Big Bear Bummers

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  • Carnival Barker

    Address: 221 E Barker Blvd, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/221-E-Barker-Blvd-92314/home/3516816 Beds/Baths: 3 bed, 2.5 bath, 1,374 squares Purchase Price (12/2012): $180,000 Asking Price: $480,000 Difference: +$300,000 Commission (3%): -$14,400 Total Gain: +$285,600 Dude, what in the methamphetamine hell is going on here? Our seller bought this place in December 2012 for $180,000, let it fall…

  • SOLD: New-Build Blues

    Purchase Price (2/2022): $1,225,000 Sold Price: $1,132,300 Difference: -$92,700 Commission (5%): -$33,969 Total Loss: -$126,669 Damn. That is a devastating loss. But if you’re serious about selling in the current environment, this is how you do it. Keep in mind their most recent asking price was $1,199,999, meaning they accepted an offer nearly $70,000 below…

  • Pinching Precious Pennies Prolongs Pain

    Address: 43427 Ridgecrest Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/43427-Ridge-Crest-Dr-92315/home/3511949 Beds/Baths: 3 beds, 3.5 bath, 2,895 squares Purchase Price (12/2021): $1,169,900 Asking Price: $1,149,000 Difference: -$20,900 Commission (3%): -$34,470 Total Loss: -$55,370 In December 2021, around the height of the pandemic-era frenzy, our seller paid an eye-popping $1,169,900 for this big bomber. Less than two years…

  • Cratered Expectations

    Address: 428 Crater Lake Rd, Big Bear Lake, CA 92315 Link: https://www.realtor.com/realestateandhomes-detail/428-Crater-Lake-Rd_Big-Bear-Lake_CA_92315_M13658-72166 Beds/Baths: 3 bed, 2 bath, 1,316 squares Purchase Price (12/2022): $560,000 Asking Price: $649,900 Difference: +$89,900 Commission (3%): -$19,497 Total Gain: +$70,403 Today’s seller bought in December 2022 for $560,000 and just nine months later shot for the moon with a patently absurd asking price…

  • PRICE CUT: Dialed-in but Doomed

    For those keeping track, a sale at the new price would result in a brutal $71,250 loss. Oddly though, I don’t get the sense that they’re panicking. They know they can still salvage about half their down payment, so they’re probably not thinking utter devastation is a realistic outcome. But I bet losing money on…

  • Whistlin’ Dixie

    Address: 436 Dixie Ln, Big Bear Lake, CA 92315 Link: https://www.realtor.com/realestateandhomes-detail/436-Dixie-Ln_Big-Bear-Lake_CA_92315_M29724-02483 Beds/Baths: 3 bed, 1 bath, 1,360 squares Purchase Price (7/2020): $224,500 Asking Price: $437,000 Difference: +$212,500 Commission (3%): -$13,110 Total Gain: +$199,390 (!) Here is another example of dumb money thinking it’s smart money. Our seller bought this modest home in July 2020 for…

  • PRICE CUT: Tipped Off

    After 45 days this seller finally decided to grace us with a 6-percent price reduction. As a result of this incredible generosity, they will “only” walk away with $242,030. Thank you for your sacrifice. **************ORIGINAL POST BELOW************** Address: 859 Silver Tip Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/859-Silver-Tip-Dr-92315/home/4118700 Beds/Baths: 2 beds, 1 bath, 820…

  • PRICE CUT: Live, Laugh, Lose

    Well, I didn’t say it was a meaningful price cut. But it’s a price cut nonetheless! They paid $390,000, so what seems like a tiny price reduction to us feels like an enormous concession to the seller. Not that the market cares about any of that, but I at least sympathize with this seller’s reluctance…

  • Doing What it Takes

    Address: 1709 Columbine Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/1709-Columbine-Dr-92315/home/3513753 Beds/Baths: 2 bed, 1 bath, 966 squares Purchase Price (5/2023): $480,000 Asking Price: $389,900 Difference: -$90,100 Commission (3%): -$11,697 Total Loss: -$101,797 Wow, these people know they’re screwed. In May 2023 they paid $480,000 and not even a year later listed it for a Wishing Price…

  • Dialed-in but Doomed

    Address: 43865 Mendocino Dr, Big Bear Lake, CA 92315 Link: https://www.realtor.com/realestateandhomes-detail/43865-Mendocino-Dr_Big-Bear-Lake_CA_92315_M19823-90567 Beds/Baths: 3 beds, 1.5 bath, 1,426 squares Purchase Price (6/2022): $710,000 Asking Price: $675,000 Difference: -$35,000 Commission (3%): -$20,250 Total Loss: -$55,250 In June 2022 our seller paid $710,000 for this place, which was $35,000 over the asking price. OOPS. In April of this year they…