Flower Mound - Highland Village - Argyle | July 2023

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FLOWER MOUND HIGHLAND VILLAGE

ARGYLE EDITION

VOLUME 6, ISSUE 9 JULY 7AUG. 10, 2023

HOME EDITION 2023

Home interest rates skyrocket

Cheesecake Factory to open in Highland Village

Cooking class oered at local summer camp HOME EDITION 2023

See local real estate data

New homes continue to be built in Flower Mound, Highland Village, Argyle and Northlake—despite interest rates hovering between 6% and 7%, the highest in more than 10 years. (Tim Glaze/Community Impact)

Local contractor grows business through referrals

Area market experts predict 2023 home sales to be ‘lowest in last 10 years’

Pull the newest teaser from CC Libraries

BY TIM GLAZE

are currently hovering between 5% and 7% on a 30-year loan, compared to around 3% to 4% in 2021 and 2022. Highland Village and Argyle are see- ing current similar rates of 6% and 7% on 30-year loans. This means a home bought with a $500,000, 30-year loan in Flower Mound could command around $1,000 a month on interest alone,

depending on the buyer’s down payment. The current benchmark interest rate in the country is between 5% and 5.25%, the highest in 16 years, said Brian Rybowicz, an agent with Fathom Realty. “Right now, the number of sales for 2023 appears to be headed for the CONTINUED ON 14

High home prices did little to scare o potential buyers in Flower Mound, Highland Village and Argyle in 2021 and 2022, as would-be buy- ers ocked to the Dallas-Fort Worth Metroplex. However, high interest rates have begun to slowly take a toll on the market in 2023. Rates on homes in Flower Mound

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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 10 you’ll nd a guide to the local residential 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 Don Munsch

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FROM TIM: The real estate market in Flower Mound, Highland Village and Argyle 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 John Parsons of Pinch A Penny Pool Patio and Spa in Flower Mound for a Q&A on pool maintenance—be sure to read it on Page 13. Tim Glaze, EDITOR

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FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023

IMPACTS

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

35E E E K

B A R T O

T E A S L E Y L N .

3 9

DEER CREEK

H I C K O R Y H I L L R D .

ARGYLE

NORTHLAKE

COPPER CANYON RD.

6 1

Doctors Urgent Care Northlake

DON MUNSCHCOMMUNITY IMPACT

LEWISVILLE LAKE

407

338

HIGHLAND VILLAGE

CHINN CHAPEL RD.

LANTANA

377

JUSTINRD.

BARTONVILLE

D I X O N L N .

BRIDLEWOOD BLVD.

156

C OLLEGE PKWY.

WAKETON RD.

Starting Point Counseling Center

35W

DON MUNSCHCOMMUNITY IMPACT

PARKER SQUARE RD.

FLOWER MOUND

114

FLOWER MOUND RD.

ROANOKE

AKESIDEPK W

GRAPEVINE LAKE

170

Chowrastha

DON MUNSCHCOMMUNITY IMPACT

NOW OPEN 1 A Doctors Urgent Care location opened in Northlake, 1234 FM 407, Ste. 200, in April. Doctors Urgent Care oers nonemergency, non-life-threatening treatments, such as X-rays, care for lacerations and sports/school physicals, among other services. 940-222-5215. www.drsurgentcare.com 2 Starting Point Counseling Center opened May 1 in Flower Mound. Lead counselor Eren Turner is a licensed professional counselor supervisor. Turner said she holds a master’s degree in counseling psychology from Texas Woman’s University. According to the

5 Argyle Neighborhood Shops by Slate will open early next year. The shopping center will feature eight to 10 businesses, according to developers. The two-sto- ry complex is currently set to include Dallas West Dance Centre, a business that will have 5,320 square feet. Slate Land & Development Co., the owner and developer, is looking for tenants, Slate Vice President Sahil Kurji said. In addition to the dance studio, the shopping center will also feature a nail salon called Pres- tige Nails of Argyle. An opening date and construction nish date for the complex is February or March 2024, Kurji said. The Shops will be located at FM 407 and US

