Spring - Klein Edition | July 2020

SPRING KLEIN EDITION

REAL ESTATE

ONLINE AT

2020EDITION

VOLUME 7, ISSUE 4  JULY 10AUG. 6, 2020

COVID19 conditions create seller’smarket in Spring, Klein

SUPPLY AND DEMAND DEMAND

Both the number of new listings on the market and the number of homes sold within the nine ZIP codes that make up the Spring and Klein area have been down year over year since the onset of the COVID-19 pandemic in March.

Number of new listings in Spring & Klein

2019

2020

During a time when more people are staying at home than ever before to curb the spread of the coronavirus, moving can become more daunting amid a global pandemic, local real estate agents said. As he and his wife, Ana, had been planning to relocate their family since 2019, Frank Pereira, a former Colony Creek Village homeowner, said when his family put their home on the mar- ket at the onset of the pandemic, it was too late to pause the process. “We were worried about [the pan- demic], but we were already too far into [the moving process], so we decided to go ahead and move forward with it,” Pereira said. BY ADRIANA REZAL & HANNAH ZEDAKER

However, within just ve days on the market, Pereira said the house had already sold: a trend local real estate agents said sellers across the Spring and Klein area are experiencing as a result of low housing inventory. “I think everyone is a little hesitant; if they don’t have to sell, they’re not selling,” said Jerry Santiago, a certi- ed home marketing specialist with The Santiago Team of Better Homes and Gardens Real Estate Gary Greene. “Inventory is way down, but buyer demand, … there’s more trac out there [now] than there was this time last year. … So we’re seeing a very good seller’s market right now.” According to data provided by the CONTINUED ON 17

858

885

810

Overall change: -28.44%

732

589

506

March

April

May

Number of homes sold in Spring & Klein

2019

2020

623

532

504

Overall change: -18.63%

537

409

404

March

April

May

SOURCE: HOUSTON ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

School districts prepare for unknown in the fall amid ongoing pandemic

areaclosedinmid-Marchandquicklyshiftedtoremote learning for the remainder of the 2019-20 school year, district ocials are now faced with crafting budgets and calendars for the upcoming school year that can accommodate the unknown. “We’ve been challenged quite a bit throughout this budget process, throughout this entire spring semester—changes everywhere you turn,” SISD Chief Financial Ocer Ann Westbrooks said following the board’s approval of the 2020-21 budget June 24. “Even though it’s a lot of uncertainty ahead of us, we feel as though we have a good team. We’ve done a lot of great work, and we’re meeting the challenge every

DISTRICT ACTIONS

Despite no nal plans, Spring, Klein and Cy-Fair ISDs are preparing for students to come back to school.

to an online survey that closed June 9. 20,000 responses Klein ISD received more than

12,543 responses to an online survey that closed June 29. Spring ISD received

$10 million of its 2020-21 budget for COVID-19-related needs. Cy-Fair ISD allocated

BY HANNAH ZEDAKER

The 2020-21 school year is less than one month away and as positive COVID-19 cases continue to increase countywide, Spring, Klein and Cy-Fair ISDs are hoping for the best while preparing for the worst. After school districts across the Greater Houston

SOURCES: CYFAIR, KLEIN AND SPRING ISDSCOMMUNITY IMPACT NEWSPAPER

CONTINUED ON 18

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SPRING - KLEIN EDITION • JULY 2020

INDEPENDENCE DAY CLEARANCE SAVINGS

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*Offer available on select newHondamodels, see dealer for full details. 0.0%APR is a dealer buydown rate. Dealer contribution 1.9%. Thismay affect the final negotiated price of the vehicle. Examplewith $0 down payment andmonthly payments of $27.78 per $1,000 financed. May not be combinedwith any other advertised offers or USAA/TrueCar/Costco price quotes. Offers valid through 7/31/20.

Every surface and vehicle at our facility is being continuously cleaned and sanitized for your safety.

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Vehicle pickup & delivery available between 9am and 7pm, see dealer for complete details.

