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Tuesday, September 24, 2024

Ponderosa home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Ponderosa fell by $52,000 while total sales increased by 80%, according to BlockShopper.com.

From January through June of 2019, there were nine 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 five homes sold in Ponderosa in the first half 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 half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Landsdowne58-37.5%$260,000$232,63611.8%
Lincolnville20-$231,000$0-
Adams Run412-66.7%$230,650$128,23279.9%
Pierpont61500%$225,000$95,000136.8%
Summerville2028-28.6%$194,250$192,5000.9%
Ponderosa9580%$167,000$219,000-23.7%
North Charleston356397-10.3%$160,000$137,00016.8%
Awendaw15-80%$155,000$236,600-34.5%
Church Creek34-25%$147,000$177,000-16.9%
Ladson281586.7%$142,250$131,5008.2%
Melrose110%$124,000$175,190-29.2%

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