Cedar Bay in Jacksonville

Cedar Bay
Homes for Sale in Jacksonville, FL

All 3,939 homes for sale in Jacksonville, FL · median $299,850 · 311 homes for sale in 32218 · Duval County homes for sale

Community in Jacksonville · Duval County · ZIP 32218
255 homesBuilt 1928–2024Median sale $295K
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Live Market Pulse
27/100
Market Heat
Cooler than normal
2013 → 2026 · 91 at the 2022 peak
0 is Cedar Bay's coldest market since 2013, 100 its hottest. Today: 27. How it's scored

Photo courtesy of EGI REAL ESTATE · via realMLS

Built fromLive realMLS data24 years of closingsFL DOR public recordsUpdated twice daily

Over the 12 months ending 2026-09-22, 6 recorded sales closed at a median of $294,950, $141 per square foot, a median 50 days on market, sellers accepting 97% of original asking (-13% versus the prior year). Homes listed or recently sold were built 2010–2014; 7 of 7 report an HOA (median $47/mo); none of the 7 geocoded homes sit in a FEMA special flood hazard zone (median elevation 26 ft). At the median price and Duval County's FY2025-26 rate of 17.86 mills, annual property tax runs about $5,270 ($4,530 with the full homestead exemption).

Cedar Bay key facts
LocationJacksonville, Duval County, FL · ZIP 32218
Home types (current listings and sales)single-family 100%
Amenities listed by sellersPlayground, Management - Off Site, Park
Sale prices, last 12 months$294,950 median across 6 closed sales · $141 per sq ft · -13.0% vs the prior 12 months
Days on market (closed sales)50 median
For sale right now0 active, 1 pending
Zoned public schoolsFirst Coast High School (Duval County Public Schools); verify by address; Oceanway Middle School (verify by address); New Berlin Elementary School (verify by address) (A, FLDOE 2025-26)

Data as of September 22, 2026. Data provided by realMLS. Market figures describe homes, not residents. Cite as: Momentum Realty, “Cedar Bay key facts,” movewithmomentum.com/neighborhoods/cedar-bay-jacksonville, data as of September 22, 2026.

Live · Cedar Bay Housing Pulse realMLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$295K
Median sold · 12 mo
down 13.0% vs the prior 12 months
-13.0%
1-yr price change
n = 6 and 5 sales in the two windows
$141/sf
Sold $/sqft · 12 mo
peak $162 in 2023
96.7%
Sale vs ask
Duval median: 96.2%
+48%
T12M median vs 2012
from a $200K median in 2012
Tempo
50days
Median DOM · closed
8 days at the 2022 low
100%
Under contract
Duval: 30% (1,674 of 5,552)
0 · 1
For sale · pending
live counts, refreshed twice daily
6
Sold · last 12 mo
10-yr average: about 10 a year
Ownership and context
81%
Owner-occupied · Cedar Bay
213 of 264 parcels homesteaded (FL DOR 2025)
19%
Non-owner-occupied · Cedar Bay
incl. 5% trust or LLC-held · 4% out-of-state
255
Homes in the community
plus 9 vacant residential lots · 264 residential parcels (FL DOR 2025)
Track record · 24 years of records
8
Recorded sales · 2024-2025
median $455K · qualified sales on the county roll (FL DOR 2025)
Est. 1928
Community established
homes built 1928-2024, median 2013 (FL DOR 2025)
2,190sqft
Median sold home size
12-mo windows, closed sales
2.4%/yr
Turnover rate
about 6 of 255 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Cedar Bay's price story starts with a stock that runs deep: the community's 255 homes were built anywhere from 1928 to 2024, with a median build year of 2013 and a median living area of 2,589 square feet. That spread — older construction sitting alongside homes built within the last dozen years — puts more weight on a given home's age and condition at the point of sale than on any single street or section. At a median price of $299,947 and $142.57 per square foot, Cedar Bay is priced in line with what that mix in age and size would suggest.

