May brought a shift in pace across South Santa Barbara County, with overall sales up 4% year-over-year but moderating from the rapid growth of previous months—a healthy breather for the broader market. In Montecito, while the number of closings dipped from early 2025 levels, pricing surged. The median sale price jumped 41% year-over-year to $6.8M, driven by a wave of high-end activity.
At Riskin Partners, May was an exceptionally active month. We closed two significant sales: Picacho Lane (offered at $19.5M) and 790 Buena Vista Drive (offered at $8.5M), and put another 5 properties under contract. We are excited to say we currently have 15 transactions under contract. As summer begins, buyer energy remains high, particularly in the under $20M segment of the Montecito market.