This is a prime example of falling prices in Clark County for the Solera Subdivision.

Jan 07 - 265
Dec07 - 211
Jun08 - 204

You didn't list the options for your home but I'll assume it is a basic model. By end of 08 it should be in the 180K range. Most purchased the home in 2003 between 150 and 175K. on Celestial and Peaceful Moon Evening Twilight and Galilean Moon have a little better floor plan and size and should fetch another 10K.

So, I would price your home between the 180 and 200K range thus giving you a good chance at a sell given the current market.

The upside - a single story homes which will sell better in the current market.

Katherine, are you attempting to sell it on your own? If so, that would be very tough in this market. If you are planning on using a real estate professional, you should ask the agents that you interview for a professional opinion. If you would like me to be a part of that process, I would welcome that.

There are about 60 homes for sale in your subdivision that you will be competing with, so pricing is super important. Keep that in mind.

John A. Brassner, MBA, Realtor
Windermere Summerlin Real Estate
Residential and Commercial
Cell Phone: 702-808-9816
Fax: 702-995-0488
Email: john@john4realty.com
10777 West Twain Ave, Suite 105, Las Vegas, NV 89135 http://www.NevadaRealEstateCenter.com

Katherine
You have two interesting answers to start with. They both have points that you can apply.

The factors the affect price are location, condition, and timing. How a buyer will evaulate your home compared to others and what factors will cause them to consider your home is determined by the marketing your Realtor uses. For example. the average buyer looks at 12 homes before they buy. If a buyer's Realtor is looking at, say, 36 homes, which ones will he select for the 12?

Of the twelve homes the Realtor shows the buyer, which factors will the buyer consider the most important?

This is why have a good Realtor is critical. I have a seen homes sell for under market because the features that really offered value were not presented, so the property appeared to be worth less than it was.
I have also seen homes sell for more than I thought they were worth because of excellent marketing by the listing agent. A great example of this is staging. Most markets are buyers markets, so staging a home to sell, plus having professional photos taken, can take a mediocre home look like it's worth thousands more.

Good luck`

It's hard to say without seeing the home. This would be the same as saying what is my 1969 Corvette worth...Is is a convertable, is it in cherry condition or need work, was it fully loaded or stock, etc. etc.

The same is true of a house...Does it have the sort of features people are looking for in todays market such as: granite countertops or tile countertops, two tone nuetral painted interior or plain white walls , tile flooring or vinyl floors, is the home overloaded with items that makes the home look clutered and small or is it vacant and very clean, etc. etc. Any agent that says what the home should be priced without seeing the property is just guessing. However I can tell you that in VERY GENERAL terms somewhere between $199,900 and $228,000, could be lower or higher than this range, but again without viewing the property there is no real way of knowing.
From the tax records it appears that you pruchased the home in 2004 and may have refinanced in 2006, is this correct? If so and you are in the situation that most are, in todays market, where you owe more than the home is worth, we can help. I have been conducting Short Sales for nearly all of my real estate career (almost 10 years) and would be happy to help you out whether this is your current situation or not. Feel free to visit our site and check out our blog if you have any questions about short sales.

Good luck to you in the sale of your home and if we can be of assitance, do not hesitate to give us a call...

John Goad, Jr. of The Goad Team
Century 21 Infinity
(702) 460-3782

If you contact a local Realtor they may be willing to give an opinion nothing. Or you could hire an Appraiser.