Candlelight Ridge

Boulder Valley Economic Snapshot - April '11

2011-04-06T16:41:00.000-07:00

Real estate markets are normally evaluated based on three factors: past history, current conditions and future thinking. Past history is used by appraisers and Realtors to establish a sense of value. How much have properties sold for in a specific geographic area to establish value for a single entity i.e. a single-family home, attached unit, investment property, parcel of land, commercial building, etc. Current conditions provide insights into where the real estate market might be heading. Are there more properties for sale than there are buyers? i.e. a buyer’s market. Is the inventory of available properties less than the number of prospective buyers? i.e. a seller’s market. Are there a relatively equal number of buyers and sellers in the marketplace? i.e. a balanced market. Finally, what does the future look like for the local, regional and national real estate markets? Economists attempt to reach-out into the still unknown and spin their opinions based on two factors: past history and current conditions. This is what happened. This is what is happening. Therefore, this is what will happen. There are many people with “crystal balls” out there.

No “crystal balls” here; just some observations. The Boulder Valley real estate market continues to languish. Although area homes have not experienced dramatic downward shifts in value (think Arizona, Florida and California), overall sales have continued to slide. For the first quarter of 2011, single-family sales are down 8% and attached unit sales are down 26% when compared to the first quarter of 2010. Please note this isn’t an “apples to apples” comparison. For those of us still retaining a few active brain cells, the first quarter of 2010 had the gift of the government’s Federal First-Time Homebuyer Tax Credit Program. No such gift is available this time around. An even more dramatic comparison exists when one looks at sales figures for 2005; the year Boulder Valley sales activity peaked. For the first quarter of 2011, sales would be down 47% for single-family homes and 36% for attached units when compared to the first quarter of 2005. It will take many buyers and many sellers to reach that level of activity again.

Click here for some sold numbers for single-family homes for various geographic areas throughout the Boulder Valley. Information is courtesy of IRES (the Northern Colorado MLS).

RE/MAX Alliance Launches A New Exclusive Consumer Driven Digital Magazine!

2011-01-19T08:41:00.001-08:00

RE/MAX Alliance has launched their new exclusive online digital magazine, the Economic Outlook. The digital magazine was distributed to over 800 RE/MAX Alliance agents, managers and staff across the Front Range on Tuesday January 18th.

The digital magazine includes a monthly overview of what is taking place in the various real estate markets across the Front Range…from Castle Rock to Evergreen to the Boulder Valley to Northern Colorado. Included is also a wide-range of useful information tailored to provide consumers insights into the current state of the mortgage industry, how-to features, home tips, a kid’s page and more!

The magazine is similar to a traditional print magazine, but it is more flexible and environmentally conscious since it’s online and digital.

The Economic Outlook distributes monthly and is a FREE publication for consumers. To learn more about the RE/MAX Alliance digital magazine, please visit www.homesincolorado.com/economicoutlook. If you are interested in receiving January’s issue and future issues, you can do so by going to www.facebook.com/remaxalliance and click on the digital magazine tab to be included on the distribution list.

Click here for a direct link to the Candlelight Ridge ad in the magazine.

New Homes at Candlelight Ridge

2011-01-06T06:57:00.000-08:00

Are you considering building a new home, but you crave picturesque mountain views and a generous sized lot? Then Candlelight Ridge, on the western most corridor of the Town of Erie, is the perfect fit.

Candlelight Ridge sits atop a gently rolling mesa, providing spectacular views of the snow capped mountain peaks. Home sites are generously sized, which affords plenty of space for landscaping, letting the kids roam or simply kicking-back and relishing the views. Walking and biking trails and a neighborhood park are easily accessible. The newer Erie Community Center, Library and Community Park are only a mile down the road.

Remington Homes has recently introduced their single family and estate series of ranch-style and two-story homes at Candlelight Ridge. Home values are projected to start in the high $400’s. There is a variety of spacious ranch style designs available. Two-story homes, with a minimum of four bedrooms, offer a mixture of floor plan options. Building sites provide some walk-out basement options and cul-de-sac locations.

