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LEWISVILLE COPPELL EDITION
VOLUME 7, ISSUE 8 JULY 20 AUGUST 20, 2023
HOME EDITION 2023
New restaurants open in Lewisville, Coppell
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Coppell Chamber hosting annual bowling tournament
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Home interest rates skyrocket
Lewisville business grows just like grass
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HOME EDITION 2023
Homes for sale, like this one in Lewisville, are staying on the market longer due to high interest rates. (Tim Glaze/Community Impact)
Area market experts predict 2023 home sales to be ‘lowest in 10 years’
Local real estate data
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BY TIM GLAZE
30-year and 15-year loans, compared to around 3% to 4% in 2021 and 2022. Similarly, rates in Coppell are above 7% on 30-year loans and above 6% on 15-year loans, according to o cials. This means a home bought with a $500,000 30-year loan in Lewisville or Coppell could com- mand close to $1,000 a month in interest alone, depending on the buyer’s down payment.
Local rates are much higher than the benchmark rate, which right now sits between 5% and 5.25%, said Brian Rybowicz, a local agent with Fathom Realty. That number is still the highest bench- mark of the past 16 years, he said. “Right now, the number of sales for 2023 appears to be headed for
Pull the newest teaser from CC Libraries
High home prices did little to scare o potential buyers in Lewisville and Coppell in 2021 and 2022, as would-be buyers ocked to the Dallas-Fort Worth metroplex. However, high inter- est rates have begun to slowly take a toll on the market in 2023. Rates on homes in Lewisville are hovering between 6% and 7% on
CONTINUED ON 14
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COMMUNITYIMPACT.COM
THIS ISSUE
ABOUT US Owners John and Jennifer Garrett launched Community Impact in 2005, and the company is still locally owned today. We have expanded to include hundreds of team members and have created our own software platform and printing facility. CI delivers 35+ localized editions across Texas to more than 2.5 million residential mailboxes.
HIGHLIGHTS FROM THIS MONTH
FROM CATHY: Summer is here, and for many of us home is the place to be for gatherings with friends and family. In years past, July has been our real estate edition, but this July we are expanding our content, so it’s only appropriate to now call it the annual Home Edition. Starting on Page 12, you’ll nd a guide to the real estate market, industry trends, updates on developments, plus renovation and home maintenance tips from local businesses and experts. Cathy Williams, GENERAL MANAGER
MARKET TEAM GENERAL MANAGER Cathy Williams EDITOR Tim Glaze REPORTER Destine Gibson
GRAPHIC DESIGNER Paola Gonzalez ACCOUNT EXECUTIVE Suzanne Lewis METRO LEADERSHIP PUBLISHER Leanne Libby MANAGING EDITOR Miranda Jaimes MANAGING COPY EDITOR Beth Marshall ART PRODUCTION MANAGER Chelsea Peters CONTACT US 7460 Warren Parkway, Ste. 160, Frisco, TX 75034 • 214 618 9001 CI CAREERS communityimpact.com/careers PRESS RELEASES lconews@communityimpact.com ADVERTISING lcoads@communityimpact.com Learn more at communityimpact.com/advertising EMAIL NEWSLETTERS communityimpact.com/newsletter SUPPORT US Join your neighbors by giving to the CI Patron program. Funds support our journalistic mission to provide trusted, local news in your community. Learn more at communityimpact.com/cipatron
FROM TIM: The real estate market in Lewisville and Coppell is experiencing high interest rates, a subject I dive into with thoughts from several local agents. Add in the fact that median home prices are still considered “high” by market standards, and it’s an interesting time for real estate. Check out the full story on Pages 14-15. Also, our summer intern Kaitlynn Hutchins sat down with an employee with Superior Pools for a Q&A on pool maintenance, so be sure to read it on Page 13. Tim Glaze, EDITOR
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LEWISVILLE COPPELL EDITION • JULY 2023
IMPACTS
Businesses that have recently opened or are coming soon, relocating or expanding
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COURTESY LITTLE INDIA
COURTESY LEWISVILLE AREA CHAMBER OF COMMERCE
6 Arepa’s Street opened in April. The restaurant is located in Old Town Lewisville at 190 W. Main St., Ste. 108. Arepa’s Street o ers Venezuelan cuisine. 682-365-6981. COMING SOON 7 A Kroger Fuel Station is coming to Coppell after a zone change request was approved at Coppell City Council’s June 13 meeting. The fuel service station will include ve fuel pumps at Kroger’s 950 E. Sandy Lake Road location. The fuel station’s hours of operation will be 6 a.m.-midnight daily, and the station’s lights must be dimmed to minimum acceptable city standards from midnight-6 a.m.,
