Sag Harbor

As the number of Hamptons home sales catches up to past contract activity, new listings to market and the number of listings with signed contracts continued their steep declines to start off the 2021 spring selling season.

As the temperatures rise, so does the intensity to find the perfect summer home. There are several open houses this weekend, including one with spectacular water views, which will have you looking forward to summer nights on the bay. 

This Redwood home, listed with Douglas Elliman’s Enzo Morabito, offers panoramic views of Sag Harbor Cove and has its own private dock.

“Homes in the Hamptons continue to be selling quickly,” said Jennifer Friedberg of Brown Harris Stevens, “and the lion’s share​ ​of buyers have been focusing on properties that are turnkey, provide space for work from home situations, ideally located — and have a pool.”

“The land is so much more than its analysis,” John Steinbeck wrote in The Grapes of Wrath. One has to wonder how he would take pen to paper about the $17.9 million asking price on the Sag Harbor property he adored so much.

In a rare offering, three existing single and separate parcels on Little Peconic Bay in the Sag Harbor area are on the market for $10 million.

The Pulitzer Prize-winning novelist’s former house sits on a 1.8-acre peninsula overlooking Morris Cove and Upper Sag Harbor Cove just minutes from Sag Harbor Village.

The two-story home is close to the Southampton Village’s shops and restaurants, and offers plenty of space with six bedrooms, plus a carriage house with an apartment above it.

The compound offers breathtaking panoramic views over Upper Sag Harbor Cove that are the real showstopper here. Little legwork will need to be done to capitalize on those views with plans for additions already in place.

In some price points and locations, new listings are making contract movement possible. In others, it either bolsters the fact that overpricing is prevalent or demonstrates that demand is lessening from where it was in fall of 2020.