Remington Home’s standard features include oak hardwood floors, Master Craft cabinetry, stainless appliances, and decorator lighting packages. Personal consultation with a professional decorator is available for finish upgrades and changes. Remington Homes provides a six-year structural limited warranty program on their homes.

Candlelight Ridge is located in Boulder County and the Boulder Valley School District. It is a covenant controlled community. Architectural Control Committee review of all building plans is required to insure view corridors are protected and each home meets the quality standards of the subdivision.

Additional information is available at www.candlelightridge.com or by contacting Dan Johnson at RE/MAX Alliance: 720.313.5370 or dljohnson7@gmail.com.

Boulder Valley Economic Snapshot - December '10

2010-12-10T07:42:00.001-08:00

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.
Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

The pace of a real estate market isn’t defined by the human element, though. Statistics rule here. How many homes have sold this week, this month, and this year? How does that compare with last year or the year before that? Are home values going up or down? How many homes are on the market for sale? All questions requiring statistical answers.
Here are some area statistics compliments of IRES (Northern Colorado MLS). The year 2005 is used as a benchmark, since that has been the most active year for sales activity for the past six years throughout Northern Colorado.

Boulder County: In 2005, there were 4,193 single family homes sold. For 2010, there will be approximately 2,560. That equates to about a 39% drop in the number of sales.

Boulder County: In 2005, there were 1,602 attached units sold. For 2010, there will be approximately 1,030. That equates to about a 36% drop in the number of sales.

Northern Colorado: Through November/2005 there were 26,239 New Listings. Through November/2010 there were 19,724 New Listings. That equates to about a 25% drop in the number of New Listings.

Northern Colorado: Through November/2005, the Medium Sales Price was approximately $237,500; Average Sales Price was approximately $296,521. Through November/2010, the Medium Sales Price was approximately $230,000; Average Sales Price was approximately $286,704.

Statistics can be confusing at times. They can also be manipulated to represent a specific position. If looked at solely from the perspective of what the numbers are, they don’t lie. So, what do the numbers above tell us?

• Sales are down noticeably from 2005. They have trended down every year since 2005 for Boulder County, but the numbers for 2010 will be equal to or slightly above 2009 sales figures.

• The number of active listings has dropped off significantly since 2005. Sellers have decided to (a) stay where they are and not move; (b) wait for the market to improve and then move; or (c) rented their home and moved.

• Real estate market values have not improved since 2005. In actuality, they have dropped slightly overall. The upper end of the market i.e. over $600,000 has experienced the greatest negative impact from the economy. The lower end of the market has sustained itself.

• Finally, the Boulder County single family Absorption Rate for 2005 was 7.5 months. Through November/2010 the Absorption Rate is 7.06 months.

Click here for a downloadable PDF.

Remington Homes of Colorado Virtual Tours

2010-11-24T13:32:00.000-08:00

Take a sneak peak at three model plans Remington Homes of Colorado has to offer.

Model 305

http://v1.obeo.com/public/viewer/unbranded.aspx?ID=611698

Model 306

http://v1.obeo.com/Public/Viewer/Unbranded.aspx?ID=490523

Model 403

http://remingtoncolorado.com/vtours/403.htm

Remington Homes of Colorado

2010-11-20T07:34:00.000-08:00

Remington Homes of Colorado is proud to announce the marketing of their beautiful ranch-style and two story homes at Candlelight Ridge. Candlelight Ridge is located on the western most mountain corridor of the Town of Erie; atop a gently rolling mesa, providing spectacular views of the Colorado Front Range.

Home sites at Candlelight Ridge are generously sized, which affords plenty of space for landscaping, letting the kids roam or kicking back and enjoying the views. Building sites average 16,000 to 18,000 square feet in size, with several of the lots having walk-out basements. The community provides a neighborhood park, biking and jogging trails. A new Community Center, library and recreational facility are located approximately one mile east of the subdivision. Area shopping, public transportation, restaurants, etc. are readily available. Candlelight Ridge is situated in Boulder County and is in the Boulder Valley School District.

