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Mar
02
Fortune 500 company HQ to open, local market update, & a little luck of the Irish




































































































Hello March! Spring Break and Saint Patrick's Day are upon us. It's a beautiful season of the year and a time for fresh starts and new beginnings. It is also when most home selling activity begins and we at KL Team are ready! Wishin' you a wee bit of fun and a lot 'o' luck this month!










































































Frisco City Council's Top 10 Priorities 2023







































  • Master Planning of Grand Park



  • Performing Arts Center



  • Frisco Reinvestment - Assets



  • World Cup 2026



  • Trail Connectivity & Parks Activation



  • Tourism & Entertainment



  • Downtown Frisco 2040 Vision



  • PGA



  • Frisco Roads & Infrastructure



  • Community Engagement




*Source: Mayor - 2023 Group One Frisco Economic Forecast






































A Banner Year in 2022: City of Frisco









































Last month, the KL Team attended Group One's 2023 Frisco Economic Forecast at the Stonebriar Country Club. The Mayor gave an update on business and economic development in Frisco and announced that Frisco welcomed 16 new corporate brands in 2022.



These 16 projects are expected to generate more than 5,600 Frisco-based jobs over the next several years




One of the biggest projects announced in 2022 includes Fortune 500 company, Teachers Insurance and Annuity Association (TIAA), which is opening a regional headquarters in Frisco. TIAA’s new 15-story office tower, currently under construction near The Star in Frisco, is still the largest real-estate deal to close post-pandemic in the Dallas-Fort Worth market. TIAA alone plans to bring over 2,600 jobs to Frisco, and eventually will be the city’s largest employer. Frisco also had three out-of-state headquarter relocations.




Other major projects include headquarter relocations from ExteNet Systems coming from Chicago, and Boingo and Ruiz Foods coming from California, and McAfee’s regional headquarters expansion at The Star (announced in January 2023). Toshiba Global Commerce Solutions also announced the opening of an Innovation & Incubation Hub in Frisco in September 2022 and Comerica Bank has announced plans to build a business and innovation hub in Frisco in 2023. Frisco is now home to five Fortune 500 corporate innovation and research and development centers.




*Source: Mayor- 2023 Group One Frisco Economic Forecast
















































HAVE SOME FUN ON ST. PAT'S DAY!
























































42nd Dallas Mavs St. Patrick’s Parade and Festival




Dallas will bring back its huge parade and festival on March 11.















































McKinney has St. Patrick’s Day Festivities planned for March 11 including the Shamrock Run 5k at TUPP’s Brewery. and a Beer Walk in Historic Downtown McKinney.
























There’s something fun at both events for everyone: outdoor vendor market, costume contests, a St. Patrick’s Day photo booth, and more.

























































Legacy Hall’s St. Patrick’s Weekend Partyon March 17. Get lucky at Legacy Hall with endless GREEN BEER at over 5 bars, Irish whiskey, and a sham-rockin good music lineup! FREE until 6:30pm after which the Box Garden becomes a ticketed area for the Prince tribute concert.



















































































What is the housing market like in Collin County today?






































2022 was a crazy year in real estate! We saw home prices drastically surge during the first half of the year before interest rates started rising which kept many buyers at bay. We are seeing activity picking back up, even some multiple offers on hot properties!




Collin County home prices were still up 8.6% compared to last year, selling for a median price of $505K. On average, homes in Collin County sell after 38 days on the market compared to 7 days last year. There were 764 homes sold in January this year, down from 930 last year. The current inventory is still very low with only a 1.9 month's supply (6 month's supply is considered a balanced market).




Although the median price of a home in Collin County has decreased from the recent peak of $575,535 in May, prices rebounded +3% in January from December's low of $490,000.




