Sag Harbor, NY, Real Estate Market Prices, Trends, and Forecast 2023

September 14, 2023
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Located on the eastern end of Long Island, Sag Harbor is a historic whaling village turned artist's haven. Its quaint streets are lined with beautifully preserved 18th and 19th-century homes, making it feel like a step back in time. The village is known for its thriving arts scene, rich maritime history, and creative spirit. With diverse housing options and a desirable community, Sag Harbor has something for everyone. Read on to get the inside scoop on this competitive real estate market.

About Sag Harbor

Life in Sag Harbor, NY, provides a comfortable rural feel perfect for homebuyers looking for green areas, a consistent neighborhood, and a family-friendly area with plenty of adventures waiting around every corner. The Bay Street Theater offers regular live shows and entertainment, connecting residents to modern arts and entertainment. If you're interested in the area's history, visit the Sag Harbor Whaling and Historical Museum — or simply walk down Main Street and check out the historic buildings.

For outdoor enthusiasts, Sag Harbor delivers plenty of opportunities to stretch your athletic prowess. Residents can enjoy the natural beauty of Havens Beach from the shore or head out kayaking or paddleboarding for an incredible experience. There's also easy and convenient hiking around parks, like the John Steinbeck Waterfront Park, and plenty of chances to enjoy the great outdoors. Fortunately, 2023 could be the perfect time to invest in the home of your dreams right here in Sag Harbor.

Sag Harbor housing market forecast for 2023: What to expect

If you're considering buying property in Sag Harbor, now is the perfect time to move forward with your home purchase. Homes in other areas of the country may have dipped slightly in value throughout 2023 due to rising interest rates, and some areas have seen decreased interest in moving away from major cities as people return to in-person work. However, the real estate market in Sag Harbor remains strong, with many homes increasing in value and home sales continuing to thrive. When properties in this popular area go on the market, many buyers are eager to snatch them up, which helps keep the market thriving. That means several things for people interested in moving into the area.

You'll have properties to choose from

Plenty of homes are for sale in Sag Harbor, including waterfront homes with all the latest luxury amenities, such as private pools, multiple bedrooms, outdoor decks, and more. Many of the homes in Sag Harbor include gorgeous full-length windows so you can take in the fantastic views of the area without ever having to leave the comfort of your living room. These properties also feature plenty of foliage, so you can watch the leaves change with the seasons, all from your front porch.

Your home's value will continue to increase

Real estate is often a solid investment. When you add a Sag Harbor home to your portfolio, whether you want to live in it or operate as a landlord, you'll find that its value increases steadily over the years. While Sag Harbor has a relatively stable population, people continue to move into the area as the years pass, and many people find that property value increases yearly.

The Sag Harbor real estate market: Should you invest?

Investing in real estate is always a big decision. However, if you're looking for luxury real estate that will continue to fit your needs and those of your family members, you'll find that Sag Harbor is an excellent choice. The Sag Harbor area is filled with benefits that make it the perfect place to call home.

Luxury homes

Sag Harbor offers luxury homes with the best scenic views. You can find the home of your dreams nestled in these tree-filled properties, including waterfront properties where you can simply walk out your door and head down to the beach. Properties include private docks and beach access to fulfill your dreams of living full-time in a coastal haven.

Space to explore

Sag Harbor properties tend to include larger yards where your children and family members can easily roam around and enjoy themselves. Even if you choose a smaller property, neighborhood parks and beach access mean there's always something new to explore. Take a walk along the beach, head out kayaking or paddleboarding, or simply watch while the kids play at the park; there are plenty of options to choose from.

Privately owned shops and restaurants

Along Main Street in Sag Harbor, you'll find a long list of small shops and restaurants, allowing you to get away from the big-box feel of the city and relax. If you're looking for unique gifts or the perfect coffee shop to call your new favorite, Sag Harbor delivers.

Community events

Community events, from festivals and fairs to holiday celebrations, often fill the streets of Sag Harbor. That makes it the perfect place to get to know your neighbors, connect with the community, and then retreat to your private property when the day ends.

Expert tips for buying and selling in Sag Harbor in 2023

If you're thinking about buying or selling real estate in Sag Harbor in 2023, there are several key steps you may need to keep in mind:

Set your budget before you start looking

It's easy to fall in love with the many properties in Sag Harbor, especially with the luxury amenities and stunning waterfront views. However, before you start your home search, take the time to set your budget and know what you're looking for.

Identify your must-haves

Whether you're planning to invest as a landlord or you want to live in the property, you likely have some must-have items in mind for your new property. It might need to have a specific number of bedrooms or bathrooms, or you might need a private dock so that you can easily launch out onto the water whenever the mood suits you. Identify those must-haves ahead of time to make it easier to find the property that best fits your needs.

Prepare to negotiate

Negotiation is a crucial part of the process of both buying and selling. Prepare to negotiate to arrive at a price that fits your needs and reflects the property's value.

Remember that location matters

When you're looking for a new home, it's essential to consider your location carefully. You want a property that fits those location goals, whether it's a waterfront property or one close to parks, schools, or other local attractions. If you're selling, highlight the benefits of your location so buyers will see its worth.

Seek the Sag Harbor home of your dreams today

Whether you're looking to invest in real estate as a landlord or you're hoping to move into a property in stunning Sag Harbor, Christopher Covert can help you find a Sag Harbor home that fits your needs. As one of the top real estate agents in New York, Christopher Covert can help you find the home that’s right for you. Get in touch today to learn more about these gorgeous properties, their amenities, and how you can invest.

*Header photo courtesy of Christopher Covert

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