Location, Timing and Price: Real Estates Triumvirate.
All of these are almost equally important when we are putting a listing on the market, and they are also inter-dependent.
You have a house. Let's say it's in great condition. But what it will sell for will depend in large part upon where it's located and what the market is doing at the particular moment it goes onto the market.
Location has several elements. Is the neighborhood thin at the elbows, or is it chic and trendy? Is the house on a busy street? Is the lot adjascent to a beautiful park or neighborhood garden? Or does it back to a commercial property with a view of a parking lot? Similar homes in the same area can sell for different prices if they are on more or less attractive lots.
And timing is also important. It doesn't matter what your neighbor's home sold for on a good day in 2006. It's important to understand what your market is doing at the very moment you plan to lst.
So yes, price is huge. But it is tightly tied to the other two - location and timing.