Waiting for rates to improve could be a costly mistake. When single family residential homes are in high demand and inventory is low, and there are more buyers than houses for sale, as soon as the market corrects and rates improve, there will potentially be more buyers with fewer houses to bid on, and may be offering to pay more than list price. The seller's goal is to get as much money as they can. That is what typically happens during a Seller's Market. If you're goal is to buy before the end of the year, now is the time to buy!
Home prices continue to rise. Ten hottest markets are listed below:
- Dallas-Fort Worth
- Lake Highlands in Dallas
- Frisco
- Dallas 75220
- Lake Dallas
- Southlake
- Plano
- *Flower Mound
- Denton
- Grapevine
*Number of homes sold in Flower Mound:
- September 2024: Down 3.4% for Zip Code 75022
- Down 6.02% for September sales for Zip Code 75028.
- Medium home sales prices Up for 75022, $837,500
- Medium home sales prices Down for 75028, $510,000.
- Average days on market for September 75022 Up +2.2%
- Average days on market for September 75028 Down -17.14%
School News
Lewisville ISD faces campus retirements with budget shortfall, declining enrollment for 2024-2025 school year.
Flower Mound OKs legislative priorities ahead of the 89th Texas Legislature in January. The Town Council approved legislative priorities during its October 7 meeting, which includes:
- Protecting community character.
- Preserving individual property rights and privacy.
- Enhancing financial stewardship and flexibility.
Construction starts on Flower Mound Park. Construction begins on Peters Colony Memorial Park later this month on the undeveloped 3.3 acre park at 3201 Peters Colony Road, just west of the Flower Mound Public Library. Expected completion is in Fall of 2025. It will include the following:
- Veterans' Memorial, free standing memorial elements.
- A water feature.
- Native landscaping.
- Playground equipment.
- Nature trails and pedestrian pathways.
- Trails will lead to the Flower Mound Library.
Funding includes a $750,000 grant from Texas Parks & Wildlife Department. It will also be funded by one of the town's tax increment reinvestment zones with a budget of $3.36 million according to the town's website.
On the bright side, a Gift of Lights aims to spread holiday cheer in North Texas. Approximately 2 million holiday lights will be displayed for Gift of Lights at Fort Worth Texas Motor Speedway, where DFW FINE PROPERTIES is located. The drive-thru light show runs from November 23 through January 7, 2025. Attendees pay by car. An expected 20,000 cars, which averages about 100,000 people will be able to view the show. A portion of proceeds goes to Speedway Children's Charities. People will see approximately 25 unique displays. The drive should take about 25 minutes. Displays may be from 45 feet tall down to 4 or 5 feet tall.
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The Flower Mound Rotary Club's 6th annual Reindeer Run 5K and Grinch Spring run for kids in partnership with The Town of Flower Mound Christmas celebration is planned for Saturday, December 7th beginning at 9AM.
- Run through sloping trails of Heritage & Bakersfield Parks
- Participants receive Medal & T-Shirt
- Awards given to 1st - 3rd Place in each age group
- Cash prizes awarded to top 3 male and female finishers
- Photos with Santa & The Grinch
- Coffee, Hot Chocolate, Pancakes & Cookies
Visit: FlowerMoundRotary.org.
Wednesday, December 4, 2024, 5:30 - 8:30 - Flower Mound Lakeside Village presents an extraordinary Holiday Event with a 30' Christmas Tree Lighting at 7:30 p.m., Horse Drawn Carriages, Trackless Toy Train, Snow Hills, Ice Skating, Caricature Artists, Bounce Houses, Photos with Santa. Performances by Lakeside Music Series. Location: 2412 Lakeside Pkwy Flower Mound.
Highland Village - the Highland Village Women's Club will host a holiday event featuring a 35-foot Christmas Tree and light show which includes 150,000 tree lights on November 23, 5:30 p.m. Admission is free.
Visit: www.highlandvillage.org.
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