Add all the ingredients in a large saucepan over medium heat. Cook down the figs until easily smashed with the back of a wooden spoon. Smash and press the figs against the side of the saucepan and continue to cook down the figs until thickened to your desired thickness.
Put preserves into mason jars and let cool to room temperature before putting in the fridge.
Notes
I am not familiar with the canning process so I cannot give tips on that. If you are an expert canner, feel free to can this with the process that you know. Otherwise, this will last at least a month in the fridge.