Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

117 COOL SPRINGS Avenue, Ponte Vedra, FL 32081 (MLS# 1231852)

117 COOL SPRINGS Avenue, Ponte Vedra, FL 32081

$530,000

Property Type: Residential Income Bedrooms: 3 Baths: 2 Square Footage: 1,823 Lot Size (sq. ft.): 479 Status: Closed

Current Price: $530,000 List Date: 1/07/2024 Last Modified: 2/24/2025

Overview

Description

Big holiday Price reduction ! Now is the time. Offering 5.99% for as long as it last. Toll Brothers presents the Egret plan, 1 story 3 bedroom. This home is ready to go. Great designer features of gourmet kitchen, trey ceilings, Luxury vinyl flooring among the many upgrades. Open plan that is perfect for entertaining. Great room opens out to lanai with gas hookup for your grill and Florida Lifestyle. Very spacious bedroom 2 and 3. A surprise area for office, wine room or extra storage. This is a must see if you need that perfect one story right a way. Convenient to shopping, dining and amentias. Enjoy the Nocatee lifestyle! Don't delay for this pretty home.

Listing Details MLS# 1231852

General Property Information

Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1823
Living Area Source: Plans
New Construction YN: Yes
Estimated Completion Date: 2024-01-03
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.011
Association YN: Yes
Association Fee: 215
Association Fee Frequency: Monthly
Association Name: BCM
CDD Fee YN: Yes
CDD Fee Amount: 1761
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From A1A and US1 ,, take Nocatee Pkwy, exit Crosswater Pkwy south, at traffic light turn right onto Noocatee Village Dr., will turn into West End
Public Remarks: Big holiday Price reduction ! Now is the time. Offering 5.99% for as long as it last. Toll Brothers presents the Egret plan, 1 story 3 bedroom. This home is ready to go. Great designer features of gourmet kitchen, trey ceilings, Luxury vinyl flooring among the many upgrades. Open plan that is perfect for entertaining. Great room opens out to lanai with gas hookup for your grill and Florida Lifestyle. Very spacious bedroom 2 and 3. A surprise area for office, wine room or extra storage. This is a must see if you need that perfect one story right a way. Convenient to shopping, dining and amentias. Enjoy the Nocatee lifestyle! Don't delay for this pretty home.
List Price/SqFt: 301.7
Sold Price/SqFt: 290.73

Property Features

Appliances: Dishwasher; Disposal; Gas Water Heater; Microwave Construction Materials: Fiber Cement; Frame Cooling: Central Air Current Use: Residential Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Other Parking Features: Attached; Garage Pool Features: None Possession: Negotiable Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available; Natural Gas Connected; Separate Electric Meters; Separate Gas Meters; Separate Water Meters Water Source: Public

Contract Information

Listing Contract Date: 2023-06-11
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 117
Street Name: COOL SPRINGS
Street Suffix: Avenue
County: St. Johns
State: FL
Postal Code: 32081
Subdivision Name: West End At Town Center
MLS Area Major: 272-Nocatee South

Status Change Information

Major Change Timestamp: 2024-03-10T19:19:27Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-21T16:42:17Z
Purchase Contract Date: 2024-02-01
Close Date: 2024-02-15
Close Price: 530000

Currently Not Used

Property Attached YN: Yes

More Information

DPR Eligible

DPR Eligible: Yes

Historical Information

Public Historical Remarks 1: Present Rental Terms: Less than .25 Acre, One Bedroom Rentals: Great Room,Laundry/Utility (inside)
Public Historical Remarks 2: Det Heat SQFT: 1761.00
Public Historical Remarks 3: Current Zoning: Y

Documents

Diagram ›

Exterior Selection ›

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: February - 24 - 2025

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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