Café is closed for the transition. www.greatamericancookies.com https://slatecommercial.com 4 Indian grocery store and eatery Chowrastha will soon open in Northlake, 7901 Cleveland Gibbs Road, according to the group’s website. The location is under construction and will oer Indian food. According to the website, the business seeks to create a place for groceries and halal meat alongside a restaurant concept that “caters not only to the largest Indian population in the U.S., but to everyone” who wants to explore “food of complex avors and spices” and understand the “years of evolution and the prominent culture that is ingrained in the food.” www.desichowrastha.com

center, Starting Point Counseling Center oers individual, group, couples and family counseling. The business also oers licensed supervision to people seeking licensure as a licensed pro- fessional counselor in the Metroplex. 3861 Long Prairie Road, Ste. 108, Flower Mound. 972-962-9579. www.startingpointcc.com COMING SOON 3 Great American Cookies will open in the spot formerly occupied by Nestlé Toll House Café at The Shops at Highland Village, 1400 Shoal Creek, Ste. 110. The former Nestlé Toll House

377, Northlake. 469-438-1905 https://slatecommercial.com

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A Cheesecake Factory is coming soon to Highland Village, replacing Barnes & Noble.

COMMUNITY IMPACT STAFF

FEATURED IMPACT COMING SOON The Cheesecake Factory will open at The Shops at Highland Village, replacing the Barnes & Noble Booksellers located at the center. Barnes & Noble will move to The Highlands of Flower Mound, 6101 Long Prairie Road. A Texas Department of Licensing and Regulation ling also conrms a Cheesecake Factory will move into the Highland Village space. The TDLR ling lists the renovation at around $6 million, and it is slated to be completed before the end of the year. 4100 Deer Creek, Ste. 100. www.thecheesecakefactory.com 6 Lambert’s Sports Bar and Vanel- lie’s Bake Shop will open at Northlake Commons, 1242 FM 407. The building that will house the businesses is under construction. The menu at Lambert’s will consist of American fare—made from scratch—with a wide selection of craft beers and spirits. Lambert’s will be open for lunch and dinner as well as includ- ing a brunch menu on the weekends, according to the company, and it is expected to open by the fourth quarter of this year. Vanellie’s will be a French/ European bakery. It will serve a variety of baked goods, such as cheesecakes and custom cakes, as well as muns, cookies, croissants, coee and ice cream. It is expected to open by mid-October. 817-416-3981. www.oceequitysolutions.com 7 Vieux Carré Bistro & Bar will move into the location once held by Chandler’s Kitchen in Flower Mound’s Parker Square. The bistro and bar is set to open sometime this summer, according to ocials. The spot was also previously inhabited by Yel- low Rose Steakhouse and the aforemen- tioned Chandler’s Kitchen. A social media post by owners of The Funky Door Bistro & Wine Room in Lubbock said they would be the ones running the new restaurant, and it could open as early as August 1. 890 Parker Square Road, Flower Mound. 8 Jeerson Northlake apartments will be built at Hwy. 114 near Ashmore Lane and will have 360 units. It is expected to open in 2024. A groundbreaking was held in August, and the rst units should

DEER CREEK

J U S T I N R D .

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be available around spring 2024. The full completion of apartments is expected in fall 2024. 972-556-1700. www.jpi.com CLOSINGS 9 Women’s boutique Apricot Lane closed in Highland Village in May and will be merging with another location in Southlake, according to the company’s Facebook page. The Highland Village location was at The Shops at Highland Village, 1501 Cottonwood Creek, Ste. 110. Shoppers can now nd the boutique at the Southlake Town Square, 218 State St., Southlake. 817-912-1777. http://albsouthlake.commentsold.com

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FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023

