Santa Barbara named a top town for $10+ real estate

Constantia Montecito Estate sold by Riskin Associates

Riskin Associates sold this Montecito estate earlier this year for $16.8 million

A recent CNBC report listed Santa Barbara as a top town for sales of $10 million homes. Santa Barbara tied for second place with Aspen, CO with thirteen homes selling for $10 million or more in 2012. Riskin Associates closed six of the thirteen $10+ million sales, representing sellers for three, buyers for two and both buyer/seller for one sale.  All six sales were in Montecito. The report also noted that the number of homes priced at $10 million or more continues to grow,  a good indicator for the coming year. There are currently 38 homes listed in the Santa Barbara MLS over $10 million, 22 of which are located in Montecito.

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