Choose your asking price by comparing genuinely similar homes, then consider competing listings separately. I would rather help you explain a defensible price than rely on a townwide number.
The latest market report gives a typical asking price among homes listed for sale of $1,599,000 in Sherman Oaks. The typical sale price was $1,408,750 for completed sales. The estimated value of a typical home was $1,391,470, based on model-generated property estimates rather than a formal appraisal. These measures cover single-family homes, condos, townhouses and apartments, while asking prices and completed-sale prices describe listed and sold groups.
The difference between those asking and sale prices does not establish a discount you should expect for your home. Competing asking prices describe alternatives a buyer might consider, but they do not establish what those properties will sell for. I would ground your pricing decision in similar completed sales and explain how differences in condition, size and features matter.
Gather details about your home's condition and improvements so our review can distinguish relevant differences from cosmetic preferences. Review recent sales of similar homes with me, then examine competing listings separately to understand the choices facing a buyer. Choose an asking price you can support and decide what feedback would warrant reconsidering it after launch.