NOW OPEN 1 Paris Baguette opened in Coppell in March at 1535 S. Belt Line Road. Its menu items include pastries, sandwiches, cof- fees and salads. Paris Baguette also has a location open in Lewisville. 469-240-5711. www.parisbaguette.com 2 GNC opened in Lewisville in April. The store is located at 4690 Windhaven Parkway, Ste. 100. The health and supple- ment retailer carries health- and nutri- tion-related products, including a variety of vitamins, minerals and sports nutrition products. GNC also has a location in Cop- pell. 945-260-2166. www.gnc.com
3 Lewisville Parks and Recreationheld a soft opening for Old Town Splash Park on May 26, located behind Wayne Frady Park at 535 W. College St. The park features four splash zones and multiple shade structures. It operates on recircu- lated water, which prevents losing water through evaporation. Admission is free. Old Town Splash Park will be open from May-September, weather permitting. 972-219-3550. www.playlewisville.com/ facilities/aquatics/old-town-splash-park 4 Little India opened in Lewisville in May. It is located within The Realm at Castle Hills at 4440 SH 121, Ste. 5, Lew- isville. Little India o ers a variety of
services, such as a grocery store, juice bar and dine-in restaurant. The restau- rant, Kakatiya Lounge and Kitchen, has a banquet hall that can accommodate up to 90 people, according to Little India’s website. Little India also o ers catering services. 214-407-8222. www.littleindia.us 5 Tropical Smoothie Cafe opened in Lewisville on June 2. It is located in the Castle Hills community at 4690 Windhav- en Parkway, Ste. 300. Tropical Smoothie Cafe’s menu items include a variety of smoothie drinks, sandwiches, wraps and
breakfast items. 214-407-8765. www.tropicalsmoothiecafe.com
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Lewisville Hispanic Chamber of Commerce celebrated its grand opening June 8.
COURTESY LEWISVILLE HISPANIC CHAMBER OF COMMERCE
FEATURED IMPACT NOW OPEN Lewisville Hispanic Chamber of Commerce celebrated its grand opening June 8. The organization’s mission is to promote the economic and business development of the Hispanic community and its members; encourage business growth; and improve the quality of life of the community through collaboration, leadership and active representation, according to the organization. There are no restrictions or limitations regarding membership. LHCC plans to work closely with the city of Lewisville and the Lewisville Area Chamber of Commerce. according to city o cials. Fuel deliveries will be restricted from 3-4 p.m. Mon.-Fri. 972–462–8584. www.kroger.com RENOVATIONS 8 United Way of Denton County cele- brated its 70th anniversary June 8 with newly renovated o ces. The renovation was prompted by a burst water line following a December freeze, accord- ing to a news release. The nonpro t is located at 1314 Teasley Lane, Denton, and it services Denton County. United Way of Denton County is a local a liate of the global nonpro t organization founded in 1953. Organization o cials identify the community’s critical needs and imple- ment solutions, according to its website. 940-566-5851.
LHCC is located at 1416 Bregenz Lane. 214-264-6556. https://lhcctx.com
For a no cost, confidential assessment, call 940-320-8100 or visit UBHdenton.com 2026 W. University Drive l Denton, TX 76201
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551 N. Valley Parkway. 972-436-9571. www.lewisvillechamber.org 10 Coppell City Council recognized Coppell Rotary Club’s 40th anniversary June 13. The nonpro t participates in local and international service projects. The club also partners with Coppell ISD and provides scholarships. Coppell Rotary Club meets at 8840 Cypress Waters Blvd., Ste. 130. https://portal.clubrunner.ca/1888 IN THE NEWS 11 Ken Stevens began his tenure as Medical City Lewisville’s new chief operating o cer June 12. Stevens served as vice president of operations at Medical City Frisco for three years prior to joining Medical City Lewisville. He began his career with Medical City Healthcare in 2011 as a nancial analyst at Medical City Arling- ton. He received a master’s in health care administration from The University of Texas at Arlington and a Bachelor of Arts in eco- nomics from Texas Tech University. Medical City Lewisville is located at 500 W. Main St. 469-370-2000. https://medicalcityhealth- care.com/locations/medical-city-lewisville
www.unitedwaydenton.org ANNIVERSARIES
9 Lewisville Area Chamber of Com- merce celebrated its 60th anniversary June 6. The chamber hosts several events and programs, including month- ly networking luncheons, ribbon-cut- ting ceremonies for new businesses and a young professionals networking group. The organization is located at
8/22/2023.