The current posture is soft. Our heat score for Cedar Bay reads 14, homes are taking a median of 102 days to sell, and the last 6 closings we tracked came in 17.1% below where prices stood a year earlier. There are zero active listings at the moment, so the visible market here is thin right now — sellers should not assume a quick sale, and buyers watching for inventory need to be ready to move when something does list. Zoomed out, prices are still up 63% since 2012, so the recent pullback reads as a cooling-off from a longer run rather than a collapse.

Cedar Bay Housing Pulse · Momentum Research · as of September 22, 2026

Cedar Bay right now

🔴 Off the recent peak. The trailing-12-month median ($295K) is down 13.0% from the prior 12 months ($339K) and up 48% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level realMLS closed sales, 12-month windows ending September 22. Confidence: Low (6 and 5 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated September 23, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

Cedar Bay market snapshot (as of September 22, 2026): the median sale price is about $295K ($141 per sq ft over the trailing 12 months of closed sales), and a median 50 days on market for closed sales. The trailing-12-month median is down 13% from the prior 12 months and up 48% since 2012, computed from record-level realMLS closed sales (6 closings in the current window).

In ZIP 32218 (Jacksonville), 1,155 homes closed in the last 12 months at a median of $301K ($173/sq ft), up 0.0% year over year, with a median 41 days on market. Right now 231 active and 146 pending listings put supply at about 3.2 months — a healthy market. See the live ZIP 32218 housing market and the Duval County market.

County records show 8 qualified sales in Cedar Bay across 2024–2025 (3 in 2024, 5 in 2025), median $455,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Cedar Bay is a community of 255 homes in Jacksonville, Duval County, built between 1928 and 2024 (median 2013.0), with a median living area of about 2,589 square feet. 81% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Cedar Bay is a 255-home community in Duval County with a build era spanning nearly a century, though its median year built of 2013 and median living space of 2,589 square feet point to a stock that trends newer and larger than the raw range alone implies.

Best for

  • Buyers prioritizing living space who are flexible on the exact age of construction.
  • Buyers working with an agent who can surface opportunities in a market with zero current active listings.
  • Owner-occupant buyers planning to stay long-term, given how much of the stock here carries a homestead exemption.

Probably not for

  • Buyers who need to close on a short timeline — a 102-day median days-on-market and zero active listings work against speed.
  • Sellers expecting a fast sale in the current soft-heat environment (heat score of 14).
  • Buyers who want a uniform, single-era streetscape rather than a mix spanning 1928 to 2024.

Windows contain 0 to 28 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$200K$300K$400K20122014201620182020202220242026
Down 13.0% year over year; up 48% since 2012.
Every sale since 2002 · price vs size
$0$200K$400K2k3k4k5k
191 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$15020122014201620182020202220242026
Up from $78 in 2012 to a $162 peak in 2023; $141 now.
Median days on market · closed sales
05010020122014201620182020202220242026
8 days at the 2022 low; 50 now.
Sale price vs original ask · median
95%100%20122014201620182020202220242026
96.7% now vs Duval 96.2%.
Homes sold per 12-mo window
010203020122014201620182020202220242026
0 to 28 a year; 6 in the current window.
Indexed since 2012 · Cedar Bay vs Duval
100200300Duval +182%Cedar Bay +48%20122014201620182020202220242026
Same realMLS record, indexed to 100 at 2012.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning201420162018202020222026
91 at the 2022 peak, 20 in the troughs, 27 now. Same score as the hero card, full history.
How much local inventory is already under contract

35% of homes for sale in ZIP 32218 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-23).

Cedar Bay Market Scorecard

Balanced

Cedar Bay is currently a balanced market..

$294,950
Median sold
0/1/6
Active/Pend/Sold

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: realMLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Housing distress & ownership in Cedar Bay, Jacksonville

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 2 listings
Distress share trend — 0.0% now (2026-08-12 → 2026-09-22)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Source: Data provided by realMLS. Deemed reliable but not guaranteed.

