Q3 Market Report

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Q3 Market Report


As always, in order to get a full understanding of the real estate market, it's important to go beyond just the number of new listings and sales.

In Q3, Montecito was a mix of strength, caution, decisiveness, and impulsivity.



Multiple Choice


This quarter, a number of homes received multiple offers. The majority of these listings were priced in the $6M - $8M range, single-level, had views, were new construction or remodeled with "today's look and feel," and priced well or had a recent price reduction which repositioned them among their competition. There are three P's of real estate: price, property, and presentation. When they are all in alignment, buyers step up! Click below to see some of the listings that received multiple offers; some have closed, some are still pending, and some are back on the market looking for the right new owner.



give-and-take


Q3 saw some strong sales for sellers and equally strong sales for buyers.

At first glance, these discrepancies might appear to signal that there wasn't a trend in Q3 pricing. Quite the contrary: the extreme sales represent transactions of convenience.

Occasionally a well-timed offer will resonate with sellers who ultimately find real value in moving on. Conversely, when the "right" property comes on, some buyers see value in acting with strength to secure their ideal home. Montecito is a community with a great deal of elective real estate deals and many Q3 sales reflect this enviable discretion.  


What's on tap?


In September, more listings got under contract than during any September in the last decade. We anticipate that will translate into a strong fourth quarter for the Montecito market as Q4 started with 12 closings in the first two weeks!

Stay tuned for a Q4 update and Year in Review in early January.


Montecito market


There were 54 sales in Montecito during the third quarter, 33% of which happened within the first 30 days of coming on the MLS. None of these properties reduced their price during their time on the market, and one-third of these quick sales closed at or above their asking price.


hope ranch market


During the third quarter, 11 properties closed in Hope Ranch which was up from 9 sales in 2018's third quarter. Last year, Q3 had two Hope Ranch properties closed over $10M whereas this year, Q3's the highest sale was $7,995,000. Despite the lack of ultra-high end sales in Q3, Hope Ranch still had some strong closings; most notably 4200 Marina Drive which closed for $4.650,000 and Riskin Partners' sale at 4163 Marina Drive which closed for $6,625,000. 

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Montecito Social Calendar: Fall

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Montecito Social Calendar: Fall


Fall is in full swing and what better way to spend it than at local santa barbara events!


STAY ACTIVE

 

Ride santa barbara 100

WHEN: october 19TH | WHERE: All courses start at Leadbetter beach

The Ride Santa Barbara 100 takes place in one of the most beautiful and challenging cycling locations in the United States. They offer four distinct courses to suit every cyclist’s ability – each course offering a world class Santa Barbara cycling experience. Cyclists will wind through some of the most exclusive neighborhoods in the country; experience the rolling foothills lined with citrus and avocado orchards of the front range; and climb some of the most famous mountains in the country, all while experiencing one of the most beautiful views in Southern California.

 

ARTS AND ENTERTAINMENT

Architectours 2019

WHEN: october 9th | WHERE: SANTA BARBARA

 
 
 

Join AIA Santa Barbara on a self-guided tour of the best architectural projects in Santa Barbara. You will receive a tour brochure and/ or app with maps, photos, and info detailing all the projects. Meet architects and design professionals and discover how design impacts art and art impacts design.

 
 

 
 

pianos on state

WHEN: october 21st - november 7th | WHERE: SANTA BARBARA

Join the collaborative and interactive musical experience that takes place during Arts and Humanities month in October. Pianos will be available for musical exploration, impromptu play, and group performances morning, afternoon and evening. Amateur, professionals, and public musicians are invited to sit down and play!

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WINE AND DINE

harbor & seafood festival

WHEN: october 12th, 10am - 5pm | WHERE: santa barbara harbor

Come enjoy everything our abundant ocean has to offer! Visit fishermen face-to-face and experience specialty fish tacos, oysters, mussels, barbecued albacore, fresh crab, clam chowder, seafood paella and more.

wine and seafood pairing

WHEN: october 12th, 12pm - 3pm | WHERE: santa barbara maritime museum

After you enjoy your fresh seafood on the harbor, make your way to the Santa Barbara Maritime Museum to taste wines of Santa Barbara County paired with culinary creations from Santa Barbara’s best chefs using local, fresh-caught seafood. Bring family or friends and enjoy live music and scenic harbor views from the Maritime Museum patio.


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Ghost Village Road 2019

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Ghost Village Road 2019

IT’S OFFICIALLY spooky season

this year, trick-or-treat your way down GHOST VILLAGE ROAD

 

WHAT IS GHOST VILLAGE ROAD?

Every Halloween, "Ghost" Village Road attracts over 1,500 people in costume and ready for treats. The Lower Village turns into a lively daytime trick-or-treating extravaganza, and all the local businesses are prepared for the exciting event. Children and their parents walk up and down the entire stretch of the road, collecting as much candy as possible. The Montecito Association created this fun, safe, and family-oriented event that also benefits all the shops and businesses along Coast Village Road as it gives us a chance to interact with the community.

 
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WHERE?

Coast Village Road, Montecito

WHEN?

Thursday, October 31st, 2019 from 3:00PM - 6:00PM

 
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HIGHLIGHTS: GET EXCITED!

Scoop - holds a costume contest in their back parking lot with prizes and fun treats like the creepy-crawly "Worms and Dirt" dessert.

Giovanni's - gives out pizza squares!

Jeannine's - sure to have fun and elaborate decorations with Halloween-themed cookies.

