About The Gongloff Group
The Gongloff Group opened in 1996 to offer Clients complete real estate coverage for lucrative investing. She is a full-time, Summit County Realtor with over 27 years of experience in residential, commercial and development in Colorado.
She has a Real Estate degree and a Business Professionals degree, along with various professional affiliations: Luxury Home Expert, Certified Distressed Property Expert, New Construction Expert, Eco Broker Designation, Summit Board of Realtors, and Member of National Association of Mortgage Brokers.
2022! BOOM!
Still great interest rates, high Buyer demand and increasingly low listing inventory to satisfy it. New construction is taking 6-9 months on the front range and costs are 30% higher than 2021 quotes due to land, lumber and delivery prices (appliances, garage doors and doors).
Changes are coming…
The Feds are raising rates significantly for 2nd homeowners and loans over $647,000…and will be raising rates 2 more times this year to slow down the market.
What will this do?
In higher end areas like our Summit County…where over 70% of closings were cash…it will take awhile to slow our real estate train down. But just like everything, we follow the front range and in 8-10 months, we’ll see a higher inventory due to less Buyer demand. This is a good thing. Our appreciation levels were unsustainable and …just plain nuts!
Our Towns and County are increasing their affordable housing pursuits with some incentifications for property owners and forced use changes to encourage and force long term rentals for locals. Will either of these tactics solve our affordable housing need for locals? No. This challenge is decades in the making and will require local communities to rise up around Summit in areas like Leadville, Fairplay and Kremmling.
It is our mission to take care of our Clients. We sell homes in Summit County, CO and also provide lending, handyman services, contractor referrals and Realtor Referrals to all areas in the U.S.
When you need Real Estate Assistance…We’ve Got You Covered.