Remington Homes of Colorado at Candlelight Ridge will feature a variety of ranch-style designs, with 2,400 to 3,000 square feet finished on the main level plus unfinished basements. Two-story layouts will have 3,000 to 4,000 finished square feet and unfinished basements. Features include oak hardwood floors, stainless appliances, high efficiency furnaces, minimum three-car garages, etc. Personalized selections and custom changes are available. Home values are from the high $400,000’s and up.

For more information, contact Dan Johnson at RE/MAX Alliance at 720.313.5370 or dljohnson7@gmail.com for floor plans, elevations, lot availability, pricing, features, etc. Follow Candlelight Ridge on facebook and at www.candlelightridge.com.

347 Irwin Place | $499,550

2010-11-18T09:52:00.001-08:00

Next to Community Park!

Remington Homes of Colorado, Inc. presents this beautifully designed ranch-style home bordering community park. Spacious Great Room off the entry features vaulted ceilings, gas fireplace and stone-faced entertainment center. Open kitchen with nook, center island, raised panel oak cabinetry, oak hardwood floors, ceramic tile countertops and stainless appliances. Master Suite features a five-piece luxury bath and a spacious walk-in closet. Balance of the main level has a formal dining room, study, 1/2 bath, an additional bedroom with a private bath and the laundry room. Builder option for a third bedroom is available. Partial basement with basement wall insulation blanket. Three car garage with storage space. Courtyard entry; rear patio. Personalized selections available at the design center. Close to Community Center and library. Boulder Valley Schools; Boulder County. Click here for brochure.

2325 Shortridge Court | $523,625

2010-11-18T09:49:00.000-08:00

Beautiful Mountain Views!

Remington Homes of Colorado, Inc. presents this beautifully designed stone & stucco ranch-style home with mountain views. Spacious Great Room off the entry features vaulted ceilings, gas fireplace and stone-faced entertainment center. Open kitchen with nook, center island, raised panel oak cabinetry, oak hardwood floors, ceramic tile countertops and stainless appliances. Master Suite features a five-piece luxury bath and a spacious walk-in closet. Balance of the main level has a formal dining room, study, 1/2 bath, an additional bedroom with a private bath and the laundry room. Builder option for a third bedroom is available. Partial basement with basement wall insulation blanket. Three car garage with storage space. Courtyard entry; rear patio. Personalized selections available at the design center. Close to Community Center and library. Boulder Valley Schools; Boulder County. Click here for brochure.

2414 Marshall Court | $547,350

2010-11-18T09:46:00.000-08:00

Neighborhood Park & Bike Trails!

Remington Homes of Colorado, Inc. presents this beautifully designed two-story home on cul-de-sac. Formal living room and dining room. Main level study, laundry & 1/2 bath. Family room features gas fireplace & stone-faced entertainment center. Open kitchen with nook, center island, raised panel oak cabinetry, oak hardwood floors, ceramic tile countertops and stainless appliances. Master Suite features a five-piece luxury bath & a spacious walk-in closet. Upper level also has three secondary bedrooms, two full baths & overlook to family room. Partial basement with basement wall insulation blanket. Three car garage with storage space. Additional upper level floor plans available to select from. Personalized selections available at the design center. Close to Community Center and library; neighborhood park; bike trails. Boulder Valley Schools; Boulder County. Click here for brochure.

Boulder Valley Economic Snapshot - November '10

2010-11-18T09:39:00.000-08:00

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

That’s where the real estate market and economy are today; in a clean-up mode. Cleaning-up a financial market not fraught with rock slides, etc., but with fraudulent business practices, greed and stupidity. Many people have suffered. Others have prospered. There is always money to be made in difficult times.

The Federal Reserve has attempted to expedite the clean-up by pumping a gazillion dollars (that’s a lot) into the economy. All that is left for them to do now is to start giving money away. I would surmise the “free money” line would be slightly longer than the current unemployment line.