Village Properties - The office is decorated with spider webs, pumpkins, and spooky jars of eyeballs. They also have two werewolves who greet the trick-or-treaters, and is known to have the best and most candy... get ready for Pixi Stix, chocolate, and candy necklaces!

 
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Can’t wait to get spooky together!


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Living the California Dream

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Living the California Dream

in search of luxury, quality, and beautiful views? Look no further, it's all right here in santa barbara county.

 

Two of our most elite estates were visited by a member of our affiliate, Mayfair International Realty. Nick Churton of the London office went searching for the true meaning of California luxury and is sure he found it right here in Montecito.

 

691 Picacho lane

Described as one of, if not the most outstanding and elite estate homes within the celebrated Golden Quadrangle of historic Montecito, 691 Picacho Lane lives up to its reputation. With five acres of lush palm-studded gardens, a grand pool, and sensational ocean and mountain backdrops, this estate offers a haven of luxury.


705 Riven Rock

When Nick got his first taste of La Manzanita Estate in Montecito, he instantly felt its allure. The estate boasts a delightful outdoor landscape, featuring a glistening lily pond and colorful gardens. Equally as sensational, the lancet-vaulted great room and soft-cornered architectural detail will transport you to the Western Cape. With elements of quality, luxury, and pedigree, 705 Riven Rock is the epitome of elegance.


here In Santa Barbara, choose from one of our magnificent, Luxury estates and turn your dreams into a reality.


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Virtual Staging: Imagine the possibilities

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Virtual Staging: Imagine the possibilities

You never get a second chance to make a first impression. with virtual Staging, visualize your dream home with the click of a button.

WHAT IS VIRTUAL Staging?

Virtual staging is sweeping the real estate industry, utilizing 3D technology to help home buyers visualize their future home. Virtual staging gives home sellers the ability to stage their home digitally, making the staging process affordable and hassle-free. Home-buyers start their search online, so it is critical for listings to stand out in the sea of homes for sale.

Photos on the left showcase 808 San Ysidro Lane, while virtually enhanced photos on the right help buyers visualize design opportunity. Move the slider below to see the results.

why we chose to use virtual staging

Virtual staging allows Riskin Partners Estate Group to create a more contemporary, white, fresh, and clean finish compared to the pre-existing decor. Now we can showcase the estate with a design that isn't overly specific, by creating a calm, fresh, elegant feeling that resonates with a broader buyer demographic. 

808 San Ysidro Lane is a dream for most looking for a relaxing and private sanctuary. Located moments away from the Upper Village, Montecito Union School, and Miramar Beach, this estate offers an abundance of bedrooms and bathrooms as well as a guest studio.


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Learn more about our stunning property.

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Read the latest blog from our London office.


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Backyard Bliss

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Backyard Bliss

autumn may be coming but that doesn’t mean the outdoor fun has to end. here is our pick of glorious gardens perfect for any season.


what better place to wind down than in your own backyard?


Prestigious Park lane

Park Lane is situated on 3.3 acres of gently rolling gardens that lead to an expansive, ocean view. Throughout the grounds, a number of bucolic destinations offer a reason to roam. Enjoy a picnic amongst the oaks, a rendezvous in the orchard, or a romantic stroll among the fragrant roses. This grandiose property transforms with the seasons and easily accommodates all types of weather.


705 Riven Rock

This magnificent property is perfectly poised with sweeping views of the sea and mountains. The grounds unfold to encompass vast organic gardens and centenarian trees that surround the residence with incredible natural beauty. Enjoy the sunset from the rooftop terrace or sip wine around the outdoor fire pit for year-round bliss.


1270 Pepper lane

This expansive 2+ acre, mountain view estate is simply breathtaking. Verdant lawns, prolific fruit trees, and tireless blooms are always a delight and make the grounds ripe for adventures of all kinds. With nearly every room in the house opening to the outside, the residence’s gardens are a natural extension of the home.


256 Santa Rosa lane

This two-story New England-style shingled home is highlighted by bright-white trim, gracious mountain views, and stunning gardens. Under the watchful eye of the Santa Ynez mountains, this property is filled with an impressive assortment of fruit trees, cacti, mature trees, and a variety of all sorts of shrubs and flowers. It’s the ideal spot to spend the day sitting outside watching wildlife circling the open skies or settle in and enjoy twilight as the mountains come alive with the always majestic incandescent glow.


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Montecito Social Calendar: August

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Montecito Social Calendar: August


summer is almost over but the sun is still out! Here is our list of summer-musts to make sure the fun never ends.


STAY ACTIVE

 

SANTA BARBARA TRIATHLON

WHEN: AUGUST 25TH, 7 AM - 12 aM | WHERE: santa barbara triathlon, inc.

The Santa Barbara Triathlon, established in 1981, is one of the longest-running independently owned triathlons in the world. Stunning scenery and an oceanfront finish line ensure a sellout event every year. Promote your health and wellness as you run/walk beside the sparkling water. Every finisher gets a free t-shirt, a medal, and lunch. What a perfect way to kick off your Sunday morning!

 
 

the next adventure awaits

who: Santa barbara adventure company | where: 32 E haley st. santa barbara, ca

Switch up your daily routine and join the Santa Barbara Adventure Company in the experience of a lifetime. Kayak, snorkel, surf, and camp down the California coast. Not only will you break a sweat, but you'll get to witness breathtaking views unlike anywhere in the world.

