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NO. 477 | A JWC MEDIA PUBLICATION
RECORD BREAKING YEAR WITH ANOTHER BANNER YEAR ABOUT TO GO INTO THE BOOKS, THE NORTH SHORE WEEKEND ASKED REAL ESTATE PROFESSIONALS THROUGHOUT THE NORTH SHORE TO SHARE THEIR EXPERIENCES CONDUCTING BUSINESS IN 2021’S RED-HOT MARKET. BY MITCH HURST THE NORTH SHORE WEEKEND
When the North Shore residential real estate market picked up steam in Spring 2020, The North Shore Weekend began providing regular coverage of the market and the unique factors—in particular the COVID-19 pandemic— that drove demand for homes in the area. We asked brokers this week how they would assess the last year, and the word that kept popping up was “unprecedented.” Grace Flatt, a broker with @properties in Winnetka, says she’s never experienced anything quite like the 2021 market. “I've been in the state as a licensed broker for over 20 years, since back in 2000, and those were crazy times in terms of the whole city was building up and condo developments were booming,” says Flatt, whose business doubled this year. “I worked that whole boom and I still hadn't felt this same level of rush to get a property and sign a contract before it goes on the market.” Flatt says this year was very critical Continued on PG 12
This home at 312 Woodley Road in Winnetka sold for $4.1 million in spring and its value has risen exponentially since. The home is indicative of how housing values have increased in 2020 and 2021 after a slow period on the North Shore.
