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Monday, November 25, 2024

Ponderosa home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Ponderosa fell by $68,000 while total sales increased by 22.2%, according to BlockShopper.com.

From January through June of 2017, there were 11 homes sold, with a median sale price of $132,000 - a 34% decrease over the $200,000 median sale price for the same period of the previous year. There were nine homes sold in Ponderosa in the first half of 2016.

The median sales tax in Ponderosa for the most recent year with available data, 2015, was $736, approximately 0.6% of the median home sale price for the first half of 2017.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Church Creek36-50%$190,000$205,850-7.7%
Summerville3040-25%$187,250$179,2004.5%
Castlewood24-50%$180,000$109,00065.1%
Melrose35-40%$165,000$200,000-17.5%
Lincolnville110%$158,000$408,900-61.4%
Pierpont101900%$147,000$183,000-19.7%
Ravenel813-38.5%$142,000$110,00029.1%
Ponderosa11922.2%$132,000$200,000-34%
North Charleston496619-19.9%$125,000$117,5006.4%
Ladson2437-35.1%$109,500$98,00011.7%
Adams Run1327-51.9%$80,000$85,000-5.9%

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