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SATURDAY FEBRUARY 5 | SUNDAY FEBRUARY 6 2022
SUNDAY BREAKFAST Guitarist/philanthropist Jeff Gerchenson and his Basement Band mates hit all the right notes on and off stages P22
WEEKEND WEATHER
Saturday, Mostly sunny, high 25 Saturday night, Partly cloudy, low 12 Sunday, Partly cloudy, high 29
NORTH SHORE FOODIE
Set the mood for romance with our chocolate cherry whipped cream cake P18 FOLLOW US:
NO. 486 | A JWC MEDIA PUBLICATION
THE BOOM GOES ON A MONTH INTO 2022, NORTH SHORE BROKERS SAY THERE’S NO SLOWING DOWN THE LUXURY MARKET, AND BUYER DEMAND REMAINS THROUGH THE ROOF. BY MITCH HURST THE NORTH SHORE WEEKEND
For much of the 2010s, the luxury real estate market (homes over $1 million) on the North Shore remained stagnant. Many large homes and estates stayed on the market for years or boomeranged on and off the market for long periods. That all changed starting the second half of 2020 when the COVID-19 pandemic drove up demand for luxury properties as families wanted more room and amenities during lockdown. The market pattern continued all through 2021, and according to North Shore area brokers, demand for luxury properties in 2022 shows no sign of letting up. “So far, the luxury market continues to be strong. Expensive homes are going under contract every day and in relatively fast market times depending on the price range,” says Jamie Roth, Managing Broker with Engel & Volkërs, Chicago North Shore. “There is still high demand and low inventory, and I don't see that changing in the near future. When one home goes under contract, there are many potential buyers who remain left in the lurch.” Continued on PG 12
Sunrise Manor, a stunning, lakefront home at 899 Sheridan Road in Winnetka, is currently listed by Jena Radnay of @properties. The home is set on 1.3 acres with panoramic views of Lake Michigan.
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