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Tuesday, September 24, 2024

Ponderosa home prices fall in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Ponderosa fell by $52,300 while total sales decreased by 12.5%, according to BlockShopper.com.

From July through December of 2018, there were seven homes sold, with a median sale price of $166,700 - a 23.9% decrease over the $219,000 median sale price for the same period of the previous year. There were eight homes sold in Ponderosa in the second half 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 half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Melrose42100%$247,450$207,50019.3%
Fenwick Hills3250%$242,000$236,0002.5%
Church Creek24-50%$228,700$230,000-0.6%
Plantation Estates16-83.3%$220,000$227,000-3.1%
Summerville1936-47.2%$205,000$183,50011.7%
Ponderosa78-12.5%$166,700$219,000-23.9%
Pierpont36-50%$155,000$168,500-8%
Adams Run10742.9%$153,354.50$140,0009.5%
North Charleston411446-7.8%$145,000$141,0002.8%
Ladson1922-13.6%$105,000$123,500-15%
Lincolnville62200%$76,000$100,000-24%

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