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Sunday, September 22, 2024

Ponderosa home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Ponderosa rose by $12,450 while total sales decreased by 33.3%, according to BlockShopper.com.

From April through June of 2020, there were four homes sold, with a median sale price of $257,450 - a 5.1% increase over the $245,000 median sale price for the same period of the previous year. There were six homes sold in Ponderosa in the second quarter of 2019.

The median sales tax in Ponderosa for the most recent year with available data, 2019, was $833, approximately 0.3% of the median home sale price for the second quarter of 2020.

The following table compares Ponderosa to other Charleston County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Long Branch Estates51400%$295,000$235,00025.5%
Landsdowne23-33.3%$284,000$322,900-12%
Adams Run81700%$280,000$2,50011100%
Secessionville Acres13-66.7%$270,000$395,000-31.6%
Cedar Springs220%$266,950$322,250-17.2%
Ponderosa46-33.3%$257,450$245,0005.1%
Awendaw30-$255,000$0-
North Pine Point220%$248,500$273,000-9%
Church Creek46-33.3%$240,000$147,00063.3%
Summerville1626-38.5%$227,750$198,50014.7%
Lincolnville42100%$218,500$138,25058%

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