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.

221 COLIMA Court 1013, Ponte Vedra Beach, FL 32082 (MLS# 1205271)

221 COLIMA Court 1013, Ponte Vedra Beach, FL 32082

$210,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,065 Status: Closed

Current Price: $210,000 List Date: 12/21/2022 Last Modified: 8/13/2026

Overview

Description

2/2 GROUND FLOOR unit. Will need some fix up. Carpet/Paint/Appliances all are original and will need replaced.

Listing Details MLS# 1205271

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1065
Living Area Source: Public Records
Year Built: 1996
Association YN: Yes
Association Fee: 311
Association Fee Frequency: Monthly
Association Name: Grand Cay Condo
Association Phone: 904-641-1858
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 3
Entry Level: Yes
Directions: From JTB , south on AIA, Right on ATP Blvd, Right into Grand Cay Villas, go through gate and turn right and go around the back
Public Remarks: 2/2 GROUND FLOOR unit. Will need some fix up. Carpet/Paint/Appliances all are original and will need replaced.
List Price/SqFt: 224.41
Sold Price/SqFt: 197.18

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Washer Interior Features: Primary Downstairs Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Stucco Patio And Porch Features: Porch; Screened Parking Features: Assigned; On Street Current Use: Multi-Family; Residential Association Amenities: Car Wash Area; Clubhouse; Community Pool; Fitness Center; Maintenance Grounds; Playground; Trash Association Fee Includes: Insurance; Maintenance Grounds Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2022-12-18

Location Tax and Legal

Street Number: 221
Street Name: COLIMA
Street Suffix: Court
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 262-Ponte Vedra Beach-W Of A1A-S Of Solana Rd
Subdivision Name: Grand Cay Villas Condo

Status Change Information

Major Change Timestamp: 2023-01-06T21:29:12Z
Major Change Type: Status Change
Purchase Contract Date: 2022-12-27
Close Date: 2023-01-06
Close Price: 210000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y

Listing Office: WATSON REALTY CORP

Last Updated: August - 13 - 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.