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LEWISVILLE COPPELL EDITION • JULY 2023
TO DO LIST
July & August events
COMPILED BY DESTINE GIBSON
JULY 26 ATTEND MYTHOLOGY ACADEMY Fans of “Goddess Girls and Heroes in Training” are invited to Mount Olympus Academy to celebrate all things mythological with crafts, games and activities. This event is intended for children going into grades kindergarten through fth grade. 2-3 p.m. Free. Cozby Library and Community Commons, 177 N. Heartz Drive, Coppell. 972-304-3658. www.cozbylibrary. librarymarket.com/event/ mythology-academy 28 CELEBRATE SUMMER Kids ages 13-18 are invited to celebrate the end of summer vacation. The event will include ice cream, board games, door prizes and more. Registration and a permission slip are required. 6:30-9 p.m. Free. Lewisville Public Library, 1197 W. Main St., Lewisville. 972-219-3570. https://bit.ly/3XunGif 29 LEARN ROBOTICS Children in grades 6-12 are invited to learn from First Tech Challenge’s robotics award-winning team members. Attendees will learn how robots are built and get to interact with a robot. 2:30-4:30 p.m.
Free. Cozby Library and Community Commons, 177 N. Heartz Drive, Coppell. 972-304-3658. www.cozbylibrary. librarymarket.com/event/lets- learn-robotics AUGUST 05 GET FREE SCHOOL SUPPLIES Lewisville ISD is hosting its annual back-to-school fair. The event provides over 6,000 students with free backpacks, supplies and resources to start the school year, according to district information. There are opportunities to sponsor, donate or volunteer during the fair. 9 a.m.-1 p.m. Free. Lewisville High School, 1098 W. Main St., Lewisville. 469-713-5200. www.lisd.net/domain/6055 11 THROUGH 27 SEE A PLAY Rounding Third takes a comedic yet thought-provoking look at Little League baseball, according to the play’s description. Two coaches’ clash of styles and wills drive the play through the bumpy terrain of fatherhood and baseball. Showtimes vary. $22 plus fees for adults, $19 plus fees for seniors and students. Coppell Arts Center, 505 Travis St., Coppell. 972-304-7047. https://bit. ly/46xGW2w
The Coppell Chamber of Commerce will host its annual Pinslayers Bowling Classic in Lewisville. (Courtesy Coppell Chamber of Commerce)
FEATURED EVENT GO BOWLING
are included in the entry fee. 1-3 p.m. $350 (team of four), $75 (per individual). Main Event Lewisville, 2070 S. Stemmons Freeway, Lewisville. 972-393-2829. https://business.coppellchamber.org/ events/details/pinslayers-bowling-clas- sic-2023-21695
The Coppell Chamber of Commerce will host its annual Pinslayers Bowling Classic Aug. 25. Attendees are invited to build their teams and participate in friendly yet erce competition, according to the event description. More than 50 bowlers are expected to participate, and attendees will have the opportunity to network with other business professionals. The chamber will recognize the best team high score, best individual high score, best dressed team and most spirited team. Bowling, drink tickets and snacks
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Find more or submit Lewisville and Coppell events at communityimpact.com/event-calendar. Event organizers can submit local events online to be considered for the print edition. Submitting details for consideration does not guarantee publication.
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COMMUNITYIMPACT.COM
TRANSPORTATION UPDATES
COMPILED BY DESTINE GIBSON
HIGHLIGHTS Lewisville’s Main Street bridge to be renamed A segment of Main Street will be renamed Fighting Farmers Way after Lewisville City Council approved an ordinance June 19. West Main Street from the center point of the bridge over I-35E to a point 220 feet west of the bridge’s center point will be renamed, accord- ing to the agenda item. The ordinance was created after the Texas Depart- ment of Transportation rejected city staff’s proposal to add Fighting Farmers to the decorative murals in- cluded in the Main Street interchange project. The city is funding aesthetic en- hancements for the project, which is being spearheaded by TxDOT. Council directed staff to commemorate the demolished Fighting Farmers water tower and Lewisville High School on the murals.TxDOT rejected the words “Fighting Farmers” on the murals due to a policy of not allowing words other than what would be included in an offi- cial city logo. The street name change will not affect the addresses along West Main Street.
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ONGOING PROJECTS
UPCOMING PROJECTS
DART Silver Line construction Dallas Area Rapid Transit’s construction crews completed work on the railroad crossing at Mockingbird Lane and East Belt Line Road in Coppell. The road clo- sure was necessary so crews could raise and set a new track. DART is construct- ing a Silver Line station in the Cypress Waters area. The 26-mile hybrid rail line will stretch from Dallas Fort Worth International Airport to Plano, spanning multiple counties. Timeline: 2019-2026 (entire Silver Line project) Cost: $1.8 billion Funding source: DART
Civic Circle and Valley Parkway reconstruction
Moore Road panel replacement Maintenance panel replacement work on Moore Road between Sandy Lake Road and Bethel School Road is underway in Coppell. The first phase will span from Quail Lane to Sandy Lake Road, and the second phase will include Quail Lane to Shadowcrest Lane, according to city officials. The remaining work in the school zone will take place over the summer. The project will lead to lane closures and detours throughout its duration. Mainte- nance is intended to extend the life of the roadway. Timeline: June 2023-fall 2023 Cost: $2.29 million Funding source: City of Coppell
Lewisville City Council approved an inter- local cooperation agreement for the Civic Circle and Valley Parkway reconstruction project June 5. The project’s scope includes reconstructing Civic Circle from Main Street to Valley Parkway and Valley Parkway from Main Street to College Street. The project is tied to the construction of the new Tittle McFadden Public Safety Complex, which is expected to open in late 2024. Timeline: Construction expected to start fall 2023 Cost: $6.5 million Funding sources: 2015 general obliga- tion bond, Denton County Trip-22 Bond Program
ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF JULY 6. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT LCONEWS@COMMUNITYIMPACT.COM.
