Seawatch Home Prices in Kure Beach NC drop 25%

By
Real Estate Agent with (owner) JustNewListings.com Realty, Inc.

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:

most expensive Seawatch home sold 2011

red Seawatch home in Kure Beach

How is the Seawatch Homes Market in 2012 Doing?

Kure beach seawatch list prices down 25%

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.

Seawatch homes prices since 2009 down 37 percent

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.

 

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