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.

1850 COLWOOD Court, Jacksonville, FL 32217 (MLS# 1077621)

1850 COLWOOD Court, Jacksonville, FL 32217

$570,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,316 Status: Closed

Current Price: $570,000 List Date: 10/12/2020 Last Modified: 10/23/2026

Overview

Description

Luxury, privacy, security and value all come together in this Epping Forest garden home. Features include high ceilings, open floor plan, wet bar plus fireplace, renovated Owners bath and kitchen, all on one floor with no tricky transitions. 2 car garage and large yard with citrus trees, nestled inside the delightful grounds of Epping Forest Yacht and Country Club. Epping Forest is San Jose's premier guard gated Yachting community with a gorgeous new marina, family pool (4 pools total!), hot tub, plus a terrific fitness center, tennis courts and kids playground. The 'Mansion' features fine dining, a delightful terrace with water views, and friendly bar where members meet for drinks. MEMBERSHIP IS NOT INCLUDED WITH PURCHASE. Ask Listing Agent for details.

Supplements: An incredible world of luxury at your fingertips, Epping Forest Yacht and Country Club is part of the Gate Hospitality Group, North East Florida's most exceptional and world class collection of hopsitality and lodging offerings, including The River Club, Ponte Vedra Inn and Club, and The Lodge and Club at Ponte Vedra. "Membership has its privledges ... (Read more)

Listing Details MLS# 1077621

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2316
Living Area Source: Public Records
Year Built: 1991
Lot Size Dimensions: 75 x 140
Association YN: Yes
Association Fee: 1557.5
Association Fee Frequency: Semi-Annually
Association Name: BMI
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From entracnce gate drive to the right onto Epping Forest Way, turn right onto Colwood Ct, drive to the end.
Public Remarks: Luxury, privacy, security and value all come together in this Epping Forest garden home. Features include high ceilings, open floor plan, wet bar plus fireplace, renovated Owners bath and kitchen, all on one floor with no tricky transitions. 2 car garage and large yard with citrus trees, nestled inside the delightful grounds of Epping Forest Yacht and Country Club. Epping Forest is San Jose's premier guard gated Yachting community with a gorgeous new marina, family pool (4 pools total!), hot tub, plus a terrific fitness center, tennis courts and kids playground. The 'Mansion' features fine dining, a delightful terrace with water views, and friendly bar where members meet for drinks. MEMBERSHIP IS NOT INCLUDED WITH PURCHASE. Ask Listing Agent for details.
List Price/SqFt: 269.86
Sold Price/SqFt: 246.11

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat Appliances: Electric Water Heater Interior Features: Split Bedrooms Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Security Features: 24 Hour Security Construction Materials: Frame; Stucco Patio And Porch Features: Patio Pool Features: None Parking Features: Attached; Garage Lot Features: Cul-De-Sac Fencing: Back Yard; Other Current Use: Residential Association Fee Includes: Trash Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-10-10

Location Tax and Legal

Street Number: 1850
Street Name: COLWOOD
Street Suffix: Court
County: Duval
State: FL
Postal Code: 32217
MLS Area Major: 012-San Jose
Subdivision Name: Epping Forest

Status Change Information

Major Change Timestamp: 2023-11-16T22:02:28Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-03-02T19:27:08Z
Purchase Contract Date: 2021-03-24
Close Date: 2021-04-15
Close Price: 570000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y
Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y

Listing Office: INI REALTY

Last Updated: October - 23 - 2026

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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