 
 
 

ARTS AND ENTERTAINMENT

Santa Barbara Bowl

 

Enjoy a music-filled night under the Santa Barbara stars at the Santa Barbara Bowl. Choose from various artists including Lionel Richie, Elvis Costello & The Imposters, and even our very own Santa Barbara Mariachi Band.

 
 

 
 

Santa Barbara studio artists’ 18th annual open studios tour

WHEN: AUGUST 30th - septmeber 2nd, 11:00 aM - 5:00 Pm | WHERE: SANTA BARBARA

Spend your afternoons exploring the galleries of exceptional artists, all while soaking up some sun. The oldest and most prestigious event of its kind on the Central California Coast, the tour draws national and international collectors, decorators, and gallery owners.  Tickets are available at www.santabarbarastudioartists.com

 
 

WINE AND DINE

SIPPING ON THE SEA

WHEN: AUGUST 15TH, 6-8 PM | WHERE: SANTA BARBARA SAILING CENTER

Enjoy a beer with friends as you admire the sunset aboard the Double Dolphin. A representative from Topa Topa Brewery will be on board to pour the tastings and provide information about their selection. Meanwhile, the Captain will give insight about the scenery. Check out this years calendar to enjoy beverages from additional wineries and breweries.

SUNSET at the four seasons

WHEN: all summer | WHERE: THE FOUR SEASONS BILTMORE

At Ty Lounge, indulge in signature drinks and classic cocktails while you relax next to a cozy fireplace overlooking the ocean. Bring family or friends and enjoy delightful nights filled with Spanish guitar, tapas, and colorful beach sunsets.


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George Washington Smith + OLD SPANISH DAYS FIESTA

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George Washington Smith + OLD SPANISH DAYS FIESTA

SANTA BARBARA IS KNOWN AND LOVED FOR ITS MEDITERRANEAN ROOTS. 


Famed architect, George Washington Smith, is hugely responsible for the Spanish inspired architecture that defines Santa Barbara.

Smith received his Bachelor of Science degree in Architecture from Harvard University. He dabbled in painting, traveled with his wife, and practiced architectural design in Paris before finding career success in Santa Barbara. His success started with the design of his own house, El Hogar, which was inspired by Andalusian farmhouses in Spain. Because Smith's interpretation of Spanish architecture held great appeal to so many people, he was commissioned to design homes and public landmarks all over Santa Barbara.

Smith designed the Montecito Country Club Building, Santa Barbara Chapel and Crematorium, Meridian Studios, La Cumbre Golf and Country Club Building, and The Lobero Theatre.

 

fun for everyone

From colorful parades and open markets teeming with Spanish and Mexican-American foods to sipping the finest tequilas at the Santa Barbara Zoo, Old Spanish Days Fiesta offers fun for the whole family. For a full guide to a memorable week, visit www.santabarbaraca.com.

 a reason to celebrate

George Washington Smith's Lobero Theatre is one of the reasons that Santa Barbara hosts the Old Spanish Days Fiesta. This week-long festival was started in 1924 and is a tradition marked by festive music and dance. Celebrations start July 31st and continue through August 4th. Buy tickets now at www.sbfiesta.org


Smith's SPanish revival has come to define Montecito's architectural aesthetic.

As you enter through the lacy canopy of California live oaks, Park Lane brings to life the essence of coastal, Mediterranean beauty. With gracious archways, Santa Barbara stone walls, and an expansive ocean view this magnificent estate embodies an effortless sense of elegance while perfectly capturing the enviable lifestyle of Montecito.



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900 Knollwood blends Spanish Colonial Revival with a light, airy nature. The white stucco walls, painted tiles, and outdoor terrace make for a sophisticated, Mediterranean atmosphere. Originally designed by Edwards & Plunkett in 1934 for the McCormick family, then renovated by Lutah Maria Riggs in the early 1950s, this incredible approximately 9-acre, ocean view estate maintains much of the same spirit today as it did when it was conceived.



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Nestled on nearly two lush acres, 1475 East Mountain Drive is an expertly crafted Spanish Colonial estate. It boasts antique terra-cotta tiles that escort you to breathtaking ocean views and gorgeous gardens. A true paradise, this Mediterranean estate is a thesis on beauty, design, elegance, and top-quality construction that will continue to define the best of Montecito living for generations to come.



CLICK BELOW TO BROWSE MORE OF OUR BEAUTIFUL SANTA BARBARA HOMES.  

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Q2 Market Report

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Q2 Market Report


Sand Castles


In real estate, the old adage of “location, location, location” rings true, and nowhere more so than at the water’s edge.

 

 

Of all beach properties that have transacted twice in the last 10 years, the average appreciation was 32.5%. Of those 16 beach sales, 15 properties saw dramatic appreciation; only 1 property transacted at a lower price, and at that, only $250k less than the previous sales price.

2019 has already been a great year for seaside properties. YTD, there have been 7 beach sales; 3 in Q1 and 4 in Q2. In fact, the 3 highest sales in Q2 were beach properties on Sand Point, Fernald and Posilipo, respectively.

There are currently 9 active beach listings in the MLS; 5 of them came on the market in Q2, and 1 of which went under contract within 5 days of being on the market. Riskin Partners is proud to represent the seller.


There are 2 oceanfront pocket listings (asking $24M and $8.4M) and 1 upcoming beach listing (asking $13M). Want details on these exclusive offerings?

Want to know more about our listing at 3443 Padaro Lane? Contact Riskin Partners for more information.


red Hot Red Zone?


