Information
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Demographic Information
Sag Harbor has seen an increase in summer and part-time owners over the past 15 years. It's senior citizen population of almost 20% has been eclipsed by an even larger demographic group: families with school-age children.Noyac has grown, although very little, from a population of 2,118 to 2,127. North Haven has also had a marginal increase in population, from 738 to 747.
Dr. John Barnes, former Superintendent of Schools, suggested that a lot of families with young children are choosing to buy within the Sag Harbor School District because of "certain qualities not found elsewhere." The real estate market is active, and Sag Harbor has a lot of room to grow.
A B.O.C.E.S. study suggests that the Sag Harbor School District could sustain a potential population of 14,148 people. The density of the school district is only 26 pupils per square mile, among the lowest on the East End.
Presently, only about 11% of Sag Harbor, Noyac and North Haven agreage is used for residential purposes, and almost 45% is completely vacant of any construction. Jane Holden, a Sag Harbor Real Estate broker concurs. "The housing market is doing very well. There is a lot of activity going on," she said. "Young couples are moving up, and new couples are moving into the Village."
"People are moving their businesses and careers here," she said. When asked what the reasons were for the influx of new, younger childbearing residents, she said it's Sag Harbor as a whole: the atmosphere, the prices. Plus, with the electronic revolution now in stride, a person doesn't need to spend as much time in New York City to get work done.
That may be so. Of the houses in the area, half are inhabited year-round. And only 20% of them are rentals. Lower-priced homes are being sold as year-round and higher-priced ones are being sold as seasonal, according to the B.O.C.E.S. report. That would suggest that families just starting out are buying the majority of year-round homes and older, more affluent buyers are serving as "summer people."
By 1994, the price of an average home increased steadily to $200,000, and there was an increase in the number of homes sold (130). Housing turnover ranges from 3% to 5% per year. That's a lot of movement, and doesn't include new homes being built.
Sag Harbor has a second personality as a retirement village. The median age of 42.8 years is higher than Southampton and East Hampton Towns. However, moving to warmer climates and perceived lower taxes down South has taken a bite out of that population.
The trend towards younger homeowners continues in Sag Harbor. Forty-one percent of the buyers had children under 18 in 1990. Meanwhile, only 16% of the sellers had school-age children.
Source: Sag Harbor Express
Year Round Residents
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(East Hampton Town) |
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(Southampton Town) |
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* 1999 Survey by the Long Island Power Authority (LIPA)