Big Bear Bummers

Address: 989 Cameron Dr, Big Bear Lake, CA 92315

Link: https://www.redfin.com/CA/Big-Bear-Lake/989-Cameron-Dr-92315/home/3504213

Beds/Baths: 1 beds, 1 bath, 687 squares

Purchase Price (11/2022): $375,000

Asking Price: $374,900

Difference: -$100

Commission (3%): -$11,247

Total Loss: -$11,347

These sellers listed in December 2023 (just 13 months after they purchased) and now, nearly a year later, they are finally willing to take a loss. Good for them!

So how much of a financial sacrifice will they accept to close the deal?

$100.

Yep, despite being completely ignored by the buying public for nearly a year (they haven’t so much as gone Contingent once) their current asking price is just 100 bucks lower than their purchase price at the peak of the market.

The place looks…fine. Nothing special but relatively tidy and the dual-paned windows are a plus.

But what is going on with the floor underneath the dishwasher? That doesn’t look good.

I think $546 per square foot is pretty ambitious for this place, but maybe you disagree. If so, here is what you are looking at for a monthly payment:

Purchase price: $374,900

Down payment: $74,980

Monthly nut: $2,486/mo (@7%)

I think it’s hilarious that after all this time being ignored by buyers, they still believe a sale will only cost them a C-note and closing costs. Uh, yeah. That’s not how it works in Big Bear these days. The ultra-dialed-in houses can sometimes squeak out a 2022 price, but this ain’t one of those places.

This is a very special kind of delusion, and basically the reason this blog exists!