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LEWISVILLE - COPPELL EDITION • JULY 2023
EDUCATION BRIEFS
News from Lewisville & Coppell ISDs
COMPILED BY TIM GLAZE
HIGHLIGHTS COPPELL ISD Final results from this year’s State of Texas Assessments of Academic Readiness will be made available to students in July and August, per a memo released by Coppell ISD. By Aug. 16., a total of nine test results, as well as results from the Texas English Language Pro ciency Assessment System, will have been released, according to the Texas Education Agency. Algebra I, Biology, English I, English II and U.S. History results will be available after June 30. Results from the Texas English Language Pro ciency Assessment System are available as of July 5. Math (third to eighth grades), Reading (third to eighth grades), Science ( fth and eighth grades) and Social Studies (eighth grade) results will be available after Aug. 16. Lewisville ISD board of trustees meets at 6 p.m. Aug. 14 at 1565 W. Main St., Lewisville. www.lisd.net Coppell ISD board of trustees meets at 6 p.m. July 24 at 200 S. Denton Tap Road, Coppell. www.coppellisd.com MEETINGS WE COVER
Night school program approved for Lewisville ISD LEWISVILLE ISD An application to continue the optional exible school day program, or OFSDP, was approved at a June 12 board meet- ing, paving the way for students who qualify as “at-risk” to take night courses in Lewisville ISD. District o cials said the initia- tive allows LISD to consider the weighted average of daily atten- dance for at-risk students enrolled in the night school program. LISD will host high school night courses at the Lewisville Learning Center. The district has participated in the OFSDP program since the 2008- 09 school year, district o cials said. The purpose of the program is to enable a “greater percentage of students” to graduate from high school, district o cials said following the meeting.
New principals named in Lewisville ISD LEWISVILLE ISD Killian Middle School and Briarhill Middle School will each have a new principal for the 2023-24 school year. District o cials announced the hires of Amy Sanford and Tina Krol to the positions at Killian and Briarhill. Krol was announced in late May as Briarhill’s next principal, and Sanford was named Killian’s principal June 5. Sanford will replace Krol, who was Killian’s principal for the last three years. Krol replaces three-year Briarhill Principal Leslie Davenport, who was named director of special education in Lewisville ISD.
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SOURCE: LEWISVILLE ISD COMMUNITY IMPACT
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COMMUNITYIMPACT.COM
BUSINESS FEATURE
BY DESTINE GIBSON
The scope of services include landscape maintenance and installation. (Courtesy GrassPerson Lawn and Landscape)
GrassPerson Lawn and Landscape’s most popular service is lawn care. (Courtesy GrassPerson Lawn and Landscape)
GrassPerson Lawn and Landscape Lewisville-based company o ers lawn care services for Denton County G rassPerson Lawn and Landscape has evolved throughout its nearly 25 About 60% of its clientele is resi- dential while 40% are commercial clients, Moore said.
CEO Jack Moore and his wife, Ann, acquired the company in 2017. (Destine Gibson/Community Impact)
and plant health care. Team members implement a seven-step yearlong lawn care program that is tailored to a client’s property needs, according to the company. Clients can also choose total maintenance service, which involves weekly mowing and edging the grass along with trimming back shrubs when necessary. “We don’t do swimming pools; we don’t paint; we don’t do gutter work,” Moore said. “But anything that is landscaping oriented on the outside of the property we can take care of, and it’s a very broad group of services.” The family-owned company primarily serves southern Denton County as well as Collin County.
GrassPerson Lawn and Landscape 800 E. SH 121, Lewisville 972-640-6361 www.grassperson.com Hours: Mon.-Fri. 8 a.m.-5 p.m.
years in Lewisville. It was originally a lawn-mowing company when it was established in 1999, CEO Jack Moore said. Moore and his wife, Ann, acquired the company in 2017, and it has since evolved to provide full-service lawn care and landscape maintenance. The scope of its services include design and construction work, land- scape maintenance, and lawn care. “There’s other companies like us, but it’s sort of unique in our industry where somebody does all those things,” Moore said. Its most popular service is lawn care, which consists of fertilization
The company is in growth mode, Moore said. Discovering new ways to provide the best service possible is the company’s focus. “We’re always trying to attract and retain the right people,” he said. “We’re always trying to improve our processes that we use within our company. We invest a lot of money and e ort into the use of technology to improve the way we operate.” GrassPerson is focused on its people, Moore said. “Our mission is to serve our people rst, to where they’re in a position where they can serve our clients at the highest level,” he said.
