Let me see if I have this straight ..

someone thinks a buyer should pay nearly $2million for a home in Waterfront Greens at the same time other sellers in the Waterfront Greens community are slashing prices left and right. Rather puzzling, don't you think?

Edited: Sunday's Washington Post has a related and timely story on buyer and seller expectations being out of sync.

Below are some examples of price cuts and seller distress in what is sometimes referred to in listings as a "prestigious" community.

46 LAKEFRONT LINKS Dr: Current list price: $399,900, June 2010 list price: $499,900, just reduced $100,000. Agent-owned, Waterfront Greens.

47 LAKEFRONT LINKS Dr: Current list price: $319,900, June 2010 list price: $409,900, just reduced $90,000. Agent-owned, Waterfront Greens.

48 LAKEFRONT LINKS Dr: Current list price: $309,900, June 2010 list price: $409,900, just reduced $100,000. Agent-owned, Waterfront Greens.

50 WATERFRONT GREENS Dr: Current list price: $299,000, June 2010 list price: $399,000, just reduced $100,000. Agent-owned, Waterfront Greens.

1 MISTY MEADOWS Dr: foreclosure, Waterfront Greens. Price cut August 10, 2010. Price cut again August 30, 2010.

78 CLUBHOUSE Dr: current list price: $499,000, 2005 sold price: $589,000. Another in Waterfront Greens. Listed three times since 2008.

72 WATERFRONT GREENS Dr: current list price: $109,000, 2008 list price: $139,000. Agent-owner offering to pay first year of buyer's mortgage interest. Listing describes Waterfront Greens as "ever-popular."

335 WATERFRONT GREENS Dr: short sale, previously pitched by local real estate agent/blogger as property that had rental income (when others apparently did not - wow, can you imagine the distress those owners falling into the don't have rental income category must be in). Same current "owner" as 342 Lakefront Links - Morgantown-based LLC.

342 LAKEFRONT LINKS Dr: short sale. Same current "owner" as 335 Waterfront Greens - Morgantown-based LLC.

662 WATERFRONT GREENS: June 25, 2010 sold price: $835,000; 2008 list price: $1,389,000. Formerly agent-owned, previous history profiled here.

65 POND Ct: Current list price: $139,000, 2008 list price: $179,000. Waterfront Greens. Agent-owned. Just reduced by $40,000 after nearly 800 days on market.

84 POND Ct: Current list price: $139,000, 2008 list price: $179,000. Waterfront Greens. Agent-owned. Just reduced by $40,000 after nearly 800 days on market.

156 MISTY MEADOWS Dr: current list price: $459,000, 2008 list price: $599,900. This one makes the list due to the recent negative price action in Waterfront Greens. Agent-owned.

Don't forget to check back to Dan's Deep Creek Blog for your future updates on Deep Creek real estate.