Montecito’s Largest Real Estate Deal of the Year Secured by #1 Real Estate Team Riskin Associates with Fernald Point Property Listed at $28M
Posted by Sara Thandi — June 4, 2014
MONTECITO, CA - Santa Barbara’s top real estate team, Riskin Associates of Village Properties Realtors, exclusively affiliated with Christie’s International Real Estate, was the listing agent for the highest priced residential sale of 2014 thus far. Commanding a list price of $28,000,000 the approx. 3-acre Fernald Point property included 300+/- feet of sandy beach frontage and coastal views spanning from Carpinteria to the Santa Barbara Harbor. The property closed escrow in late April, marking the beginning of a market pick up in the high end.
Luxury real estate markets in major metropolitan areas such as Los Angeles, New York and London have been booming for a few years now. “During that time the high end market in Santa Barbara and Montecito was relatively slow. Recently, we've seen a nice pick-up in sales over $7M” says Riskin Associates Partner Dina Landi, “But we still have a lot of inventory.”
The staggering sale on Fernald Point contributes to Riskin Associates’ impressive sales total, so far this year the team has closed over $70 million dollars in luxury real estate transactions. On top of their closed 2014 transactions, the team has a number of additional high-end properties currently in escrow, ranging from $7,950,000 to $14,900,000. This recent shift in the market has the team at their busiest since 2012, when they totaled over $225 million in sales for the year.
Their unique team approach allows Riskin Associates partner’s Rebecca Riskin, Sarah Kelly and Dina Landi to always be available. “During a hot market, working as a team allows us to maintain an unparalleled level of service, with attention to every detail and anticipation of every client’s need" says Rebecca. Clients appreciate the team’s intimate involvement with every aspect of a transaction.
About Riskin Associates
Proudly representing properties of distinction in the exclusive areas of Montecito, Hope Ranch and Santa Barbara, Riskin Associates has been the top selling Santa Barbara real estate team for the past decade. Founded by 34-year real estate veteran Rebecca Riskin, the award-winning team lists some of the most coveted estates on the south coast. In their 10 successful years together, agents Rebecca Riskin, Sarah Kelly and Dina Landi have closed transactions in excess of $1.1 billion. Recognized as Santa Barbara’s #1 team, no one understands the high-end Montecito real estate market and the needs of luxury home buyers and sellers like Riskin Associates. For more information about Riskin Associates or their listings go to: www.riskinproperties.com.