With a thriving local economy and multiple corporate relocations, we expect prospects for the Collin County housing market to remain strong!










































Collin County



$505,000 Median Sales Price



+8.6% 2022 Sales Price Appreciation



Average Days on the Market - 38



January 2022 - January 2023




*Source: North Texas Real Estate



Information System (NTREIS)
























Entire NTREIS MLS



$352,000 Median Sales Price



+3.5% 2022 Sales Price Appreciation



January 2022 - January 2023






































Collin County among the State's Wealthiest - And Growing Fast.










































  • "Real" median household income (inflation adjusted) in Texas has risen 12.5% from 2013 to 2023



  • Collin County stands taller than the rest when it comes to earning potential of its residents



  • Collin County has more than doubled in size since 2000 - from less than 500,000 to well over 1,000,000



  • More than 70% of the county is active in the labor force, well above the U.S. average of 62%



  • More than half of Collin County residents have bachelor's degrees.



  • Collin County homes sales prices increased again from the end of 2022 into the start of 2023




The strong job market in the nearby metropolitan areas is a driving force for the area's income and growth. With that intense demand comes a surge in housing pricing, too. That doesn't appear to be deterring any new residents, however. Homes sales prices increased again from the end of 2022 into the start of 2023, and population projections continue to show the area growing at an astonishing rate. While Collin County has a lot to offer its residents, it looks like new buyers will have a lot of competition for some time to come.




*Source: US Census










































































Is it too soon to plant your garden?










































Itching to Play in Your Garden?





The weather has been spring like for the last few weeks and even some of the trees are budding out. Is it safe to head back to your favorite nursery and stock up on Geraniums and Petunias?




Maybe yes, maybe no. Our area is located in Zone 8 and the average last frost is between February 22 and March 30 but is generally somewhere around March 12-20th depending on where you live in the DFW area.




You can go ahead and take your chances, but if you do, have some frost cloth on hand just in case.
















































Did You Know There are Plant Hardiness Zones?




When selecting new plants for your garden and beds, always refer to the Plant Hardiness zone on the label. Our area is in Zone 8a which has an average annual extreme minimum temperature of 10-15 degrees.*



If you select a plant with a zone hardiness of 8b or higher, chances are it won't make it long here.




*There are exceptions to this rule...like February, 2021, when it dropped below zero.



There were a lot of new landscaping opportunities after that freeze!















































































5202 FM 2862 | Anna, TX 75409





$700,000 | 1,788 SQFT | 3 Beds | 2 Baths | 16.46 Acres





Beautiful 16.461-acre property located in the rapidly growing community of Anna. Majestic Crepe Myrtles line the driveway leading to the 3 bedrooms and 2 bath home surrounded by mature trees. The house is in need of extensive updating and is being sold as-is. Most of the value is in the land. The existing home on property could be renovated or would make a great guest house if you choose to build. The land is gated, fenced and cross fenced with a small pond and a tree-lined creek which borders the property to the East. The large shop with electricity and a roll up door also has 4 stalls and can be easily used as a barn, if desired. Mineral rights, if any, convey. Located in Anna ISD and only 3 miles to Rosamond-Shirley Elementary.





















































































































"Overall, Kaitlin Lovern is an exceptional realtor who is dedicated to helping her clients find their dream homes. Her professionalism, knowledge, and expertise make her an excellent choice for anyone looking to buy or sell property in Frisco, TX. We highly recommend Kaitlin to anyone looking for a realtor in the area. She truly deserves a 5-star rating for her outstanding service and expertise."



In conclusion, Kaitlin Lovern is an outstanding realtor who truly goes above and beyond for her clients. Her commitment to finding the perfect home and providing exceptional service make her a top choice for anyone looking to buy or sell property in Frisco, TX."




- Melissa Smith





















"I recently had the pleasure of working with Kaitlin Lovern Team, and I couldn't be more impressed with their professionalism and expertise. From start to finish, they made the home buying process seamless and stress-free. Their in-depth knowledge of the local market, attention to detail, and exceptional communication skills made all the difference. I highly recommend Kaitlin Lovern to anyone looking for a top-notch realtor in Frisco,TX who truly cares about their clients' needs. Five stars, hands down."




- Kody Perry























































P.S. We are never too busy for your referrals of friends and family. Our team only works by referral so that we can work with people just like YOU! If you have friends that might like this newsletter, you can share it with them and have them subscribe to "At Home with Kaitlin" by emailing klteam@kaitlinlovern.com.










Posted on 03/02/2023 at 10:02 AM

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