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.

400 CASPIA Lane, Ponte Vedra, FL 32081 (MLS# 928275)

400 CASPIA Lane, Ponte Vedra, FL 32081

$355,000

Virtual Tour

http://www.tourfactory.com/idxr1960287

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,933 Status: Closed

Current Price: $355,000 List Date: 3/28/2018 Last Modified: 1/15/2025

Overview

Description

PRICE REDUCTION! NOW $359,900. Sharp 'almost new' Steel Creek with second floor loft offering 3 bedrooms and 3 full baths with 1933 sq. ft. living space. Imagine sitting in the gathering room (which connects onto a large screened lani) overlooking a beautiful preserve. This home includes upgraded counter depth refrigerator, drop in stove, premium kitchen cabinets, 6 high quality ceiling fans, upgraded light fixtures throughout, plank tile in most rooms, carpet, plantation shutters, water softener, large screen bird cage with no obstruction view ''picture window'' facing the preserve, large exterior patio area, 2 Sylvester palm trees, front porch with plenty of room for sitting chairs, 2nd floor offers a second living area, office/bedroom and full bath. CDD Bond is partially paid down!!

Supplements: down!!

Listing Details MLS# 928275

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1933
Living Area Source: Public Records
Year Built: 2016
Association YN: Yes
Association Fee: 182.5
Association Fee Frequency: Monthly
Association Name: Riverwood by Del Web
CDD Fee YN: Yes
CDD Fee Amount: 1240.63
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Senior Community YN: Yes
Directions: Go thru the gate and turn right at the 1st stop sign onto River Run Blvd. Take the 4th left(Foxtail Fern Way) and continue on until the 3rd right which is Caspia Lane. The address is 400 Caspia Lane
Public Remarks: PRICE REDUCTION! NOW $359,900. Sharp 'almost new' Steel Creek with second floor loft offering 3 bedrooms and 3 full baths with 1933 sq. ft. living space. Imagine sitting in the gathering room (which connects onto a large screened lani) overlooking a beautiful preserve. This home includes upgraded counter depth refrigerator, drop in stove, premium kitchen cabinets, 6 high quality ceiling fans, upgraded light fixtures throughout, plank tile in most rooms, carpet, plantation shutters, water softener, large screen bird cage with no obstruction view ''picture window'' facing the preserve, large exterior patio area, 2 Sylvester palm trees, front porch with plenty of room for sitting chairs, 2nd floor offers a second living area, office/bedroom and full bath. CDD Bond is partially paid down!!
List Price/SqFt: 186.19
Sold Price/SqFt: 183.65

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Water Softener Owned Interior Features: Entrance Foyer; Kitchen Island; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Utilities: Cable Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Front Porch; Patio Pool Features: None Spa Features: Private Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Residential Association Amenities: Clubhouse; Community Pool; Fitness Center; Jogging Path; Sauna; Spa/Hot Tub Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-03-28
Unit Type: Loft

Location Tax and Legal

Street Number: 400
Street Name: CASPIA
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Del Webb Ponte Vedra

Status Change Information

Major Change Timestamp: 2023-11-14T08:08:56Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-04-19T20:32:33Z
Purchase Contract Date: 2018-06-04
Close Date: 2018-06-21
Close Price: 355000

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Utilities-Separate Irrigation Meter: Y, Dining-Kitchen/Family Combo: Y, Club Amenities-Nature Trails: Y, Club Amenities-Game Room: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Room Information

Room Name
Family Room
Loft
Utility Room

Listing Office: COUNTRY CLUB REAL ESTATE

Last Updated: January - 15 - 2025

Information deemed reliable but not guaranteed.