Not as hot as we’d prefer, but definitely warming up. 

Per ReadySBC.org, the Red Zone designates “areas that will be included in an evacuation in a predicted 1/9 Debris Flow causing storm.” The Red Zone appears to represent approximately 25% of homes in Montecito. Many people have speculated that Red Zone properties would languish on the market, have a narrow buyer pool, and transact at reduced prices. While this has been true in some ways, the good news is the Red Zone has shown significantly increased activity and resilience in Q2.

In Q1, 1 Red Zone property sold; that was 3.4% of Q1 sales (1/29).

In Q2, there were 18 Red Zone sales, 28% of total closings (18/64); Riskin Partners was involved in 5 of these sales.

There are 3 pending sales in the Red Zone. 

While it might be a stretch to say the Red Zone is red hot, it does seem to be equalizing as buyers continue to recognize opportunity and value in this segment of the market. There are many factors that could explain the increase in Red Zone sales...distance from 1/9 Debris Flow, the installation of the ring nets, an abundantly rainy year. The maps are scheduled to be revised in the fall, and we anticipate additional strength as the evacuation areas are refined.

And what about that rumor that it is impossible to get insurance on Red Zone properties? Not true across the board.

In Q2 all of our Red Zone buyers were able to get primary market insurance on their properties. That said, it’s certainly nuanced and if you’d like more details, please give us a call.


montecito


Across all segments of the market, Q2 saw a strong increase in Montecito sales over Q1. Where as Q1 had 29 total sales, a whopping 64 properties closed in Q2.


Hope Ranch


The sales were up nominally in Hope Ranch with Q1 logging 9 sales and Q2 closing 12 transactions.

 

There are 2 Hope Ranch properties pending in the MLS.

 

 

Sign up for our newsletter below for updates on our exclusive listings, insights on the market, and happenings around town. Thanks for a great Q2 and looking forward to what’s to come!



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Red, White, and Blue Skies

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Red, White, and Blue Skies

This Fourth of July, celebrate beneath the Santa Barbara sun! Whether you prefer a relaxing day at the beach or summer drinks in the city, your day is guaranteed to be bursting with fun.


Fun in the Sun


 

West Beach

Located next to Stearns Wharf, West Beach is the go-to spot for oceanfront activities. Enjoy a thrilling game of beach volleyball, sandcastle building with the kids, or simply watching the surfers catch some waves.

Butterfly Beach

If crowds aren’t your thing, try Butterfly Beach. Located across the road from The Biltmore, this beach offers a relaxing space to sip a cocktail and soak up some summer sun.


City Celebrations


 

Santa Barbara City Parade

Nothing screams Fourth of July like a community parade. Starting at 1pm, dress in your favorite red, white, and blue attire and join locals at Micheltorena Street. From there, the parade will proceed down State Street to Old Town Santa Barbara, finally concluding at Cota Street. Hundreds of locals and tourists join the fun, so arrive early to claim the best viewing spot!.

Fireworks Show

One of the best locations in the city, Stearns Wharf will offer you a dazzling view when the fireworks light up the sky. Grab your family, friends, and a bottle of wine to toast to a great summer ahead!


Fireworks Cruise

Sip local wine or beer and enjoy appetizers abroad the Double Dolphin on their magical Fourth of July fireworks cruise. Make unforgettable memories watching colors light up the sky and dazzle atop ocean waves.


Wine & Dine


 

The Lark

The Lark is a five-star dining experience that offers a blend of artisanal and seasonal ingredients celebrating the abundance of the Central Coast. All ingredients are locally sourced, responsibly grown, and are served family style, perfect for the Fourth of July weekend.

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The Good Lion

Stop by The Good Lion on State Street for some pre-fireworks cocktails. Featuring a weekly rotating cocktail menu, you’ll be sure to find something for everyone.


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HGTV's Ultimate House Hunt 2019

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HGTV's Ultimate House Hunt 2019

HGTV has Nominated 3 Riskin Partners Estate Group Listings for the ultimate house hunt!

 

 
 
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Join HGTV on the Ultimate House Hunt. Tour these amazing homes for sale and vote for your favorites. Twelve home have been chosen in each category and 3 of the estates are Riskin Partners estate group’s listings! 

Click on each to VOTE

Outdoor Escapes - 808 San Ysidro Lane
Curb Appeal -
256 Santa Rosa Lane 
Modern Masterpieces -
1636 Moore Road

 

 

Take a look at the HGTV nominees and VOTE!

 

 

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Tudor-style Homes are Trending on the West Coast

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Tudor-style Homes are Trending on the West Coast

Tudor-style homes are a rare commodity on the West Coast, which makes them all the more attractive.


Tudor-style is trending on the West Coast.

Ellen DeGeneres bought Adam Levine’s Beverly Hills, Tudor-style mansion for $45 Million

The five-bedroom, 12-bathroom property seems like the perfect addition to DeGeneres and her wife Portia de Rossi’s growing collection of luxury estates. The home features crown molding, floor-to-ceiling glass doors, an all-steel kitchen, and a 2,000-square-foot master suite.

 

 

What defines a Tudor-style home?

Tudor-style homes are recognizable by their steeply pitched roof and front-facing gables (the triangular portion of the roof). The windows are often tall and narrow with multiple panes. Large groupings of windows are also common. Tudor chimneys are another notable element: they typically have decorative chimney pots, a stone or metal extension at the top of the brick chimney. Smaller versions of these homes may have a storybook appearance to them, while larger Tudors often embody the romantic ideal of an English country manor.

