CREATED Jun. 12, 2013
NAPLES, Fla.- The Naples housing market is showing signs of improvement and it's getting competitive. One broker says they're seeing multiple offers on properties and that's something they haven't seen in years.
Tiffany McQuaid, owner and broker of McQuaid and Company, shows Fox a 1.3 million dollar penthouse in the Bayfront Community in Naples. The condo is now on the market.
"Where the million dollar properties were not getting as much activity over the last few years that has increased threefold in 2013."
McQuaid says they've already had several interested in the condo and most of her clients are from out-of-town.
"Whether they're relocated in a corporate style of environment similar to what we're going to experience with Hertz or people originally snowbirds have now decided to make Naples their year round residence."
McQuaid also points out that prices on the properties are slightly increasing. For example, take condos in the Mercato. From January 2012 to June 2012, the average price per square foot last year was just over $335 dollars. If we look at the same time this year(2013), the price has no jumped to $434 dollars.
"It's driven people to realize if I don't get in now I'm never going to be able to afford to get in," said McQuaid.
McQuaid says the housing market is looking brighter these days. They're getting multiple offers on a property.
"Mortgage interest rates are still very low and we're seeing a good amount of people coming in and paying cash for properties."