After the clean-up has occurred, life isn’t the same. Things have changed. People’s perceptions have changed. They have become more astute, more aware and more conscious of the circumstances of their lives. They are more analytical and patient. A knee-jerk reaction is no longer their immediate response. They attempt to think things through more clearly before they make a decision, be it to buy a home, buy a new car or even where to eat dinner.

In many ways, that is how the Boulder Valley real estate market has evolved. It is a collective group of buyers and sellers attempting to make wise decisions. Is this the best time to sell my home? Is this the best time to buy a home? Will mortgage interest rates continue to improve or will they “trend” up? These are all legitimate questions.

The Boulder County real estate market for 2010 appears it will have a similar number of sold listings as compared to 2009; single family home sales should be UP about 4%, but attached unit sales will be off around 8%. The net result is a wash.

For October/2010, the number of active listings was down about 9% from September figures. The 2010 year-to-date Absorption Rate for single family homes dropped from 270 days at the end of September to 249 days at the end of October. Single family homes priced from $300,000 to $500,000 are now selling the quickest; averaging 176 days.

As we enter the fall i.e. Indian summer and the winter, real estate activity typically begins to wane. As we have already seen, sellers decide to take their home off the market for the holiday season and regroup next spring. Buyers continue to look for bargains, but they have one foot in a hibernation mode.

There are some positives to consider in the road ahead for the Boulder County real estate market. Although the number of sales for 2010 will be comparable to 2009, it is the first time since 2006 that annual sales have not gone down. It is possible the real estate market has reached a plateau; the final clean-up is in sight. That’s not to say there still aren’t some rock slides or snow storms (maybe) out there waiting to wreak havoc, but the dark days appear to be less frequent as the national and local economies regain their footing.

Click here for a downloadable PDF.

246 Meadow View Parkway | $587,050

2010-11-18T09:30:00.000-08:00

Backs to Open Space!

Remington Homes of Colorado, Inc. presents this beautifully designed stone & stucco two-story home with mountain views. Formal dining room. Main level study & 1/2 bath. Great Room features gas fireplace & stone-faced entertainment center. Open kitchen with nook, pantry, raised panel oak cabinetry, oak hardwood floors, ceramic tile countertops and stainless appliances. Master Suite features a five-piece luxury bath & a spacious walk-in closet. Upper level also has three secondary bedrooms, two full baths, kids tech area & laundry. Partial basement with basement wall insulation blanket. Three car garage with storage space. Additional main level floor plan available with Guest Suite. Personalized selections available at the design center. Close to Community Center and library; neighborhood park; bike trails. Boulder Valley Schools; Boulder County. Click here for brochure.

297 Meadow View Parkway | $612,550

2010-11-18T09:23:00.000-08:00

Backs to Open Space!

Remington Homes of Colorado, Inc. presents this gorgeous ranch-style home backing to community open space. Beautiful rotunda entry leads to Great Room with vaulted ceiling & gas fireplace; formal dining room, warm and inviting hearth room, plus study. Kitchen features nook, raised panel oak cabinetry, oak hardwood floors, ceramic tile countertops and stainless appliances. Sumptuous Master Suite with five-piece luxury bath; two secondary bedrooms; full and half baths. Partial walk-out basement with wall insulation blanket. Private entry courtyard with an optional outdoor fireplace. Three car garage with storage space; option for fourth car garage. Personalized selections available at the design center. Near Town of Erie Community Center and library; neighborhood park; bike trails. Boulder Valley Schools. Boulder County. Click here for brochure.

2300 Block Court | $624,950

2010-11-18T09:17:00.000-08:00

Beautiful Mountain Views!