Why are Tudor-style homes rare these days?

According to Peter Pennoyer, FAIA, of Peter Pennoyer Architects, innovative masonry veneer techniques developed in the early 1900s made brick and stone homes more affordable to build, but the intricacies of Tudors still were overly expensive for the average home builder. After World War II, when the country turned to focusing on new, affordable housing developments, the style fizzled out.

 

 

Snatch a charming Tudor-style estate right in the heart of Montecito.

808 San Ysidro Lane

This storybook home, embodying the Tudor-style through high-beamed ceilings, large groupings of windows, a chimney, and front-facing gables, is the perfect place for you to pen the next chapter of your life. Sweeping mountain views and lush lawns are beautiful compliments to the flexible floor plan that effortlessly fosters indoor/outdoor living. This is quintessential Montecito living with a touch of historic architecture.

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School's Out for Summer

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School's Out for Summer

It’s that time of year again: school’s out for summer!

It’s time to step out of the classroom/office and into the sunshine for a fun filled season. The bonus? You can enjoy all that summer has to offer right from home.


Prestigious Park Lane

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Park Lane is a summer lover’s dream. With an infinity pool, spa, stone terrace and fireplace, wet bar and lounge, you are able to fill the long summer days with ease. Take advantage of sunny Santa Barbara days by the pool with stunning views of the harbor and city. Cool down in the lounge with a fresh cocktail and close off the night with s’mores by the fire.

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568 Toro Canyon Road

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Whether you prefer to delve into your favorite book under the natural light of the solarium or engage in a game of pool upstairs in the barn, Toro Canyon is a place of sweet serenity. Venture outside for a dip in the pool or a walk around the lush grounds.

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808 San Ysidro Lane

With sweeping mountain views, vast lawns, an impeccable indoor-outdoor living, 808 San Ysidro is the perfect summer getaway. Spend your summer days poolside with your drink of choice in hand. Opt for evenings on the patio watching the mountainside turn purple as the sun sets.

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444 Pimiento Lane

Cozy up this summer at the charming cottage, 444 Pimiento Lane. Summer morning sweet tea, afternoon Arnold Palmers, and late night libations are all right at home on the wrap-around porch. Soak up the sun while relaxing on a hammock or host a barbecue under the shade of lush trees. Spend quality time by the fire with your favorite book or loved ones.

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256 Santa Rosa

Embrace the outdoors from your own backyard through lush grounds and gardens. Whether your preferred game is flag football, frisbee or croquet, the generous lawn welcomes it all. Under the watchful eye of the Santa Ynez mountains, this property is filled with an impressive assortment of fruit trees, cacti, mature trees, and a varietal of all sorts of shrubs and flowers.

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All of the above listings are in the montecito union school district, rated #9 out of 856 school districts.


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Summer in Montecito

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Summer in Montecito

As June approaches, the days are getting warmer and summer is right around the corner!

Keep reading to see our recommendations on how to kick off the summer season in Montecito.


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Sunday Polo

Put on your Sunday best and head out to the Santa Barbara Polo & Racquet Club! Matches will be held June 2nd, 9th, 16th, and 23rd, and will then continue every Sunday July through September. Polo is a perfect excuse to socialize under the sunshine and lose yourself watching an exhilarating match.

 

 

Sipping on the Sea

Sip local wine or beer from a featured winery or brewery while enjoying a bright, warm Santa Barbara Sunset aboard the Double Dolphin on the 3rd Thursday of each month! This month, enjoy selections from Apiary Ciderworks & Meadery. Following your voyage, enjoy a bite to eat at Stearns Wharf or downtown.

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Happy Hour Silent Disco

Stop by the Four Seasons Biltmore on June 8th for one of their signature wellness events, Happy Hour Silent Disco Yoga. Dance and stretch to funky tunes at this Vinyasa yoga class and afterwards, further unwind with a glass of wine.

 

 

Summer Solstice Celebration

The 45th Annual Summer Solstice Celebration kicks off the summer season from June 21st-23rd at Alameda Park. The parade on June 22nd treats attendees to exuberantly decorated non-motorized floats, imaginatively costumed participants, bands, dancers, and drum ensembles as it makes its way up State Street from the waterfront. At Alameda Park, enjoy a variety of foods, music, and arts-and-crafts booths.

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Santa Barbara Wine + Food Festival

Saturday, June 29th, sip on selections from the Central Coast’s best wineries and savor tasty bites while enjoying the Museum's beautiful creekside setting under majestic redwoods and oak trees. 


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Santa Barbara: A Celeb Hotspot

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Santa Barbara: A Celeb Hotspot

Santa Barbara is no Hollywood.

It’s better.


There’s a reason why a-list Celebrities like oprah, ellen, ashton kutcher, and gwyneth paltrow choose Montecito when they can live anywhere in the world. Celebrities and high-net worth individuals love Santa Barbara for its ambiance, amenities, and privacy.

 

 

Privacy.

Away from the hustle and bustle.

Nestled between the sparkling Pacific Ocean and the Santa Ynez Mountains, Santa Barbara is the perfect escape for high-profile individuals. Whether you are looking for a casual day on the beach or an opportunity to splurge on luxury goods, Santa Barbara provides a little bit of everything.


