choose cash-out renancing, in which an existing mortgage is replaced with a new home loan totaling more than the remaining debt. The dierence is paid in cash and can be helpful in paying other debts, as a mortgage is often the lowest-interest loan available, Frankel said.

March 12, 2020 Dec. 12, 2019

June 25, 2020

June 13, 2019 Sept. 12, 2019

SOURCE: FREDDIE MACCOMMUNITY IMPACT NEWSPAPER

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GRAPEVINE  COLLEYVILLE  SOUTHLAKE EDITION • JULY 2020

BUSINESS FEATURE

BUSINESSFEATURE BY GAVIN PUGH

Unique Landscaping Horticulture company provides designs for decades H orticulturists Donna and Kurt Kauman own and operate Unique Landscap- Kauman said she is hands-on when it comes to designing a client’s spaces. That includes custom land- scape drawings and designs provided after a free consultation. “For example, I would identify

ing, which has provided customized landscaping and horticulture work in North Texas for decades. “Kurt and I—we both have [a] Bachelor of Science in horticulture,” Donna Kauman said. “Over 30 years ago, … we bought some acreage in Colleyville to practice our horticul- ture, and Unique Landscaping just sort of grew up around us.” Kauman said

Owner Donna Kauman said Unique Landscaping grows palms at a farm near Lake Livingston.

their variety of grass and tell them at what height to mow it, or if they’re looking for a screen, I would suggest something that would be adaptive to the environment,” she said. In order to provide a low-main- tenance landscaping job, Kauman said she will

that in addition to plants and design work, Unique Landscaping can also provide their clients with trees. “One thing

often use plants that are capable of weathering the Texas heat. “Native would be something ... that originated here in Texas,” she said. “Adap-

“ANICE PERIMETER THAT CLEANS EVERYTHING UP… GIVES YOU ... THAT CURBAPPEAL.” DONNA KAUFFMAN, UNIQUE LANDSCAPING OWNER

Donna and Kurt Kauman rst got the idea for Unique Landscaping after buying acreage in Colleyville more than 30 years ago. (Photos courtesy Unique Landscaping)

Unique Landscaping crews wear masks while working during the COVID19 pandemic.

that makes us unique is that we have our own tree farm, and that’s what we do on our ve acres in Colleyville,” she said. While they mostly grow oak trees at that farm, Kauman said she has also started dabbling in Texas Sabal palm trees at a separate farm near Lake Livingston. Having a beautiful natural envi- ronment surrounding your home can be cathartic during the COVID-19 pandemic, Kauman said. “There’s a mental health aspect to it that they taught us about in college—just the enjoyment and the peaceful feeling you get by being out in nature or getting your hands dirty, being around close to the earth, in the dirt or on the grass,” she said.

TIPS FOR HOME SELLERS Kauman said brightening up the entryway is the best move for marketing a home. Managing crowding trees and installing some landscaping should do the trick, she said.

tive is something that we know we can plant, but maybe it came from China or it came from North Carolina.” Those looking to up their landscap- ing game prior to putting a home for sale are some of Kauman’s regular customers. “We get a lot of requests because somebody is ready to market their home, and they need to get it cleaned up,” she said. She also oered a piece of advice for anyone preparing a home for sale. “The most important thing they can do is open up the front door,” she said. “You always are directing the eye to the front door. That’s land- scape design 101.”

Eliminate any trees blocking entryway

Prune back low-hanging branches

Install plant beds around front perimeter

Unique Landscaping 7111 Colleyville Blvd., Colleyville 817-488-4124 www.lndscpng.com Hours: Mon.-Fri. 9 a.m.-5 p.m., closed Sat.-Sun.