TODO LIST

July & August events

COMPILED BY DON MUNSCH

05 EAGLE BASH TIME Argyle ISD parents can get a jump on meeting their children’s educators with the inaugural Argyle ISD Eagle Bash Back to School Event. All new and current Argyle ISD families are invited, the district announced on its website. District ocials said Eagle Bash is “a great opportunity for campus connections, meet and greets, back to school resources, food, fun, and kicking o the new school year.” District ocials said they welcome any business or organization that serves the youth of the community to participate as vendors in the Eagle Bash Back to School Event. 9 a.m.- noon. Argyle High School, 6601 Canyon Falls Drive, Flower Mound. 940-205- 0266. laura.truebenbach@argyleisd.com 26 ATTEND A GALA IN FLOWER MOUND The community is invited to attend the Special Abilities of North Texas’ Denim & Pearls Gala. Special Abilities is a nonprot organization formed in Denton County that provides support and care to adults with special needs. 6-10 p.m. $150. Courtyard by Marriott, 4330 Courtyard Way, Flower Mound. 972-317-1515. www.specialabilities.net

JULY 17 THROUGH 20

SERVE SOME FUN Young tennis enthusiasts aged 5-13 can attend a summer tennis camp for one week in July. The camp will be held during Highland Village’s elementary and middle school Summer Morning Tennis Camp. 8:30-10 a.m. $145. Highland Village Tennis Center, 101 S. Clearwater Drive, Highland Village. 972-317-7430. www.highlandvillage.org/1056/ Parks-Recreation AUGUST 01 GET UNPLUGGED WITH GAMES Teenagers and adults can have fun and socialize with others at Gaming Unplugged for Adults in Flower Mound, which brings people together to socialize while playing board games. Some board games will be present and available to play, but participants are invited to bring their own, as well. This is an ongoing event. 6:30-8:30 p.m. Free. Flower Mound Public Library, 3030 Broadmoor Lane, Flower Mound. 972-874-6200. https://fmlibrary.libnet.info/events.

As part of a summer camp series, children can participate in a cooking class in July in Highland Village. (Courtesy city of Highland Village)

FEATURED EVENT GO TO CAMP IN HIGHLAND VILLAGE Area children can have fun and learn skills during the Highland Village Parks and Recreation Department’s Summer Break Camp activities—American Red Cross Babysitting and CPR Summer Camp and Children’s Cooking Summer Camp— aimed for children and young teens. Both camps are July 10-14. The Red Cross camp is aimed at ages 10-14, and sessions run from 10 a.m.-noon. The Children’s Cooking Summer Camp is aimed at

ages 7-14. 2-4 p.m. $100 per camp. The Robert & Lee DuVall Center, 948B Highland Village Road. 972-317-7430. www.highlandvillage.org/1056/ Parks-Recreation

HIGHLAND VILLAGE

S . C L E A R W A T E

Find more or submit Flower Mound, Highland Village, Argyle, Bartonville and Northlake 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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TRANSPORTATION UPDATES

COMPILED BY TIM GLAZE

ARGYLE

377

E. HARPERS RD.

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KARNES RD.

1171

FLOWER MOUND

WOOD CREEK DR.

WOOD CREEK CIR.

M O U N D R D .

UPCOMING PROJECTS 1 Karnes Road reconstruction This project consists of the improvement of Karnes Road in Flower Mound from a two-lane asphalt road to a two-lane concrete road with curb and gutter from Old Settlers Road to FM 1171. The project is scheduled to receive bids in July. Timeline: summer 2023-TBD Cost: $830,000 Funding source: Tax Increment Reinvest- ment Zone 2 US 377 expansion This Texas Department of Transportation project consists of the reconstruction and widening of a two-lane portion of US 377 in Argyle to a four-lane divided urban roadway to Country Club Road. There is ongoing discussion between sta and