Perhaps one of the most alluring aspects that allow Santa Barbara its incredible privacy are the Santa Ynez Mountains. There are multiple State Preserves, such as San Marcos Foothills Preserve, which protect the natural beauty of the mountains. There are also various preserves that protect Santa Barbara’s oceanside, such as the Douglas Family Preserve and More Mesa Prevention Coalition. By having State Preserves on both sides of our city, Santa Barbara remains private, exclusive, and ever-beautiful.

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Community.

Santa Barbara is a strong, tight-knit, lively community.

From celebrating at Old Spanish Days Fiesta to lending a helping hand in times of need, Santa Barbara is a place where members of the community care for, support, and celebrate one another.


Partially due to Santa Barbara’s unique geographical location, our city stays small, and people know each other by name. As a member of the community , there is an added sense of responsibility, importance, and belonging.

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Amenities.


Exclusive Clubs


 

Montecito Country Club

Montecito Country Club is a luxury course with tennis, swimming, and fitness facilities. Here you can enjoy lush green fairways and views of the Pacific Ocean. This exclusive club hosts a variety of fundraisers, athletic events, and social events. Montecito Club is reopening after a grand renovation earlier this year.


Coral Casino Beach and Cabana Club

Coral Casino sits atop Butterfly Beach at the Four Seasons Biltmore Santa Barbara. This private membership club is known for its unique social character, combining exquisite dining, fitness, and beachfront relaxation enhanced by world-renowned Four Seasons service. With stunning oceanfront property, a larger-than-Olympic size pool, and delicious cocktails, Coral Casino is the quintessential Santa Barbara hangout.


Luxurious Resorts


 

Rosewood Miramar Beach

Join the celebs at Rosewood Miramar! This recently opened resort sits on one of the most beautiful and exclusive beaches in Southern California. The world-class resort conveys an elegant yet casual atmosphere, offering iconic sophistication and refined modernity. Born from an era of gracious hosts welcoming guests for the season, the resort’s unparalleled level of service is attentive and professional, yet never pretentious.


San Ysidro Ranch

Ranked among the top 25 Hotels for Travel + Leisure’s World’s Best for 2015, the recently reopened San Ysidro Ranch is nestled in the Montecito foothills of Southern California’s wine country, providing a tranquil vacation destination.


Fine Dining


 
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The Monarch

The Monarch is a sophisticated yet minimalistic dining experience conceptualized by Chef Phillip Frankland Lee and located in the Montecito Inn. The fresh, exquisite dishes are meant to be shared family-style so everyone at the table can sample the variety of meats, vegetables, and sides the locale has to offer. Join them for brunch, dinner, appetizers, or cocktails.

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Lucky’s

Lucky’s is a classic American steakhouse perfect for brunch, a mid-week burger, or a special occasion dinner. With unsurpassed ingredients, well-crafted cocktails, and premium wines, this restaurant is at the top of our list.

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Bibi Ji

Bibi Ji is the fourth in a collection of acclaimed sister restaurants with locations in Australia and New York City. Bibi Ji brings the vibrant spirit and flavors of India to the American Riviera, as well as a standout wine and beer selection.

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Foggy Day in SB? Here's What To Do

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Foggy Day in SB? Here's What To Do

Even paradise gets hit with a foggy day every now and then. But have no fear, there are plenty of indoor hotspots to help you enjoy the gloomy days just as much as the sunny ones.


Relax & Unwind


 

MOXI

Take a break from your daily routine and let your mind wander at MOXI. As Santa Barbara’s newest hands-on destination for curious minds, MOXI is a place where you can explore and discover new things about the world around you, ask questions, seek answers, and have a blast doing so. Discover various exhibits such as the Tech Track, Light Track, and Sky Garden.

FLOAT Luxury Spa

FLOAT is a luxury spa in Santa Barbara with services ranging from deep tissue to sea stone massages. FLOAT is the place to get away, de-stress, find balance, and feel light.

Riviera Theatre

SBIFF’s Riviera Theatre hosts showings of acclaimed films and a collection of events. Some of their latest and upcoming films include Hail Satan, Ask Dr. Ruth, and The Biggest Little Farm.

Santa Barbara Wine Therapy

SB Wine Therapy is downtown’s hang out spot. They have local beer, wine, games, and your dogs are welcome to join you! On cloudy days, the rustic interior makes for a perfectly cozy setting.


Splurge


 

goop Sundries Shop at Rosewood Miramar Beach

goop is Gwyneth Paltrow’s lifestyle collection where readers can find suggestions about where to shop, eat, and stay. The goop Sundries Shop at Rosewood Miramar Beach is the brand's first permanent hotel retail experience. Stop by for goop-approved favorites in clean beauty, wellness, athletic-wear and resort fashion with elevated beach essentials.

Whiskey & Leather

Whiskey & Leather is a clothing boutique that stands out from the crowd. Their lifestyle brand carries an eclectic, relaxed inventory of clothing, shoes, and goods for both men and women.


James Perse

James Perse is a low maintenance high fashion brand, emphasizing elegance and comfort, and pairing sophistication with simplicity. Visit James Perse on Coast Village Road or at the Rosewood Miramar Beach to shop the brand’s high quality apparel for men and women.


Stay Active


 

StarCycle

StarCycle is a network of boutique indoor cycling studios. They promote a positive environment where everybody is welcome. Join them in La Cumbre Plaza for a 45 minute, beat driven cardio ride that ignites your body, metabolism, and mind.