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

REAL ESTATE 2020EDITION

REAL ESTATE MARKETDATAFORMAY

Snapshot of the market

MEDIAN PRICE OF HOMES SOLD WITHYEAROVERYEARPERCENTAGE CHANGE

2019

2020

Grapevine

Colleyville

Southlake

SOUTHLAKE 76092

$1.000,000

+2.60%

$900,000

$800,000

3.91%

114

26

$700,000

$600,000

GRAPEVINE 76051

$500,000

114

+5.31%

121

$400,000

26

$300,000

360

COLLEYVILLE 76034

$200,000

97

$100,000 $0

N

NUMBER OF HOMES ON THEMARKET

NUMBER OF HOMES UNDER CONTRACT

HOMES SOLDAVERAGE DAYS ON THEMARKET Grapevine

Colleyville

Southlake

2019

2020

2019

2020

$900,000+

-

8/68

12/67

Grapevine 105 117 Colleyville 200 126 Southlake 223 154

54 47

$800,000-$899,999

-

2/31

2/123

Grapevine

$700,000-$799,999

-

5/47

6/20

$600,000-$699,999

2/74

3/40

6/108

48 45

$500,000-$599,999

3/25

7/37

5/68

Colleyville

$400,000-$499,999

10/33

5/6

-

$300,000-$399,999

11/25

4/59

2/55

68 53

Southlake

$200,000-$299,999

7/40

1/30

-

$199,999 or less

-

-

-

AVERAGE DAYS ON THEMARKET

NUMBER OF NEWLISTINGS

PERCENT OF ASKING PRICE RECEIVED

2019

2020

WITHYEAROVERYEARCHANGE

2019

2020

2019

2020

Grapevine

Colleyville

Southlake

23 32

83 93

100%

0.00

Grapevine

Grapevine

98%

96%

1.60

38 39

Colleyville 96 82 Southlake 123 98

0.00

94%

Colleyville

92%

90%

58 61

Southlake

0%

MARKET DATA PROVIDED BY THE COLLIN COUNTY ASSOCIATION OF REALTORS, COURTESY OF NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, NTREIS TRENDS ©2020 SHOWINGTIMECOMMUNITY IMPACT NEWSPAPER

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GRAPEVINE  COLLEYVILLE  SOUTHLAKE EDITION • JULY 2020

CONTINUED FROM 1

H I G H D E M A N D low supply

Colleyville and Southlake have seen substantial declines in total inventory as compared to this time last year. While Grapevine typically has lower inventory, one real estate expert said he believes sellers will begin listing their homes at a higher rate in the coming months.

rates are also spurring higher demand, said Randy White, owner of Randy White Real Estate Services in Southlake. Robert Gleason, CEO of the Greater Fort Worth Association of Realtors, said local real estate agents are navi- gatinghowto continuemovinghouses in the midst of a global pandemic. “Just in the industry, I mean, there’s been a lot of some really fast shifts to doing things virtually,” Gleason said. “That’s not only just for the initial pro- cess but also as far as remote notariza- tion of documents and working with the title company and really trying to adapt ... to the new situation.” Additionally, preliminary data on property values shows that all three cities have continued to see an upward trend, according to the Tar- rant Appraisal District. Grapevine’s citywide total appraised value increased by 2.64% from 2019 to 2020; during the same time frame, Colleyville’s value increased by 4.39%, and Southlake’s increased by 3.11%. Buying, selling amid COVID19 Though demand for homes in Grapevine, Colleyville and South- lake may be high, buying and selling during the pandemic have also come with their own set of complications for some. Southlake resident Sue Wilson said she was close to closing on her next home in the Carillon neighborhood in February before the pandemic. Wilson said she had no problem working with a large bank to secure a loan prior to local outbreaks of COVID- 19. That changed when the pandemic arrived in full force, she said. “Two months of going back and forth—and to nd out you’re not

Colleyville

Grapevine

Southlake

15% 10% 5% 0% -5%

+11.4%

+6.4%

-6.74%

-8.6%

-3.8%

-10.7%

-10% -15% -20% -25% -30% -35% -40% -45%

-19.5%

-27.8%

-27.9%

-37.8%

-30.9%

-34.5%

-37.9%

-37%

-39.4%

JANUARY (2019-2020)

February (2019-2020)

MArch (2019-2020)

April

May

(2019-2020)

(2019-2020)

SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

approved at the last minute—I had to scramble and nd a ... smaller local bank that didn’t have a problem and [wasn’t] scared to take it on,” Wilson said. But securing another loan was not the end of Wilson’s troubles. The buyer who had agreed to take Wil- son’s existing home pulled out of the contract. “It fell [through] at day 21,” she said. “Fortunately, the house was still staged … [I put it] back on the market again, and this time, it seemed like [there] was even more trac coming through and more oers, and so I, … fortunately, now, [am] selling to a family that is moving from Canada.” Despite the COVID-19 pandemic, demand for some home-related

business services has been booming, such as Pirate Island Pools in Col- leyville, according to its owner, Juli Gerrard. “We put in more heaters in the month of March and April than we have probably put in our entire lifes- pan of the pool company,” said Ger- rard, who has been in the business for 15-plus years. That work includes cleaning pools ahead of listing a home for sale, Ger- rard said. Since nding another buyer, Wilson said she has contracted to have major construction work done at her new Carillon home. “Construction did not stop, so, thankfully, ... I was able to, you know, have those months to plan and plot,

and … then, as soon as I closed, [I got] underway [with] construction,” she said. After putting her home on the mar- ket for the second time, Wilson said, she received multiple oers. Russo, the Northeast Tarrant County Realtor, said sellers should expect that demand, given the three cities’ amenities. “Houses are getting four or ve [or] six oers because inventory is low and demand is high. And because of our great schools and great location, … we just have demand whether [there is] COVID or not.” Russo said she has been taking extra precautions while showing houses. That includes wearing masks and pro- viding hand sanitizer, she said.

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