NORTH SHORE STATE of the MARKET By Jo Ann Theriault-Fazio Divisional Sales Director, OriginPoint, A Rate Company Following a wave of multimillion dollar sales in the first half of the year, the local real estate market is setting the stage for a strong close to 2025. T he North Shore real estate market
average market time was just 22 days for all properties during this period and 27 days for homes priced over $1 million. These numbers reflect both the heightened desirability of the area and the increased competition as buyers move quickly to secure their dream homes. The RISE of CREATIVE FINANCING STRATEGIES Though demand is strong, navigating today’s competitive market requires more than just conviction; it calls for strategic financial planning. For many North Shore homeowners, purchasing their next property before selling their current one has become an increasingly popular approach. According to Steve Levitt, VP of Sales Performance for OriginPoint, this strategy involves several options like bridge loans, home equity loans, or lower down payments.
continues to thrive in 2025, driven by a surge in demand for luxury properties, fast market times, and innovative financing strategies. The LUXURY MARKET SHINES Long synonymous with high-end homes, the North Shore continues to redefine what luxury means as the market evolves. Through the end of August, transactions for properties priced at $1 million or more increased over 18% year over year, while total sales volume rose 25%. Lakefront sales are on a hot streak in Winnetka, where five homes have traded for prices ranging from $9.49 million to $31.25 million. The speed at which these homes are selling further demonstrates the strength of the market. Across the North Shore, the
6 // ASPIRE ON THE SHORE
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