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LEWISVILLE COPPELL EDITION • JULY 2023
CITY & COUNTY
News from Lewisville & Coppell
BY DESTINE GIBSON
Lewisville City Council will meet at 6 p.m. Aug. 7 at 151 W. Church St., Lewisville. www.cityo ewisville.com Coppell City Council will meet at 5:30 p.m. Aug. 8 at 255 Parkway Blvd., Coppell. www.coppeltx.gov MEETINGS WE COVER began his tenure as the city’s new director of public services June 21. Russell served as Weatherford’s assistant city manager for two years prior to coming to Lewisville. He was Burleson’s director of public works for 13 years. HIGHLIGHTS COPPELL Community members will have the chance to provide feedback at Coppell’s remaining budget workshops. Coppell City Council is hosting four public workshops throughout July. All sessions will take place at Coppell City Hall and be livestreamed. City sta will present the draft budget for the water and sewer fund July 24. Sta will then present the debt service and general fund budget based on the certi ed values July 27. Previous workshops can be found at www.coppelltx.gov. LEWISVILLE Aaron Russell
Coppell, Lewisville city water systems rated ‘superior’
New program eyeing ways for Lewisville to save on solar panels
Harris named Lewisville city secretary LEWISVILLE Thomas H. Harris III of icially began his tenure as Lewisville’s new city secretary June 21, succeeding Julie Worster. Worster retired after more than 28 years of service. The city secretary is a position appointed by Lewisville City Council. Council voted to appoint Harris during the June 19 meeting. “I want to thank [Lewisville Mayor TJ Gilmore] and City Council for selecting me as their next city secretary,” Harris said in a news release. “I am humbled by the con idence placed in me joining the Lewisville team and being able to play a role in the Lewisville 2025 vision. I look forward to partnering with the council, fellow team members and citizens to achieve the city’s
New grant o ers rent aid to Lewisville seniors
vision and stra- tegic objectives.” Harris has more than 15 years of expe- rience in city government. The Houston native served as Sugar
LEWISVILLE Senior citizens in Lewisville can soon receive rental assistance through a new grant program. The details: City Council approved a resolution authorizing an agreement to launch a rental assistance program during the June 5 meeting. The Lewisville Senior Rental Assistance Grant Program is for low- to moderate-income seniors who have received an increase in their apartment rent for the months remaining on that lease, according to the agenda item. United Way of Denton County and Christian Community Action will work with the city to support the program. Applications opened June 8. Also of note: Those needing help with their online application can receive assistance from a United Way staff member at the Lewis- ville Public Library. United Way
is scheduled to be at the library Tuesdays from 10 a.m.-2 p.m. and Wednesdays from noon-4 p.m. City sta plans to partner with the Denton County Transportation Authority to provide GoZone day passes to any senior in need of transportation to the city library, according to the council agenda item. Funding for the program is available through the city in the amount of $123,400. DID YOU KNOW? Over half of Lewisville residents are renters. • 40% of rented households in Lewisville in 2018 were either cost burdened or severely cost burdened. • According to a 2022 report by United Way of Denton
COPPELL & LEWISVILLE Coppell’s and Lewisville’s water quality levels exceed state and federal drinking water standards, according to their respective annual reports. The details: The annual water quality report provides insight into what’s in residents’ drinking water. It also provides a list and levels of federally regulated or monitored contaminants found in drinking water. Both Lewisville’s and Coppell’s water systems received a “superior” rating, which is the highest rating given by Texas Commission on Environmental Quality, according to the reports. To ensure tap water is safe to drink, the Environmental Protection Agency prescribes regulations limiting the amount of certain contaminants in water provided by public systems.
LEWISVILLE The city recently partnered with Solar United Neigh- bors to launch its irst round of Solar Switch, a program designed to help homeowners and small businesses learn about and install rooftop solar and battery storage, according to a news release. Diving In: The program organizes group purchasing of residential solar panels to help homeowners receive a signi cantly discounted price for a solar panel installation. The Solar Switch program also works with local governments and nonpro ts across the U.S. to facilitate group buying programs. The details: Lewisville residents are encouraged to sign up for the pro- gram by Aug. 9. Registration is free, and homeowners are not obligated to purchase solar panels.
Residents will have the option to move forward with the solar panel installation based on program-ne- gotiated pricing that includes the group discount. SOLAR SWITCH Lewisville’s Solar Switch program is designed to educate people about solar energy options. 30% A solar tax credit could save residents 30% on their total system cost. $5K Residents could save an average of $5,000 on solar installation.
