Ponderosa home prices rise in the fourth quarter of 2017

Ponderosa home prices rise in the fourth quarter of 2017
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The median sale price of a home sold in the fourth quarter of 2017 in Ponderosa rose by $16,000 while total sales increased by 25%, according to BlockShopper.com.

From October through December of 2017, there were five homes sold, with a median sale price of $226,000 – a 7.6% increase over the $210,000 median sale price for the same period of the previous year. There were four homes sold in Ponderosa in the fourth quarter of 2016.

The median sales tax in Ponderosa for the most recent year with available data, 2015, was $736, approximately 0.3% of the median home sale price for the fourth quarter of 2017.

The following table compares Ponderosa to other Charleston County cities with similar median sales prices in the fourth quarter of 2017:

City Oct. – Dec. 2017 Home Sales Oct. – Dec. 2016 Home Sales % change (Total Home Sales) Oct. – Dec. 2017 Median Sales Price Oct. – Dec. 2016 Median Sales Price % change (Median Sales Price)
Drayton 3 5 -40% $275,000 $237,000 16%
Laurel Park 1 2 -50% $275,000 $327,500 -16%
McClellanville 4 5 -20% $247,050 $270,000 -8.5%
Church Creek 1 5 -80% $230,000 $199,900 15.1%
Plantation Estates 4 0 $227,000 $0
Ponderosa 5 4 25% $226,000 $210,000 7.6%
Hollywood 12 9 33.3% $225,000 $356,000 -36.8%
Forest Lakes 1 1 0% $210,000 $205,000 2.4%
Whitehall Terrace 1 3 -66.7% $189,100 $289,700 -34.7%
Castlewood 1 1 0% $188,000 $66,000 184.8%
Adams Run 2 10 -80% $182,350 $118,950 53.3%


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