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Sunday, November 24, 2024

Ponderosa home prices rise in 2019

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The median sale price of a home sold in 2019 in Ponderosa rose by $25,000 while total sales increased by 61.5%, according to BlockShopper.com.

From January through December of 2019, there were 21 homes sold, with a median sale price of $200,000 - a 14.3% increase over the $175,000 median sale price for the previous year. There were 13 homes sold in Ponderosa in 2018.

The median sales tax in Ponderosa for 2019 was $833. In 2018, the median sales tax was $772. This marks an increase of 7.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.4%.

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

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Pierpont114175%$230,000$154,00049.4%
Adams Run2425-4%$218,000$175,00024.6%
Melrose56-16.7%$217,500$214,9501.2%
Summerville1126962.3%$217,000$207,2004.7%
Fenwick Hills1317-23.5%$205,200$255,000-19.5%
Ponderosa211361.5%$200,000$175,00014.3%
North Charleston1,5191,00251.6%$159,695$140,00014.1%
Ladson11452119.2%$147,500$119,45023.5%
Castlewood12-50%$137,500$133,5003%
Lincolnville15887.5%$125,000$189,500-34%
Wildwood34-25%$117,000$65,00080%

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