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Valid only at Honda of Tomball. Any or all coupons must be presented at time of write up in the service drive. Any or all coupons not to be utilized with other coupons nor are coupons redeemable for cash. No discount will exceed $100.00 unless specifically stated in the individual coupon advertisement. Synthetic oil usage will incur additional charges. Up to 5 quarts. Some models higher based on filter and diesel engines. See service advisor for full details. $ 29 88 OIL CHANGE SPECIAL All Makes & Models (Up to 5 quarts)

Valid only at Honda of Tomball. Any or all coupons must be presented at time of write up in the service drive. Any or all coupons not to be utilized with other coupons nor are coupons redeemable for cash. No discount will exceed $100.00 unless specifically stated in the individual coupon advertisement. See service advisor for full details. (B3G1IM) Plus $30 Off 4 Wheel Alignment with purchase. BUY 3 TIRES GET ONE FREE! WE WON’T BE UNDERSOLD

Valid only at Honda of Tomball. Sunday only. Any or all coupons must be presented at time of write up in the service drive. Any or all coupons not to be utilized with other coupons nor are coupons redeemable for cash. No discount will exceed $100.00 unless specifically stated in the individual coupon advertisement. See service advisor for full details. (TBSI) ANY VEHICLE $ 275 OFF! Total Package: Timing Belt, Water Pump, Drive Belt, Coolant & Tensioner Recommended every 7 years or every 105k miles. V6 SUNDAY TIMING BELT SPECIAL

Valid only at Honda of Tomball. Any or all coupons must be presented at time of write up in the service drive. Offer is for 20% off your entire service bill. Maximum savings of $100. Current advertised specials & tires are excluded. OFF YOUR TOTAL BILL TOTAL SERVICE DISCOUNT 20 %

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THIS ISSUE

FROMKIM: Our homes have become our safe havens these last few months. In this special Real Estate Edition, we have included a home improvement guide and a look at how COVID-19 has aected the real estate market. While we may not know what tomorrow will look like, we do know that the sun will rise and we can be a light for others.

MARKET TEAM GENERAL MANAGER Kim Giannetti, kgiannetti@communityimpact.com

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Kim Giannetti, GENERALMANAGER

EDITOR Hannah Zedaker REPORTER Adriana Rezal

GRAPHIC DESIGNER Ronald Winters ACCOUNT EXECUTIVE Kim Laurence METRO LEADERSHIP PUBLISHER Jason Culpepper MANAGING EDITOR Matt Stephens ART PRODUCTIONMANAGER Tessa Hoee CORPORATE LEADERSHIP PUBLISHERS AND FOUNDERS John and Jennifer Garrett GROUP PUBLISHER Traci Rodriguez EXECUTIVE EDITOR Joe Warner CREATIVE DIRECTOR Derek Sullivan SALES DIRECTOR Tess Coverman WHOWE ARE 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.

FROMHANNAH: As the 2020-21 school year is fast approaching and positive COVID-19 cases continue to rise in Harris County, parents, students and teachers are anxious to learn how the upcoming school year will be conducted. In one of our front-page stories, we try to answer those questions for Spring, Klein and Cy-Fair ISDs. Hannah Zedaker, EDITOR

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SPRING  KLEIN EDITION • JULY 2020

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

IMPACTS

COMPILED BY ADRIANA REZAL & HANNAH ZEDAKER

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

1

SPRINGWOODS VILLAGE

8

LAKE PLAZA DR.

CITY PLAZA DR.

1

OLD TOWN SPRING

99 TOLL

9

2920

Island Grill

COURTESY ISLAND GRILL

COMING SOON 7 Twisted Sisters Nutrition Shack plans to open in early August at 200-2 Noble St., Spring. Owned by sisters, Emilee Ham- ilton and Kaitlin Morris, all of the products at Twisted Sisters Nutrition Shack will be sugar free and low-carb, including its meal replacement shakes, loaded and beauty teas, specialty teas and energy Jell-O shots. www.facebook.com/ twistedsistersnutrition 8 Edward Jones , a nancial services company, will open an oce location in CityPlace at Springwoods Village later this year. The company, which oers in- vestment and other wealth-management services, will occupy a 1,400-square-foot oce space at 1701 Lake Plaza Drive, Spring. www.edwardjones.com RELOCATIONS 9 Woof Gang Bakery & Grooming relocated May 14 from 18448 Kuykend- ahl Road, Spring, to 6076 FM 2920, Spring. Owned by Kalman Goldstein, the pet store franchise oers pet products, including pet food, treats, toys, leashes and collars, as well as grooming services. 832-422-3996. www.woofgangbakery.com 10 After celebrating 25 years in busi- ness April 1, La Boucherie Cajun Meats announced May 1 that it will relocate to a new 17,000-square-foot facility later this summer at 18908 Kuykendahl Road, Spring. Currently located at 3323 FM 1960 W., Houston, La Boucherie oers a wide selection of Cajun favorites ranging from turducken and boudin to crawsh jamba- laya and jalapeno cornbread. 281-583-8177. www.cajunmeats.com

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2

10

6

5

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249

45

1960

CUTTEN RD.