Thomas H. Harris III
Land’s city secretary for four years prior to coming to Lewis- ville and also worked for the city of Lubbock. Harris holds a bachelor’s degree in management information sys- tems from Texas A&M University. He also holds a Texas registered municipal clerk certi ication from the University of North Texas. “I am delighted to welcome Thomas Harris III to Lewisville,” Gilmore said in a news release. “Thomas has a proven track record of success in managing complex administrative tasks and is an excellent communicator. I am con dent he will be able to work e ectively with our council, sta , and residents to ensure that our city runs smoothly and e ciently.”
County, 9.7% of Lewisville’s senior population lives below the poverty line.
The federal tax credit can also reduce costs by an additional 30%.
9.7%
30%
SOURCES: CITY OF LEWISVILLE, UNITED WAY OF DENTON COUNTY COMMUNITY IMPACT
SOURCE: CITY OF LEWISVILLE COMMUNITY IMPACT
THE COLONY 4901 Hwy 121 (214) 469-2113
LEWISVILLE 2416 S Stemmons Fwy (214) 488-0888
IRVING 1900 Market Place Blvd (214) 379-4695
2023
HOME EDITION
REAL ESTATE DATA
COMPILED BY TIM GLAZE
2022-23 Lewisville and Coppell real estate market at a glance Home prices—along with total sales and the amount of time homes have stayed on the market—have been in ux for the past two calendar years in Lewisville and Coppell. Experts say a combination of factors are to blame, including in ation and high interest rates.
75057 75077
75056 75067 75019
35E
SRT TOLL
SOURCES: COLLIN COUNTY ASSOCIATION OF REALTORS, FREDDIE MAC COMMUNITY IMPACT
635
N
Median home sales price
Average days on market
June 2021-May 2022
June 2022-May 2023
June 2021-May 2022
June 2022-May 2023
$551,000
75056
+23.57%
$680,864
$300,000
75057
+12.33%
$337,000
75056
75057
75067
75077
75019
$350,000
Number of homes sold
75067
+7.14%
$375,000
June 2021-May 2022
June 2022-May 2023
$372,115
75077
+8.03%
$402,000
$539,500
75019
+7.97%
$582,500
75019
75056
75057
75067
75077
CALL IF YOU CAN TEXT IF YOU CAN’T Calling is always preferred when contacting 911, but if you are unable to hear or speak during an emergency, and located in the Denton County area, you can text to 911.
To learn more, visit denco.org/tips
12
COMMUNITYIMPACT.COM
GUIDE
Local businesses o er home improvement tips
2023 HOME EDITION
HOME IMPROVEMENT AND MAINTENANCE
and has a backlog of pools that they’ve successfully built that are still running. WHAT FEATURES, REPAIRS OR UPGRADES ARE POPULAR REQUESTS FOR YOUR BUSINESS? The industry is moving to automated controls so you can control [your pool] from your phone. One of our big suppliers is Pentair, and they’ve got fancy equipment. You can do everything from your phone. With a button on your phone, you can turn your heater on while you’re at dinner and have the hot tub heated by the time you get home. There are some robot cleaners coming out where you don’t have to have a pump for it; it just kind of gets in the water and [is like a] Roomba for your pool. Something we’re [also] seeing more is the ability to cool your pool with heat pumps. It’s like an air conditioning unit for your pool. In Dallas, it gets super hot. If you have a backyard that gets a ton of sun, you might want to cool your pool down. We’ve been putting a few of those in.
in the water, it’s pulling it from your plaster and degrading that a lot quicker. Letting ducks stay in the pool is a big one. We have one customer that owns ducks and has them in a separate pool, but they started getting into their regular pool. You’re not allowed to touch the ducks, so you have to set a oat out and let them crawl out on their own. There’s a bunch of regulations around ducks, so call a city o cial; try and get those out of the water as quick as possible. WHAT TIPS DO YOU HAVE FOR PEOPLE LOOKING TO INSTALL A POOL? Don’t sacri ce the quality for thrills, waterfalls and water features. Make sure you do research in nding a reputable pool company with a track record of building quality pools that last. That’s one of the reasons we do well here is because there’s a lot of pool builders out there that build really bad pools, and then we have to x them. Find a good company that has a good reputation and has positive reviews
BY KAITLYNN HUTCHINS
ASK A POOL COMPANY FOR COOL SUMMER TIPS
Elizabeth and Scott Donald, a brother-sister duo with Superior Pools in Lewisville, have some tips for pool owners. Their dad, Mitch Donald, started the business in 1985, and the Donalds have been in the pool industry ever since.
