Patrian Tue, 03 Aug 2021 19:16:22 +0000 en-US hourly 1 Patrian 32 32 Is bidding wars cool, is a peninsula property crash on the way? | news Tue, 03 Aug 2021 18:52:53 +0000

As we roll through the summer, many local families are finally taking their first vacation since March 2020. With less active buyers, the bidding war has cooled down quite a bit compared to the crazy spring and the market seems to be back to normal seasonality.

The first half of 2021 was the most active half of the last decade for the local real estate market with 431 new offers in the multiple listing system – an increase of 45% compared to the first half of 2020 and 30% more than the last 10 years. Annual average.

In contrast to the shortage of supply that was reported on the news in most of the nation, Palo Alto had an abundant supply of homes for sale. The neighboring Menlo Park and Los Altos also recorded their largest inventory since 2011. The increased supply was partly driven by a need to catch up due to the pandemic and the very strong price environment at the beginning of the year after more than two years of price development. There were 10 active listings in the heart of Old Palo Alto in mid-May, ranging from $ 6 million to just over $ 30 million. Higher home prices previously urged the sellers to act, which was clearly noticeable in the first-class, rarely available locations.

The backlog in connection with the strong tech economy contributed to a large and active pool of buyers. More than 74% of the new listings in Palo Alto in the first half of this year have been sold. This consumption rate was even higher in Los Altos at 83% and in Menlo Park at 78%. In Palo Alto, 312 apartments have officially changed hands – 64% more than in the first half of 2020 and the highest level since 2012.

Average home prices also rose sharply in the cities along the Midpeninsula. The average price of single-family homes sold in Palo Alto rose to a record high of $ 3.53 million – a 16% increase over the first half of 2020 and an 18% increase over 2020.

In Los Altos, the average home price rose to $ 3.9 million, or 22% year over year. Older, smaller homes (less than 2,000 square feet) on larger lots (over 10,000 square feet) listed just under $ 3 million, it’s common to get bids nearly $ 1 million above the asking price .

The pandemic has sparked a preference for larger living spaces and larger lots, which are harder to find in Palo Alto.

The market has also returned to its normal rapid turnover within seven to ten days.

With sellers experiencing fast sales and unexpectedly high prices, and buyers frustrated by fierce competition or bidding wars, it’s no wonder some of the most common questions consumers searched on Google are, “Are we in a real estate bubble?” and “When will the market collapse?”

If we look at fundamentals, the rise in home prices is not fueled by rising demand or speculation in the face of limited supply. The high price is due to a very healthy transaction volume. In the short term, the supply could increase further due to the high home price. Aging families may also choose to move out due to the high cost of living and tax rates. However, demand will remain strong due to local and foreign immigration. Young families from the southern, northern, or eastern bays continue to move to Palo Alto for schools and easy commuting. We also see overseas families immigrating as work visa issuance has resumed since the new government. Santa Clara County’s net population growth has been dependent on foreign immigrants for some time. As long as the tech economy stays solid, we may be entering another bull cycle that could last six to seven years.

While it is impossible to time the market, sellers and buyers should pursue different strategies in different market environments. It is always helpful for sellers to know your “products”. It is important for buyers to “think through the medium to long-term needs”.

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Exclusive asset management firm Echelon Luxury Properties announces opening on Florida’s Emerald Coast Tue, 03 Aug 2021 17:03:00 +0000

SANTA ROSA BEACH, Florida., August 3, 2021 / PRNewswire / – Echelon Luxury Properties, a premium asset management company providing boutique services to premium vacation rentals, makes its grand opening in. famous Northwest Florida Emerald coast

The company’s growing luxury portfolio consists of exquisite vacation properties from goal to Rosemary beach. Each of the houses offers a unique experience and is rated by its special equipment, location and surroundings. Whether it’s an eight-bedroom coastal property with unobstructed gulf views and private beach access, or an eleven-bedroom vacation home with a game room, outdoor kitchen, and resort-style pool, the company offers spectacular properties for every Florida Vacation.

Echelon Luxury Properties offers access to a dedicated, highly skilled concierge team who ensure that the stay is tailored to the needs of travelers. This includes hassle-free booking and check-in, private charters and air travel, coordinating local experiences such as wine tasting and water sports, and organizing a wide range of services including private chefs, in-house massage therapists and peloton workout classes.

With over 50 years of combined property management, finance and local property management experience, Echelon combines a new, unprecedented approach to luxury asset management with an unwavering passion for maintaining the highest standards of property management in the industry.

“We are very excited to have the opportunity to bring our experience and diligence philosophy to this incredible industry. It really is an honor and a privilege South Walton and goal Luxury markets. As a locally run team, we know the fantastic advantages these areas offer. We believe that luxury is personal and we love working with like-minded homeowners who deserve the best in wealth management, “said Founder and Chief Executive Officer Sam Cobb.

Echelon Luxury Properties is currently accepting applications for new properties to add to their exclusive portfolio. To learn more, or if you have any questions about Echelon’s exclusive wealth management services, please visit

About Echelon Luxury Properties
Led by Sam Cobb, Echelon Luxury Properties was founded in 2021. The locally based company represents some of Northwest Florida finest vacation homes by goal to Rosemary beach and all world class beaches from 30A in between. Echelon’s “Elevate the Experience” philosophy offers a new, unprecedented approach to wealth management. Echelon’s headquarters are located in Miramar Beach, Florida.

SOURCE Echelon luxury real estate

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Social isolation and health top concerns for Americans 50 and older during pandemic Tue, 03 Aug 2021 13:00:00 +0000

More than half (55%) of Americans over 50 fear they haven’t budgeted enough money for monthly medical expenses, of which nearly a third (31%) are very or extremely worried.