to the news release. The ZipCash rate increase also went into eect July 1. The $0.01 increase is part of a regular biennial update to the rates, according to the news release. “This increase in toll rates will help NTTA repay $9.5 billion borrowed to construct our system of safe, clean and convenient toll roads,” NTTA Board Chair Marcus Knight said in the news release. “The rate increase also helps fund our capital plan, including the current expansion of the Dallas North Tollway.” TxDOT ocials related to the 30-inch water line that needs to be relocated. The TxDOT ready-to-let date has been announced as December. Timeline: spring 2024-TBD Cost: $96 million Funding sources: county and state funds ONGOING PROJECTS 3 Wood Creek Circle reconstruction This project consists of the reconstruc- tion of Wood Creek Circle in Flower Mound from Wood Creek Drive to the end of the cul-de-sac—approximately 320 feet, according to town ocials. Timeline: February 2023-fall Cost: $500,000 Funding source: city sales tax

REGIONAL UPDATE

The North Texas Tollway Authority ocially increased rates on July 1, with the per-mile rate rising from $0.20 to $0.21. This totals approx- imately $5.60 more per month for most TollTag customers, according to a June NTTA news release. Drivers who use the pay-by-mail ZipCash method instead of a TollTag will pay double the rate to compensate for collection costs and “provide fair- ness” among tollway drivers, according

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FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023

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CITY & COUNTY

News from Argyle, Flower Mound & Highland Village

COMPILED BY DON MUNSCH

HIGHLIGHTS ARGYLE Denton County

Argyle council discusses new veterans memorial ARGYLE Council Member Ronald Schmidt said he wants a veterans memorial to be placed in the town’s Unity Park. Village, ocials said. “Essentially, [sponsors] could go to town hall, ll out a simple card with the information, and then the town would essentially order those plaques

Flower Mound Town Council meets at 6 p.m. July 17 at 2121 Cross Timbers Road, Flower Mound. www.ower-mound.com Highland Village City Council meets at 6 p.m. July 11 at 1000 Highland Village Road, Highland Village. www.highlandvillage.org Argyle Town Council meets at 6 p.m. July 17 at 308 MEETINGS WE COVER Emergency Services District No. 1 will receive money from the town of Argyle to help its budget following a large shortfall, but the council’s decision came after some stinging criticism from two members of council at the June 26 meeting. Council members Ronald Schmidt and Casey Stewart discussed their dismay with how the department’s budget had been managed, but Stewart and fellow council members Cynthia Hermann and Gordon Baethge approved $56,000—$10 a head for the population of Argyle, around 5,600—for the district. The money will come from the general fund. Former Argyle District Chief Troy Mac Hohenberger allegedly falsied the ESD’s budget, leaving the department with an operational decit of between $1.5 million-$1.9 million. Hohenberger pleaded guilty May 24 to federal theft of funds, and theft or embezzlement from an employee benet plan. Hohenberger was indicted in November and awaits sentencing. FLOWER MOUND A “failure to meet contract requirements,” prompted the Town Council on June 19 to terminate an agreement with a company for Canyon Falls Park construction, per a town memo. The park is being constructed on the west side of town at 6425 Stonecrest Road.

“I essentially put it out there almost four years ago, and it was just some- thing on my horizon that I thought would be a good thing for our commu- nity,” he said. “Our community is very supportive of its veterans. Obviously, [they’re] very patriotic.” The memorial, which was discussed at a May council meeting, would be similar to the memorial in Highland

and have them mounted on those stones, and as the stones ll up, we would just add more stones,” Schmidt said. The memorial would be for Argyle and its extraterritorial jurisdiction, and it could contain tributes to service members both living and dead, he said.

