About The Gongloff Group
The Gongloff Group opened in 1996 to offer clients complete real estate coverage for lucrative investing. Our passion transcends mere transactions; it is deeply rooted in the belief that every individual deserves not just a house, but a home nestled amidst the majestic mountains. Whether it’s guiding you towards buying your dream mountain home or selling one for investment opportunities, we are committed to ensuring that each step of the home selling or buying process is infused with expertise, integrity, and genuine care.
About Jeannette Thompson
Meet Jeannette, a seasoned Summit County Realtor with over 30 years of experience in residential, commercial, and development real estate in Colorado.
With a wealth of qualifications including a Real Estate degree, Mortgage Broker’s License, and Business Professionals degree, along with multiple 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, she is deeply committed to serving her clients with expertise and integrity.
Her passion for real estate is matched only by her dedication to understanding the unique needs of each client she serves. From luxury homes to distressed properties, she approaches every transaction with empathy and a commitment to achieving the best possible outcome. With a heart full of passion and a lifetime of experience, she is ready to be your trusted guide in navigating the mountain real estate market of Summit County, Colorado.
Almost mid-year 2024!
Elections, Rates, Wars, and Property Rights battles…this is 2024.
2024 has rolled in like a lion, and continues to roar up with appreciating prices and quick sales in Summit County. Unlike ‘normal’ years, it feels like no mud season exists and transactions are fast-paced and exciting.
Are there any smoking deals out there? Not yet. The regular sales season begins in May, when the snow stops flying and the front rangers start pouring up the hill to avoid the Summer heat.
We anticipate seeing alot of listing inventory this Spring, and if Buyer interest stays the same or gets better, it’s going to be a very busy year for everyone.
Will interest rates decline? Frankly…they have been in the 5%s for FHA and 6%-7% all Spring, so…maybe they’ll go down? But rates are rates…and under a certain % the Feds aren’t making money, so any huge reduction is just unstainable in the marketplace. In prior years a 6% rate was regular and normal.
What’s going to happen with the election? In prior years, sales decrease during an election year, but given our limited choices for candidates, it seems like this year’s Presidential election will sail by under comedian scrutiny and feel like another overstated event in the political conundrum in which we find ourselves.
Short term rental battles continue to wage and may have the most affect on our property values. Several groups are suing government entities for property rights violations, and a few have won already (Pagosa Springs being one). Let’s wait it out and see what transpires!
All in All…2024 is shaping up to be a fun and productive year for Sellers that are ready to 1031 into their new 2nd homes. Please reach out if you’d like to get a Market Analysis on your home. We’ve terminated Homebot because…it just wasn’t accurately reflecting values, so let us calculate your home price for you.
Happy 2024!