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Harriet Levy advocates for people with developmental disabilities at the Center for Enriched Living P38
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NO. 446 | A JWC MEDIA PUBLICATION
THROUGH THE ROOF NEW DATA SHOWS MEDIAN PRICES FOR HOME SALES IN ILLINOIS ARE UP 15 PERCENT OVER 2020, AND HOME SALES ARE UP 18 PERCENT. WE ASKED NORTH SHORE BROKERS WHAT THEY’RE ADVISING CLIENTS TO DO IN THIS HOT MARKET. BY MITCH HURST THE NORTH SHORE WEEKEND
Throughout the COVID-19 pandemic, The North Shore Weekend has been keeping a close eye on the North Shore real estate market. The pessimism expressed by brokers as the pandemic began to emerge early last year quickly faded as the North Shore became a desired destination for families seeking more space. The hot market that materialized in late Spring 2020 continues, and new numbers show it’s having an exponential effect on home prices, which so far this year are up 15 percent over 2020, according to data released by Illinois REALTORS® (illinoisrealtors.org). We surveyed North Shore brokers this week to learn what they are advising buyers and sellers to do as the hot market continues. “It’s the Hunger Games of real estate right now. Demand is out of control while there is virtually no inventory available,” says Barbara Shields of @ properties in Winnetka. “It’s now become a vicious cycle because sellers, Continued on PG 12
This property at 1150 Waukegan Road in Lake Forest, listed by Scott Lackie of GGL Realty, features a loft apartment with a full kitchen and bath.
@Home Thursday, May 20 - Sunday, May 23 lfola.org