Argyle council is discussing a memorial similar to Highland Village’s, pictured here. (Don Munsch/Community Impact)

Flower Mound town employees address current work conditions FLOWER MOUND Town

Highland Village FD talks mutual aid HIGHLAND VILLAGE Local re depart- ments have asked the Highland Village Fire Department to be “more self-reliant” concerning assists on mutual aid calls, when other re departments are called in to help on a re or other emergency. Highland Village Fire Chief Jason Collier told council on May 23 about how the HVFD has implemented plans to alleviate concerns from the Lewisville and Flower Mound re departments, which have asked the HVFD to reduce its reliance on them. “Last year Flower Mound and Lewisville advised they will no longer be able to send their last ambulance out of town,” Collier said in an email. “In this scenario, if our ambulance is on another call when we receive an EMS call, the response time would be delayed.” Department ocials discussed hiring three full- and three part-time employee slots to alleviate concerns.

SURVEY RESULTS Flower Mound town employees lled out a job satisfaction survey in June.

employees gave high marks for their overall job satisfaction in a recent survey, but still communi- cated concerns about compensa- tion, among other results. Town employees were sur- veyed on their attitudes on a number of issues that included not just compensation but also work schedule, leave, perks and environment. It was the rst survey since 2018 and the fth survey conducted by the town. A compensation and classi- cation study will be conducted this scal year, per the town. Staers can also take advantage of the alternative work schedule and working from home, said J.P. Walton, strategic services manager for the town.

satised with their job

86%

plan to still work with town in one year

92%

rated compensation as “good” or ”excellent”

38%

rated job benets as “good” or “excellent”

78%

Score out of 100 on work-life balance

Score out of 100 on work schedule exibility

Denton St., Argyle. www.argyletx.com

SOURCE: TOWN OF FLOWER MOUND COMMUNITY IMPACT

FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023

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REAL ESTATE DATA

COMPILED BY TIM GLAZE

2022-23 Flower Mound, Highland Village and Argyle real estate market at a glance

35W

Argyle, Lantana area Highland Village

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 Flower Mound, Highland Village and Argyle.

377

35E

Flower Mound

SOURCE: COLLIN COUNTY REALTOR ASSOCIATIONCOMMUNITY IMPACT

Number of homes sold

Average home sales price

June 2021-May 2022

June 2022-May 2023

June 2021-May 2022

June 2022-May 2023

$585,000

Argyle, Lantana area

+5.1%

$615,000

$550,000

Highland Village

+10.8%

$609,500

$559,750

Flower Mound

+6.3%

$595,000

Argyle, Lantana area

Highland Village

Flower Mound

Average days on market

National mortgage rate data After staying relatively at the rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before seeing some decline the last six months. 30-year xed-rate mortgage 15-year xed-rate mortgage

June 2021-May 2022

June 2022-May 2023

6.48%

3.72%

3.22%

2.65%

5.73%

0 2%

3.16%

2.16%

2.43%

January 2020

January 2021

January 2022

January 2023

Argyle, Lantana area

Highland Village

Flower Mound

COMMUNITYIMPACT.COM

BUSINESS FEATURE

BY DON MUNSCH

BELIEVE ME DER a y At Believe Meadery, we embrace core values about ourselves, the world, and others. We are a boutique producer of meads and melomels, using a variety of wild flower honeys, fruits, and other natural ingredients to make light, refreshing beverages. Our products target crisp, natural tastes with a lingering fruit finish on the palate. They are very popular with wine aficionados, seltzer lovers, and fruit sour enthusiasts. Best enjoyed chilled, with ice, or as an interesting mixer with other ingredients. All of our containers are recyclable, including our plastic bottles and plastic kegs.

This bathroom is one example of a project that Mowles completed. (Courtesy Lakeside Flooring)

Lakeside Flooring Specialist performs variety of home, business improvements T ony Mowles’ business doesn’t operate in the traditional way of Tony Mowles, who runs Lakeside Flooring, remodeled the Flower Mound Chamber of Commerce kitchen. (Don Munsch/Community Impact)