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

NOWOPEN 1 Island Grill opened in early June in CityPlace at Springwoods Village, at 1701 City Plaza Drive, Ste. 120, Spring. The American-Mediterranean concept oers dishes ranging from gyros and falafel to pizza and burgers. Island Grill also has a full bar and juice bar, featuring signature smoothies and juice blends. 281-466-2559. www.islandgrillhouston.com 2 After several months of only oering beer to go, Excalibur Brewing held the soft opening of its taproom and biergar- ten March 7 in Old Town Spring. Located at 26510 A Border St., Spring, Excalibur Brewing is a small-batch craft brew- pub that oers more than 15 brews in half-pints, pints, 16-ounce crowlers and 32-ounce crowlers. 832-592-7637. www.excaliburbrewing.com GRANT RD.

3 Blue Bualo Mercantile , a Texas- based boutique, celebrated its grand opening in Old Town Spring on May 16 at 217 Main St., Spring. The western-styled retail boutique oers clothing for women and children, in addition to items such as candles, welcome signs and bath prod- ucts. 832-585-1725. www.bluebualomercantile.com 4 ManBasics celebrated its grand opening in Old Town Spring on May 23. While ManBasics has been operational since 2018, the business’s rst physi- cal storefront is located at 419 Gentry St., Ste. 104, Spring, and specializes in men’s grooming products such as beard oils, balms, lotions, scrubs, handcrafted soaps and lotions. The new storefront also includes a barbershop, which oers haircuts, straight razor shaves and beard

5 The Junk Between Us , a thrift and consignment store in Old Town Spring, celebrated its grand opening May 2. Located at 26408 Preston Ave., Spring, the store oers a wide variety of items, ranging from home decor and furniture to gently used clothing and jewelry. 832-244-1516. www.facebook.com/thejunkbetweenus 6 Husband and wife Chance and Cecilia Mentesana celebrated the grand opening of their new business, Your Floor Store & Remodeling Center , on June 19. Locat- ed at 8620 Spring Cypress Road, Ste. A, Spring, the business oers services and products for both residential and commer- cial spaces, including ooring, kitchen and bathroom remodeling, carpentry and cab- inetry, among others. The business also carries products for do-it-yourself projects and oers complimentary consultations. 832-970-6000. www.youroorstore.com GEARS RD.

trims. 832-663-6553. www.manbasics.com

Ages 18 months to 5 years 281-370-5001

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SPRING  KLEIN EDITION • JULY 2020

TRANSPORTATIONUPDATES

COMPILED BY HANNAH ZEDAKER

2 Gosling, Root roads intersection improvements Construction wrapped up July 2 on a project to install a traffic signal at the intersection of Gosling and Root roads. Timeline: May 11-July 2 Cost: $297,697 Funding source: Harris County Precinct 4

ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF JUNE 30. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT SKLNEWS@COMMUNITYIMPACT.COM. Antoine and Spring Cypress roads. Timeline: Aug. 13, 2019-March 2022 Cost: $3.61 million Funding sources: Harris County Precinct 4, TxDOT Construction is underway on CMAQ Phase 2E to improve intersections and modify traffic signals along the Beltway 8 frontage road between West Gulf Bank Road and TC Jester Boulevard. Timeline: Aug. 13, 2019-March 2022 Cost: $3 million Funding sources: Harris County Precinct 4, TxDOT 6 Hwy. 249 improvements Construction is underway on CMAQ Phase 2D to improve traffic signals and intersections along Hwy. 249 between York and West roads and on FM 1960 between Fallbrook and Kenswick drives. Timeline: Aug. 13, 2019-March 2022 Cost: $2 million Funding sources: Harris County Precinct 4, Texas Department of Transportation 5 Beltway 8 improvements

45

1

MOSSY OAKS RD.

ROOT RD.

RILEY FUZZEL RD.

2

SPRING STUEBNER RD.

3

ELM ST.

2920

ONGOING PROJECTS 3 Riley Fuzzel Road expansion

99 TOLL

A notice to proceed with construction was issued April 13 on a project to widen Riley Fuzzel Road from a two-lane asphalt roadway to a five-lane concrete paved section with improved drainage between Elm Street and the Hardy Toll Road. The project will also realign Riley Fuzzel Road and West Hardy Street to incorporate a four-way intersection, close the railroad crossing at Caroline Street and open a new railroad crossing north of Riley Fuzzel Road. Timeline: April 13, 2020-March 2021 Cost: $5.02 million Funding source: Harris County Precinct 4 4 Hwy. 6, FM 1960 improvements Construction is underway on the Con- gestion Mitigation and Air Quality Phase 2F to improve intersections and modify signals along Hwy. 6 between West Little

249

1960

6

4

4

5

TC JESTER BLVD.

