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  • SOLD: Pigeon Holed

    After roughly 120 days on market they finally found a buyer. Although they didn’t get the $325,000 windfall they were initially hoping for (assuming a 3% commission), walking away with $265,000 after just three years of ownership is nothing to shake a stick at. This seller had a few key things going for them: I…

  • Danger, Will Robinson

    Address: 304 Highland Ln, Sugarloaf, CA 92386 Link: https://www.redfin.com/CA/Sugarloaf/304-Highland-Ln-92386/home/4219565 Beds/Baths: 2 beds, 1 bath, 720 squares Purchase Price (12/2020): $235,000 Asking Price: $330,000 Difference: +$95,000 Commission (3%): -$9,900 Total Gain: +$85,100 I appreciate the confidence here. After buying during the first year of the pandemic for $235,000, our little buddy here decided to list four years later…

  • No Man’s Land

    Address: 1029 Glen Mountain Rd, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/1029-Glen-Mtn-Rd-92314/home/3525137 Beds/Baths: 2 beds, 2 bath, 1,086 squares Purchase Price (2/2023): $360,000 Asking Price: $489,999 Difference: +$129,999 Commission (3%): -$14,700 Total Gain: +$115,299 Somebody help me out here. These people purchased in February 2023 and after holding for 20 months they expect a $155,000 windfall? I…

  • SOLD: Cratered Expectations

    Sometimes I look up properties I featured in the past to see if there have been any price cuts or status changes. To nobody’s surprise most of these listings are still decomposing on the market, still asking for asinine Wishing Prices. However, every once in a while a property will sell without any notification from…

  • 2-4-1

    Address: 760 Club View Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/760-Club-View-Dr-92315/home/4116857 Beds/Baths: 4 beds, 3 bath, 1958 squares (two separate units) Purchase Price (4/2022): $790,000 Asking Price: $760,000 Difference: -$30,000 Commission (3%): -$22,800 Total Loss: -$52,800 This seller purchased in April 2022 for $790,000 and in July of this year shot for the moon with a…

  • All About the Benjamin

    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…

  • SOLD: Short Road to a Short Sale

    Well, the good news is they avoided a short sale and can finally move on. The bad news is the seller had to light nearly their entire down payment on fire. Assuming they only had to pay their agent’s commission of 3% (unlikely, but let’s go with the best-case scenario) this sale cost them a…

  • UPDATE III: View to a Kill

    This listing is anything but “new.” They have been on the market since July 2023 messing around with Wishing Prices and playing the de-list/re-list game to obscure just how stale this listing is. There are currently four other properties competing for the same smattering of qualified buyers. How does our featured seller stack up? The…

  • Drugs Are Bad M’kay?

    Address: 530 W Sherwood Blvd, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/530-W-Sherwood-Blvd-92314/home/3515622 Beds/Baths: 3 beds, 1 bath, 952 squares Purchase Price (11/2023): $180,000 Asking Price: $299,000 Difference: +$119,000 Commission (3%): -$8,970 Total Gain: +$110,030 As we explored in Flippin’ Ain’t Easy and Fast Flip Fundamentally Fails, buying a property in 2023 and listing it in 2024 expecting…

  • PRICE CUT: The $1,000 Question

    After 100 days on the market, they finally made a move. But is this $50,000 reduction too little, too late? If you recall, they listed in June 2024 for just $1,000 less than they paid in May 2022. Then, after spending more than three months necrotizing on the market they finally reduced the price to…