Sep
29

Columbia Subdivision Getting Back on Track

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Hammers and nails are flying again in Shandon Square, an in-town Columbia neighborhood that was pummeled by the recession. But the $500,000 price tags on homes in the neighborhood have been slashed in half as Irmo-based Mungo Homes begins to build the half-finished community that it took over late last year.

The signs of life for the neighborhood, on Woodrow Street at Millwood Avenue, also are a case study of the housing-market crash and its slow climb back to a “new normal.”

Gone are the days of wine cellars. Also, gone are some old lenders. Instead, what’s working today is experience and lower prices.

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