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.

1565 FRANCIS Avenue, Atlantic Beach, FL 32233 (MLS# 620619)

1565 FRANCIS Avenue, Atlantic Beach, FL 32233

$950

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,125 Status: Closed

Current Price: $950 List Date: 5/02/2012 Last Modified: 12/06/2024

Overview

Description

*****PENDING*****This is a wonderful home just blocks away from the beach. It’s a 3 bedroom 2 bath home with a family room, Dining room and beautifully updated kitchen. With a great fenced in backyard and shed, this is a perfect family home. There is a wonderful park in the neighborhood and is on a kid friendly street. Pets are allowed with review.

Listing Details MLS# 620619

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1125
Living Area Source: Measured
Year Built: 2000
Association YN: No
Association Fee Frequency: One Time
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Entry Level: Yes
Directions: Merge onto Mayport Rd via the ramp to Naval Station Mayport, Turn right onto Jackson Rd, Turn right onto Francis Ave Destination will be on the left
Public Remarks: *****PENDING*****This is a wonderful home just blocks away from the beach. It’s a 3 bedroom 2 bath home with a family room, Dining room and beautifully updated kitchen. With a great fenced in backyard and shed, this is a perfect family home. There is a wonderful park in the neighborhood and is on a kid friendly street. Pets are allowed with review.
List Price/SqFt: 0.84
Sold Price/SqFt: 0.84

Property Features

Architectural Style: Ranch Appliances: Disposal; Electric Range; Microwave; Refrigerator Interior Features: Breakfast Bar; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Patio And Porch Features: Front Porch Pool Features: None Fencing: Back Yard; Chain Link; Fenced; Full; Wood Cooling: Central Air Heating: Central Road Surface Type: Asphalt Tenant Pays: Cable TV; Electricity; Grounds Care; Water

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2012-05-02
Lease Term: 12 Months

Location Tax and Legal

Street Number: 1565
Street Name: FRANCIS
Street Suffix: Avenue
State: FL
County: Duval
Postal Code: 32233
MLS Area Major: 231-Atlantic Beach-North
Subdivision Name: Ed Smith

Status Change Information

Major Change Timestamp: 2012-08-06T15:23:40Z
Major Change Type: Status Change
Purchase Contract Date: 2012-05-14
Close Date: 2012-06-01
Close Price: 950

Deposits and Fees

Application Fee: 55
Pet Fee/Deposit: 350

More Information

Historical Information

Public Historical Remarks 1: Pet Dep (Refundable): Y, Tenant Pays Basic Phone: Y, Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Roof: Shingle
Public Historical Remarks 2: Occupancy: Negotiable, Rented Info: Heather Boyer, Parcel Size: .25 to .5 Acre, Structure-Concrete Block: Y, Exterior Wall: Aluminum Siding, Min Lease/Rent Term: 12, Self Cleaning Oven: Y
Public Historical Remarks 3: Date Available: May 14, 2012

Listing Office: SIGNATURE REALTY & MANAGEMENT

Last Updated: December - 06 - 2024

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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