Remington Homes of Colorado, Inc. presents this Fabulous two-story home on a cul-de-sac. Four bedrooms, teen suite and a private kid’s common area. Laundry room on the second floor. Two private studies for his and her; option for a mother-in-law suite. Great Room with gas fireplace; hearth room; formal dining room. Kitchen features nook, raised panel oak cabinetry, oak hardwood floors, ceramic tile countertops and stainless appliances. Master Suite with luxury five-piece bath. Partial walk-out basement with wall insulation blanket. Split three-car garage with storage space; option for fourth car garage. Personalized selections available at the design center. Near Town of Erie Community Center and library; neighborhood park; bike trails. Boulder Valley Schools. Boulder County. Click here for brochure.

Enjoy Everything Candlelight Ridge Has to Offer.

2010-11-18T09:06:00.000-08:00

Located on the western most mountain view corridor in the Town of Erie, Candlelight Ridge sits atop a gently rolling mesa, providing spectacular views of the Colorado Front Range.

Home sites are generously sized, which affords plenty of space for landscaping, letting the kids roam or just kicking back and relishing the views.

There are ninety-four building sites within the subdivision, averaging 16,000 to 18,000 square feet in size. Walk-out basements are available on a number of the lots.

Candlelight Ridge is a covenant controlled community, overseen by the Homeowner’s Association (HOA) and the Architectural Control Committee (ARC). Architectural review is done on each building plan to insure view corridors are protected, as much as possible, and that each home fits within the quality standards of the community.

The Town of Erie Community Center, library and recreational facilities are approximately one mile east of Candlelight Ridge on Erie Parkway. Within fifteen minutes of the subdivision are the YMCA and Indian Peaks Golf Course in Lafayette. Area shopping, public transportation, restaurants, etc. are readily available. Candlelight Ridge is situated with excellent access throughout the Boulder Valley and to the Denver Metro area.

Boulder Valley Economic Snapshot - October '10

2010-11-18T09:01:00.000-08:00

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program. The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent. Home mortgage interest rates have fallen to the lowest level in more than fifty years. Now, members of the banking industry are taking a sabbatical by not foreclosing on homes. All of these factors were/are designed to stabilize and stimulate the housing industry. Despite all these efforts, the housing market continues to quietly drift along.

There have been spurts of activity. The Boulder Valley real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for both single family homes (+36%) and attached units (+34.5%). But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010. Through September/2010, single family home sales are UP 13.5% Y.T.D. compared to Y.T.D. 2009; and are comparable for attached units. Thus, the Boulder Valley real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself. A healthy real estate market is thought to be around six months of available inventory. That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell. The “absorption rate” for the Boulder Valley real estate market has vacillated between nine and ten months for most of 2010. Through September/2010, the absorption rate stands at 270 days; nearly nine months. As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle.

The question now becomes, “What’s next?” What magic elixir can the Federal Government and banking community pull out of their proverbial hat? The answer isn’t putting more lipstick on the pig, because you still have a pig. The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry. That word is “jobs”. Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow. Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes in a number of the Boulder Valley areas through September/2010. Thanks to IRES, the Northern Colorado MLS, for all their magic numbers.

Click here for a downloadable PDF.

Subdivision Plat Map

2009-10-29T11:25:00.001-07:00

Builder Profiles

2009-10-27T20:56:00.000-07:00

~ Sopris Development
Ask the owner of a Sopris Development luxury home why they are a happy client and they’ll tell you about the efficient design and building process, superior quality and functionality within their budget, and outstanding customer service. Sopris’ design and building processes make sure you get a functional floor plan that incorporates the features you want and will use.

Sopris’ professionals make it easy to select custom choices for your new home. High-quality standard features and an array of upgrades allow you to truly customize your dream home.

You’ll know exactly what to expect. Sopris leads the way in providing comprehensive documentation, engineering and inspections, and strong relationships with vendors and subcontractors help you meet move-in deadlines.

You’ll get definable quality because Sopris is a Built Green™ and U.S. DOE Energy Star™ registered builder. Sopris homes carry comfort and energy usage guarantees ensuring consistent and economical heating and cooling. All Sopris homes are covered by a 10-year limited warranty.

