March 30, 2021 | Andreas Buschermohle
How our model determines an accurate price for your unit at ‘normal’ demand
As stated above, the Base Price Model is the foundation of each unit’s unique pricing recommendation. The goal of the Base Price Model is to discern an accurate median nightly price for each unit by analyzing the attributes of the property.
For example, we all know that a pool, a porch, parking and other attributes can impact the desirability of a given property.
And, while the value of these individuals attributes varies greatly over the course of a year (i.e. your pool is ‘worth’ more on July 4th than on January 4th), the Base Price Model is designed to determine the value of your unit for a day with average local demand.
To do this, the model analyzes:
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