6

W. GULF BANK RD.

MAP NOT TO SCALE N

completion in late 2019, the project has been delayed by inclement weather, said Pamela Rocchi, the director of Harris County Precinct 4’s Capital Improvement Projects Division. Timeline: March 21, 2018-June 29, 2020 Cost: $9.81 million Funding source: Harris County Precinct 4

RECENTLY COMPLETED 1 Gosling Road Segment 2 upgrades Construction wrapped up in late June on a project to widen Gosling Road to a four-lane concrete section with improved drainage between Mossy Oaks and West Rayford roads. Originally slated for

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

PUBLIC SAFETY

George Floyd’s death promptsHarrisCountystudies

BY SHAWN ARRAJJ & HANNAH ZEDAKER The same day a funeral was held in Houston for George Floyd—a Houston native who died May 25 while in police custody in Minneapolis—the Harris County Commissioners Court approved a broad range of studies into the county’s criminal justice system June 9. However, the question remains as to where funding could come from to implement future changes. The studies cover topics ranging from racial disparities in the criminal justice system and the criminalization of poverty to the examination of whether to create a civilian oversight board to investigate allegations of abuse of force by local police. Preliminary ndings frommost of the approved studies are slated to come back to Commissioners Court in July. Harris County Sheri Ed Gonzalez spoke at the meeting and acknowl- edged that law enforcement may not need to be on the front lines of mental health, addiction and poverty to the degree they currently are. However, he argued defunding police forces should not be the go-to solution to nd funding for new programs. “At the end of the day, there’s still violent crime out there. Somebody out there still has to protect the community. We need to be able to solve crimes. We need to make sure that we’re paying our deputies good money,” Gonzalez said. “Whether it be COVID[-19], [Hurricane] Harvey or going into gunre, they are always there to answer the call, and they should be paid more. We can be supportive of law enforcement and be against police brutality.” Gonzalez added that the sheri’s oce has created programs for substance use and mental health calls that have been successful. Launching reform Harris County’s eight constables met June 10 to begin the process of developing a uniform countywide use-of-force policy. “The sheri’s oce [has] made a lot of strides, but we know that we still have a long way to go, [and] I understand our profession does as

DIVERSITY DISCUSSION TAKES CENTER STAGE In celebration of Juneteenth, the Gleannloch Farms community in Spring came together June 19 to hold a unity event and discuss diversity.

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well,” Gonzalez said. “We’re ready and committed to change and mean- ingful reform.” As elected ocials, the sheri and constables are each able to determine their own policies, such as those on use of force, for their respective jurisdictions. While Gonzalez said his agency has already banned certain controversial use-of-force tactics, each Harris County constable can exercise his or her own discretion in following suit. “We [already had banned choke- holds and neck restraints], and we’re looking at our policies for de-esca- lation. ... We want to make sure it’s clear,” he said. According to Precinct 4 Constable Mark Herman, Precinct 1 Constable Alan Rosen is working to break down each constable’s policies and identify similarities and dierences. Once the eight constables develop and agree upon one use-of-force policy, Herman said that policy will be shared with Gonzalez as well as with District Attorney Kim Ogg and the Harris County Fire Marshal’s Oce to evaluate and combine it into one countywide policy. Additionally, commissioners unanimously approved creating a public site where instances of police use of force will be compiled, along with video footage and details on

the race, ethnicity and gender of those involved. Local eorts In celebration of Juneteenth, the Gleannloch Farms community in Spring hosted a unity event June 19 to commemorate the pivotal moment in Black history and start a commu- nity dialogue on diversity. “We moved here to protect [our kids] ... so that they didn’t have to experience the things that are hap- pening in this world,” said Christina Hudson, a Gleannloch Farms resident and the event organizer. “But I guess over the last several weeks, I’ve realized that I can’t protect them.” During the event, members of the community shared their experiences with racism and how it aects their lives on a daily basis. The event also included a Juneteenth holiday presentation and a candlelight vigil for individuals who lost their lives as a consequence of racism. “I didn’t want this to be about politics, ... ‘Black Lives Matter,’ ‘All Lives Matter,’ ... police brutality. ... It’s about changing people’s hearts,” Hudson said. “This is about coming together as a community and saying that we stand for one another. This should be our circle of trust to have this ... very dicult conversation that we have avoided for 400 years.”