Now available: Cherry Chocolate Vanilla Summer Limited Edition BELIEVE ME DER a y At Believe Meadery, we embrace core values about ourselves, the world, and others. We are a boutique producer of meads and melomels, using a variety of wild flower honeys, fruits, and other natural ingredients to make light, refreshing beverages. Our products target crisp, natural tastes with a lingering fruit finish on the palate. They are very popular with wine aficionados, seltzer lovers, and fruit sour enthusiasts. Best enjoyed chilled, with ice, or as an interesting mixer with other ingredients. All of our containers are recyclable, including our plastic bottles and plastic kegs. Fruit Honey Gluten Free Spices

and when Mowles started his business, that man was a main point of contact in selling wood oors. The man also served as an adviser to Mowles, who eventually branched out into other kinds of home improve- ment to include carpeting, countertops, tile, cabinets, interior and exterior painting, plumbing, and electrical. “Basically, we do interior remodeling from start to nish,” he said. Most of his work—about 95%, he said—is conducted in existing homes. He also conducts some work in the business sector in addition to residential. Some- times national and world hap- penings can aect his business. In 2020, many people saved the money they would spend on vacations and spent it on home remodeling, he said. Mowles said he takes samples of materials to clients’ homes or have people visit warehouses that have show- rooms, and he can provide advice on materials, if people request it. Many variables can come into play, he said, such as design and selection of colors. Mowles also said he works with people on design to get an understanding of what they want and then creates the reality.

Mowles stands in a hallway he installed at the Flower Mound Chamber of Commerce. (Don Munsch/Community Impact)

nding customers through, for instance, website trac. He also doesn’t operate out of a brick- and-mortar facility. But he has found a way to make Lakeside Flooring success- ful in a way that works for him: referrals for business. Mowles operates his home improvement business out of his home oce in Highland Village, conducting some of his business there—such as paperwork, esti- mates and invoicing. Most work he has is in the Flower Mound, Highland Village, Argyle, Lewis- ville and surrounding areas. “I’m on the road all day, checking on my contractors, making sure they’re doing well,” Mowles said. He has owned the business for 14 years this August. He pre- viously was in the country club business for 14 years, and during that time he began his family. In the hospitality industry, his work schedule was tied to the leisure of others, so he got out of managing country clubs to spend more time with his family. “I knew about construction and ooring enough to advise on how to install and the product to buy,” he said. Mowles said he coached a wood distributor’s son in sports,

[ [ [

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This living space is one example of the work Mowles completed. (Don Munsch/Community Impact)

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FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023

INSIDE INFORMATION

COMPILED BY ERIC WEILBACHER

2023 HOME EDITION

RATE CHANGES The Federal Reserve can combat ination by increasing interest rates or stimulate the economy by lowering them. Over the past 20 years, the rate has uctuated between 0% and 5.25%.

Peak interest rates

2003 After the 2001 recession, interest rates begin to climb up as the economy recovers.

As market values have decreased over the last year, interest rate increases from the Federal Reserve System Federal Open Markets Committee have continued. Interest rate increases occurred after almost every meeting of the group for the past 14 months. HOW IS YOUR INTEREST RATE DETERMINED? When applying for a mortgage or other type of loan, the federal funds rate serves as the baseline for determining an interest rate. FEDERAL FUNDS RATE Current rate target: 5%-5.25%* What is it? This is the interest rate banks use to lend money to each other overnight. Banks are legally required to keep a certain percentage of their customers’ money on reserve, prompting banks to aim for keeping enough money on reserve without going under their limit. Why change the rate? This is used by the Federal Reserve to both control the supply of money available and keep ination in check. As the rate goes up, it becomes more expensive to borrow money or take out a loan. *AS OF JUNE 14

