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.

1440 S BURGANDY Trail, St. Johns, FL 32259 (MLS# 1259677)

1440 S BURGANDY Trail, St. Johns, FL 32259

$815,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,487 Status: Closed

Current Price: $815,000 List Date: 12/01/2023 Last Modified: 2/03/2026

Overview

Description

This stunning pool home is located on a large preserve lot in the beautiful golf course community of Julington Creek Plantation! The home has 5 Bedrooms, 4 Bath, and an additional office, laundry room, 3 car garage, formal dining room, landing hutch, and of course an amazing screened in pool perfect for the coming season! Brand NEW ROOF will be placed on prior to closing, NEW WINDOWS, NEW CARPET, NEW WATER HEATER, NEW PAINT! Julington Creek Plantation is one of the highly desired areas in St. John's! Not to mention the amazing amenities they have.

Listing Details MLS# 1259677

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3487
Living Area Source: Public Records
Year Built: 2003
Association YN: Yes
Association Fee: 470
Association Fee Frequency: Annually
Association Name: JCP HOA
CDD Fee YN: Yes
CDD Fee Amount: 1059.21
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: Racetrack road, turn onto Flora Branch Blvd, continue straight, at the roundabout take the second exit towards Westgate, turn left onto S Burgundy Trl. The home is located on the left side.
Public Remarks: This stunning pool home is located on a large preserve lot in the beautiful golf course community of Julington Creek Plantation! The home has 5 Bedrooms, 4 Bath, and an additional office, laundry room, 3 car garage, formal dining room, landing hutch, and of course an amazing screened in pool perfect for the coming season! Brand NEW ROOF will be placed on prior to closing, NEW WINDOWS, NEW CARPET, NEW WATER HEATER, NEW PAINT! Julington Creek Plantation is one of the highly desired areas in St. John's! Not to mention the amazing amenities they have.
List Price/SqFt: 236.59
Sold Price/SqFt: 233.73

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Built-in Features; Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected Cooling: Central Air Heating: Central Water Source: Public Security Features: Smoke Detector(s) Construction Materials: Stucco Patio And Porch Features: Patio Pool Features: In Ground; Screen Enclosure Roof: Shingle Parking Features: Additional Parking Lot Features: Sprinklers In Front; Sprinklers In Rear View: Protected Preserve Fencing: Back Yard; Other Current Use: Residential; Single Family Association Amenities: Basketball Court; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Playground; Tennis Court(s) Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing Room Types: Family Room; Loft; Office; Utility Room

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2023-12-01

Location Tax and Legal

Street Number: 1440
Street Direction Prefix: S
Street Name: BURGANDY
Street Suffix: Trail
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Westgate

Status Change Information

Major Change Timestamp: 2024-03-29T00:09:57Z
Major Change Type: Status Change
Price Change Timestamp: 2024-02-08T18:16:29Z
Purchase Contract Date: 2024-02-28
Close Date: 2024-03-28
Close Price: 815000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Club Amenities-Nature Trails: Y, Football Field(s): Y, Interior Amenities-Bay/Bow Window(s): Y, Golf Course Comm: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Baseball Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Fireplace Mantle: Y
Public Historical Remarks 3: Intermediate School: Other, Occupant Type: Appointment, Call Listing Agent, Occupied - Lockbox, Occupied