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.

501 ORCHARD PASS Avenue, Ponte Vedra, FL 32081 (MLS# 1011558)

501 ORCHARD PASS Avenue, Ponte Vedra, FL 32081

$252,610

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,457 Status: Closed

Current Price: $252,610 List Date: 8/18/2019 Last Modified: 1/27/2025

Overview

Listing Details MLS# 1011558

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1457
Living Area Source: Plans
Year Built: 2019
Association YN: Yes
Association Fee: 182.5
Association Fee Frequency: Monthly
Association Fee 2: 270
Association Fee 2 Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 1552
New Construction YN: Yes
Garage Spaces: Yes
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 2
Entry Level: Yes
Directions: I-95 to Exit 335 East. Turj right onto US 1 South. Stay right and exit onto the Nocatee Pkwy flyover. Exit Right onto Crosswater Pkwy, followuntil you see Del Webb Ponte Vedra
List Price/SqFt: 173.38
Sold Price/SqFt: 173.38

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Accessibility Features: Accessible Common Area Property Condition: Under Construction Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Pool Features: Heated Roof: Shingle Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Multi-Family Association Amenities: Clubhouse; Community Pool; Fitness Center; Jogging Path; Tennis Court(s); Trash Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2019-08-18

Location Tax and Legal

Street Number: 501
Street Name: ORCHARD PASS
Street Suffix: Avenue
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: 2019-09-30T17:59:27Z
Major Change Type: Status Change
Purchase Contract Date: 2019-08-18
Close Date: 2019-09-27
Close Price: 252610

Historical Information

Public Historical Remarks 1: Club Amenities-Nature Trails: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Listing Office: NON MLS (realMLS)

Last Updated: January - 27 - 2025

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.