Why did you buy there and who is your customer?

Your age?

Area employment?

ETA, just looked at your previous post. Did some research. What happens to your area during military changes. You are competing with new homes.

When we had a house on the market a few years back, we had zero showings between Thanksgiving and mid-January. Part of it might be time of year.

I don't see anything in your listing that would deter me from looking at it, other than the backyard seems tiny. Are all homes in the neighborhood on lots that small?

the listing is fine, it is the price. The property is in an economically depressed area, priced about 2x what people can afford.

NewDeal, do you know median income of your customers?

What else is available in the area around that price point? New construction? Homes with bigger lots?

Are you in an HOA with heavy restrictions?

is this a Mello Roos?

I’m sorry but, zero showings is a powerful commentary on your price. If you look at sold neighborhood comps, they are significantly under your listing price. Significantly. They are well under the price at which you purchased by tend of thousands.

I don’t give Zillow much credence on accurate market pricing, but they do a decent job at reporting sold comps.

I noticed that the median list price is $133k on that link you posted with Zillow.

That doesn't mean that your list price is too high, but it is worth a second or third look at the comps. Have your agent take you to homes in your neighborhood that are priced where you are and homes priced for less that have the same general features you have in your home (bedrooms/baths/size/features). This will give you a visual. Notice I said "take you" to those homes because what we see in pics is different from real life.

The listing does look much better than the last time you posted it.

Now it is critical to make sure it's priced right. And, that your agent is doing all s/he can to market to your most likely buyer. Your agent should be able to give you an accurate idea of your most likely buyer too.

Thanks everyone. Fort Knox is what makes this community thrive. My home is 1 of 4 of the largest homes in the gated community of about 35 homes. The comps around are far less due to size and age of homes. This area has a majority of 6 figure family incomes due to military installation 10 mins away. Hoa is $600 a year for a automated gate, security lights and sewer service. Looking to sell quickly as we were downsizing. Scaled cost to lower end but zillow algorithms shrink with adjusting price. Yard is on the small side but has a larger side yard. Were going to shoot for a brokers open house to see what we can do.

Basically trying to determine if its optimal to seek a profit or just break even

Have any of the largest homes sold in your neighborhood recently?

Consider getting an appraisal from a reputable appraiser if you aren't completely satisfied with your Realtor's CMA.

It all depends on the economy of the region (is it good/middle/bad right now and will that change soon or not for a while) and the buyers in the market right now looking for homes like yours.

Thanks spoke with agent and we will reduce one last time to $187,000 and hopefully that paired with brokers open house helps. Economy is hot here new businesses, tons of help wanted signs and installation expansion. Homes comp to ours selling at around $200k but Im not looking to be proud as much getting it sold

best wishes, but when the help wanted signs are for min wage jobs....they can’t afford your home. maybe $150k. I did some research, unlike others who have commented.

make it happen, prove me wrong!

Jim, "Help wanted" signs have nothing to do with median income for the area.

Help wanted signs are generally entry level, minimum wage type employment. Unless your target market is a minimum wage earner, that's a metric that doesn't apply to this specific situation.

OP, instead of pulling a number out of the air - have a local appraiser provide an accurate opinion of value based on actual data.

I have experience in an area whose economy was based on the military.

The military left.

Agreed re entry level, if an area is unable to fill entry level jobs......the people have left, and immigrants are not available. The analytics are there. I learned it as, trickle down economics.

Radcliffe is highly dependent on Ft Knox and since the Armored School left, it has greatLu downsized. Others living in Radcliffe are at the low end of middle class and can’t afford your house.

Sold homes between 2000-2500 square feet in your zip code. Not all true comps. But enough. You‘re significantly overpriced for the market.

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