Big Bear Bummers

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  • Shoot for the Stars

    Address: 807 N Star Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/807-N-Star-Dr-92315/home/4114032 Beds/Baths: 5 beds, 4 baths, 3,963 squares Purchase Price (4/2021): $1,525,000 Asking Price: $2,375,000 Difference: +$850,000 (!) Commission (5%): -$118,750 Total Gain: +$731,250 In April 2021 our seller laid out $1,525,000 for this big bomber and just three years later is demanding an $850,000 windfall…

  • Dude WTF

    https://www.redfin.com/CA/Big-Bear-City/124-E-Fairway-Blvd-92314/home/3516570

  • New-Build Blues

    Address: 42128 Snowmass Ln, Big Bear Lake, CA 92315 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/42128-Snowmass-Ln-92315/home/161180754 Beds/Baths: 4 bed, 3 bath, 2,257 squares Purchase Price (2/2022): $1,225,000 Asking Price: $1,199,999 Difference: -$25,001 Commission (5%): -$60,000 Total Loss: -$85,001 In early 2022 our seller purchased this place for a whopping $1,225,000. That was an impressive $125,000 over asking price, demonstrating the craziness of…

  • Fridge Benefits

    Address: 43103 Grizzly Rd, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/43103-Grizzly-Rd-92315/home/4117903 Beds/Baths: 2 bed, 1 bath, 789 squares Purchase Price (6/2023): $413,000 Asking Price: $399,885 Difference: -$13,115 Commission (5%): -$19,994 Total Loss: -$33,109 This purchase timing is about as bad as it gets. Our seller purchased in June 2023 (ouch) for $413,000 (double ouch) and just 10…

  • Double Double

    Address: 642 Villa Grove Ave, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-Lake/642-Villa-Grove-Ave-92315/home/4119285 Beds/Baths: 3 beds, 1 bath, 1,184 squares Purchase Price (2/2022): $618,400 Asking Price: $565,000 Difference: -$53,400 Commission (5%): -$28,250 Total Loss: -$81,650 This listing history is fascinating. According to public records, in 1999 Buyer A purchased this place for $111,000. Three years later they sold…

  • Status Update

  • 400 Days and Nights

    Address: 42727 Moonridge Rd, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/42727-Moonridge-Rd-92315/home/4116792 Beds/Baths: 6 beds, 3 baths, 2,080 squares Purchase Price (11/2021): $695,000 Asking Price: $890,000 Difference: +$195,000 Commission (5%): -$44,500 Total Gain/Loss: +$150,500 In November 2021 this numbskull paid $695,000 for this triplex, and a year and a half later tried to get a jaw-dropping $1,100,000.  Amazingly,…

  • Live, Laugh, Lose

    Address: 40114 Esterly Ln, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/40114-Esterly-Ln-92315/home/3502898 Beds/Baths: 1 bed, 1 bath, 529 squares (!) Purchase Price (3/2022): $390,000 Asking Price: $379,900 Difference: -$10,100 Commission (5%): -$18,995 Total Loss: -$29,095 Right off the bat, I respect the seller’s acknowledgement that walking away with a profit is not gonna happen. Although the current asking…

  • Wishing on Winterset

    Address: 733 Winterset Ct, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/733-Winterset-Ct-92315/home/4112609 Beds/Baths: 3 bed, 2.5 bath, 2,543 squares Purchase Price (3/2022): $1,350,888 Asking Price: $1,450,000 Difference: +$99,112 Commission (5%): -$72,500 Total Gain: +$26,612 The sheer, unbridled delusion is astounding. In February 2022 this place was listed for a hefty $1,175,000 and our seller got in a hard-fought…

  • UPDATE: A View to a Kill

    I keep warning sellers that waiting around for a miracle is a dangerous game. While recent buyers are understandably sensitive about pricing as they desperately try to minimize their losses, long-time owners with tons of equity don’t give a hickory-smoked shit. And those are the people setting the comps. In this case, the sellers of…