Determining the market value for properties in the city is different than for the suburbs. In the suburbs, in a housing development, size and condition largely determine price. You look at the last three months of sales of homes in the development and adjust for condition and amenities. In the city, pricing becomes more of an art than a science because no two homes are alike. You need to look at what homes sold for in similar neighborhoods, but adjustments for size, style, and upgrades become increasingly subjective depending on the property. A good example is that a particular three bedroom, two bath home may sell for $650,000 while another three bedroom, two bath home about the same size and condition may sell for $600,000 or $750,000 depending on the location and style. You must take great care in setting a price, because if a house is priced too high it will generally end up selling for less than it would have if it were priced correctly. For a much more detailed look at home pricing, you should read our Free report.