2022 The Federal Reserve begins ratcheting up rates in response to record ination.

2020 In response to the economic fallout of the coronavirus pandemic, rates are again slashed to eectively zero.

2008 In response to the 2008 Great Recession, interest rates are slashed.

SOURCES: FEDERAL RESERVE, CONSUMER FINANCIAL PROTECTION BUREAU, FREDDIE MACCOMMUNITY IMPACT

GUIDE

Local businesses oer home improvement tips

2023 HOME EDITION

Q&A: JOHN PARSONS, PINCH A PENNY POOL PATIO SPA

WHAT STEPS NEED TO BE TAKEN BEFORE A POOL IS READY TO BE USED? If it’s been sitting for a while, we want to make sure that all the chemicals are actually correct in the pool. [The pool is] supposed to be crystal clear for a reason. It’s a pool. It’s not like a lake that you’re gonna go hang out in with your friends. So you want to make sure all the chemicals are balanced. And then on top of that, you want to make sure that you’re not getting any type of burning sensation from those chemicals. If the chlorine is too high or the pH is too low, those are going to cause some irritants in the water and how your skin reacts to them. So just check the chemicals before you get in and make sure the water’s actually moving. WHAT UPGRADES ARE POPULAR REQUESTS FOR YOUR BUSINESS? Denitely the No. 1 would be the robotic cleaners, iPhone automation systems, [or] anything to do with plugging your pool system into, like, an online system, so it’s all based o of an app on your phone— Apple or Android. That’s very popular right now, being able to control your pool from your phone, no matter where you’re at. It’s probably been around for about ve or six years, but it’s just getting better and better. And sooner or later, they’re going to have cleaners that just clean everything for you. And hopefully that’s sooner rather than later.

COMPILED BY KAITLYNN HUTCHINS

FIVE POOL MAINTENANCE TIPS FOR A COOL SUMMER

With scorching Texas temperatures, summer is a busy time for pool owners and pool companies. John Parsons, pool designer from Pinch a Penny Pool Patio Spa in Flower Mound has a few tips for pool owners and homeowners who are looking to install a pool. WHAT ARE SOME TIPS FOR POOL OWNERS TO KEEP THEIR POOLS AND FILTERS CLEAN? and sometimes you might, you might be successful, but you also have a really

John Parsons is the lead pool designer at Pinch A Penny Pool Patio Spa in Flower Mound. PHOTO COURTESY JOHN PARSONS

huge chance of messing something up or breaking something. So just ask somebody that is in the industry, and if you need any help, we’ll be more than happy to help you. WHAT TIPS DO YOU HAVE FOR PEOPLE LOOKING TO INSTALL A POOL? Really look into your backyard. The more trees that you have, the more you can expect debris to fall into your pool over the course of the year. Fall is typically the busiest leaf debris season, so you’re going to get a lot of leaves, a ton of sticks, anything like that is going to fall into that pool. So the more foliage and trees that you have in your backyard, the harder it is going to be to upkeep, and you probably want to look into hiring a cleaning company to do your pool service for you because it is a very big responsibility.

Try to backwash [reverse the ow of water to clean the unit]. If you are able to backwash your lter, try to backwash once a week. Check your pressure gauge on your lter. If it’s really, really sky high, anything that’s over like 25 psi usually is a sign that you probably need to clean your lter. Those are pretty much the two main ones, just skimming the top of the pool and getting rid of any type of debris that may be at the bottom of the pool, making the pool have to work harder. Anything to reduce that matter would be very benecial. WHAT IS ONE THING POOL OWNERS SHOULD NEVER DO WHEN IT COMES TO POOL MAINTENANCE? If you do not know something, just ask questions. If you try to push through it,

Pinch A Penny Pool Spa Patio 2221 Justin Road, Ste. 107, Flower Mound 972-903-8080 https://pinchapenny.com

WATERSTONE TRL.