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SPRING  KLEIN EDITION • JULY 2020

REAL ESTATE

2020EDITION

COMPILED BY HANNAH ZEDAKER

Home sales are down year over year in six of the nine ZIP codes that make up the Spring and Klein area. 201920 SPRING  KLEIN REAL ESTATE MARKET AT A GLANCE

DAYS ON THEMARKET AVERAGE June 2018-May 2019

June 2019-May 2020

249

45

77373 77388 77389 77090

99 TOLL

2920

77066

77068

77069

32

44 +37.5%

52

52

53

57 +7.55%

77069 77070 77379

0%

77070 -2.5%

77090

77373

MARKET DATA PROVIDED BY SHARON TEUSINK, CHAMPIONS OFFICE MANAGER WITH BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE. 2814445140 • WWW.GARYGREENE.COM

77068

40

39

43

43

33

41

1960

0%

+24.24%

77066

N

77379

77388

77389

49

52

38

38

60

61

+6.12%

0%

+1.67%

HOMES SOLD NUMBER OF

June 2018-May 2019

June 2019-May 2020

HarrisCounty

Studying the stats The majority of Spring and Klein area ZIP codes saw an increase or no change in the average number of days homes spent on the market throughout 2019-20.

48

49

+2.08%

302

190

349

+10.93%

-0.53%

-1.72%

335

189

343

631

269

1,067

HOME SALES PRICE AVERAGE

June 2018-May 2019

June 2019-May 2020

-17.43%

-14.87%

-8.34%

978

521

229

$179,000

$222,000

$259,000 $271,000 +4.63% $175,000 +2.29% $179,000 $391,000 +4.86% $410,000

1,381

700

805

+7.26%

+9.91%

-0.14%

+3.14%

+1.37%

$192,000

$244,000

1,379

722

816

45,190

$228,000 +0.88% $230,000

$175,000 +10.86% $194,000 $221,000 +2.26% $226,000

-0.89%

Harris County

44,789

TOTAL HOMES SOLD IN SPRING & KLEIN

$280,000

June 2018-May 2019

June 2019-May 2020

+8.57%

6.08%

5.30%

$304,000

14.80%

14.14%

3.44% 6.22% 4.15% 9.45%

3.34%

4.72% 11.08% 6.14%

13.10%

12.29%

Harris County

Studying the stats The average home sales price increased year-over-year in each of the Spring and Klein area’s nine ZIP codes.

5,694 homes sold

5,512 homes sold

$313,000 $317,000 +1.28%

25.02%

24.25%

18.74%

17.74%

LAKES OF STERLING GATE 127 LAKE STERLING GATE | $729,900 281.444.5140

MEMORIAL NORTHWEST (SPRING) 7715 HERTFORDSHIRE | $595,000 281.444.5140

LAKES OF CYPRESS FOREST 2419 HENDRICKS LAKES | $475,000 281.444.5140

Champions Office

GaryGreene.com

8817 Louetta Rd Spring,TX 77379 | 281.444.5140

©2019 Better Homes and Gardens Real Estate LLC. Better Homes and Gardens® is a registered trademark of Meredith Corporation licensed to Better Homes and Gardens Real Estate LLC. Equal Opportunity Company. Equal Housing Opportunity. Each Franchise is Independently Owned and Operated. If your property is currently listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers.

10

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

REAL ESTATE 2020EDITION

DEVELOPMENT UPDATES

Developments underway in Spring and Klein

COMPILED BY ADRIANA REZAL

ALLORA SPRING CYPRESS

KLEIN GROVE Klein Grove, a single-family residential community located at 17726 Sugar Magnolia Lane, Spring, oers seven dierent oor plans for homes starting at $218,990 and ranging from 1,504-2,960 square feet. The community comprises 102 single-family home lots with construction headed by HistoryMaker Homes. Phase 2 will open to prospective homeowners in the coming months. 866-419-1949 www.historymaker.com Number of homes: 102 (total) Opened: mid-June 2019

MERAVINTAGE PARK Construction is underway on Mera Vintage Park, an 8-acre, age- restricted residential community located at 14914 Vintage Preserve Parkway, Houston. Managed by real estate developers Sparrow Partners, the 179-unit apartment complex expects residents who are age 55 and older to move in by August. Amenities include a resort- style pool, a craft room and a golf simulator, among others. 281-603-0390 www.meravintagepark.com

BROADSTONE VINTAGE PARK Broadstone Vintage Park, a recently completed multifamily residential community located at 14700 Vintage Preserve Parkway, Houston, is now leasing. Developed by property management company Alliance Residential, the 386-unit apartment complex oers one- to three-bedroom oor plan options and has an expected move-in date for residents in July. 713-324-7806 www.broadstonevintage park.com Number of units: 386 Move-in date: July

Construction is underway on Allora Spring Cypress, a 351-unit multifamily housing community, located at 4410 Spring Cypress Road in Spring. Owned by Trammel Crow Residential Management Company, the apartment complex is expected to move in residents by October. Amenities include a resort-style pool, yoga lawn, athletic club and dog park. leasing@alloraspring cypress.com www.alloraspringcypress.com

Number of units: 179 Move-in date: August

Number of units: 351 Move-in date: October

SPRING CYPRESS RD.

