Seawatch is a super colorfula and cozy neighborhood of homes in Kure Beach NC. If you're not familiar with Seawatch homes Kure Beach here are a couple of pics:
How is the Seawatch Homes Market in 2012 Doing?
So far since a year ago list prices are down 25% from a year ago. The last sale was in September 2011. For some perspective view the market data going back to 2009 for seawatch homes.
With this somewhat of a boutique community not having many homes-- 113 -- one has be careful not to read too much into the data and reserve judgement. As I develop instincts for this niche I'll have a lot more to say about it.