LEWISVILLE 2416 S Stemmons Fwy (214) 488-0888

WESTLAKE 2341 Highway 377 (817) 490-9072

DENTON 2315 Colorado Blvd (940) 243-2929

CONTINUED FROM 1

Highland Village Median home prices Local home prices have stayed high in 2023, forcing buyers to hesitate before purchasing in Flower Mound, Highland Village and Argyle, according to local agents. Argyle Flower Mound

lowest level of the last 10 years,” he said. Low inventory, high prices The current market presents a unique challenge to agents, buyers and sellers, title agents and anyone involved in real estate, said Shelby Buehler, an agent with The Buehler Group in Flower Mound. In a “normal” market, the high interest rates buyers and sellers are currently experiencing would trans- late into lower-priced homes for sale, Buehler said. But the market is currently stuck in a negative cycle: Home prices are high, meaning sellers have to charge higher prices in order to be able to afford a new home once they sell—only the allure of low interest rates isn’t available to buyers, either. In Flower Mound, Highland Vil- lage and Argyle, the median price of homes for sale in May were $600,000, $625,000 and $590,000, respectively. That’s lower than the high-priced market of 2022—in May 2022, median home prices in Flower Mound, Highland Village and Argyle hovered between $700,000 and $800,000—but there are fewer would-be buyers in 2023 to justify those prices, Buehler said. “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 her agency is encour- aging 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. “Better to just start with a lower asking price at this point.” There also aren’t as many homes

on the market to choose from, as sellers are having second thoughts about putting their homes up for sale. It’s a triple-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 afford 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 buying a dif- ferent home.” ‘A bad time for the market’ The Buehler Group generally dis- suades its clients from putting a home on the market during a holi- day weekend, such as Memorial Day. But inevitably, a client or two will make the decision to oficially 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 beginning of 2023, a home on the market for nearly two weeks any- where in the Dallas-Fort Worth area would be inundated with offers, Buehler said. The state of home buy- ing and selling is drastically differ- ent now, she said. “People are being more careful with their money in general right now,” Buehler said. “Inflation is bad, it’s [almost a presidential] elec- tion year which means there’s a lot of wait-and-see before wanting to

$200K $100K 0 $300K $400K $500K $600K $700K $800K

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SOURCE: COLLIN COUNTY REALTORS ASSOCIATIONCOMMUNITY IMPACT

Days on the market Homes in Flower Mound, Highland Village and Argyle spent more days on the market in 2022 and 2023 than in the previous three years as a result of increasing interest rates. Argyle Flower Mound Highland Village

100

29 27 28

Jan. 2023

Jan. 2021

Jan. 2022

SOURCE: COLLIN COUNTY REALTORS ASSOCIATIONCOMMUNITY IMPACT

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* Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are registered with the Depository Trust Corp. (DTC). * Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are * Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are registered with the Depository Trust Corp. (DTC). FDI-1867L-A © 2022 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. AECSPAD

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move, and just generally 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 separa- tion 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 in Allen, said relief is on the horizon—in 2024. National legislatures are currently proposing bills that would “signi- cantly lower” property taxes, Boggs said, which if passed would decrease monthly house payments for buy- ers around the rst quarter of 2024, Boggs said. “This could spur a resurgence in rst-time homebuyers,” Boggs said. “Also most mortgage lenders oer down payment assistance programs, so if the buyer [is able to] qualify for monthly house payments but are short on [the initial] down payment, these programs can help oset those initial costs.” The Federal National Mortgage Association, or Fannie Mae, reported in May that interest rates could begin

Raising rates Interest rates on homes have risen every year in the United States since 2020. In Flower Mound, Highland Village and Argyle, specically, interest rates are currently between 6%-7%. JUNE 2021 Average national rate around 3% JUNE 2022 Average national rate around 6% JUNE 2023 Average national rate is nearly 7%

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SOURCE: SUPREME LENDING COMMUNITY IMPACT

to decline toward the end of 2023 and into the rst quarter of 2024. But don’t expect a return to the days of 3% and 4% rates right away, Buehler said. However, Rybowicz said he expects the Dallas-Fort Worth mar- ket—and Flower Mound, Highland Village and Argyle—should return to being busy even if a small rate decrease occurs. “I think as soon as [rates] go down a bit it’ll be back to crazy town again [with buyers and sellers],” he said. “Albeit, never quite like peak pan- demic times.”

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For more information, visit communityimpact.com .

FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023

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