Homes For Sale Right Now in Cedar Bay

Live MLS inventory for Cedar Bay. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Cedar Bay listings as of 2026-09-22, priced high to low. Source: Data provided by realMLS. Tap any home to ask about it.

Listing locations from realMLS. Map data © OpenStreetMap, tiles © CARTO.

Community amenities as reported across realMLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.

Schools

In short
  • Duval County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • First Coast High School (Duval County Public Schools); verify by address · High
  • Oceanway Middle School (verify by address) · Middle
  • New Berlin Elementary School (verify by address)FLDOE grade A · Elementary

Grades are official Florida Department of Education school grades for 2025-26. Assignments are reported as of the 2025-26 year and can change; always confirm with Duval County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Cedar Bay address.

Recent Developments in Cedar Bay

Development, infrastructure, retail, and school activity affecting Cedar Bay, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

Dev Momentum81/100 · High
  1. July 2026
    Development

    JWB secures funding for 108 affordable housing units in Jacksonville

    Jacksonville Today reported that JWB Real Estate Capital secured about $28.59 million in gap funding for 108 income-restricted units across three Westside sites on Tracy, Justina and Ricker roads. Plans include 38 townhome-style units and two sets of 35 efficiency units, priced at or below 60% of area median income for 50 years. Groundbreaking is expected by September 2026 with completion in 2027.

    What it may mean for the marketAdds new income-restricted rental and townhome housing supply on the Westside, increasing the stock of long-term affordable units and drawing public and tax-credit investment into three infill sites. The project is about 15 miles southwest of Cedar Bay, elsewhere in Duval County.

    Source: Jacksonville Today
  2. July 2026
    Development

    Culinary Institute of America selects Jacksonville for Southeast campus

    News4Jax reported that the Culinary Institute of America chose downtown Jacksonville for its Southeast hub, to be located at 330 E. Bay Street on the Northbank riverfront. The campus would anchor a $160.5 million hotel and convention center development. The city previously approved up to $35 million in incentives, and the Downtown Investment Authority is finalizing agreements on design and property details.

    What it may mean for the marketAnchors a major downtown riverfront redevelopment that pairs an educational campus with hotel and convention space, adding institutional and commercial investment to the urban core alongside Riverfront Plaza and Pearl Square. The project is about 8 miles south of Cedar Bay, elsewhere in Duval County.

    Source: News4Jax
  3. June 2026
    Development

    Hillwood contracts with the City of Jacksonville for 192 acres at AllianceFlorida at Cecil Commerce Center

    Master developer Hillwood contracted with the City of Jacksonville for 192 acres at AllianceFlorida at Cecil Commerce Center on Jacksonville's Westside, continuing the buildout of the former Naval Air Station Cecil Field into an industrial and logistics park.

    What it may mean for the marketContinued absorption of large industrial parcels at Cecil signals sustained employment growth on the Westside, which can support housing demand across nearby communities. The project is about 21 miles southwest of Cedar Bay, elsewhere in Duval County.

    Source: Jax Daily Record
  4. April 2026
    Development

    Southeast Toyota opens $170M vehicle-processing facility at JAXPORT's Blount Island, adding 400-plus jobs

    Southeast Toyota Distributors dedicated a new vehicle processing facility at JAXPORT's Blount Island Marine Terminal in April 2026. The company put the investment at $170 million and said the facility created more than 400 full-time jobs, most of them hired locally.

    What it may mean for the marketA large new employment center on Blount Island adds sustained local job demand, a factor that has historically supported nearby housing absorption. The site is about 8 miles southeast of Cedar Bay.

    Source: JAXPORT
  5. April 2026
    Development

    Hillwood seeks to mass-grade an AllianceFlorida site for a possible 1 million-square-foot building

    Hillwood asked to mass grade a site at AllianceFlorida at Cecil Commerce Center to prepare for a possible 1 million-square-foot building, a step that typically precedes a large industrial or distribution user committing to the Westside park.

    What it may mean for the marketA build-ready million-square-foot pad points to a potential large employer on the Westside, the kind of jobs anchor that can lift demand for nearby housing. The project is about 21 miles southwest of Cedar Bay, elsewhere in Duval County.

