A cautionary tale from the list of 2011 Deep Creek short sales ..

105 HAILEE'S Ln: listed in 2008 for $1,200,000; several price changes and nearly three years later, now listed as a short sale with a list price of $722,500. If someone had bought this house on the advice of local real estate agents in 2008 and wanted or had to sell the property today, they would be looking at an investment loss of approximately $1/2 million.

Moral of the story: big commissions for agents, big investment losses for those who took their advice. Consider that the next time you consider taking their advice.

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