Sopris Homes has won a number of the Homebuilder Association of Metro Denver's annual Raising the Bar Awards, including the 2007 Detached Home of the Year award, the 2009 Best Custom Home between 4,000 and 5,500 sq. ft. award and the 2009 Urban Infill Home of the Year award.

You’ll be satisfied. Sopris believes homes that are 100% complete at the time of delivery and responsive warranty follow-up are vital elements in maintaining good customer relations.

John Stevens - Owner/Builder
www.soprishomes.com
j.stevens@soprisdevelopment.com
Voice: 303.530.2306
Cell: 303.210.3333
Fax: 303.527.0001

~ Meadow View Custom Homes, LLC
Meadow View Custom Homes, LLC is a second-generation family building company with over sixty years of building experience, specializing in the building of luxury homes throughout the Boulder Valley.

Meadow View Custom Homes’ corporate philosophy is one of commitment to quality and value in the custom/luxury housing market. It is their firm belief that they must provide every homeowner with a well designed, well built, attractive home at a price that represents a good value in the marketplace, followed-up with superior customer service during and after the sale. Each individual member of the Meadow View Custom Homes’ team, and their countless quality subcontractors and suppliers, implement this commitment to quality and value throughout their operation.

Being established in the custom/luxury market, they have the knowledge, people and systems in place to make the building experience satisfying and a pleasant one. They are proud of their unique “sketch plan at no cost” program. Together, they design an initial plan for the buyer’s new home, help with parameter selections and create a budget. All of this work is done efficiently and is done at no cost or obligation. Their ability to give plan direction and pricing at an early stage has proven to be most helpful with their past clients.

Dave Howard - Owner/Builder
dgh1355@aol.com
Office: 303.664.1363
Cell: 720.641.4214
Fax: 303.926.0443

~ West Brothers Custom Homes
The mission of West Brothers Custom Homes is to provide Old World quality and professionalism coupled with New World technology and craftsmanship, while building each home with the integrity and pride of their family name. West Brothers Custom Homes has won numerous awards in recent years through the Home Builder’s Association, including two First Place People’s Choice Awards.

The company has over fifty years of combined construction experience in the Denver and Boulder Valley area housing market, having built custom homes in many different communities as well as price ranges. The company goal is to be recognized as the best Custom Home Builder in the nation.

Mike West - Owner/Builder
westbroshomes@aol.com
Office: 303.422.7890
Cell: 303.229.5894
Fax: 303.422.1714

Trailridge Construction began operation in 1999 with a unique approach to building custom homes. Jon Kleppe founded Trailridge Construction with the enthusiastic vision to create homes with incredible design, interesting architecture, high quality and attention to detail. Combining this focus has born the tagline … designs for life.

Jon Kleppe is self-taught in his style. His Midwestern influence provides for an interesting use of woods and architectural detail, both inside and out. Jon understands that listening and performing are the key features to Trailridge Construction's success. He uncovers client’s lifestyles in an effort to design a floor plan which will exceed their expectations. Jon’s individual interchange with Trailridge Construction's customers provides for a unique client experience.

Jon Kleppe - Owner/Builder
www.trailridgeconstruction.com
jon@trailridgeconstruction.com
Cell: 303.246.8740

~ RT Homes, Inc.
RT Homes, Inc. is a family owned and operated company. As a third generation builder, pride and commitment to quality come built into each individual home. From design to products to colors, RT Homes, Inc. believes that detail matters.

It is their goal to give each home a functional design, built to their high standards, that are both aesthetically pleasing and a good value. RT Homes, Inc. maintains long term relationships with all their vendors and suppliers. They team with only what they consider to be the best vendors and suppliers, and those whose goal and commitment are mirrored to that of RT Homes, Inc.

RT Homes, Inc. uses what they believe are the highest quality of standard features in their homes. In addition, they will provide the homeowner with a wide variety of upgrade choices to help bring colors and tastes to their new home.