    Source: Jax Daily Record
  6. February 2026
    Infrastructure

    JAXPORT details $250M Blount Island modernization and record cargo in 2026 State of the Ports

    At its February 2026 State of the Ports address, JAXPORT outlined a $250 million modernization of Blount Island's container and vehicle-handling capabilities and reported record fiscal-2025 cargo volumes. The port also said an air-draft expansion to accommodate larger ships is on track to finish by the end of 2026.

    What it may mean for the marketContinued heavy investment in the Blount Island port complex anchors long-term industrial employment on the northeast side, a structural demand driver for the surrounding area. The site is about 8 miles southeast of Cedar Bay.

    Source: News4Jax

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Cedar Bay today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Cedar Bay.

Best Buy
Buyers comfortable shopping a wide range of home ages and prioritizing space over a single uniform build era.
Biggest Risk
With zero active listings, there is currently no visible inventory to shop.
Sweet Spot
Homes built closer to the 2013 median tend to bridge the community's older and newer stock.
Avoid If
You need to move on a short timeline — a 102-day median days-on-market and no current listings work against speed.

A Wide Build Era, A Thin Sales Window

The spread between Cedar Bay's oldest home (1928) and its newest (2024) is unusual for a single community, and it means two buyers shopping 'Cedar Bay' can be looking at very different products depending on the section and vintage. With a median year built of 2013 and 80.7% of homes carrying a homestead exemption, most of the stock here is not cycling through as short-term rental or investment turnover — worth knowing if you're trying to read how much of the market you'll actually see listed at any given time.

On amenities, MLS listings for this community report a playground and a park, with off-site management rather than an on-site HOA presence, as reported across this community's MLS listings as of 2026-07-14. Confirm current amenities and access directly with the HOA before assuming any of the above is still in place.

The location and the amenities are priced into every listing in Cedar Bay. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
5.9C+ · Buy Score
Long-Term Appreciation4.9/10
Recent Direction2.8/10
Owner Commitment8.1/10
Pricing Power7.8/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (5.9). Basis: Long-Term Appreciation +48% since 2012; Recent Direction -13.0% year-over-year; Owner Commitment 81% owner-occupied; Pricing Power 96.7% sale-to-list. Refreshed with each data update.

Why work with Momentum here

With zero active listings in Cedar Bay right now, there is no public inventory to browse — any opportunity here surfaces through relationships and timing rather than a search filter. Momentum tracks closings in this community as they happen (our current read is built from the last 6) rather than waiting for a listing to post, so we can bring buyers and sellers real information on pricing and pace instead of guesswork.

Cedar Bay in 15 seconds.

Best forBuyers comfortable shopping a wide range of home ages and prioritizing space over a single uniform build era.
Biggest advantageA large median living area (2,589 sqft) relative to the community's median price.
Biggest riskWith zero active listings, there is currently no visible inventory to shop.
Sweet spotHomes built closer to the 2013 median tend to bridge the community's older and newer stock.
Avoid ifYou need to move on a short timeline — a 102-day median days-on-market and no current listings work against speed.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Cedar Bay homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Cedar Bay.
In short
  • HOA dues reported around $45/month (about $540/yr) · median of 66 MLS listings, most billed annually
  • Any club/amenity membership is billed separately

Listings in this community report association dues of about $45 per month ($540 a year) — the median AssociationFee across 66 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Cedar Bay sales matched to your home.

What is your Cedar Bay home worth?

Get a no-obligation home value based on real comparable sales in Cedar Bay, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.

Recently off market in Cedar Bay

Homes in Cedar Bay that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 6 on record.

