[ad_1]
There were a total of eight offers on a house in Clifton that was listed for sale in March for $949,000.
But three people really wanted it.
“Three people just started going back and forth,” said Mahmoud Ijbara of Compass, the listing agent. “We were going to take $1.1 million. Then they started going crazy.”
The five-bedroom, two full- and one half-bathroom home ended up closing for $1.3 million. That’s $351,000 above the asking price.
“The owner was like take 1.3 million and be done with it,” Ijbara said. “If I would’ve tried, I would’ve gotten even more for it.”
The well-maintained colonial is located in the Rosemawr section of Clifton. It’s in a cul-de-sac, in a quiet neighborhood near a park and New York City transportation.
“It’s a section of Clifton that’s in high demand,” he said.
The home was built in 1994. It has an open concept living and dining room, a kitchen with an island that’s open to a family room, an enclosed porch, a deck, a two-car garage and a finished basement. It’s on a quarter-acre lot.
The buyer was a couple who already lived in Clifton and was looking for a bigger home, Ijbara said.
He said the house got so much attention because of it’s location and because buyers are eager.
Showings stopped after four days but in that time there were 20 private showings and 35 groups came through a one-day open house.
“Clifton is particularly hot,” he said.
It was ranked among the 100 best places to live by Livability last year, where it earned high marks for economic opportunities, educational opportunities and cost of living.
And home prices keep going up.
“People are panicking thinking prices are going to keep going up,” Ijbara said. “They don’t want to wait.”
A three-bedroom rental in Clifton is now about $3,000 per month. “People would rather buy,” he said.
The median sales price of a home in Clifton was $550,000 in April, according to the most recent data available from New Jersey Realtors.
Are you an agent, buyer or seller who is active in this changing market? Do you have tips about New Jersey’s real estate market? Unusual listings? Let us know.
Thank you for relying on us to provide the local news you can trust. Please consider supporting NJ.com with a subscription.
Allison Pries may be reached at apries@njadvancemedia.com.
[ad_2]
This article was originally published by a www.nj.com . Read the Original article here. .