Bond Fitness

Bond Fitness by Jenny Schatzle harnesses all the power of the Jenny Schatzel Program and takes it to the next level with new facilities, updated equipment, easy start programs, and affordable group fitness that helps empower individuals to reach their personal fitness goals.


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Q1 Market Report

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Q1 Market Report


BELOW YOU’LL FIND Q1 STATS AND DETAILS, BUT FIRST… THE KEY TAKE-AWAYS:

  • Overall the market is very healthy, despite a bit of “dampened” activity presumably from the significant rainfall we received.   

  • The high-end market continues to perform well!  And Q1 stats may be indicative of the year to come.

  • We’re proud to say Riskin Partners was involved in 50% of the transactions YTD on listings $10M+.

The numbers don’t lie, but if you don’t take a critical look, they don’t always tell the full story either. In light of last year’s debris flow, we were surprised to see negative growth for Q1 in 2019 vs. 2018 in both Montecito (-12%) and Hope Ranch (-5%). However, closings are a lagging market indicator, meaning they are indicative of properties that went under contract 30-45 days prior to the sale.

At the risk of stating the obvious, there are clear “before” and “after” 1/9 Debris Flow markets so when analyzing year over year Q1 activity, it seems appropriate to take into account that some data points indicate activity in the “before” market. When you remove the ten sales that occurred between January 1st - January 9th, 2018, and therefore “before” market activity, Q1 sales increased 16% in 2019. Additionally, 2019 has seen continued strength in sales in the $10M+ market.

Keep scrolling below for “in the know” details on how the market performed in Q1, recent transactions, and how the historical data is helping us make predictions for 2019!



HOW IS THE HIGH-END PERFORMING IN 2019 YTD?

In Q1, from Carpinteria to Hope Ranch, there were five sales which closed over $10M; of those, one was over $25M and three were over $15M. Two additional properties listed for over $10M closed last week; one of them received multiple offers after only being on the market for nine days. Currently there is one additional pending property in the MLS, listed at $11.5M. 

Additionally, we know of two pocket listings that are in escrow over $10M, neither of which are in MLS. With the addition of these properties, YTD there have been seven closings and there are three pending sales over $10M. Considering the significant rains that began the year, 2019 is off and running to a fantastic start and we are on track to see more high-end sales in 2019 than we did in 2018!

Of the ten closed and pending sales listed at $10m+ closed in 2019, Riskin Partners is proud to have represented either the buyer or seller in 50% of the transactions. The next most involved agent participated in two of the transactions. Year after year, no one knows or is more intimately involved in high-end real estate in Montecito and Hope Ranch than Riskin Partners.

Q1 HIGH-END SALES

Q2 HIGH-END PENDING/SALES

So what does a strong Q1 mean for the rest of the year?

Historically, strong high-end sales in Q1 are indicative of the year’s overall performance. Looking back at Q1 compared to YTD data between 2012-2018, there is a direct correlation between a strong $10M+ market in the first three months of the year and a high number of total transactions for the year - which has us very excited for the remainder of 2019! Check out the numbers below.

$10M+ SALES

FROM 2012 - 2018

Q1 High-end performance compared to YTD sales

Number of $10M+ Sales in Carpinteria, Montecito, & Hope Ranch

 

MONTECITO MARKET - Q1


 

Q1 SALES -12%

Q1 sales were down 12%. There were 33 sales in 2018 and 29 sales in 2019.

Click here to view the 33 sales in 2018.

Click here to view the 29 sales in 2019.

 

HOPE RANCH MARKET - Q1


 

Q1 SALES -5%

Q1 sales were down 5%. In 2018 there were 14 sales and in 2019 there were just 9 sales.

Click here to view the 14 sales in 2018.

Click here to view the 9 sales in 2019.

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72 Hours in Montecito

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72 Hours in Montecito

With dreamy hotels, fine dining, and an impressive array of activities, Montecito is your next travel destination.

 

 

What to do:

By the sea…

Butterfly Beach

Enjoy a classic beach day at Butterfly Beach. Located just steps away from the sand, walk down to Coral Casino for oceanside drinks and dining, an olympic-size pool, a sauna, and much more.


Coral Casino Beach and Cabana Club

Coral Casino sits atop Butterfly Beach at the Four Seasons Biltmore Santa Barbara. With stunning oceanfront property, a larger-than-Olympic size pool, and delicious cocktails, Coral Casino is the quintessential Santa Barbara hangout!

Butterfly Beach
 

 

In the mountains…

Santa Barbara Botanical Garden

Santa Barbara Botanic Gardens

Take in sweeping views of the Santa Ynez Mountains and Santa Barbara’s Channel Islands while wandering among thousands of plants, trees and flowers that exemplify the diverse botanical beauty of the region.


Inspiration Point

Inspiration Point is a known for its panoramic ocean and city views, making it the perfect destination for sunny Santa Barbara days! The hike is just under an 8-mile round trip, with about 1,400 feet of elevation gain.

 

 

Boutique shopping…

Coast Village Road

Take a stroll down Montecito’s Coast Village Road, home to an array of luxury boutiques and fine dining. Be sure to take a peek at Whiskey & Leather, K. Frank, Allora, and Ambiance. Need a snack or a drink after all the shopping? Stop by Cava for tapas and a cocktail.


Montecito Country Mart

Montecito Country Mart hosts a combination of services such as a barber shop, post office, pet shop, market, toy store, and several boutiques. Shop high quality items from Kendall Conrad and Poppy, or games, puzzles, and crafts for your kids at Toy Crazy. Be sure to try a Neapolitan-style pizza from Bettina Pizzeria before you go!