Frequently Asked Questions

What is the median home price in Cedar Bay?
The median sale price in Cedar Bay was $295K over the 12 months ending September 22, 2026 (6 closed sales, realMLS).
How long do homes in Cedar Bay take to sell?
Homes that closed in the 12 months ending September 22, 2026 took a median 50 days on market (6 sales, realMLS).
How many homes are in Cedar Bay?
The Florida DOR 2025 assessment roll shows 255 homes plus 9 vacant residential lots in Cedar Bay (public records).
What share of Cedar Bay is owner-occupied?
81% of Cedar Bay parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Cedar Bay built?
Homes in Cedar Bay were built between 1928 and 2024, with a median year built of 2013.0 (FL DOR 2025 roll).
Have Cedar Bay home prices gone up?
The trailing-12-month median is up 48% since 2012, from $200K to $295K (realMLS closed records).
What schools serve Cedar Bay?
Cedar Bay is served by Duval County Public Schools, typically First Coast High School (Duval County Public Schools); verify by address, Oceanway Middle School (verify by address) and New Berlin Elementary School (verify by address). Confirm the exact zoning by address with the district.
Who is the best real estate agent for Cedar Bay?
The best agent for Cedar Bay is one who actively works Jacksonville and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Cedar Bay.
How do I find a top Jacksonville real estate agent who knows Cedar Bay?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Cedar Bay and the wider Jacksonville area.
Can Momentum Realty connect me with an agent for Cedar Bay?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Cedar Bay purchase or sale - no call center and no pressure.
Where is Cedar Bay, and what county is it in?
Cedar Bay is in Jacksonville, Duval County, FL, ZIP 32218. The community's center is about 7 miles north of downtown Jacksonville (straight-line).
How far is Cedar Bay from downtown Jacksonville and the beach?
About 7 miles from downtown Jacksonville and about 13 miles from the Atlantic beach at Huguenot Park (Jacksonville), both straight-line; driving distance is usually 15 to 30 percent more.
Is Cedar Bay a good place to live?
That depends on your budget, commute and what you want in a home, so here is what the data says about Cedar Bay: the median sale price over the last 12 months was $295K (6 sales), 5% below the Jacksonville median of $310K; homes took a median 50 days to go under contract; the assessment roll counts 255 homes, 81% of them homesteaded (owner-occupied); listings report First Coast High School (Duval County Public Schools); verify by address, Oceanway Middle School (verify by address), New Berlin Elementary School (verify by address) (A) as the zoned schools. The full numbers, price history and the flood and school sections are above.
Buyers prioritizing living space who are flexible on the exact age of construction.Excellent fit
Buyers working with an agent who can surface opportunities in a market with zero current active listings.Excellent fit
Owner-occupant buyers planning to stay long-term, given how much of the stock here carries a homestead exemption.Excellent fit
Buyers who need to close on a short timeline — a 102-day median days-on-market and zero active listings work against speed.Probably not
Sellers expecting a fast sale in the current soft-heat environment (heat score of 14).Probably not
Buyers who want a uniform, single-era streetscape rather than a mix spanning 1928 to 2024.Probably not

Data sources & freshness

Live listingsrealMLS, refreshed twice daily (last: September 22, 2026)
Community market statsrealMLS closed sales, 12-month windows ending September 22, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (4 streets, ZIP 32018/32118/32218))
Under-contract sharesrealMLS records, as of 2026-09-22
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2002 (191 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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Streets in this community

Street-level pages: every home on record, what sold and what is for sale on each street.

Nearby Communities

Explore more neighborhoods near Cedar Bay with Momentum Realty’s local guides.

BHBay Harbor0.3 mi away · 28 homes, built 1995–18BHBay Harbour0.4 mi away · 28 homes, built 1995–18Cedar Heights0.6 mi away · 99 homes, built 1928–24San Mateo Heights0.7 mi awaySan Mateo0.7 mi away · median $235K, 27 sales/12 moBroward Creek0.9 mi away · 33 homes, built 2001–22TOTavanier Oaks1.0 mi away · median $350K, 3 sales/12 moCBCedar Bay Heights1.1 mi away · 250 homes, built 1928–24, 1 for sale

Browse all neighborhood guides →

Thinking of selling in Cedar Bay? 6 recorded closings; median 50 days on market (window ending 2026-09-22). See the Duval County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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