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SPRING  KLEIN EDITION • JULY 2020

Your success is our priority. Close. Flexible. Affordable. Lone Star College.

06.09.20.04

WHERE DO YOU GO WHEN THE HAMMER MISSES THE NAIL AND FINDS YOURS?

Our ER is Open. Ready. And Safe. Emergencies are one-of-a-kind events. You don’t know when, or how, or where they’re going to happen. But you do know that when an emergency takes place, you’ll want an Emergency Room you can count on. Especially now, when our community continues to battle COVID-19, you need to know that there’s a hospital ER that’s open, ready, and safe for you and your family. And we are. For more information, visit us at StLukesHealth.org/Here-Always.

Here, always.

14

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

REAL ESTATE 2020EDITION

GUIDE

A guide to home projects with advice from local businesses

Matt Sneller, owner of Spring-based construction company Sneller Custom Homes & Remodeling, oers four simple projects to do at home. HOME IMPROVEMENT &MAINTENANCE 2020 Spring and Klein

COMPILED BY ADRIANA REZAL

1

2

SIMPLE HOME PROJECTS

1 Establish a multipurpose space With more time being spent at home due to COVID-19, Sneller recommends turning an unused guest bedroom or dining room into a multipurpose space by adding a desk or workout equipment. For open rooms, Sneller recommends installing glass French doors to enhance privacy and limit sound travel. 2 Give the bathroom a facelift For older homes, revamping a bathroom can be as easy as a fresh coat of paint, Sneller said. Using a scrubbable paint with an eggshell or satin nish is not only child-proof, but also helps withstand moisture built up in the bathroom, he said. Replacing countertops and upgrading plumbing xtures can also make an older bathroom look new.

3 Add outdoor seating Sneller said homeowners often have an outdoor patio they avoid using a result of the Texas summertime heat. To create a shady and cool outdoor space, wooden roofed structures such as pergolas oer a more user-friendly, wide-open social area and relief from the sun. 4 Create kitchen storage space For those wanting more storage space in the kitchen, Sneller recommends installing cabinet and drawer storage products from manufacturers such as Rev-A-Shelf. Sneller said adding xtures such as waste container mounts, additional drawer systems and Lazy Susans allow for more storage space without large-scale renovations.

3

4

Sneller CustomHomes & Remodeling 17018 Seven Pines Drive, Ste. 100, Spring 832-797-4320 www.snellercustomhomes.com

SOURCE: SNELLER CUSTOM HOMES & REMODELINGCOMMUNITY IMPACT NEWSPAPER

B E H E A L T H Y A N D S A F E ! Thinking about our neighbors This Prestigious four story Independent Senior Living Community has set new standards in services and amenities to meet everyone’s expectations! Our spacious apartments feature modern design with the feel of “Home” and we are conveniently located near some of Houston’s most desirable shopping and popular attractions.

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15

SPRING  KLEIN EDITION • JULY 2020

REAL ESTATE 2020EDITION

PEOPLE

BUILDING UP According to a June 18 construction report by ApartmentData.com, in the Spring and Klein area: • 1,426 multifamily housing units have opened within the past 12 months • 1,482 more units are currently under construction • 992 more units are proposed SOURCE: APARTMENTDATA.COMCOMMUNITY IMPACT NEWSPAPER

BruceMcClenny President of ApartmentData.com

BY HANNAH ZEDAKER

ApartmentData.com President Bruce McClenny has served with the company for the past 25 years. The organization, which has been in business since 1986, has a call center based in Houston that works to reach out to every apartment complex in its database on a monthly basis to get updated information on each complex’s rental prices, occupancy rates and policies to provide information that accurately reects the state of the industry. This interview has been edited for length and clarity.

Tenants are expected to begin moving into Broadstone Vintage Park in July.

HOWDO YOU FORESEE THE INDUSTRY PERFORMING FOR THE REMAINDER OF 2020? I think unemployment and job growth will impact how much people can move around and have more choices for themselves to rent and buy. Right now, there’s no way to tell, but things seem to be coming back. August is going to be a critical month. Just like March and April—typically very strong months [that] were very weak [this year]—maybe we get into August, and we’ve got this demand looming for people needing to make new housing choices.

