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Tuesday, September 24, 2024

Ponderosa home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Ponderosa fell by $52,000 while total sales increased by 66.7%, according to BlockShopper.com.

From January through March of 2019, there were five homes sold, with a median sale price of $167,000 - a 23.7% decrease over the $219,000 median sale price for the same period of the previous year. There were three homes sold in Ponderosa in the first quarter of 2018.

The median sales tax in Ponderosa for the most recent year with available data, 2015, was $736, approximately 0.4% of the median home sale price for the first quarter of 2019.

The following table compares Ponderosa to other Charleston County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Lincolnville20-$231,000$0-
Adams Run46-33.3%$230,650$128,23279.9%
Pierpont31200%$230,000$95,000142.1%
North Pine Point20-$210,000$0-
Summerville1314-7.1%$186,336$192,500-3.2%
Ponderosa5366.7%$167,000$219,000-23.7%
North Charleston183190-3.7%$158,750$139,45013.8%
Awendaw14-75%$155,000$200,800-22.8%
Fenwick Hills10-$150,000$0-
Ladson164300%$142,200$120,25018.3%
Wildwood110%$117,000$95,00023.2%

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