Flower Mound - Highland Village - Argyle | July 2024

Real estate

BY JONATHAN PERRIELLO

Home Edition

2024

Readers, welcome to your annual CI Home Edition! This guide features news ranging from key real estate trends and new developments unique to your neighborhood to an overview of the housing industry across Texas. All of the stories were written by our team of local journalists, and all of the advertisements are from nearby businesses who support our mission to provide free, useful news—show them your gratitude by supporting local businesses. Each year, I look forward to putting together this edition that touches on something that aects nearly every resident in the community. While each month we provide a snapshot of the local real estate market, providing insights on year-over-year trends, the Home Edition allows us to dig even deeper into how that data is aecting residents. In this edition, our cover story looks at one of the largest developments in the area that’s bringing new residents and also raising the average home value. Inside, readers can nd out more about one of the rst “aggrihoods” in the state that’s attracting thousands of residents to the area. In addition, readers can hear from real estate experts on the local and national trends shaping the housing market. Readers can also check out more about a Flower Mound business that’s helping homeowners take on renovation and remodeling projects.

What's inside

Real estate expert talks local housing trends aecting the market (Page 11)

Cathy Williams General Manager cwilliams@ communityimpact.com

Report: How Multiple Listing Service changes could aect brokers' pay (Page 14)

Flower Mound home projects business aims to be one-stop shop (Page 16)

Harvest neighborhood oers farm-like feel for Argyle, Northlake residents

farm for generations, so the roots were there; the soil was really good,” she said. Also of note When planning large communities such as Harvest, Hillwood tries to ensure a diverse mix of open spaces, Carroll said. Fishing docks, dog parks, soccer elds, greenhouses, community pools and over 20 other amenities are included in the Harvest development. One of the community’s newest parks is a tiny Western-style town dubbed the “mini town park”

Over 10 years ago, Hillwood Communities envisioned a vibrant community with a working commercial farm lled with residents who get fresh produce delivered right to their doorstep. Now, the 1,200 acres along I-35W and FM 407 is nearly built out. Around 3,260 homes have been sold, said Diana Carroll, marketing director for Hillwood. Harvest oers the small farm-town feel Argyle residents have come to expect, Mayor Rick

One of the community’s newest parks is a tiny Western- style town dubbed the “mini town park.”

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35W

Bradford said. The backstory

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for kids to use. Looking ahead

Harvest was one of the rst “aggrihoods” in Texas, which is a community that contains a working commercial farm, Carroll said. An on-site farmer oers classes to homeowners, teaching them to grow their own food on rented plots. Harvest’s commercial farmer is also part of a community-supported agriculture group, which works with local farmers to pull together vegeta- bles and fruit to deliver to residents’ doors through an optional subscription service, Carroll said. “The land had already been a working family

Denton County just exceeded 1 million residents earlier this year, Bradford said, and Harvest has helped drive that growth. “People who come to Argyle ... but don’t necessarily want 5 acres of land are able to get into Argyle schools, have that small-town, country feel around them, and I think it does drive a lot of interest,” he said.

Hillwood has more parks in the works. More amenities could follow in the coming years as Hillwood eyes all homes being sold by 2027, Carroll added. There is one more section in the upper northeast quadrant yet to be developed that is entering the design phase. Home prices range between $300,000 and $900,000. By the time the community is built out, it could be valued at nearly $2 billion, according to company data.

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