HOWHAS COVID19 AFFECTED THE DEMAND FORMULTIFAM ILY HOUSING ACROSS THE GREATER HOUSTONAREA? Rental activity has slowed down even though housing is an incredibly important factor in everybody’s life— we’ve got to have housing. So I think single-family and rental housing is going to hold up well because of the needs of individuals to have it, where, on the other hand, retail and commercial oce are going to be under a lot of stress on a commercial real estate basis.

HOWHAVE RENTAL RATES BEENAFFECTED? The absorption is down. There’s less people moving around, so we’re not seeing as many leases happen because of a lack of demand, people staying at home, in place. That directly impacts rent, so we’ve seen rents come down, especially in the [higher-end] spaces where there’s a lot of availability. There’s 21,000 [Class A] units across Houston that are in the leasing stage, so that brings pressure on the rents in the A spaces. We’re starting to see the [workforce housing] rents atten out.

WHAT HOUSING TRENDS DO YOU EXPECTWILL COME OUT OF THIS CRISIS? I think renters will be looking for more single-family home styles as opposed to a denser apartment[-style dwelling]. I’m sure there will be adjustments made, design-wise, but it takes so long to design and execute building plans, ... so I think it will be two or three years before we start hearing about architects even starting to make those changes [such as dedicated home oce and study spaces in apartments].

WORTHWHILE CONVERSATIONS BETTING ON THE WRONG TEAM… DOES YOUR WEALTH MANAGER HAVE THE RIGHT PLAYERS?

WHAT DO YOU MEAN -- “THE RIGHT PLAYERS?” A recent industry survey of the top 50 independent broker-dealers highlighted the number of CFP ® practitioners relative to the total licensed brokers (those selling products or giving advice) at these firms. The percentage was under 25% for most, far below our number at L&W (70%+). The majority of our advisors have multiple credentials, including CPA, JD, and other advanced designations. WHAT ELSE SHOULD FAMILIES LOOK FOR BEYOND CREDENTIALS? Deep experience. Firms with less real- life experience tend to offer the “standard prescription” or template solutions when addressing client needs. Tried and true is great, but only the experience of living with the ultimate outcome of advice develops the perspective needed to create client-centered solutions families have a right to expect. It is (borrowing the famous book title) “What They DON’T Teach You at Harvard Business School.” IS IT HARD TO FIND EXPERIENCE OUT THERE? Unfortunately, many advisors with deep experience are within the big Wall Street

banks, and conflicted by business models that involve the sale of investment products. They do not adhere 100% to the fiduciary legal standard of placing the client’s interest first. (Families should never compromise regarding 100% fiduciary compliance.) Even in fiduciary firms, experienced investment managers may try to broaden advice by hiring young CFP ® practitioners, but the experience is nonetheless confined to investments. PRESUMABLY, LINSCOMB & WILLIAMS IS DIFFERENT… We have all the important credentials, and 49 years certainly provides some experience! However, the key is a team, combining industry veterans with young and energetic talent. Imagine how the combination of professionals with different backgrounds and levels of experience can work together and re-define the client experience. For a family looking to re-define their wealth management experience, we are ready to have a no-cost, no-obligation exploratory conversation at our office in the Houston Galleria area. For more information, or a copy of our Form ADV, Part II, with all of our disclosures, call Grant Williams at 713 840 1000, or visit www.linscomb-williams.com.

J. Harold Williams and Lantz Bowman discuss the importance of having a team of professionals to determine the right choice for you. (Left to right: J. Harold Williams, CPA/PFS, CFP ® ; Lantz Bowman, CFP ® )

1400 Post Oak Boulevard, Ste. 1000 Houston, Texas 77056 713.840.1000 www.linscomb-williams.com Linscomb & Williams is not an accounting firm.