As with any good partnership, communication is the key. RT Homes, Inc. has expert administrative and field staff, to keep-up with all vendors, suppliers and homeowner requests. Making it an enjoyable experience for all who are involved … from beginning to end.

Ross Anderson - Owner/Builder
ross.anderson@sbsconst.com
Office: 303.665.7710
Cell: 303.888.7279
Fax: 303.665.7742

~ Moore-Oakes Construction
The corporate philosophy of Moore-Oakes Construction is to build the best homes possible, one at a time. Our goal is to provide the homebuyer with the highest quality custom home with a value unequaled in Boulder County. Each home built, using many of the most current Green home standards, receives the personal attention of Mike Moore and Scott Oakes. In this manner, we can assure that each detail of construction is completed to our exacting standards.

Scott Oakes has been building custom homes in Boulder County for over twenty years. He and his suppliers and contractors have been working together for that period, optimizing each aspect of design, engineering and construction. After Scott Oakes built Mike & Caroline Moore’s home, Mike and Scott formed Moore-Oakes Construction in 2004. Prior to Moore-Oakes Construction Mike had lived in Boulder County for seventeen years, working in various business development capacities. Since forming Moore-Oakes Construction, the company has built homes in Boulder, Laramie and Weld counties. We are happy to provide an extensive reference list of satisfied home buyers.

Moore-Oakes Construction believes in complete customer satisfaction in all facets of the home buying and living experience.

Mike Moore & Scott Oakes - Builders
michaelmmoore@comcast.net
Office - Mike: 303.447.1272
Cell - Mike: 303.579.2650
Fax: 303.665.1450

~ Hoffer Construction
Chris Hoffer has been the owner & general contractor of Hoffer Construction since 1998. He has been building one of a kind, custom homes; both in Washington and Colorado, for the past ten years. With attention to every detail and a hands-on-approach, Hoffer Construction is committed to building an exceptional home with distinct style.

Chris Hoffer works personally with a design team to create a home that is efficiently designed with both style and function. He then oversees every stage of the building process to his exact specifications. Only the highest quality materials and the most efficient products are used in the building process. He is dedicated to building high quality homes and has created long lasting relationships with his home buyers.

Home buyers will enjoy the ownership of a one of a kind Hoffer Construction built home.

Chris Hoffer - Owner/Builder
hoffercm@msn.com
Cell: 303.513.2801

Builder & Buyer Information

2009-10-27T20:41:00.000-07:00

Construction ...
~ Home values are projected to be $600,000.00 and up.

~ Soil conditions vary from lot to lot within the subdivision. Random soil tests done by the Developer indicate pockets of rock and expansive soil are present. A soil test is required of every lot within the subdivision for building purposes. Please review the preliminary soil test information provided by RE/MAX Alliance.

~ Basements are expected to be engineered with the floating floor concept. Slab on grade is highly unlikely due to the soil conditions.

~ Please review the subdivision covenants regarding exterior building materials i.e. % of brick/rock/stucco/siding and roofing materials.

~ Buyer is responsible for all service tap fees & assessments associated with the lot.

~ There is a $1,500.00 per lot sewer assessment by the Town of Erie.

~ The Town of Erie requires that a “Foundation Location Certificate” (FLC), stamped by a Colorado Licensed Surveyor, be provided by Builder prior to placement of concrete in the foundation or at a later date at the Builder’s own risk.

Contract Information …
~ Earnest money required at time of contract is $5,000.00.

~ Buyer is encouraged to do their due diligence within the contract inspection period, which would include, but is not limited to, soil tests, school information, building costs, permit fees, service tap fees, brokerage fees, etc.

General Information …
~ Buyer will be charged for an Architectural Review fee. The Architectural Review Committee must approve ALL building plans BEFORE the Town of Erie will issue a building permit.

~ ALL landscaping plans, fencing, etc. need approval of the Architectural Review Committee before any work can be done.

~ Erie Parkway (also known as Isabelle Road) is to be widened to four lanes in the future; at a time determined by Boulder County & the Town of Erie.

