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.

655 SANTA TERESA Court, St. Augustine, FL 32095 (MLS# 745945)

655 SANTA TERESA Court, St. Augustine, FL 32095

$280,000

Property Type: Land Lot Size (sq. ft.): 29,185 Status: Closed

Current Price: $280,000 List Date: 11/16/2014 Last Modified: 12/19/2024

Overview

Description

PERHAPS THE BEST LOT IN PALENCIA! OVERLOOKING POND AND INTRACOASTAL. SOIL TEST COMPLETED, ENVIRONMENTAL AND TREE ASSESSMENTS COMPLETED, READY FOR YOU TO BUILD! ENJOY THE PEACE AND QUIET AND BEAUTIFUL SUNRISES THIS LOCATION AFFORDS. FABULOUS COMMUNITY AMENITIES INCLUDE TENNIS, POOLS, FITNESS CENTER, BOARDWALK TO THE INTRACOASTAL AND MORE! OWNER RELOCATING. OWNER FINANCING POSSIBLE!!

Listing Details MLS# 745945

General Property Information

Lot Size Acres: 0.67
CDD Fee YN: Yes
CDD Fee Amount: 4320
Association YN: Yes
Association Fee: 200
Association Fee Frequency: Annually
Water Body Access YN: No
Waterfront YN: Yes
Directions: I95 TO EXIT 323 (INT'L GOLF PARKWAY)EAST (cross over US 1)TO PALENCIA. GO TO CIRCLE AND GO LEFT ON N.LOOP PKWY. LEFT ON VALE, LEFT ON SANTA TERESA, LOT AT THE END OF CUL DE SAC ON LEFT
Public Remarks: PERHAPS THE BEST LOT IN PALENCIA! OVERLOOKING POND AND INTRACOASTAL. SOIL TEST COMPLETED, ENVIRONMENTAL AND TREE ASSESSMENTS COMPLETED, READY FOR YOU TO BUILD! ENJOY THE PEACE AND QUIET AND BEAUTIFUL SUNRISES THIS LOCATION AFFORDS. FABULOUS COMMUNITY AMENITIES INCLUDE TENNIS, POOLS, FITNESS CENTER, BOARDWALK TO THE INTRACOASTAL AND MORE! OWNER RELOCATING. OWNER FINANCING POSSIBLE!!
List Price/Acre: 462686.57
Sold Price/Acre: 417910.45

Property Features

Current Use: Single Family Lot Features: Cul-De-Sac; Wooded Sewer: Public Sewer Water Source: Public View: Protected Preserve; Water Waterfront Features: Intracoastal; Marsh; Pond Road Surface Type: Asphalt Association Amenities: Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Maintenance Grounds; Playground; Security; Tennis Court(s) Listing Terms: Cash; Owner May Carry Possession: Negotiable

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2014-11-15

Location Tax and Legal

Street Number: 655
Street Name: SANTA TERESA
Street Suffix: Court
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2015-05-07T20:03:48Z
Major Change Type: Status Change
Purchase Contract Date: 2015-03-20
Close Date: 2015-05-07
Close Price: 280000

Historical Information

Public Historical Remarks 1: Lot Location-Subdivision: Y, Common ClubAmenities-Club Facilities: Y, Common ClubAmenities-Nature Trails: Y, Dev Stat/Restrict-Subj to Zoning Codes: Y, Dev Stat/Restrict-Soil Borings Avail: Y, Dev Stat/Restrict-Convenants/Restrictn: Y, Lot Description-Flood Insurance Req.: Y, Lot Location-Golf Course Comm: Y, Restrict/Rquirmnts: Deed Restriction,Easement
Public Historical Remarks 2: Dev Stat/Restrict-Build to Suit: Y, Dev Stat/Restrict-Recorded Plat: Y, Dev Stat/Restrict-Deed Restriction: Y
Public Historical Remarks 3: Current Zoning: Residential

More Information

Documents

Survey ›

Listing Office: WATSON REALTY CORP

Last Updated: December - 19 - 2024

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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