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Where to eat:

Honor Bar and Honor Market

Honor Bar on Coast Village Road in Montecito is an intimate space featuring American eats, cocktails and wine, in a trendy, lively space. Next door you can visit the Honor Market for coffee and espresso, exceptional products for the home, and top-notch artisanal take home pizza.


Oliver’s

Oliver’s is a plant-based (vegan) restaurant in Montecito that prides itself on providing a healthful yet tasteful meal—their goal is to get as close to the original form of food as possible. Oliver’s is high end cuisine but not traditional fine dining—it is a beautiful and comfortable setting.


Lucky’s

Lucky’s is a classic American steakhouse perfect for brunch, a mid-week burger, or a special occasion dinner. With unsurpassed ingredients, well-crafted cocktails, and premium wines, this restaurant is at the top of our list.

 

 
santo mezcal (@santomezcal_sb)

Santo Mezcal

Santo Mezcal’s modern contemporary Mexican cuisine is rooted in Mexican flavors and traditions that also celebrate local and seasonal ingredients from Santa Barbara and its’ surrounding regions. Stop by to enjoy a beautifully presented, delicious meal and a mouth-watering cocktail.

 

 
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Shaker Mill

Stop by the newly opened Shaker Mill on State Street for after dinner cocktails. With over 50 handcrafted drink options, you are sure to find the perfect drink to satisfy your taste buds.


Where to stay:

The Ritz-Carlton Bacara

The Ritz-Carlton Bacara, overlooking the Pacific Ocean, sprawls across 78 acres with a two-mile natural beach, lush gardens, and a collection of desirable amenities. The resort includes a day spa, tennis courts, a pool, and a golf course next door.

Rosewood Miramar Beach

The recently debuted Rosewood Miramar, sits on one of the most beautiful and exclusive beaches in Southern California. The world-class resort conveys an elegant yet casual atmosphere, offering iconic sophistication and refined modernity. Born from an era of gracious hosts welcoming guests for the season, the resort’s unparalleled level of service is attentive and professional, yet never pretentious. Enjoy luxuries such as an exclusive members-only Miramar Beach Club, a spa, and exquisite dining.

San Ysidro Ranch

Ranked among the top 25 Hotels for Travel + Leisure’s World’s Best for 2015, San Ysidro Ranch is nestled in the Montecito foothills of Southern California’s wine country, providing a tranquil vacation destination.


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The 2019 Webby Awards

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The 2019 Webby Awards

We are thrilled to share that Riskin Partners has been selected as the official 2019 Webby Awards Honoree for BEST real estate website.

This means we were in the top 20% of 13K entrees from around the world.

 

 
 
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What are the Webby Awards?

Hailed as the “Internet’s highest honor” by The New York Times, The Webby Awards, presented by the International Academy of Digital Arts and Sciences (IADAS), is the leading international awards organization honoring excellence on the Internet.

 

 

Take a look at all the best real estate website nominees and honorees!

 

 

A BIG Congratulations to all the winners, honorees, and nominees.

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Spring in Montecito: Things to Do

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Spring in Montecito: Things to Do

With blue skies, a warm breeze, beautiful blooms, and a lively culture, Montecito is a dream in the spring.

Keep reading for some fun tips on how to enjoy the season!

 

 

Upcoming events in April:

Buckles ‘n’ Brews Invitational Beer Fest | Saturday, April 20th

Stop by to enjoy a selection of over 30 select craft breweries and wineries at the recently renovated Santa Barbara Carriage Museum. Explore vintage carriage displays while sipping on a cool beverage and listening to live music. All proceeds benefit the Kiwanis Club of Santa Barbara.

SB Bowl

Santa Barbara Bowl

With sweeping views of downtown Santa Barbara and the Pacific Ocean, opt to see established artists such as Blood Orange + Christine and the Queens (April 18), Zedd (April 19) and The 1975 (April 21).

Santa Barbara Earth Day Festival | April 27-28

Get ready for two full days of entertainment, education, community-building, and fun! Enjoy the company of friends and family while celebrating our beautiful planet.

 

 

Hiking

Hiking is a great way to enjoy the prime springtime weather. Luckily, Santa Barbara is not short of breathtaking trails to explore.

 
Santa Barbara Botanic Gardens
 
 

Santa Barbara Botanic Gardens

With spring flowers in full bloom, it’s hard to imagine a better trail to explore! Designed with California native plants, explore 5 miles of trails in this 78-acre wild crafted garden.

 
Channel Islands National Park

Channel Islands National Park

If you are looking for a bit more of an adventure, head out to the Channel Islands just off the Santa Barbara coast. Whether you are looking for land or sea activities, the Channel Islands are the place to go.

Inspiration Point

Inspiration Point

Inspiration Point is a known for its panoramic ocean and city views, making it the perfect destination for clear, warm spring days! The hike is just under an 8-mile round trip, with about 1,400 feet of elevation gain.

 

 

The Beach

Butterfly Beach

Butterfly Beach

Enjoy a classic beach day at Butterfly Beach. Located just steps away from the sand, walk down to Coral Casino for oceanside drinks and dining, an olympic-size pool, a sauna, and much more.

Rosewood Miramar Beach

The recently debuted Rosewood Miramar, sits on one of the most beautiful and exclusive beaches in Southern California. Take a weekend getaway to this resort for a slice of paradise!


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