I would anchor your number to current competition and recent closing behavior.
If you are trying to decide where your asking price should land, I would keep the answer grounded in current competition, not just your ideal result. In Chestermere, AB, buyers had 234 active listings to compare last month, so pricing discipline is not optional.
Last month, Chestermere, AB recorded 62 completed sales, 134 new listings, and 3.77 months of supply across total residential homes. The typical residential benchmark price was $707,900, and accepted deals averaged 97.5% of asking, which tells me homes still sell here, but overreach can cost you valuable time.
That matters because your first price is not just a number. It shapes who shows up, how seriously they view the listing, and whether your home enters the market as a contender or a maybe.
Study the homes that will compete with you the day you list, not the ones that sold under different conditions months ago. Price to attract the right pool early. Review activity fast, and if the market response is weaker than expected, change the plan before momentum fades.