run into issues with phosphates. They have nagging algae they can’t get rid of; they put all the chlorine in, and it won’t go away. So phosphates are a big thing that we have been seeing a lot more, de nitely in the summertime and fall. Just coming out of the spring, foliage and a bunch of that debris is just like food for algae. So treat it for phosphates, and typically that takes care of it. WHAT IS ONE THING POOL OWNERS SHOULD NEVER DO WHEN IT COMES TO POOL MAINTENANCE? Probably just “willy-nilly” throwing chemicals in [and] not regularly doing a full checkup on the chemistry because you can run into [issues] if you don’t have enough calcium in the water. We add calcium on a monthly basis into our pools. If you don’t have any calcium
WHAT AREAS DO YOU SERVICE? All over the place. Dallas, Colleyville, Southlake, Westlake, Flower Mound, Lewisville, south Denton, all the way up to McKinney, Lucas, Carrollton. We’re kind of all over, just centrally located. WHAT ARE SOME TIPS FOR POOL OWNERS TO KEEP THEIR POOLS AND THEIR FILTERS CLEAN? For lters, if you have a cartridge, do lter service every six months or so. If you have a lot of dogs swimming, we recommend a little bit sooner than that. For the water chemistry, keeping debris out, keeping all the chemicals balanced, chlorine in the water if you have a standard or a salt pool keeping the salt levels up, just keeping everything within range, checking all the chemicals. A lot of people will
Elizabeth and Scott Donald Owners Superior Pools 301 Thomas St., Lewisville 972-221-2253 www.superiorpoolservice.com
THOMAS ST.
E. PURNELL ST.
N
WEATHER READY AT HOME In addition to preparing for disasters by stockpiling food and water, homeowners can prepare themselves and their homes for severe weather events through home maintenance and repairs.
Measures that can be taken:
Renovations: while updating appliances, ooring, walls and windows
Construction: during the design phase of a new home or addition
Now: immediately and are renter friendly
Windows & doors
R C Plants Trees can protect
Walls & oors
Roofs
Insulating pipes with foam sleeves can protect them from extreme temperatures. N R C
R C
N R C
Weather stripping can protect doors and windows from rain and external moisture.
Overhanging roofs can shade windows from the sun while still allowing indirect light in.
sunny sides of buildings. Native trees are best adapted to the home’s climate.
R C
R C
N R C
Using mold-resistant insulation can improve air quality, especially in homes that are humid or prone to ooding.
Solar panel installation can be paired with a smart inverter for optimal energy use.
Thermal curtains can protect against both extreme heat and cold while conserving energy.
SOURCES: HOUSTON ADVANCED RESEARCH CENTER, TEXAS STATE ENERGY CONSERVATION OFFICE COMMUNITY IMPACT
Call Now! Receive a FREE inspection and this great offer. *Applicable to new annual service agreement
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13
LEWISVILLE COPPELL EDITION • JULY 2023
CONTINUED FROM 1
Average home prices Local home prices have stayed high in 2023, forcing buyers to hesitate before purchasing in Lewisville and Coppell, according to agents. Coppell Lewisville
the lowest level of the last 10 years,” he said. Low inventory, high prices The market presents a unique chal- lenge to agents, buyers, sellers, title agents and anyone involved in real estate, said Shelby Buehler, an agent with The Buehler Group in Flower Mound and Lewisville. In Lewisville and Coppell, the median price of homes for sale in May was $432,995 and $695,000, respec- tively, according to data from the Collin County Realtors Association. Last May, median home prices in Coppell and Lewisville were $650,000 and $417,000, respectively, but Buehler noted interest rates were lower in 2022 and the market had more would-be buyers. “In 2022, you were seeing 3.5%, 4%, 5% interest rates,” Buehler said. “It’s a year later and those same rates have almost doubled.” Buehler said their agency is encouraging sellers to lower their asking prices. “We don’t want sellers to put their house on the market, get zero or below-asking bids, and then have to keep lowering and lowering,” she said. As an example, the saga of a partic- ular house recently on the market in Lewisville opened eyes among Buehler and her colleagues. A home that Buehler described as “perfect” went on the market earlier this year and had only three bidders for it—a number that would have seemed unfathomable just one year earlier, she said. “We had one buyer bid only $415,000 on that house, and by the time it closed, the winning bidder only got it by $2,000 [over the other bidders],” Buehler said. “We’re talking about a super-cute home in Lewisville with little to no
maintenance needed, and only three people bid on it. That’s why we’re ask- ing sellers to go ahead and lower their initial asking price.” There also aren’t as many homes on the market to choose from, as sellers are having second thoughts about put- ting their homes up for sale. It’s a tri- ple-threat of issues: high home prices, high interest rates and not many to choose from, Rybowicz said. “Rates keep buyers from buying because they can’t a ord homes,” he said. “Sellers don’t want to sell because they have low rates already. Sellers also don’t want to sell because there is less inventory to choose from if they’re buy- ing a di erent home.” ‘A bad time for the market’ The Buehler Group generally dis- suades their clients from putting a home on the market during a holiday weekend, such as Memorial Day. But inevitably, a client or two will make the decision to o cially put their “For Sale” sign out front during that time, Buehler said. “We didn’t get any interest in a home that went up on Memorial Day, but we didn’t think too much about it,” she said. “But then the next weekend came and went, and we still didn’t have any interest. That was when we looked at each other and said, ‘Whoa.’” In 2022, and even as late as the begin- ning of 2023, a home on the market for nearly two weeks anywhere in the Dal- las-Fort Worth area would be inundated with o ers, Buehler said. The state of homebuying and selling is drastically di erent now, she said. “People are being more careful with their money in general right now,” Bue- hler said. “In ation is bad, it’s [almost a Presidential] election year, which means there’s a lot of wait-and-see
$200K $100K 0 $300K $400K $500K $600K $700K $800K
Jan. 2021
Jan. 2022
Jan. 2023
SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORS COMMUNITY IMPACT *DATA ONLY AVAILABLE THROUGH MAY 2023
Days on the market As home prices and interest rates began to rise in the middle of 2022, would-be buyers in Lewisville and Coppell grew more hesitant to spend money—meaning homes for sale stayed on the market longer.