Barclays commissioned the investigation as part of the launch of its new line of co-branded credit cards designed for AARP members. The survey covers a wide range of topics, including how Americans 50 and older plan to spend their time after the pandemic, how the pandemic has influenced their spending on medical services and their outlook for retirement.

“Understanding the audience in each of our counties is vitally important to our success,” said Nichelle evans, Managing Director, Travel and Affinity Programs, Barclays. “Our new line of co-branded credit cards for AARP members provide valuable cash back in areas important to these consumers, including health-related expenses as well as valuable travel reward benefits.”

Barclays AARP® Essential Rewards Mastercard® is designed to provide cash back on medical and pharmacy expenses, and Barclays AARP® Travel Rewards Mastercard® rewards those who wish to resume travel after the pandemic is over.

For those who travel, the survey indicates that there is an increased appetite for indulging in more luxury experiences once it is safe to do so. In the past 10 years, only 23% have traveled first class and 19% have dined at a Michelin-starred restaurant. However, over the next 10 years, 36% of survey respondents plan to travel first class and 30% plan to dine at a Michelin-starred restaurant. Almost half (45%) of those polled said they would dine out more when the pandemic ended. Men (71%) are more likely than women (54%) to anticipate luxury experiences over the next 10 years.

Additional survey results include:

  • Almost half (48%) postponed an elective visit to a doctor or specialist due to COVID-19, indicating pent-up demand for medical services once the risk of a pandemic has passed.
  • Those who are concerned about not budgeting enough for medical expenses are more likely to have postponed their appointments than those who are not affected (58% vs. 36%).
  • 65% of those surveyed plan to spend more time with their families when the pandemic comes to an end.

To address issues of social isolation, Barclays’ new AARP credit cards support the AARP Foundation’s work to increase social bonds through United States. Essential Connections Powered by Barclays will donate up to $ 1 million every year to support the efforts of the AARP Foundation to equip seniors with the tools they need to stay physically and mentally healthy and connected to their communities.

For more information visit

About Barclays
Barclays US Consumer Bank is a leading co-branded credit card issuer and financial services partner in United States which creates highly personalized programs to retain and retain customers for some of the country’s most successful travel, entertainment, retail and affinity institutions. The bank offers co-branded credit cards, small business credit cards, installment loans, POS finance, online savings accounts, and CDs. For more information, please visit

Barclays is a British universal bank. We are diversified by activity, by different types of clients and clients, and by geography. Our businesses include global consumer banking and payments, as well as a leading, full-service global merchant and investment bank, all of which are backed by our technology-providing services company. , operations and functional services to the entire Group. For more information on Barclays, please

About the AARP Foundation
The AARP Foundation works to end poverty among the elderly by helping vulnerable people over the age of 50 create economic opportunities. Our approach emphasizes equitable outcomes for populations who have faced systemic discrimination. As a charitable affiliate of AARP, we serve members and non-members of AARP. Through vigorous legal advocacy and evidence-based solutions, and by building supportive community bonds, we foster resilience, advance equity and restore hope. To learn more, visit or follow @AARPFoundation on social media.

About Mastercard
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our business. With connections in more than 210 countries and territories, we are building a sustainable world that opens up invaluable possibilities for all.

About AARP
AARP is the nation’s largest non-profit, non-partisan organization dedicated to empowering people 50 and over to choose their lifestyle as they age. With a national presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal development. The AARP also produces the country’s most widely distributed publications: AARP The Magazine and AARP Bulletin. To learn more, visit, or follow @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.

SOURCE Barclays

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Top summer things to do in Romford on TripAdviser Tue, 03 Aug 2021 11:50:00 +0000

At the beginning of August there are plenty of things to do in and around Romford this summer.

Here are some of the top attractions in the area, according to the travel platform TripAdvisor.

Raphael Park

Raphael Park is one of the top rated attractions in Romford with four and a half stars on TripAdvisor.

Visitors enjoyed walking around the “breathtaking” lake, picnicking and enjoying the park’s cafe.

Raphael Park scores with TripAdviser
– Credit: Archant

You may also want to see:

Havering Museum

The small museum researches the district’s history and has a four and a half star rating on TripAdvisor.

Described by the visitors as “interesting”, in the reviews it was “worth a visit”.

The Havering Museum reopened two days a week last month, and visitors are encouraged to phone in advance for opening times.

A homeless man was attacked outside the Havering Museum on Romford High Street.

Havering Museum is known as a “hidden gem”
– Credit: Archant

Romford Greyhound Stadium

The Romford Greyhound Stadium received four stars on the travel website, with reviews praising the “brilliant” staff and inexpensive food at the Paddock Restaurant.

The stadium had to close during lockdown due to Covid-19 restrictions but reopened in May.

General view of the race at Romford Greyhound Stadium

Visitors can watch a greyhound race in Romford
– Credit: EMPICS Sport

Bedfords Park

This park in Romford also received four and a half stars on TripAdvisor.

Reviews called it a “nice” place to walk dogs, and some visitors were lucky enough to see deer grazing in the park.

Fay Champan

Explore the walled gardens of Bedfords Park
– Credit: Sally Patterson

Brookside Theater

The Brookside Theater is celebrated for its “comfortable” seating and “friendly” staff.

This Romford attraction was named a “real gem” by a reviewer and received a four and a half star rating.

Brookside Theater Wizard of Oz

Brookside Theater recently ran The Wizard of Oz
– Photo credit: Brookside Theater

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Search results are a positive indicator for hotel companies Tue, 03 Aug 2021 10:00:00 +0000

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