We are starting to see an increase in activity in the Flower Mound real estate market. More listings, more sales on the residential side and more leases on the commercial side. Loans are still hard to come by and take longer to process, but we are seeing more activity and that’s a great start to pulling out of this recession, at least in our local market.
Rates are still low and so it is a good time to buy, especially is you are a first time buyer. See my previous post for info specifically on that program.
It’s a great time to lease if you are in the retail business. Landlords are more willing to work deals now tha never before. Whether the building you are in or any other building. Now’s the time to negotiate or move to space that fits your shrinking or expanding business.
As an example, Beth Marie’s Old Fashioned Ice Cream just opened in our new development, The Market Square at Unicorn Lake. They’ve been on the Square in Denton forever and decided it was time to open a 2nd location. 2,000 customers their first 5 hours of business! They’ve been averaging 700-800 per day since. The aggressive companies are expanding now to take advantage of the rebound that is coming. Those who wait, will find they’ve missed the uptick!
- Beth Marie’s Ice Cream at Unicorn Lake, Denton