Lewisville
Coppell
38
5 10 15 20 25 30 35 40
Lewisville: Increase of 216.67% Coppell: Increase of 76.47% % CHANGE FROM 2021 2023
30
17
5
6
12
0
Jan. 2021
Jan. 2022
Jan. 2023
SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORS COMMUNITY IMPACT
IN MAILBOXES THIS AUGUST EDUCATION EDITION
LOCAL BUSINESSES: CONTACT US FOR ADVERTISING
DIGITAL
DIRECT MAIL
866 9896808 COMMUNITYIMPACT.COM ADVERTISE
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COMMUNITYIMPACT.COM
2023 HOME EDITION
Months of inventory The amount of homes available on the market—also known as “inventory” in real estate terms—has uctuated in Lewisville and Coppell since 2021.
Lewisville
Coppell
2.0 2.5
1.3
0.8
1.5
0.3
0.8
1.0
0.5
1.1
0 0.5
Jan.'23
Jan.'21
Jan.'22
SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORS COMMUNITY IMPACT
before wanting to move, and just gen- erally things are more expensive now.” The rise in interest rates is the cat- alyst, according to multiple agents. Residents and would-be buyers can realistically expect to pay nearly double the amount of money on interest alone as they would have in 2021 and 2022. “The only times lately we’ve seen a house go on the market is if the seller had a death in the family, is moving due to a divorce or separation, or they are moving out of state,” Buehler said. “It’s a bad time for the market, and it’s a tough time to be a real estate agent.” A look ahead Joe Boggs, branch manager with mortgage-lending company Supreme Lending, said relief is on the horizon— in 2024. National legislatures are proposing bills that would “signi cantly lower” property taxes, Boggs said, which, if passed, would decrease monthly house payments for buyers around the rst quarter of 2024. This would be espe- cially important for the rst-time buy- ers, Boggs said. “This could spur a resurgence in rst- time homebuyers,” Boggs said. “Also, most mortgage lenders o er down-pay- ment assistance programs, so if the buyer [is able to] qualify for monthly house payments but [cannot pay the] down payment, these programs can help o set those initial costs.” The Federal National Mortgage Asso- ciation, or Fannie Mae, also reported in May that interest rates could begin to decline toward the end of 2023 and into the rst quarter of 2024. But buyers should not expect a return to the days of 3% and 4% rates
Raising rates Interest rates on homes have risen every year in the United States since 2021. JUNE 2021 Average national rate around 3% JUNE 2022 Average national rate around 6% JUNE 2023 Average national rate is nearly 7%
NOW OPEN
SOURCE: SUPREME LENDING COMMUNITY IMPACT
right away, Boggs said. “Without wages increasing or house a ordability returning, it may take a while for [the housing mar- ket] to stabilize,” he said. “One of the largest disappointments is that with in ation signi cantly raising home prices—coupled with high mortgage rates—current house a ordability issues have almost cut out entry-level or rst-time homebuyers. When these factors cut out that demographic of buyers, it worsens our economy.” When rates do lower, Rybowicz said he expects the Dallas-Fort Worth market—and Lewisville and Coppell— should return to being busy even if a small rate decrease occurs. “I think as soon as [rates] go down it’ll be back to crazy town again [with buyers and sellers],” he said. “Albeit, never quite like peak pandemic times.”
Active munity:
1450 Valley Ridge Rd. Lewisville, TX 75077 (469) 949-2948 I Solealewisville.com
For more information, visit communityimpact.com .
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LEWISVILLE COPPELL EDITION • JULY 2023
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LEWISVILLE - COPPELL EDITION • JULY 2023
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