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.

1974 N LOOP Parkway, St. Augustine, FL 32095 (MLS# 1185053)

1974 N LOOP Parkway, St. Augustine, FL 32095

$550,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,268 Status: Closed

Current Price: $550,000 List Date: 8/05/2022 Last Modified: 2/17/2025

Overview

Description

Live the Palencia lifestyle! This spacious, 3 bedroom, 2.5 bath, 3-car garage, end unit townhouse is a rare find, loaded with style and livability. This well cared for unit is truly move-in ready and offers an inviting floorplan that includes a first level owner's suite, open living and dining with 10 ft. ceilings and a beautifully appointed kitchen. There's even a convenient guest half bath. Upstairs is an expansive bonus room with private balcony, 2 additional bedrooms and a full bath. The kitchen is a chef's delight with large gas cooktop, 42 inch cabinets with crown molding, gorgeous granite counters and upgraded appliances. The owner's suite is fabulous and features plenty of closet space, an en-suite bath with large dual sink vanity, separate shower and large soaking tub.

Supplements: This home has so many wonderful features such as; large format tile on diagonal throughout the main living area, high-tech gas fireplace with ornate mantel, plantation shutters throughout (some with transom windows), surround sound in the bonus room and a water softener system. The outdoor space is truly amazing with a large private pavered courtya ... (Read more)

Listing Details MLS# 1185053

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2268
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee: 138
Association Fee Frequency: Annually
Association Fee 2: 385
CDD Fee YN: Yes
CDD Fee Amount: 2807.65
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Entry Level: Yes
Directions: From the Palencia Entrance, go around the round about and take a left onto Market St. Destination is on the left.
Public Remarks: Live the Palencia lifestyle! This spacious, 3 bedroom, 2.5 bath, 3-car garage, end unit townhouse is a rare find, loaded with style and livability. This well cared for unit is truly move-in ready and offers an inviting floorplan that includes a first level owner's suite, open living and dining with 10 ft. ceilings and a beautifully appointed kitchen. There's even a convenient guest half bath. Upstairs is an expansive bonus room with private balcony, 2 additional bedrooms and a full bath. The kitchen is a chef's delight with large gas cooktop, 42 inch cabinets with crown molding, gorgeous granite counters and upgraded appliances. The owner's suite is fabulous and features plenty of closet space, an en-suite bath with large dual sink vanity, separate shower and large soaking tub.
List Price/SqFt: 251.32
Sold Price/SqFt: 242.5

Property Features

Approx Parcel Size: Other Appliances: Dishwasher; Gas Cooktop; Microwave; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Bar; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Carpet; Tile Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Concrete; Stucco Patio And Porch Features: Front Porch Current Use: Residential Association Amenities: Boat Dock; Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Maintenance Grounds; Playground; Tennis Court(s) Association Fee Includes: Insurance Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2022-08-05

Location Tax and Legal

Street Number: 1974
Street Direction Prefix: N
Street Name: LOOP
Street Suffix: Parkway
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 322-Downtown St Augustine
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2023-11-17T14:32:38Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-08-31T12:35:00Z
Purchase Contract Date: 2022-09-08
Close Date: 2022-11-01
Close Price: 550000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y, Interior aMENITIES-Prewired Audio: Y, Kitchen-Solid Surface Countertops: Y, Courtyard Entry Garage: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Dining-Living/Dining Combo: Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Structure Slab: Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Bonus Room
Utility Room

Documents

Survey ›

CDD ›

HOA ›

Seller's Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: February - 17 - 2025

Information deemed reliable but not guaranteed.