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Wednesday, September 25, 2024

Ponderosa home prices fall in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Ponderosa fell by $55,800 while total sales decreased by 50%, according to BlockShopper.com.

From April through June of 2018, there were two homes sold, with a median sale price of $173,700 - a 24.3% decrease over the $229,500 median sale price for the same period of the previous year. There were four homes sold in Ponderosa in the second quarter of 2017.

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 second quarter of 2018.

The following table compares Ponderosa to other Charleston County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Long Branch Estates13-66.7%$236,000$252,500-6.5%
Plantation Estates34-25%$232,000$214,0008.4%
Summerville14140%$193,500$203,000-4.7%
Ravenel5425%$179,000$127,00040.9%
Melrose10-$175,190$0-
Ponderosa24-50%$173,700$229,500-24.3%
Castlewood110%$164,000$180,000-8.9%
Church Creek21100%$153,500$190,000-19.2%
North Charleston207279-25.8%$135,000$125,0008%
Ladson1113-15.4%$132,000$110,00020%
Fenwick Hills23-33.3%$130,000$234,900-44.7%

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