16

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

REAL ESTATE 2020EDITION

CONTINUED FROM 1

A FASTPACED MARKETPLACE

249

45

Houston Association of Realtors, both the number of new listings on the market and the number of homes sold within the Spring and Klein area were down 28.44% and 18.63%, respectively, year over year since the pandemic’s onset in March. As the real estate market continues to adapt during the pandemic, local real estate agents said they are taking extra safety precautions and using technology to keep the market moving. Adapting to COVID19 As with most industries, the world of real estate is also getting creative to curb the spread of COVID- 19 while keeping business aoat. Vicky Fullerton, a Realtor with RE/MAX The Woodlands & Spring who serves as a director of the National Association of Realtors, said in her 42-year career in the real estate industry, nothing compares to the current state of the world. “I’ve lived through the downturn in the ’80s, … the oods in the ’90s, the Y2K scare, the economic down- turn, the hurricanes ... andnothing hasmatchedwhat we have undergone since March 10,” Fullerton said. Across the industry, Fullerton saidmasks, gloves, shoe covers and hand sanitizer have become neces- sities for in-person showings. Additionally, doors and cabinets are left ajar while lights remain on to minimize contact. “Not only did [the pandemic] slow the market down, but it changed everything,” said Marc Wade, a real estate agent with Red Door Realty & Associ- ates. “It went from [being] a real personal experi- ence … to not being allowed to have open houses, … sanitizing everything, … doing virtual showings.” When in-person showings are not a favorable option, real estate agents said they are turning to technology for the safety and convenience. “I’ve done [virtual options] in the past for clients moving in from out of state, but I’ve oered it up evenmore so now ... for people who are not comfort- able going out and about,” said Melissa Whitehead, a real estate agent with Red Door Realty & Associates. Whitehead added the increase in virtual show- ings has become a more ecient way for buyers to narrow down the few houses they are strongly con- sidering and would like to view in person, which cuts down on unnecessary foot trac. In addition to changes to the actual homebuying and selling process, real estate agents said COVID- 19 has also aected the reasons why homeowners are buying or selling. For instance, Connie Santiago, Jerry’s wife and the other half of The Santiago Team, said she had a listing recently where the homeowners were moving to be closer to family they could not see during lockdown. Jerry Santiago added while job losses have also played a role in clients’ relocations, those who are in industries that have performed well throughout the pandemic are buying second homes. “I know Houston is very oil and gas heavy, but there are all sorts of other industries and markets that are really doing well throughout all this, so people are still buying and selling homes at the end of the day,” Jerry Santiago said.

77373 77388 77389 77090

99 TOLL

2920

77069 77070 77379

In six of the nine ZIP codes that make up the Spring and Klein area, the average number of days homes spent on the market in May decreased year over year, while the median price of homes sold in May increased year over year.

77068

1960

77066

SOURCE: HOUSTON ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

N

Average number of days on the market

May 2019

May 2020

+34.55%

-22.58%

74

-2.13%

62

-27.91%

55

+9.1% +15.63%

-28.57%

48

47

-15.63%

46

-3.33%

43

37

36

33

31

32

32

35

30

29

27

25

77066

77068

77069

77070

77090

77373

77379

77388

77389

Median price of homes sold

May 2019

May 2020

-10.4%

+3.66%

-5.95%

+7.55%

+8.59%

+7.14%

+0.42%

+7.03% -4.23%

77066

77068

77069

77070

77090

77373

77379

77388

77389

years,” she said. “And [a lot of that is] due to inter- est rates—that’s a huge motivator right now.” According to Freddie Mac, also known as the Fed- eral Home Loan Mortgage Corp., the U.S. weekly average interest rate June 25 of 3.13% for a 30-year mortgage is the lowest mortgage rates have been since Freddie Mac began tracking the data in 1971. Connie Santiago added while new listings typ- ically go under contract within 60-90 days, those homes are now under contract within one month. Further enhancing the seller’s market, White- head said those who are daring to peruse the real estate market during current conditions are serious buyers, as opposed to what she called “lookie-loos.” While the state’s economy came to halt in April, Wade said as the economy has reopened in recent months, so have the oodgates in terms of people ready to buy and sell homes. “A lot of people were refraining from committing to purchasing a home or selling a home because they didn’t know what the future held,” he said. “Now, even though coronavirus has not gone away, ... the housing market has adjusted, and things are back to normal—if not even busier than normal.”

Real estate agents said additional eects of COVID-19 include homebuyers seeking houses with designated game rooms and oce space to better accommodate children and parents in case of future lockdowns. Fullerton added homebuild- ers are seeing a renewed interest in new homes as homebuyers seek to limit COVID-19 exposure. A seller’smarket As many homeowners are feeling less condent about putting their homes on the market due to the risk of exposure to COVID-19 or buying a new home due to nancial uncertainty, local real estate agents said the few homes that are on the market are sell- ing fast and for top dollar. In six of the nine ZIP codes that make up the Spring and Klein area, the average number of days homes spent on the market in May decreased year over year, while the median price of homes sold in May increased year over year. Whitehead said several of her homes priced $200,000 and under are receiving multiple oers well over the listing price. The same could be said for the higher-end homes in Spring, which Connie Santiago said had previ- ously been sitting on the market dormant. “The $700,000s and up are ying o the shelves more than they have probably in the past four

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SPRING  KLEIN EDITION • JULY 2020

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