~ Quarterly Homeowner Association assessments include maintenance of the common areas, trash removal and common area utilities.

Community Overview

2009-10-27T20:36:00.000-07:00

• Building Sites: 94 building lots within the subdivision … Phase I: 63 lots. Phase II: 31 lots. Lots average over 18,000 square feet in size in Phase I; over 16,000 square feet in size in Phase II. Walk-out basements on many of the sites.

• Home Values: Home values are projected to be from $600,000.00 and up.

• Architectural Review Committee: Review of each building plan to insure view corridors are protected, as much as possible, and that each home fits within the quality standards of the community.

• Participating Builders: Select builders currently building in area subdivisions.

• Additional Information: Upon request … information available regarding the development – lot sizes, lot pricing, soil tests, set-back requirements, covenants, homeowners association, design guidelines, etc.

• Community Facilities: The Erie Community Center & Library are approximately one mile east of Candlelight Ridge on Erie Parkway. Also, in Lafayette, the YMCA and Indian Peaks Golf Course … within 15 minutes.

• Agency: RE/MAX Alliance is an agent for the Seller. If another Realtor does not accompany a prospective Buyer, RE/MAX Alliance is working as a Transaction Broker for the Buyer.

• Participating Builders …
John Stevens/Sopris Development
Jon Kleppe/Penmen Homes, LLC
Dave Howard/Meadowview Custom Homes
Mike West/West Brothers Custom Homes
Ross Anderson/RT HOMES Inc.
Mike Moore/Moore-Oakes Construction
Colby Geolfos/CDG Custom Homes
Chris Hoffer/Hoffer Construction
Gary Wood/Gary Wood Signature Homes

Covenants - Abbreviated

2009-10-27T20:31:00.000-07:00

An Abbreviated Look At the Do’s & Don’ts of Candlelight Ridge Subdivision

• Square Footage … A minimum of 1,950 square feet (main level finished) for a single story (ranch style) dwelling; and 2,500 square feet for a multi-story dwelling (first story above ground level of at least 1,350 finished square feet). Minimum square footage is to be exclusive of any garages, patios, basements or accessory building.

• Setbacks … Front: 20 feet from property line. Side: Vary from lot to lot. Rear: 20 feet adjacent to open space; 30 feet back-to-back residences or adjacent property owner. Between Buildings: 20 feet minimum. (Rear setbacks for Lots 87-91, 93, 94 … 75 feet; for Lots 15 & 16 … 50 feet).

• Building Height … Maximum of 35 feet. [Lots 46, 47, 49, 51, 87, 89, 91 and 93 are restricted as a one-story (ranch style) building.]

• Exterior Building Surfaces … Exterior finishes shall be brick, stone masonry veneer, stucco (natural or synthetic), and wood siding [not to exceed fifty percent (50%) of the surface area of the side of a home]. Brick, stone or stucco must be used on at least 50% of the residence, plus full brick, stone or stucco on all walkout levels (percentage to be measured on all planes less window and door openings).

• Roofs … All roofs must be of a shake medium Butt material, color and texture; 40-year dimensional shingles with Z ridge or duraridge or tile also allowed.

• Garages … Each home shall have at least a three-car garage and shall be large enough to completely cover three standard size passenger automobiles. 25% of all homes (24 homes) will need to have alternatively loaded garages.

• Landscaping … All landscaping plans must be approved by the Architecture Control Committee (ACC) prior to installation. Installation required within nine (9) months of occupancy of the home.

• Fencing … All fencing must be in accordance with the amended and approved development plan, and approved by the ACC.

• Animals … Each home is allowed a reasonable number of dogs, cats, fish or other domestic animals that are bona fide household pets.

• Vehicles … Recreational vehicles, boats and the like may be kept on the property for up to twenty-four (24) hours before trips for purposes of maintenance, loading and the like.

• Miscellaneous … 1. Basketball backboards shall be glass, Plexiglas or portable. 2. No clotheslines are allowed. 3. One satellite dish may be erected per home.